#Crypto_News๐ ๐ ๐
4,690 Bitcoin Transferred from Wallet to OKX, Valued at Over $300 Million
According to a report on July 25 based on Whale Alert data, 4,690 Bitcoinโvalued at approximately $300,586,912โwere transferred from an unknown wallet to OKX.๐ ๐ ๐
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4,690 Bitcoin Transferred from Wallet to OKX, Valued at Over $300 Million
According to a report on July 25 based on Whale Alert data, 4,690 Bitcoinโvalued at approximately $300,586,912โwere transferred from an unknown wallet to OKX.
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#Crypto_Newsโญ๏ธ โญ๏ธ โญ๏ธ
Bitdeer Maintains Zero Bitcoin Holdings After Selling 274.6 BTC This Week
On July 25, Nasdaq-listed Bitcoin mining company Bitdeer announced on X that it mined 274.6 BTC during the week ending July 24. During the same period, the company sold 274.6 BTC, resulting in a net holding increase of zero; its current Bitcoin holdings stand at zero.๐จ ๐จ ๐จ
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Bitdeer Maintains Zero Bitcoin Holdings After Selling 274.6 BTC This Week
On July 25, Nasdaq-listed Bitcoin mining company Bitdeer announced on X that it mined 274.6 BTC during the week ending July 24. During the same period, the company sold 274.6 BTC, resulting in a net holding increase of zero; its current Bitcoin holdings stand at zero.
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#Today's Headlines๐ฅ ๐ฅ ๐ฅ
1. Bitcoin falls below $64,000
2. Bitdeer maintains zero Bitcoin holdings after selling 274.6 BTC this week
3. Five-day net inflow streak ends; spot Ethereum ETFs saw a net outflow of $70.62 million yesterday
4. 4,690 BTC transferred from a wallet to OKX, valued at over $300 million
5. AFX Trade hacker begins swapping 655.4 ETH for 18.86 BTC via THORChain
6. Upbit to list MORPHO token in its KRW market
7. Analyst: Stablecoin inflows to exchanges hit lowest level since 2025, highlighting weak demand and lack of investor interest
8. Robinhood in talks with Crypto.com regarding a prediction market partnership
9. Capital Group increases stake in Bitcoin-reserve company Strive by $5.52 million
10. A "whale" opens a long position on 603.71 BTC with 40x leverage and places a $31.44 million limit buy order
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1. Bitcoin falls below $64,000
2. Bitdeer maintains zero Bitcoin holdings after selling 274.6 BTC this week
3. Five-day net inflow streak ends; spot Ethereum ETFs saw a net outflow of $70.62 million yesterday
4. 4,690 BTC transferred from a wallet to OKX, valued at over $300 million
5. AFX Trade hacker begins swapping 655.4 ETH for 18.86 BTC via THORChain
6. Upbit to list MORPHO token in its KRW market
7. Analyst: Stablecoin inflows to exchanges hit lowest level since 2025, highlighting weak demand and lack of investor interest
8. Robinhood in talks with Crypto.com regarding a prediction market partnership
9. Capital Group increases stake in Bitcoin-reserve company Strive by $5.52 million
10. A "whale" opens a long position on 603.71 BTC with 40x leverage and places a $31.44 million limit buy order
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#Today's Headlines๐ฅ ๐ฅ ๐ฅ
1. Coinbase Bitcoin negative premium has persisted for 67 days
2. Total market cap of tokenized U.S. Treasury funds has surpassed $15 billion
3. Cumulative on-chain transactions on Robinhood Chain have exceeded 150 million
4. Cumulative trading volume of tokenized stocks on Solana has surpassed $8 billion
5. Over 1 billion JUP tokens have been staked on Jupiter, representing approximately 15% of the total token supply
6. Upbit to list EUL tokens in the KRW market
7. CZ: Long-term investors can adopt a dollar-cost averaging (DCA) strategy and buy in batches
8. Samsung Electronics and SK Hynix secure $950 billion partnership projects with global tech giants
9. SK Group to partner with Anthropic on a gigawatt-scale AI data center project in South Korea
10. Bitdeerโs June mining output reached 990 BTC, setting a new all-time high
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1. Coinbase Bitcoin negative premium has persisted for 67 days
2. Total market cap of tokenized U.S. Treasury funds has surpassed $15 billion
3. Cumulative on-chain transactions on Robinhood Chain have exceeded 150 million
4. Cumulative trading volume of tokenized stocks on Solana has surpassed $8 billion
5. Over 1 billion JUP tokens have been staked on Jupiter, representing approximately 15% of the total token supply
6. Upbit to list EUL tokens in the KRW market
7. CZ: Long-term investors can adopt a dollar-cost averaging (DCA) strategy and buy in batches
8. Samsung Electronics and SK Hynix secure $950 billion partnership projects with global tech giants
