Author: 行政

Wall Street has found a use for blockchain that involves neither memecoins nor replacing the banking system. It’s now helping institutions borrow billions between breakfast and lunch, usually because they have government bonds but not enough cash when a payment comes due.Getting a bill paid on time might be the technology’s least glamorous selling point, but banks have good reasons to care.Broadridge, a financial technology company with little of crypto’s celebrity, says its distributed-ledger repo platform processed an average of $359 billion a day in September, or $7.5 trillion across the month.Its system helps institutions finance securities, move collateral, and…

Tether faces US Senate scrutiny over multimillion-dollar payments to a consulting firm co-owned by a former White House crypto adviser.On Oct. 22, Senator Richard Blumenthal, the ranking Democrat on the Senate Permanent Subcommittee on Investigations, demanded records on the stablecoin issuer’s reported payments to Nxum, a consulting firm co-founded by Bo Hines, who helped develop the Trump administration’s cryptocurrency policies.The inquiry follows reports that Tether sent more than $6 million to Nxum while Hines retained an ownership stake in the business and worked on legislation affecting the company’s operations. Hines subsequently left the White House and became chief executive of Tether’s…

Summary:The upgraded JST Buyback and Burn program features the following highlights:$50M Treasury Reserve Cushion: Establishes a safety buffer for sustainable ecosystem operations.Expanded Funding Sources: Integrates GasFree revenue alongside JustLend and USDD to cover 100% of JUST core products.~$20.34M Capital Injection: Unlocks legacy surplus funds to be released in phases for future buybacks.JUST DAO Execution: Complete on-chain execution with full transparency and open-source verification.Following its recent brand refresh on October 23, JUST—the flagship on-chain DeFi infrastructure on TRON—officially unveiled its upgraded JST Buyback & Burn initiative that strengthens the value-accrual framework of the native governance token. Building on previous funding sources…

Put €10,000 into Ethereum staking at a 2.2% annual return and, if ETH’s price stays unchanged, you’ll earn about €220 over a year.That’s just €7 more than the same amount would earn at the average rate on new euro household deposits with maturities up to one year, but with Ethereum’s price volatility attached to every cent of your investment.Investors are still lining up, though, with roughly 1.38 million ETH waiting to enter staking as of Oct. 23 and an estimated wait of 24 days and nine hours.Another 44.1 million ETH, more than 36% of the supply, is already staked to help…

New York Attorney General Letitia James asked a state court on Oct. 22 to order cryptocurrency investment company NovaTech, its founders Cynthia and Eddy Petion, and related companies to pay more than $1.3 billion, following a 2025 default ruling on liability.The filing seeks $1,367,023,585, including interest, in damages from the NovaTech fraud. It advances the state’s claim for victims, but does not establish that this sum has been awarded, collected or distributed.According to the filing, an Aug. 4, 2025 default order found the defendants liable and ordered investor damages and disgorgement, or the surrender of money obtained through the fraud.…

HSBC began rolling out RedCoin (RCHKD), its Hong Kong dollar stablecoin, on Oct. 23 through its PayMe payments app, letting eligible users send tokens to other users and pay merchants.The bank’s launch announcement puts PayMe’s reach at more than 3.3 million users and over 100,000 merchants. Wallet activation will continue over the coming days, so these figures reflect the network’s potential reach.Payments are the initial use case, while tokenized investment subscriptions through the separate HSBC HK App remain planned for later this year.PayMe users must meet the wallet’s eligibility requirements and activate a stablecoin wallet before converting Hong Kong dollars…

Tether’s October 20 announcement of an investment in AI computing company Tenstorrent extends CEO Paolo Ardoino’s push for user-controlled technology. Yet QVAC, the stablecoin issuer’s local AI platform, shows why buying a laptop will not save every user money.The constraint is usage. In one dense-model scenario, QVAC’s estimated output over a working month falls short of the volume needed to cover a new machine’s assumed cost against cheap cloud access. Existing device owners face a different calculation because they have no new purchase to recover.Tether announced its participation as part of its effort to give developers and businesses more control…

The Office of the Comptroller of the Currency (OCC) has dropped a proposed automatic seven-day stablecoin redemption extension, while defining timely redemption as the point at which the issuer sends the money.An issuer can meet its payment deadline before an outside bank makes the proceeds available.The OCC’s final GENIUS Act rule, issued Oct. 21 and effective Jan. 18, 2027, retains an ordinary ceiling of two business days following a qualifying stablecoin redemption request. The endpoint is fully processed payment initiation, or, if the customer requests it, a credit to an account with the issuer.The rule applies to issuers within the…

Aave has lowered the utilization threshold at which borrowing rates for Tether’s USDT rise sharply on its Ethereum Core market, making loans more expensive sooner as pool liquidity tightens.Using the supply balance in an Oct. 20 recommendation by DeFi risk service provider LlamaRisk, the shift corresponds to roughly 57.8 million USDT more modeled unborrowed liquidity at the threshold.The change was executed on Oct. 21 in Ethereum block 26,241,799. The threshold fell from 94% utilization, the share of borrowed pool liquidity, to 92%. Borrowers can still go beyond that point, but the rate climbs more sharply once they do.The trade-off for…

Britain’s financial watchdog warned that crypto trading apps could need regulatory approval if their software decides customer transactions.In draft guidance published Oct. 21, the Financial Conduct Authority (FCA) said applications that select trading venues or transaction routes based on assessments of price, liquidity, costs or execution speed may be arranging crypto deals, an activity requiring authorization under rules taking effect in October 2027.The interpretation could bring decentralized finance (DeFi) aggregators and automated trading interfaces within the UK’s licensing regime, potentially forcing operators to obtain regulatory permission or change how their software handles customer trades.The proposal forms part of the FCA’s…