BTC $84,841.11 -0.78%
ETH $2,681.04 -0.83%
BNB $776.72 +0.34%
XRP $1.49 -1.33%
SOL $119.52 -0.44%
TRX $0.3366 +0.34%
DOGE $0.0932 -1.97%
ADA $0.2452 -2.72%
BCH $313.44 +0.40%
LINK $13.84 -2.85%
HYPE $88.78 -0.53%
AAVE $179.91 -1.46%
SUI $1.17 +0.55%
XLM $0.2142 -3.33%
ZEC $1,297.64 -4.95%
AAPL $333.13 +0.28%
AMZN $251.80 +0.39%
GOOGL $342.71 +0.11%
MSFT $517.29 +0.31%
META $728.03 -0.47%
NVDA $234.39 -0.30%
TSLA $370.79 -0.57%
SNDK $1,715.83 -0.25%
INTC $118.05 -3.44%
SPCX $159.00 +1.25%
MU $1,069.54 -0.66%
AMD $631.75 -0.56%
BTC $84,841.11 -0.78%
ETH $2,681.04 -0.83%
BNB $776.72 +0.34%
XRP $1.49 -1.33%
SOL $119.52 -0.44%
TRX $0.3366 +0.34%
DOGE $0.0932 -1.97%
ADA $0.2452 -2.72%
BCH $313.44 +0.40%
LINK $13.84 -2.85%
HYPE $88.78 -0.53%
AAVE $179.91 -1.46%
SUI $1.17 +0.55%
XLM $0.2142 -3.33%
ZEC $1,297.64 -4.95%
AAPL $333.13 +0.28%
AMZN $251.80 +0.39%
GOOGL $342.71 +0.11%
MSFT $517.29 +0.31%
META $728.03 -0.47%
NVDA $234.39 -0.30%
TSLA $370.79 -0.57%
SNDK $1,715.83 -0.25%
INTC $118.05 -3.44%
SPCX $159.00 +1.25%
MU $1,069.54 -0.66%
AMD $631.75 -0.56%

temp

All
Article
Flash

first_img Franklin Templeton expands tokenized collateral services to Bybit

According to CoinDesk, Franklin Templeton has expanded its "Over-the-Counter Collateral Program" to Bybit, allowing users of the exchange to use their tokenized money market fund shares for cryptocurrency trading. Users can use the shares as collateral to borrow stablecoins USDT or USDC, while the underlying assets continue to generate returns. The relevant shares represent approximately $686 million in net assets.The underlying assets will not be transferred to Bybit but will be held off-chain by the regulated custody platform ByCustody, with their value mirrored in the Bybit trading environment, thereby generating returns while releasing trading liquidity. The shares are issued through the Benji technology platform, which is Franklin Templeton's proprietary blockchain-integrated record-keeping and transfer agency infrastructure, currently paying an annualized return of 3.7% based on the latest 7-day interest rate.This is not Franklin Templeton's first foray into over-the-counter collateral partnerships, as it has previously offered tokenized money market funds to Binance and OKX clients. Sandy Kaul, Head of Digital Assets and Innovation at Franklin Templeton, stated that investors can now use collateral more efficiently across major exchanges and earn returns from it, which is crucial for ecosystem growth. This expansion also reflects industry trends, with platforms like Crypto.com and Deribit allowing qualified users to use BlackRock's BUIDL fund as trading collateral.

Cosmos Hub: 1.227 million ATOM has been recovered from the Neutron attack case, with funds temporarily stored at a 4/6 multi-signature address

Cosmos Labs disclosed that on September 22, Neutron encountered a governance attack that led to the theft of liquidity from protocols such as Astroport, with approximately 1.73 million ATOM subsequently transferred by the attacker to Cosmos Hub. The Cosmos Hub itself was not attacked, and user funds were not affected. To prevent the stolen ATOM from being transferred out, Hub validators temporarily paused the network for about 24.5 hours and resumed block production on September 23 based on the patched Gaia v28.3.0.Cosmos Labs stated that during the pause, 1.227 million ATOM remained in the attacker's Hub address. When the network was restored, these were transferred to a 4/6 multi-signature address composed of Nansen, Keplr, Enigma, Silknodes, Kiln, and Polkachu through a one-time change. Previously, about 500,000 ATOM had been exchanged for ETH via THORChain and could not be recovered; another 169,000 ATOM entered the attacker's address after the network was restored due to THORChain refunds and were sold after being transferred to Osmosis. The current multi-signature address holds approximately 1.227 million ATOM, which can only be returned after authorization from a Cosmos Hub governance proposal. The related funds will not be staked, lent, or traded. The Neutron team expects to submit a recovery plan and related governance proposals next week.

Huobi HTX Chief Analyst Cloud: Bitcoin's rebound has seen spot buying support, and its sustainability depends on ETF inflows and leverage temperature

Huobi HTX Chief Analyst Cloud stated that Bitcoin quickly rebounded after hitting the bottom under the dual pressure of interest rate hikes and the obstruction of the Clear Act, with a weekly increase of about 16%, rising to $87,307 during trading on September 21 (Huobi HTX spot price), reaching a new high since January. This round of increase is driven by three forces: the net inflow of about $1 billion into the U.S. spot Bitcoin ETF on September 21, the largest single day of the year; short positions being liquidated for about $650 million within 24 hours; and falling oil prices leading to a cooling of inflation expectations. Compared to last week's rebound, which was mainly driven by passive replenishment, this week saw a relay of spot buying.Whether the trend can continue depends on two points: whether ETF inflows can shift from a single-day pulse to a continuous trend, and whether leverage can be maintained at a non-overheated level. Currently, the funding rate is about 0.01%, in a neutral range, but the open interest of Bitcoin contracts has risen above $61 billion. If the capital weakens, high leverage will amplify the pullback. Market sentiment has entered an extreme greed zone, which historically has often been a precursor signal for short-term trend reversals. Technically, $87,500 is the resistance above, while the first support zone is between $84,000 and $85,000. The trend has conditions for continuation, but the highest risk of short-term volatility also occurs during the hottest phase of sentiment.Note: The content of this article is not investment advice and does not constitute any offer, solicitation, or recommendation of investment products.

first_img Ripple's new developer toolkit supports the AI payment standards of Stripe and Tempo

Ripple announced the expansion of its XRP Ledger developer suite to support the Machine Payment Protocol (MPP) co-developed by Stripe and Tempo, as well as the open wallet standard. The XRPL AI Starter Kit version 1.1 adds this support, enabling AI agents to use tokens like XRP and RLUSD to pay for online services such as data and computing power. Jazzi Cooper, head of RippleX products, stated that Ripple's goal is for XRP and RLUSD to become the preferred payment options for developers when building applications.MPP allows AI agents to pay on demand: the service provider quotes a price for the request, and after the agent authorizes the payment, the service provider delivers the resources. This standard was co-authored by payment company Stripe and payment chain Tempo. Ripple has supported another network payment standard, x402, since June, and now supports both standards simultaneously. The open wallet standard allows agents to initiate transactions without accessing private keys and includes security mechanisms such as spending limits and whitelisted destinations.XRP payment channels are suitable for small, high-frequency payment scenarios, allowing agents to deposit XRP once, run hundreds of payment queries, and authorize small expenditures sequentially, enabling the service provider to collect cumulative payments without having to put each query on-chain. Currently, single payments support tokens like RLUSD, but continuous payment sessions are limited to XRP, and incorporating stablecoins into the channel depends on the proposed ledger upgrade. This payment software is still in the testing phase.
app_icon
ChainCatcher Building the Web3 world with innovations.