9. SK Group to partner with Anthropic on a gigawatt-scale AI data center project in South Korea
10. Bitdeerโs June mining output reached 990 BTC, setting a new all-time high
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#HotTopicAnalysis๐ฅ ๐ฅ ๐ฅ
Robinhood Chain Sees Surge in Tokenized RWAs; On-Chain Stock Trading Accelerates
According to CoinDesk, the market for tokenized Real-World Assets (RWAs) on Robinhood Chain has experienced rapid growth recently; the volume of on-chain assets has risen to approximately $70 millionโa roughly fivefold increase in less than two weeks.โญ๏ธ โญ๏ธ โญ๏ธ
Robinhood Chain officially launched on July 1, positioned as a new blockchain platform designed to support on-chain stock and ETF trading. While early ecosystem activity focused primarily on meme coin trading, the market for tokenized stock trading has begun to heat up rapidly as the infrastructure matures.๐ฅ ๐ฅ ๐ฅ
Ecosystem metrics for Robinhood Chain continue to climb: Total Value Locked (TVL) has roughly tripled since mid-July, reaching $312 million, while daily DEX trading volume exceeds $600 million. As traditional financial assets are increasingly brought on-chain, RWAs are emerging as a vital bridge connecting traditional markets with the blockchain world. The rapid growth of Robinhood Chain suggests that on-chain stock trading could become a key development trajectory for Web3 finance.๐ ๐ ๐
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Robinhood Chain Sees Surge in Tokenized RWAs; On-Chain Stock Trading Accelerates
According to CoinDesk, the market for tokenized Real-World Assets (RWAs) on Robinhood Chain has experienced rapid growth recently; the volume of on-chain assets has risen to approximately $70 millionโa roughly fivefold increase in less than two weeks.
Robinhood Chain officially launched on July 1, positioned as a new blockchain platform designed to support on-chain stock and ETF trading. While early ecosystem activity focused primarily on meme coin trading, the market for tokenized stock trading has begun to heat up rapidly as the infrastructure matures.
Ecosystem metrics for Robinhood Chain continue to climb: Total Value Locked (TVL) has roughly tripled since mid-July, reaching $312 million, while daily DEX trading volume exceeds $600 million. As traditional financial assets are increasingly brought on-chain, RWAs are emerging as a vital bridge connecting traditional markets with the blockchain world. The rapid growth of Robinhood Chain suggests that on-chain stock trading could become a key development trajectory for Web3 finance.
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#Project Overview๐ฅ ๐ฅ ๐ฅ
CryptoPulse: Building a New Ecosystem for Web3 Content Value Circulation
Powered by AI technology, CryptoPulse is a next-generation Web3 content platform that bridges content, community, and value, driving the evolution of information creation in the digital age. Through intelligent tools, the platform empowers users to identify industry trends, uncover high-potential opportunities, and produce high-quality content; this transforms content from a mere vehicle for information dissemination into a vital medium for connecting ecosystem participants and generating value.โญ๏ธ โญ๏ธ โญ๏ธ
Unlike traditional platforms that build content systems centered on traffic distribution, CryptoPulse prioritizes the long-term accumulation of content value and ecosystem synergy. By integrating AI-driven analysis, community-based evaluation mechanisms, and on-chain incentive models, the platform establishes a complete closed-loop systemโspanning content creation, user interaction, and value feedbackโthat ensures high-quality content receives sustained recognition and contributors earn fairer rewards.โญ๏ธ โญ๏ธ โญ๏ธ
At CryptoPulse, AI drives the intelligent evolution of the content ecosystem, the community fosters value consensus, and on-chain mechanisms ensure transparent value flow resulting from contributions. Content serves as a crucial bridge connecting users, projects, and the ecosystem, collectively propelling the Web3 content landscape toward a future defined by openness, intelligence, and sustainability.๐ ๐ ๐
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CryptoPulse: Building a New Ecosystem for Web3 Content Value Circulation
Powered by AI technology, CryptoPulse is a next-generation Web3 content platform that bridges content, community, and value, driving the evolution of information creation in the digital age. Through intelligent tools, the platform empowers users to identify industry trends, uncover high-potential opportunities, and produce high-quality content; this transforms content from a mere vehicle for information dissemination into a vital medium for connecting ecosystem participants and generating value.
