Paxos Co-Founder: USDH to Become a Top 10 Asset with a Market Cap Above $10 Billion, Paxos to Provide Global Regulatory Coverage
On September 9th, at the "USDH Stablecoin Roundtable" organized by Hyperliquid, bhau, the co-founder of Paxos Labs, stated that Paxos Labs is highly suitable for collaborating with the Hyperliquid ecosystem. Paxos Labs has a team dedicated to Hyperliquid and has been conducting development on Hyperliquid since the very beginning. Meanwhile, Paxos is one of the most long-standing compliant stablecoin issuers in the industry. It holds the unique distinction of being the only entity to be issued a state trust charter by the New York Department of Financial Services and also a federal charter from the OCC (Office of the Comptroller of the Currency). We believe that USDH will become an asset with a market capitalization exceeding $10 billion or even larger. Only federally regulated entities have the qualification to issue assets with a market capitalization exceeding $10 billion, and this is not an easy qualification to obtain. This is also a key highlight of Paxos Labs. If a compliant glob
2 minutes ago
If Bitcoin falls below $110,000, the mainstream CEX long liquidation volume will reach $1.33 billion.
On September 9th, according to Coinglass data, if Bitcoin drops below $110,000, the cumulative intensity of long liquidation on mainstream CEXs will reach $1.33 billion.
Conversely, if Bitcoin goes above $114,000, the cumulative intensity of short liquidation on mainstream CEXs will reach $1.192 billion.
**BlockBeats Note**: The liquidation chart does not accurately depict the number of contracts awaiting liquidation or the exact value of contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to neighboring clusters, which is referred to as intensity.
Therefore, the liquidation chart shows the extent to which the asset price reaching a certain level will be impacted. A higher "liquidation bar" indicates that once the price reaches that level, it will trigger a stronger reaction due to a liquidity avalanche.
2 minutes ago
Bitcoin Drops Below $112,000
On September 9th, according to HTX market data, Bitcoin dropped below $112,000 and is currently priced at $111,862, with a 24-hour decline of 0.17%.
2 minutes ago
Arizona Retirement Fund Increases Position in MSTR Stock by $2M
On September 9th, according to BitcoinTreasuries, the Arizona State Retirement System (ASRS), which manages assets worth $17.3 billion, has augmented its holdings in MicroStrategy (MSTR) by $2 million. Currently, it holds 72,315 shares, with a total value exceeding $24 million.
2 minutes ago
The US Bureau of Labor Statistics currently has one-third of its senior positions vacant
September 9th. Based on the website of the U.S. Bureau of Labor Statistics, the agency in charge of generating crucial U.S. employment and inflation data has one-third of its senior positions vacant. Although an acting head has been appointed, a series of other leadership positions that are responsible for overseeing different aspects of employment statistics and field operations at the regional level remain unfilled.
According to sources with knowledge of the matter, many employees who have served at the agency for decades have accepted the offer of delayed resignation from the Trump administration in recent months. The dismissal of the agency's head by U.S. President Trump last month has presented a challenge to the agency, which has approximately 2,000 career employees.
Due to a federal hiring freeze that will persist until October 15th, it is currently uncertain whether the lower-level positions responsible for data collection and analysis can be filled promptly. (Jin10)
2 minutes ago
App Store
Profile
Security
Sign Out
Feeds
Articles
Source
Add to Favorites
Download image
Share x
Copy link
