> VISA, BLACKROCK AND COINBASE JOIN OPEN STANDARD’S NEW STABLECOIN OUSD
OPEN STANDARD ANNOUNCED OPEN USD (OUSD), A NEW STABLECOIN FOR GLOBAL PAYMENTS AND SETTLEMENT, WITH MORE THAN 140 COMPANIES JOINING ITS ECOSYSTEM, INCLUDING VISA, STRIPE, MASTERCARD, BLACKROCK, BNY, COINBASE, RIPPLE, GOOGLE, SHOPIFY, BYBIT, OKX AND SOLANA.
OUSD WILL USE A CONSORTIUM-GOVERNANCE MODEL, ALLOWING PARTNERS TO SHARE RESERVE EARNINGS AFTER A SMALL MANAGEMENT FEE AND PARTICIPATE IN GOVERNANCE RATHER THAN BEING CONTROLLED BY A SINGLE ISSUER. THE STABLECOIN WILL SUPPORT ZERO-FEE MINTING AND REDEMPTION, WITH NO ARTIFICIAL ISSUANCE LIMITS, AND IS EXPECTED TO GO LIVE LATER THIS YEAR. ZACH ABRAMS, CO-FOUNDER AND CEO OF STRIPE-OWNED BRIDGE, WILL SERVE AS OPEN STANDARD’S FOUNDING CEO.
FOLLOWING THE DEVELOPMENT, CRCL FELL NEARLY 13% INTRADAY TO $66.10. CIRCLE CO-FOUNDER AND CEO JEREMY ALLAIRE SAID STABLECOINS REPRESENT A KEY DIRECTION IN THE TRANSFORMATION OF INTERNET-BASED MONEY INFRASTRUCTURE. HE ADDED THAT USDC REMAINS ONE OF THE MOST WIDELY ADOPTED INSTITUTIONAL STABLECOINS, AND THAT CIRCLE WILL CONTINUE TO EXPAND THE USDC ECOSYSTEM, DEEPEN PARTNERSHIPS WITH BANKS, PAYMENT COMPANIES AND CAPITAL MARKETS FIRMS, AND SUPPORT THE GROWTH OF ADDITIONAL DOLLAR AND NON-DOLLAR STABLECOINS. — LINK
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OPEN STANDARD ANNOUNCED OPEN USD (OUSD), A NEW STABLECOIN FOR GLOBAL PAYMENTS AND SETTLEMENT, WITH MORE THAN 140 COMPANIES JOINING ITS ECOSYSTEM, INCLUDING VISA, STRIPE, MASTERCARD, BLACKROCK, BNY, COINBASE, RIPPLE, GOOGLE, SHOPIFY, BYBIT, OKX AND SOLANA.
OUSD WILL USE A CONSORTIUM-GOVERNANCE MODEL, ALLOWING PARTNERS TO SHARE RESERVE EARNINGS AFTER A SMALL MANAGEMENT FEE AND PARTICIPATE IN GOVERNANCE RATHER THAN BEING CONTROLLED BY A SINGLE ISSUER. THE STABLECOIN WILL SUPPORT ZERO-FEE MINTING AND REDEMPTION, WITH NO ARTIFICIAL ISSUANCE LIMITS, AND IS EXPECTED TO GO LIVE LATER THIS YEAR. ZACH ABRAMS, CO-FOUNDER AND CEO OF STRIPE-OWNED BRIDGE, WILL SERVE AS OPEN STANDARD’S FOUNDING CEO.