Unlike traditional platforms that build content systems centered on traffic distribution, CryptoPulse prioritizes the long-term accumulation of content value and ecosystem synergy. By integrating AI-driven analysis, community-based evaluation mechanisms, and on-chain incentive models, the platform establishes a complete closed-loop systemโspanning content creation, user interaction, and value feedbackโthat ensures high-quality content receives sustained recognition and contributors earn fairer rewards.
At CryptoPulse, AI drives the intelligent evolution of the content ecosystem, the community fosters value consensus, and on-chain mechanisms ensure transparent value flow resulting from contributions. Content serves as a crucial bridge connecting users, projects, and the ecosystem, collectively propelling the Web3 content landscape toward a future defined by openness, intelligence, and sustainability.
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#Crypto_News๐ฅ ๐ฅ ๐ฅ
Cryptocurrency remittances to El Salvador account for just 0.7% of the total but show a 39.1% year-over-year increase.
News.bitcoin reported on July 26 that data released by the Central Bank of El Salvador shows $35.4 million in external remittances entered the country via digital currency channels during the first half of 2026.๐จ ๐จ ๐จ
This figure represents only 0.7% of the country's total incoming remittances (exceeding $5 billion) for that period. Nevertheless, the volume of cryptocurrency remittances remains significantly higher than in the first half of 2025โwhen the figure stood at $25.4 millionโmarking a 39.1% increase.โญ๏ธ โญ๏ธ โญ๏ธ
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Cryptocurrency remittances to El Salvador account for just 0.7% of the total but show a 39.1% year-over-year increase.
News.bitcoin reported on July 26 that data released by the Central Bank of El Salvador shows $35.4 million in external remittances entered the country via digital currency channels during the first half of 2026.
This figure represents only 0.7% of the country's total incoming remittances (exceeding $5 billion) for that period. Nevertheless, the volume of cryptocurrency remittances remains significantly higher than in the first half of 2025โwhen the figure stood at $25.4 millionโmarking a 39.1% increase.
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#Crypto_News๐ฅ ๐ฅ ๐ฅ
Arthur Hayes Increases ETH Holdings by Another $1.2 Million
On July 26, on-chain analyst "Ai Yi" reported that Arthur Hayes has once again increased his ETH holdings by $1.2 million. Eight hours ago, he received 644.723 ETH from FalconXโa transaction matching the amount of USDC he had deposited three days prior, strongly suggesting a purchase. Since July 15, he has accumulated 3,914.84 ETH through various market makers and exchanges at an average price of $1,908.86, currently sitting on an unrealized loss of $113,000.๐จ ๐จ ๐จ
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Arthur Hayes Increases ETH Holdings by Another $1.2 Million
On July 26, on-chain analyst "Ai Yi" reported that Arthur Hayes has once again increased his ETH holdings by $1.2 million. Eight hours ago, he received 644.723 ETH from FalconXโa transaction matching the amount of USDC he had deposited three days prior, strongly suggesting a purchase. Since July 15, he has accumulated 3,914.84 ETH through various market makers and exchanges at an average price of $1,908.86, currently sitting on an unrealized loss of $113,000.
