);)
The U.S. Securities and Exchange Commission (SEC) has concluded its four-year investigation into decentralized finance (DeFi) protocol AAVE. AAVE's founders have revealed they have dedicated significant resources to responding to the SEC investigation.
Aave, a leading decentralized lending protocol, provides a platform where users can deposit and borrow cryptocurrencies. The conclusion of the SEC's investigation is expected to set a positive precedent for similar decentralized finance (DeFi) projects.
2. JD.com's NFT platform, Lingxi, opens on-chain transfer functionality, reigniting the Chinese NFT market.
Lingxi, a digital collection platform under Chinese e-commerce giant JD.com, has officially announced the launch of its exchange gifting (转赠) feature. According to China's New Consumer Daily, Lingxi officially launched its exchange gifting service on the 15th, enabling direct transfers and gifting between individual wallets for newly issued digital assets. The timing of opening the service for existing assets has not yet been determined.
This move comes just a day after Lingxi launched its public beta test, sparking a heated response from the digital collection community. Launched as a JD.com app mini-program in December 2021, Lingxi sold its first digital art collection, featuring JD.com's mascot, Joy, as its prototype. However, the service briefly stalled due to tightened policy regulations, preventing secondary trading.
3. The Federal Deposit Insurance Corporation (FDIC) establishes a process for applying for stablecoin issuance, a follow-up measure to the GENIUS Act.
The Federal Deposit Insurance Corporation (FDIC) announced that it has approved a proposed rule establishing an application process for regulated institutions seeking to issue stablecoins for payments. A 60-day public comment period is currently underway.
This is the first formal rulemaking proposal since the passage of the GENIUS Act, which provides a clear path for financial institutions under FDIC supervision to legally issue stablecoins.
4. Michael Saylor: "Quantum computing will strengthen Bitcoin security."
Michael Saylor, CEO of Strategy, says quantum computing will not destroy the Bitcoin network, but rather facilitate a "quantum leap."
Saylor explained that Bitcoin could introduce a quantum-resistant security mechanism through a network upgrade. Active Bitcoin would be migrated to the new security system, and Bitcoin with lost private keys would be permanently frozen. He predicted that this would improve Bitcoin's overall security and reduce its actual circulating supply, thereby strengthening its value base in the long term.
5. 75.6% chance that the US Federal Reserve will freeze interest rates in January next year.
According to CME's 'FedWatch', the probability that the US Federal Reserve will keep interest rates unchanged in January next year is 75.6%, and the probability of a 25 basis point cut is 24.4%.
By March, the probability of a cumulative 25 basis point cut was 43.5%, the probability of a rate freeze was 47.5%, and the probability of a cumulative 50 basis point cut was 9.1%. The market expects the Fed's cautious monetary policy stance to continue for the time being, which is expected to impact risky asset markets, including cryptocurrencies.
Lee Jeong-seop ljs842910@blockstreet.co.kr