FOLLOWING THE DEVELOPMENT, CRCL FELL NEARLY 13% INTRADAY TO $66.10. CIRCLE CO-FOUNDER AND CEO JEREMY ALLAIRE SAID STABLECOINS REPRESENT A KEY DIRECTION IN THE TRANSFORMATION OF INTERNET-BASED MONEY INFRASTRUCTURE. HE ADDED THAT USDC REMAINS ONE OF THE MOST WIDELY ADOPTED INSTITUTIONAL STABLECOINS, AND THAT CIRCLE WILL CONTINUE TO EXPAND THE USDC ECOSYSTEM, DEEPEN PARTNERSHIPS WITH BANKS, PAYMENT COMPANIES AND CAPITAL MARKETS FIRMS, AND SUPPORT THE GROWTH OF ADDITIONAL DOLLAR AND NON-DOLLAR STABLECOINS. — LINK
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> BP DEPUTY CEO CAROL HOWLE TO RETIRE
BP: HOWLE TO RETIRE IN 3Q AFTER 26 YEARS WITH COMPANY
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BP: HOWLE TO RETIRE IN 3Q AFTER 26 YEARS WITH COMPANY
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> OPENAI ENGINEERS DEVELOPED NEW OPTIMIZATIONS CUTTING MODEL INFERENCE COSTS BY MORE THAN 50%, REQUIRING LESS NVIDIA CHIPS: THE INFORMATION
OPENAI MAY USE THESE SAVINGS TO LOWER API PRICING OR INCREASE USER QUERY LIMITS
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OPENAI MAY USE THESE SAVINGS TO LOWER API PRICING OR INCREASE USER QUERY LIMITS
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> PLUME AND FALCONX UNVEIL $1B RWA CREDIT FACILITY
FACILITATED THROUGH PARETO AND CURATED BY M11 CREDIT, THE VAULT PROVIDES EXPOSURE TO OVERCOLLATERALIZED LOANS ORIGINATED THROUGH THE FALCONX PRIME BROKERAGE PLATFORM. WITH A CAPACITY TO SCALE TO $1 BILLION, IT OPENS ACCESS AND EXPOSURE TO RWA STRATEGIES THROUGH COMPLIANT, PROGRAMMABLE VAULTS THAT WERE PREVIOUSLY INACCESSIBLE. — LINK
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FACILITATED THROUGH PARETO AND CURATED BY M11 CREDIT, THE VAULT PROVIDES EXPOSURE TO OVERCOLLATERALIZED LOANS ORIGINATED THROUGH THE FALCONX PRIME BROKERAGE PLATFORM. WITH A CAPACITY TO SCALE TO $1 BILLION, IT OPENS ACCESS AND EXPOSURE TO RWA STRATEGIES THROUGH COMPLIANT, PROGRAMMABLE VAULTS THAT WERE PREVIOUSLY INACCESSIBLE. — LINK
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> MORGAN STANLEY SEES MORE UPSIDE AFTER MIDDLE EAST CALM
MORGAN STANLEY SAYS THE MARKET ROTATION FOLLOWING EASING MIDDLE EAST TENSIONS STILL HAS ROOM TO RUN.
THE BANK SEES CATCH-UP OPPORTUNITIES IN SOUTH AFRICAN MINERS, UAE EQUITIES AND TURKISH BANKS, WHILE ENERGY AND CHEMICAL STOCKS HAVE LAGGED AS LOWER GEOPOLITICAL RISKS REDUCED DEMAND FOR OIL-LINKED SECTORS.
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MORGAN STANLEY SAYS THE MARKET ROTATION FOLLOWING EASING MIDDLE EAST TENSIONS STILL HAS ROOM TO RUN.
THE BANK SEES CATCH-UP OPPORTUNITIES IN SOUTH AFRICAN MINERS, UAE EQUITIES AND TURKISH BANKS, WHILE ENERGY AND CHEMICAL STOCKS HAVE LAGGED AS LOWER GEOPOLITICAL RISKS REDUCED DEMAND FOR OIL-LINKED SECTORS.
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> SPOT BTC ETFS ARE SET FOR THEIR WORST MONTH OF OUTFLOWS IN JUNE SINCE LAUNCHING IN JANUARY 2024, WITH OVER $4.1 BILLION LEAVING THE FUNDS — LINK
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> TRUMP HAILS SUPREME COURT RULING ON WOMEN'S SPORTS
PRESIDENT DONALD TRUMP WELCOMED A U.S. SUPREME COURT RULING AGAINST TRANSGENDER WOMEN COMPETING IN WOMEN'S SPORTS, CALLING IT A "BIG WIN" AND SAYING THE DECISION REMOVES THE ISSUE FROM THE TABLE.
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PRESIDENT DONALD TRUMP WELCOMED A U.S. SUPREME COURT RULING AGAINST TRANSGENDER WOMEN COMPETING IN WOMEN'S SPORTS, CALLING IT A "BIG WIN" AND SAYING THE DECISION REMOVES THE ISSUE FROM THE TABLE.
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> FAA PREPARES AIRCRAFT-TECHNOLOGY MANDATE AFTER D.C. MIDAIR CRASH, SOURCES SAY
FAA MANDATE UNDER DISCUSSION WOULD REQUIRE NEARLY ALL AIRCRAFT IN CIVILIAN AIRSPACE TO USE ADS-B SYSTEMS, SOURCES SAY
ADMINISTRATOR BRYAN BEDFORD HAS TASKED STAFFERS TO DRAFT MEASURE WHILE SAFETY LEGISLATION HAS STALLED IN CONGRESS, SOURCES SAY
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FAA MANDATE UNDER DISCUSSION WOULD REQUIRE NEARLY ALL AIRCRAFT IN CIVILIAN AIRSPACE TO USE ADS-B SYSTEMS, SOURCES SAY
ADMINISTRATOR BRYAN BEDFORD HAS TASKED STAFFERS TO DRAFT MEASURE WHILE SAFETY LEGISLATION HAS STALLED IN CONGRESS, SOURCES SAY
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> MAJOR FINANCIAL FIRMS INCLUDING VISA, MASTERCARD, BLACKROCK, COINBASE, AND AMERICAN EXPRESS TO LAUNCH JOINT CRYPTO STABLECOIN CALLED $OUSD.