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#Today's Headlines๐ฅ ๐ฅ ๐ฅ
1. Total global stock market capitalization has risen to 137% of global GDP, nearing an all-time high.
2. AFX Trade hackers have converted 12,467 ETH into BTC.
3. Arthur Hayes has increased his ETH holdings by another $1.2 million.
4. The founder of MSX has expressed interest in acquiring the exchange BitMart and plans to eliminate fees for spot and contract trading.
5. The number of signatories to the open letter advocating for "open-weight models" led by Nvidia has doubled to 50, with Google and others joining.
6. South Korea's pension fund has shifted to a net buyer position on the KOSPI for the first time this year, holding a significant stake in SK Hynix.
7. Cathie Wood: Tesla and SpaceX are her top picks among AI-related stocks.
8. RootData: The number of "dead" projects in the crypto industry has reached 99.
9. Cryptocurrency remittances in El Salvador account for only 0.7% of the total volume but have grown by 39.1% year-over-year.
10. SUI has fallen 82.8% from its all-time high; 13.72 million tokens, valued at $9.76 million, are scheduled to unlock on August 1.
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1. Total global stock market capitalization has risen to 137% of global GDP, nearing an all-time high.
2. AFX Trade hackers have converted 12,467 ETH into BTC.
3. Arthur Hayes has increased his ETH holdings by another $1.2 million.
4. The founder of MSX has expressed interest in acquiring the exchange BitMart and plans to eliminate fees for spot and contract trading.
5. The number of signatories to the open letter advocating for "open-weight models" led by Nvidia has doubled to 50, with Google and others joining.
6. South Korea's pension fund has shifted to a net buyer position on the KOSPI for the first time this year, holding a significant stake in SK Hynix.
7. Cathie Wood: Tesla and SpaceX are her top picks among AI-related stocks.
8. RootData: The number of "dead" projects in the crypto industry has reached 99.
9. Cryptocurrency remittances in El Salvador account for only 0.7% of the total volume but have grown by 39.1% year-over-year.
10. SUI has fallen 82.8% from its all-time high; 13.72 million tokens, valued at $9.76 million, are scheduled to unlock on August 1.
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#CryptoMorningBrief๐ ๐ ๐
1. BTC breaks through $65,500
2. Polymarket odds show a 75% probability of a ceasefire agreement between the US and Iran by August 31, 2026
3. CME Group to launch single-stock futures for over 50 popular US stocks
4. Nvidia to acquire a $1 billion stake in South Korean internet portal operator Naver
5. BitMart processed no single withdrawals exceeding $25,000 in the past 24 hours
6. Monad announces reduction of block time to 300 milliseconds
7. BNY Mellon plans to launch a 24/7 tokenized US Treasury settlement service by 2027
8. Hyperliquid generated $537,400 in fee revenue over the past 24 hours
9. Aptos: Decibelโs cumulative trading volume has surpassed $5 billion
10. Lido completes stETH rebase correction
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1. BTC breaks through $65,500
2. Polymarket odds show a 75% probability of a ceasefire agreement between the US and Iran by August 31, 2026
3. CME Group to launch single-stock futures for over 50 popular US stocks
4. Nvidia to acquire a $1 billion stake in South Korean internet portal operator Naver
5. BitMart processed no single withdrawals exceeding $25,000 in the past 24 hours
6. Monad announces reduction of block time to 300 milliseconds
7. BNY Mellon plans to launch a 24/7 tokenized US Treasury settlement service by 2027
8. Hyperliquid generated $537,400 in fee revenue over the past 24 hours
9. Aptos: Decibelโs cumulative trading volume has surpassed $5 billion
10. Lido completes stETH rebase correction
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#CryptoNewsโก๏ธ โก๏ธ โก๏ธ
Sberbank Plans to Build Cryptocurrency Trading Infrastructure by December
On July 27, Cointelegraph reported that Sberbank, Russia's largest bank, plans to establish cryptocurrency trading infrastructureโincluding a digital repositoryโby December 1 at the latest. This move comes as Russia integrates cryptocurrency trading, custody, and settlement into its regulated financial system. The digital repository will record cryptocurrency ownership and process the majority of transactions off-chain. Sberbank will operate active wallets, enabling customers to make deposits, withdrawals, and transfers.๐ก ๐ก ๐ก
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Sberbank Plans to Build Cryptocurrency Trading Infrastructure by December
On July 27, Cointelegraph reported that Sberbank, Russia's largest bank, plans to establish cryptocurrency trading infrastructureโincluding a digital repositoryโby December 1 at the latest. This move comes as Russia integrates cryptocurrency trading, custody, and settlement into its regulated financial system. The digital repository will record cryptocurrency ownership and process the majority of transactions off-chain. Sberbank will operate active wallets, enabling customers to make deposits, withdrawals, and transfers.
