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Yunfeng Financial Group (0376) joined the ranks of publicly listed firms to adopt an ether treasury strategy, buying 10,000 ETH for $44 million.Hong Kong-based Yunfeng Financial, a provider of financial…
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In brief
Jack Dorsey's Block has released a new Bitcoin mining rig, aiming to disrupt the market.
The machine is supposed to cut costs for miners because it has swappable parts.
Dorsey…
In brief
Block purchased 108 BTC during Q2 with a cost basis of $11 million.
Its total bitcoin investment is now valued at $1.15 billion, with $2.14 billion coming from Bitcoin sales…
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The international arm of Ant Group, the company backed by Alibaba founder Jack Ma, plans to bring Circle’s USDC stablecoin onto its proprietary blockchain.The rollout will start once U.S. regulators…
In brief
Ant Group plans to integrate Circle's USDC stablecoin into its blockchain platform serving 1.6 billion users.
Integration timeline depends on USDC achieving full U.S. compliance after GENIUS Act passage.
Ant focuses…
Key Points:Jack Zhang questions stablecoin utility, focusing on distribution over technology.Stablecoins seen as Internet currency, not global payment solutions.Regulatory clarity is crucial for stablecoin adoption in fintech.
Jack Zhang, co-founder of…
Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms.Ant International, a Singapore-based unit of the Jack…