From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

BlockBeats News, September 12th, Galaxy Digital CEO Mike Novogratz stated that the crypto market is entering what he calls the "SOL (Solana) Season," as market momentum and regulatory signals are both moving in favor of the blockchain.Novogratz emphasized in a CNBC interview on Thursday that Forward Industries (code FORD), led by Galaxy Digital, Jump Crypto, and Multicoin Capital, recently completed a $1.65 billion financing round aimed at building the world's largest Solana treasury strategy. A crypto treasury company focused on altcoins is injecting new vitality and funds into the field.He also mentioned the shifting regulatory landscape. Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, recently stated that the agency is working to "advance securities rule modernization to allow for market digitization." Novogratz described this move as a "thorough departure" from past policies, signaling accelerated institutional adoption.In addition, Nasdaq has recently submitted a rule change proposal to the SEC, seeking approval to list tokenized versions of stocks and ETFs for trading on the same order book as traditional securities. Novogratz stated that blockchain technology now possesses rapid, secure, and reliable characteristics, coupled with a robust regulatory framework, preparing Wall Street for adoption. He specifically pointed out that Solana, with its speed and high throughput, has become a customized blockchain suitable for the financial market, emphasizing that Solana and Ethereum are engaged in benign competition in rebuilding the global financial infrastructure. As applications mature, multi-chains will coexist through bridging.
From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

BlockBeats News, September 8th, according to TheBlock report, stablecoin issuers Paxos, Frax Finance, Agora, and others are competing for the upcoming Hyperliquid's USDH stablecoin issuance rights. Hyperliquid announced this plan last Friday, stating that the goal is to launch a "USD stablecoin that is Hyperliquid-first, aligned with Hyperliquid's principles, and compliant," and has reserved the USDH token code for this purpose. Hyperliquid has invited teams to submit proposals, with the winner to be chosen through validator voting, gaining the right to purchase the token code and issue the token.Paxos submitted a USDH bidding proposal yesterday, committing to providing compliance with the MiCA and GENIUS acts, supporting native deployment on HyperEVM and HyperCore, and using 95% of interest income for HYPE token buyback, redistributing the bought-back tokens to the "ecosystem plan, partners, and users."Frax proposed a "community-first" proposal, planning to peg USDH to frxUSD at a 1:1 ratio, with frxUSD supported by a BlackRock yield-generating BUIDL on-chain sovereign bond fund. Frax stated that "100% of the underlying bond yield will be distributed directly to Hyperliquid users in an on-chain programmatic manner, with Frax not charging any fees." The current stablecoin deposits in Hyperliquid can generate $220 million in annualized yield.Agora also assembled a joint bidding team for USDH, promising that "100% of net revenue" from USDH will be allocated to Hyperliquid for platform assistance fund or HYPE token buyback. Additionally, Ethena Labs also hinted at possibly submitting a USDH proposal on the X platform.Hyperliquid has requested that institutions submit proposals by September 10th (Wednesday), with voting to take place on September 14th (Sunday).
From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.

From Theblockbeats

Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.