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#MarketInsight๐ช ๐ช ๐ช
XRP Spot ETFs Continue to Attract Capital; Cumulative Net Inflows Surpass $1.4 Billion
According to data from SoSoValue, XRP spot ETFs continued to see capital inflows last week, recording a weekly net inflow of $8.1526 million. This indicates a growing demand among institutional investors for XRP asset allocation.๐ช ๐ช ๐ช
Notably, Franklin Templetonโs XRPZ ETF led the performance, recording a weekly net inflow of $5.6617 million and bringing its cumulative historical net inflow to $421 million. Meanwhile, the Bitwise XRP ETF saw a net inflow of $2.4909 million during the same period, raising its cumulative net inflow to $501 million.๐ฅ ๐ฅ ๐ฅ
To date, the total net asset value of XRP spot ETFs has reached $997 million, with ETF assets accounting for approximately 1.46% of XRPโs total market capitalization; cumulative historical net inflows have surpassed $1.49 billion. As traditional financial institutions continue to expand into crypto assets, XRP ETFs are emerging as a vital bridge connecting institutional capital with the digital asset market, further heightening market interest in XRP's long-term value.๐ช ๐ช ๐ช
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XRP Spot ETFs Continue to Attract Capital; Cumulative Net Inflows Surpass $1.4 Billion
According to data from SoSoValue, XRP spot ETFs continued to see capital inflows last week, recording a weekly net inflow of $8.1526 million. This indicates a growing demand among institutional investors for XRP asset allocation.
Notably, Franklin Templetonโs XRPZ ETF led the performance, recording a weekly net inflow of $5.6617 million and bringing its cumulative historical net inflow to $421 million. Meanwhile, the Bitwise XRP ETF saw a net inflow of $2.4909 million during the same period, raising its cumulative net inflow to $501 million.
To date, the total net asset value of XRP spot ETFs has reached $997 million, with ETF assets accounting for approximately 1.46% of XRPโs total market capitalization; cumulative historical net inflows have surpassed $1.49 billion. As traditional financial institutions continue to expand into crypto assets, XRP ETFs are emerging as a vital bridge connecting institutional capital with the digital asset market, further heightening market interest in XRP's long-term value.
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#Crypto News๐ช ๐ช ๐ช
US Fast-Food Chain Steak n Shake: Bitcoin Payments to Be Added to Strategic Bitcoin Reserve
On July 27, the US fast-food chain Steak n Shake announced via Twitter that Bitcoin payments would be added to its strategic Bitcoin reserve. "The savings on processing feesโcompared to credit cardsโallow us to reinvest funds into enhancing the quality of our products and services. The loyalty of Bitcoin users is unmatched."๐ ๐ ๐
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US Fast-Food Chain Steak n Shake: Bitcoin Payments to Be Added to Strategic Bitcoin Reserve
On July 27, the US fast-food chain Steak n Shake announced via Twitter that Bitcoin payments would be added to its strategic Bitcoin reserve. "The savings on processing feesโcompared to credit cardsโallow us to reinvest funds into enhancing the quality of our products and services. The loyalty of Bitcoin users is unmatched."
