According to Jinse Finance, Tether, through its investment arm, participated in a $134 million funding round for Stablecoin Development Corporation, a company focused on public market investments in the stablecoin economy and the development of digital asset infrastructure. This round also included participation from institutions such as Framework Ventures. Stablecoin Development Corporation is building an ecosystem encompassing payments, transfers, and cross-platform fund flows, optimizing user experience and lowering barriers to entry.π³π³π³
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European stock exchange operator SIX Group announced that SIX Swiss Exchange in Switzerland and BME Exchange in Spain will use Chainlink nodes to upload stock market data to the blockchain, enabling smart contracts to directly access the data and supporting blockchain applications such as tokenized stock indices and structured products. The two exchanges have a combined market capitalization of β¬2 trillion. Previously, institutions such as Deutsche BΓΆrse and FTSE Russell have also partnered with Chainlink.πππ
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Binance co-founder He Yi stated that CZ has stepped down from management, and she and Richard Teng are currently responsible for the management structure. They plan to find suitable partners globally. He Yi mentioned that Binance will focus on applying for more global licenses, with Richard Teng responsible for establishing standards, while she will focus on user growth and services. Regarding personal plans, He Yi said there are no plans to publish a book at this stage, but it might be considered in the future.π³π³π³
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Yu Xian, founder of SlowMist, revealed that the Drift Protocol was hacked because the attackers migrated their multi-signature scheme to 2/5 and eliminated timelocks a week prior. After taking over admin privileges, they minted counterfeit tokens, manipulated oracles, and disabled security mechanisms, ultimately stealing assets worth over $200 million. Yu Xian urged DeFi projects to regularly review extreme risk scenarios, improve alerting and response mechanisms, and ensure users understand their protocol's risk exposure.πππ
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Bitcoin Core released version 31.0, optimizing the Mempool logic, improving nodes' ability to assess the overall value of related transactions, and enhancing private broadcast functionality. It now supports broadcasting sendrawtransactions via Tor/I2P, hiding the IP address and geographical location of the transaction initiator. The impact on ordinary transfer users is minimal, but users using RBF, CPFP, Lightning Network, or complex wallets may experience changes in transaction behavior.π³π³π³π³
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According to Cointelegraph, Bitcoin mining company Core Scientific announced it will transform its mining site in Pecos, Texas, into a high-density AI-powered collaborative positioning data center with a planned total power capacity of 1.5GW, of which approximately 1GW will be available for lease. About 300MW of mining capacity at the site will be reallocated for data center operations. The foundation for the first data hall has been completed, and it is expected to be operational by early 2027. The company has already acquired over 200 acres of land in the area and plans to raise over $4 billion through the issuance of $3.3 billion in senior secured notes and a previously secured $1 billion credit line from Morgan Stanley to fund data center construction in Texas, Georgia, North Carolina, and Oklahoma.π³π³π³
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PayPal announced a strategic restructuring, consolidating its business into three core segments: Payments & Checkout and PayPal, Consumer Financial Services & Venmo, and Cryptocurrency & Payments Services. Cryptocurrency & Payments Services is designated as a core segment, encompassing Braintree, small and medium-sized merchant payment processing, value-added services, and the stablecoin PYUSD. Jeff Pomeroy has been appointed interim head of this segment. CEO Enrique Lores stated that the restructuring aims to accelerate the execution of growth strategies, streamline decision-making processes, and drive innovation.πππ
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Ethereum's official Twitter account retweeted on the X platform, announcing the official launch of the Ethereum Applications Guild (EAG). As a global non-profit collaborative organization, EAG aims to drive the development of the Ethereum application ecosystem, expanding from the infrastructure stage to the application layer. Its operations will focus on four main areas: real-world application deployment, cross-domain ecosystem network connectivity, the establishment of a unified evaluation and development framework, and the construction of a sustainable funding mechanism. It will support ecosystem growth through a membership contribution system based on institutional scale and a staking yield donation mechanism.πππ
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