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Circle, the issuer of the stablecoin USDC, announced (https://www1.hkej.com/dailynews/headline/article/3919349/USDC%25E7%2599%25BC%25E8%25A1%258C%25E5%2595%2586Circle%25E8%25AC%2580%25E6%2594%25BB%25E6%25B8%25AF) that Hong Kong is a key market for USDC. The company plans to expand its presence by hiring additional staff and establishing a local business in the region. Circle is currently awaiting the rollout of new stablecoin regulations in Hong Kong and is considering applying for a license. Hong Kong offers significant advantages for stablecoin development, such as same-day U.S. dollar settlement capabilities and status as the largest capital market in the Asia-Pacific region.
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The Bitcoin price has exceeded $71,500, just $2,000 below the all-time high of $73,737 recorded on March 14, 2024.
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The launch of the Sonic mainnet is scheduled for December 2024.
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The number of monthly active wallets on TON has reached a record high, exceeding 10 million.
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The seven-day moving average of Ethereum transaction fees has spiked to $3.52, marking a significant 314% increase from $0.85 on September 1. On the same day, September 21, Ethereum experienced a massive surge in daily ETH burning, reaching 1,360 ETH, up 1,600% from 80.27 ETH on September 1. Despite these increases, the number of active accounts on the Ethereum network has dropped to about 385,000, the lowest point of the year.
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The top five tokens on the TON chain — TON, USDT, CATI, NOT, and DOGS — have a significant number of addresses, with 19.39 million, 1.54 million, 1.09 million, 2.86 million, and 5 million addresses respectively. This large user base highlights the strong activity on the TON chain, especially when compared to Ethereum's top memecoin PEPE, which has only 280,000 addresses. The comparison underscores the scale of user adoption on the TON
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GTA 6
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Monerium has issued the first (https://x.com/noble_xyz/status/1836391529004355932) EU-regulated stablecoin on the Cosmos blockchain, named "EURe." This development marks a significant step in expanding regulated digital currencies within the Cosmos ecosystem.
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The TON Foundation and Curve Finance have partnered to incubate a new stable swap project on the TON blockchain. The initiative will use Curve's advanced CFMM technology to streamline stablecoin swaps, improve the user experience, and reduce price fluctuations during trades. Curve founder Michael Egorov will serve as an advisor to the project.
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WalletConnect is planning to launch its token, Connect (#WCT), and conduct an airdrop of 185 million WCT tokens.
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JUST IN 🗽 : 🇺🇸 Gunshots fired at Donald Trump's Golf Club, where he was golfing, but is currently safe
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Binance has revealed that its 59th Launchpool project is Catizen (CATI), a cat-themed game developed on the Telegram mini-program platform with backing from Binance Labs. This marks the fifth TON ecosystem token launched by Binance in recent times.
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The average fee for stablecoin transfers on L2 networks is $0.01. Currently, up to 7% of all stablecoin transactions are processed through L2 solutions, and this percentage is expected to rise as trust in L2 technology continues to grow.
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Nubank, the largest digital bank in Latin America, announced that it will discontinue its operations with its native cryptocurrency, Nucoin. Customers holding at least R$100 in Nucoins will be able to convert them into Bitcoin or USDC, as reported by Portal do Bitcoin.
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Polygon Labs and Fabric Cryptography have introduced custom ZK chips to accelerate the development of AggLayer. These chips are designed to enhance efficiency and speed in zero-knowledge proof processes, contributing to the advancement of AggLayer's capabilities.
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Tether, the issuer of USDT, has acquired a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million. This move is part of Tether's strategy to diversify its investments into the agriculture and food sectors. Adecoagro is a leading milk producer in Argentina and oversees more than 193,000 hectares of sugarcane in Brazil, producing both refined sugar and ethanol.
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Switzerland's fourth-largest bank, Cantonal Bank Zurich (ZKB), has introduced cryptocurrency trading and storage services, supporting Bitcoin and Ethereum. These services are seamlessly integrated into ZKB's existing platforms, such as electronic and mobile banking, allowing customers to trade cryptocurrencies 24/7.
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Binance will launch DOGS/USD futures (with 20x leverage) on September 10.
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