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#Project Overview๐ ๐ ๐
CryptoPulse: An AI-Powered, Next-Generation Web3 Community Operating System
In the Web3 era, communities have become the core engine of project growth. CryptoPulse is an all-in-one, AI-driven crypto social media platform that connects project teams, creators, and KOLs with global users, enabling Web3 projects to achieve end-to-end upgradesโspanning content dissemination and user engagement to community expansion.๐ฑ ๐ฑ ๐ฑ
By integrating features such as real-time crypto news, intelligent content creation, AI community assistants, on-chain wallets, and a project hub, CryptoPulse delivers a highly efficient and smart Web3 experience. Project teams can rapidly establish official communities and manage AMAs, airdrops, events, and user incentive programs without the need to build complex infrastructure.๐ฃ ๐ฃ ๐ฃ
Looking ahead, CryptoPulse aims to become a "super app" for the Web3 world, empowering every project and user to connect and grow within an open, intelligent, and efficient decentralized social ecosystem.๐ด ๐ด ๐ด
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CryptoPulse: An AI-Powered, Next-Generation Web3 Community Operating System
In the Web3 era, communities have become the core engine of project growth. CryptoPulse is an all-in-one, AI-driven crypto social media platform that connects project teams, creators, and KOLs with global users, enabling Web3 projects to achieve end-to-end upgradesโspanning content dissemination and user engagement to community expansion.
By integrating features such as real-time crypto news, intelligent content creation, AI community assistants, on-chain wallets, and a project hub, CryptoPulse delivers a highly efficient and smart Web3 experience. Project teams can rapidly establish official communities and manage AMAs, airdrops, events, and user incentive programs without the need to build complex infrastructure.
Looking ahead, CryptoPulse aims to become a "super app" for the Web3 world, empowering every project and user to connect and grow within an open, intelligent, and efficient decentralized social ecosystem.
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#TrendingToday๐ฅ ๐ฅ ๐ฅ
1. A "whale" purchased 18,030 ETH using 35.85 million DAI half an hour ago.
2. Futu Securities announces the official launch of South Korean stock trading.
3. A new draft of the CLARITY Act has been released, incorporating ethical provisions for the first time.
4. Binance Wallet's "Meme Rush" adds support for four on-chain protocols from Robinhood.
5. Changxin Technology closed 465.82% higher on its first day of trading.
6. Hyperliquid testnet adds "stars" functionality, allowing deployers to create whitelisted DEXs for trading.
7. Listed internet company The9 holds 1,686.39 BTC.
8. Binance to distribute Nokia (NOK) dividends via bStocks.
9. Japan's 10-year government bond yield fell 6 basis points to 2.755%.
10. AMD to establish an AI research center in South Korea to build an open AI infrastructure ecosystem.
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1. A "whale" purchased 18,030 ETH using 35.85 million DAI half an hour ago.
2. Futu Securities announces the official launch of South Korean stock trading.
3. A new draft of the CLARITY Act has been released, incorporating ethical provisions for the first time.
4. Binance Wallet's "Meme Rush" adds support for four on-chain protocols from Robinhood.
5. Changxin Technology closed 465.82% higher on its first day of trading.
6. Hyperliquid testnet adds "stars" functionality, allowing deployers to create whitelisted DEXs for trading.
7. Listed internet company The9 holds 1,686.39 BTC.
8. Binance to distribute Nokia (NOK) dividends via bStocks.
9. Japan's 10-year government bond yield fell 6 basis points to 2.755%.
10. AMD to establish an AI research center in South Korea to build an open AI infrastructure ecosystem.
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#Today's Headlines๐ฅ ๐ฅ ๐ฅ
1. Bitcoin falls below $64,000
2. Ondo launches a new execution network, Ondo Network, replacing the original Ondo link diagram.
3. Franklin Templeton publicly supports the Clarity Act, calling for clearer regulations for the industry.
4. Cryptocurrency-supporting bank Cross River will provide P2P payment and banking services to X Money.
5. Arthur Hayes spends $6.32 million USDC to buy 3,298 ETH in an over-the-counter transaction.
6. Grayscale: HYPE ETF inflows accelerate, outperforming BTC, SOL, and XRP during the same period.
7. Apple's market capitalization surpasses Nvidia, regaining its title as the world's most valuable company.
8. 4 hours ago, Bitmine received 7,500 ETH from BitGo, worth approximately $14.61 million.