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> - FED'S HAMMACK: IF CONSUMER DATA HOLDS UP FED POLICY MAY NOT BE RESTRICTIVE ENOUGH
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> WINTERMUTE: CRYPTO MARKET LOOKS MORE LIKE LATE-STAGE BEAR MARKET
WINTERMUTE SAID IN ITS LATEST REPORT THAT THE CRYPTO SELLOFF WAS DRIVEN BY THE FADING AI TRADE, NASDAQ WEAKNESS, A STRONGER DOLLAR AND HIGHER-FOR-LONGER RATE EXPECTATIONS. BTC FELL 5.9% THIS WEEK, BRIEFLY BREAKING BELOW $60,000 AND TOUCHING ITS 200-WEEK MOVING AVERAGE, WHILE ETH DROPPED 7.9%.
WINTERMUTE SAID SENTIMENT AND ON-CHAIN DATA SHOW CAPITULATION IS UNDERWAY, BUT ETF OUTFLOWS AND WEAK TREASURY/STABLECOIN BUYING SUGGEST THE MARKET HAS NOT YET CONFIRMED A BOTTOM. THE REPORT ALSO WARNED THAT NEW LIQUIDITY MAY FLOW INTO AI EQUITIES BEFORE CRYPTO, WHILE STRATEGY'S NEW BTC MONETIZATION FRAMEWORK SHOWS THE "PERMANENT BID" FROM TREASURY COMPANIES IS BECOMING CONDITIONAL. — LINK
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WINTERMUTE SAID IN ITS LATEST REPORT THAT THE CRYPTO SELLOFF WAS DRIVEN BY THE FADING AI TRADE, NASDAQ WEAKNESS, A STRONGER DOLLAR AND HIGHER-FOR-LONGER RATE EXPECTATIONS. BTC FELL 5.9% THIS WEEK, BRIEFLY BREAKING BELOW $60,000 AND TOUCHING ITS 200-WEEK MOVING AVERAGE, WHILE ETH DROPPED 7.9%.
WINTERMUTE SAID SENTIMENT AND ON-CHAIN DATA SHOW CAPITULATION IS UNDERWAY, BUT ETF OUTFLOWS AND WEAK TREASURY/STABLECOIN BUYING SUGGEST THE MARKET HAS NOT YET CONFIRMED A BOTTOM. THE REPORT ALSO WARNED THAT NEW LIQUIDITY MAY FLOW INTO AI EQUITIES BEFORE CRYPTO, WHILE STRATEGY'S NEW BTC MONETIZATION FRAMEWORK SHOWS THE "PERMANENT BID" FROM TREASURY COMPANIES IS BECOMING CONDITIONAL. — LINK
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> U.S. WEIGHS BAN ON FOREIGN SOLAR INVERTERS
THE TRUMP ADMINISTRATION IS DRAFTING A BAN ON FOREIGN SOLAR INVERTERS OVER FEARS CHINA COULD USE THEM TO DISRUPT U.S. POWER SUPPLIES.
THE FCC PROPOSAL COULD TARGET NEW FOREIGN INVERTER MODELS AND MAY BE PUBLISHED THIS YEAR.
THE MOVE FOLLOWS SIMILAR EUROPEAN ACTION AND REFLECTS GROWING U.S.-EU CONCERN OVER CHINESE TECHNOLOGY IN CRITICAL ENERGY INFRASTRUCTURE.
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THE TRUMP ADMINISTRATION IS DRAFTING A BAN ON FOREIGN SOLAR INVERTERS OVER FEARS CHINA COULD USE THEM TO DISRUPT U.S. POWER SUPPLIES.
THE FCC PROPOSAL COULD TARGET NEW FOREIGN INVERTER MODELS AND MAY BE PUBLISHED THIS YEAR.
THE MOVE FOLLOWS SIMILAR EUROPEAN ACTION AND REFLECTS GROWING U.S.-EU CONCERN OVER CHINESE TECHNOLOGY IN CRITICAL ENERGY INFRASTRUCTURE.
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> REPUBLICAN HARDLINERS BLOCK U.S. HOUSE MEASURE TO ADVANCE DEFENSE POLICY BILL IN PROTEST OVER TRUMP VOTER ID LEGISLATION
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