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Major U.S. labor unions say Senate crypto bill lacks "meaningful safeguards"
Jinse Finance reported that the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposes the Responsible Financial Innovation Act (RFIA) and stated in a letter to the Senate Banking Committee on Tuesday that the bill would pose significant risks to workers and the financial system. Jody Calemine, Director of the AFL-CIO, said that the bill's approach to crypto assets "poses risks to retirement funds and the overall financial stability of the U.S. economy." He added that the bill would allow the crypto industry "to operate more broadly and deeply within our financial system without sufficient oversight or meaningful safeguards." Senators Cynthia Lummis and Kirsten Gillibrand originally introduced the RFIA in 2022 and revised it earlier this year. The Senate Banking Committee is working on this bill as an alternative approach to regulating cryptocurrencies, with a different scope and regulatory focus, rather than advancing the House-passed market structure bill, the CLARITY Act, from July.
Jinse Finance reported that the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposes the Responsible Financial Innovation Act (RFIA) and stated in a letter to the Senate Banking Committee on Tuesday that the bill would pose significant risks to workers and the financial system. Jody Calemine, Director of the AFL-CIO, said that the bill's approach to crypto assets "poses risks to retirement funds and the overall financial stability of the U.S. economy." He added that the bill would allow the crypto industry "to operate more broadly and deeply within our financial system without sufficient oversight or meaningful safeguards." Senators Cynthia Lummis and Kirsten Gillibrand originally introduced the RFIA in 2022 and revised it earlier this year. The Senate Banking Committee is working on this bill as an alternative approach to regulating cryptocurrencies, with a different scope and regulatory focus, rather than advancing the House-passed market structure bill, the CLARITY Act, from July.
A certain whale deposited 5.8 million USDC into Hyperliquid and opened a 3x leveraged short position on MON.
According to ChainCatcher, market sources report that after Hyperliquid announced the launch of 3x leveraged MON perpetual contracts, a whale immediately deposited 5.8 million USDC into Hyperliquid and opened a 3x leveraged MON short position.
According to ChainCatcher, market sources report that after Hyperliquid announced the launch of 3x leveraged MON perpetual contracts, a whale immediately deposited 5.8 million USDC into Hyperliquid and opened a 3x leveraged MON short position.
Forward Industries launches institutional-grade validator node on Solana and stakes all SOL holdings
ChainCatcher news, according to Businesswire, Nasdaq-listed SOL treasury company Forward Industries announced that its institution-grade validator node, developed in collaboration with Galaxy, has been launched on the Solana blockchain. This node is supported by DoubleZero, and ecosystem participants can directly delegate SOL staking to Forward Industries.
Forward Industries stated that it has currently staked all of its SOL holdings on the validator node. Public information shows that the company holds approximately 6.822 million SOL.
ChainCatcher news, according to Businesswire, Nasdaq-listed SOL treasury company Forward Industries announced that its institution-grade validator node, developed in collaboration with Galaxy, has been launched on the Solana blockchain. This node is supported by DoubleZero, and ecosystem participants can directly delegate SOL staking to Forward Industries.
Forward Industries stated that it has currently staked all of its SOL holdings on the validator node. Public information shows that the company holds approximately 6.822 million SOL.
Hyperliquid launches MON perpetual contract
According to Jinse Finance, the official page shows that Hyperliquid has launched MON perpetual contracts, supporting up to 3x leverage.
According to Jinse Finance, the official page shows that Hyperliquid has launched MON perpetual contracts, supporting up to 3x leverage.
OpenAI and Anthropic seek insurance coverage to address potential lawsuit claims
Jinse Finance reported that OpenAI and Anthropic are considering using investor funds to address potential lawsuits that could amount to billions of dollars. OpenAI has partnered with AON, the world's second-largest insurance broker, to seek assistance and has secured up to $300 million in insurance coverage for emerging artificial intelligence risks.
Jinse Finance reported that OpenAI and Anthropic are considering using investor funds to address potential lawsuits that could amount to billions of dollars. OpenAI has partnered with AON, the world's second-largest insurance broker, to seek assistance and has secured up to $300 million in insurance coverage for emerging artificial intelligence risks.
Data: The current Crypto Fear & Greed Index is 59, indicating a state of greed.
ChainCatcher news, according to Coinglass data, the current cryptocurrency Fear & Greed Index is 59, down 10 points from yesterday. The 7-day average is 67, and the 30-day average is 52.
ChainCatcher news, according to Coinglass data, the current cryptocurrency Fear & Greed Index is 59, down 10 points from yesterday. The 7-day average is 67, and the 30-day average is 52.
Data: 70% of traders participating in BSC chain Meme trading are profitable, with the highest profit exceeding 10 million USD
According to ChainCatcher, data from Bubblemaps shows that the memecoin market on the BNB chain has experienced explosive growth, with over 100,000 traders participating and 70% achieving profits.
Profit distribution: 1 person earned over $10 millions, 40 people earned over $1 million, 900 people earned over $100,000, 6,000 people earned over $10,000, and 21,000 people earned over $1,000.
According to ChainCatcher, data from Bubblemaps shows that the memecoin market on the BNB chain has experienced explosive growth, with over 100,000 traders participating and 70% achieving profits.
Profit distribution: 1 person earned over $10 millions, 40 people earned over $1 million, 900 people earned over $100,000, 6,000 people earned over $10,000, and 21,000 people earned over $1,000.
The Reserve Bank of India currently has no plans to launch a CBDC nationwide.
Jinse Finance reported that Kashif Raza, founder of Bitinning, posted on the X platform that the Reserve Bank of India (RBI) currently has no plans to launch a central bank digital currency (CBDC) nationwide in India. Deputy Governor T. Rabi Shankar stated that they are still studying the results of 7 million pilot transactions.
Jinse Finance reported that Kashif Raza, founder of Bitinning, posted on the X platform that the Reserve Bank of India (RBI) currently has no plans to launch a central bank digital currency (CBDC) nationwide in India. Deputy Governor T. Rabi Shankar stated that they are still studying the results of 7 million pilot transactions.
Suspected IOSG Ventures deposited a total of 35.6 million FORM, worth approximately $46.23 million, in the past two days.
According to Jinse Finance, monitored by TheDataNerd, as $FORM surged by 50%, a whale (possibly IOSG Ventures) deposited a total of 35.6 million FORM (approximately $46.23 million) over the past two days. As a result, the price of FORM dropped by 15%.
According to Jinse Finance, monitored by TheDataNerd, as $FORM surged by 50%, a whale (possibly IOSG Ventures) deposited a total of 35.6 million FORM (approximately $46.23 million) over the past two days. As a result, the price of FORM dropped by 15%.
ZKsync launches Atlas upgrade version
Jinse Finance reported that ZKsync has launched the Atlas upgrade, introducing a brand new ZK Stack (zero-knowledge proof technology stack) that boosts performance to 15,000 transactions per second (TPS) and achieves 1-second zero-knowledge proof finality (ZK finality). The Atlas upgrade is powered by Airbender technology, featuring high-speed sequencing, full Ethereum Virtual Machine (EVM) compatibility, and transfer fees as low as $0.0001.
Jinse Finance reported that ZKsync has launched the Atlas upgrade, introducing a brand new ZK Stack (zero-knowledge proof technology stack) that boosts performance to 15,000 transactions per second (TPS) and achieves 1-second zero-knowledge proof finality (ZK finality). The Atlas upgrade is powered by Airbender technology, featuring high-speed sequencing, full Ethereum Virtual Machine (EVM) compatibility, and transfer fees as low as $0.0001.