9. Nvidia invests billions of dollars in AI startup Safe Superintelligence, reaching a long-term cooperation agreement.
10. Bitmine continues to increase its ETH holdings this week, receiving ETH from BitGo 4 hours ago. 7,500 ETH
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1. Bitcoin falls below $64,000
2. Ondo launches a new execution network, Ondo Network, replacing the original Ondo link diagram.
3. Franklin Templeton publicly supports the Clarity Act, calling for clearer regulations for the industry.
4. Cryptocurrency-supporting bank Cross River will provide P2P payment and banking services to X Money.
5. Arthur Hayes spends $6.32 million USDC to buy 3,298 ETH in an over-the-counter transaction.
6. Grayscale: HYPE ETF inflows accelerate, outperforming BTC, SOL, and XRP during the same period.
7. Apple's market capitalization surpasses Nvidia, regaining its title as the world's most valuable company.
8. 4 hours ago, Bitmine received 7,500 ETH from BitGo, worth approximately $14.61 million.
9. Nvidia invests billions of dollars in AI startup Safe Superintelligence, reaching a long-term cooperation agreement.
10. Bitmine continues to increase its ETH holdings this week, receiving ETH from BitGo 4 hours ago. 7,500 ETH
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#Hot Topic Analysis๐ฅ ๐ฅ ๐ฅ
X Money Receives Bank Infrastructure Support, Accelerating its Financial Expansion as a Super App
On July 28th, crypto-friendly banking service provider Cross River will provide X Money with core banking infrastructure, supporting peer-to-peer payments, FDIC insurance interest-bearing accounts, and Visa debit card services. This collaboration will help X improve its financial services system, laying the foundation for future expansion into more payment and financial products, and further propelling X towards becoming a "super app."๐ ๐ ๐
From an industry perspective, social platforms expanding into financial services has become a significant trend. Leveraging mature banking infrastructure, X Money can lower the barriers to financial service implementation, improve payment efficiency and user experience, and enhance platform user stickiness. While this collaboration does not yet involve cryptocurrency or stablecoin functionality, its payment system construction may leave room for future integration of more digital asset services.๐จ ๐จ ๐จ
Currently, X Money has entered a phased testing phase and has obtained money transfer licenses in over 40 US states, while also completing FinCEN registration, providing a compliance foundation for its peer-to-peer payment business. As social, payment, and financial services continue to integrate, technology companies are accelerating the construction of comprehensive digital economy ecosystems, and X's financial strategy will continue to attract market attention.๐ ๐ ๐
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X Money Receives Bank Infrastructure Support, Accelerating its Financial Expansion as a Super App
On July 28th, crypto-friendly banking service provider Cross River will provide X Money with core banking infrastructure, supporting peer-to-peer payments, FDIC insurance interest-bearing accounts, and Visa debit card services. This collaboration will help X improve its financial services system, laying the foundation for future expansion into more payment and financial products, and further propelling X towards becoming a "super app."
From an industry perspective, social platforms expanding into financial services has become a significant trend. Leveraging mature banking infrastructure, X Money can lower the barriers to financial service implementation, improve payment efficiency and user experience, and enhance platform user stickiness. While this collaboration does not yet involve cryptocurrency or stablecoin functionality, its payment system construction may leave room for future integration of more digital asset services.
Currently, X Money has entered a phased testing phase and has obtained money transfer licenses in over 40 US states, while also completing FinCEN registration, providing a compliance foundation for its peer-to-peer payment business. As social, payment, and financial services continue to integrate, technology companies are accelerating the construction of comprehensive digital economy ecosystems, and X's financial strategy will continue to attract market attention.
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#Crypto_News๐ ๐ ๐
Gen Z users account for nearly half of Binance's new TradFi users, with annual trading volume reaching $80 billion.
On July 28, Binance Research data showed that Gen Z users account for 47% of Binance's new traditional finance (TradFi) users, with a cumulative annual trading volume of $80 billion.๐ ๐ ๐
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Gen Z users account for nearly half of Binance's new TradFi users, with annual trading volume reaching $80 billion.
On July 28, Binance Research data showed that Gen Z users account for 47% of Binance's new traditional finance (TradFi) users, with a cumulative annual trading volume of $80 billion.
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