Enterprise

QCP Capital: Bitcoin has entered a "new phase" and has become an important asset held by enterprises, governments, and institutions

ChainCatcher news, QCP Capital's latest analysis points out that Bitcoin is approaching the $90,000 mark, entering a "new phase," and has become an important asset held by enterprises, governments, and institutions. Demand for Bitcoin ETFs has reached an all-time high, with a net inflow of $2.28 billion in just three days. After the U.S. elections, Bitcoin ETFs attracted $1.8 billion in funds, starting this week strong with another net inflow of $1.1 billion.Meanwhile, Dogecoin has seen a significant surge. After Trump announced the establishment of the Department of Government Efficiency (abbreviated as "DOGE"), the price briefly touched $0.43 and is currently trading at $0.37, marking an increase of nearly 20%. Tesla CEO Elon Musk and former Republican candidate Vivek Ramaswamy will lead the department, aiming to streamline federal agencies and reduce excessive regulation. Since election day, Dogecoin has risen by 153%, far exceeding Bitcoin's 30% increase, and its market capitalization has surpassed XRP, jumping to sixth place.The market is focused on the CPI data to be released today, with the core CPI for October expected to remain at 0.3% and the annual CPI projected to rise by 2.6%. Currently, the market expects a 70% probability of a final rate cut in December, but today’s CPI, the PCE data on November 27, and potential policy changes from Trump could all influence the Federal Reserve's final decision.

BNB Chain launches a tokenization program to help small and micro enterprises easily access Web3 through RWA

ChainCatcher news, BNBChain today launched a one-stop tokenization solution aimed at helping individuals and small businesses easily enter Web3, enhance asset liquidity, and promote business growth. The solution currently covers two directions: Real World Asset (RWA) tokenization and corporate tokenization, providing a simple one-stop service for different needs, simplifying the asset tokenization process, and allowing users to embrace the Web3 ecosystem without programming or blockchain knowledge.As a leading public chain ecosystem, BNB Chain currently has over 4 million users, deployed over 4,000 applications, and boasts a strong developer community. Through collaborations with industry partners such as BitBond, Brickken, Matrixdock, InvestaX, TokenFi, and Tokeny, it is jointly creating a secure and reliable full-link tokenization solution.Jimmy, a senior solution architect at BNBChain, stated: "Compared to other areas of Web3, Real World Asset (RWA) tokenization indeed faces greater challenges, requiring more time and effort. However, BNB Chain is willing to invest resources in this area because we believe it is one of the right directions for the future. The tokenization solution can empower more small and medium-sized enterprises and bring more new user scenarios to Web3. BNBChain is committed to building an inclusive ecosystem that fosters innovation among businesses in different industries, promotes the widespread application of Web3 technology, and strives to empower the next billion users."

Airstar Bank collaborates with JD Coin Chain to explore stablecoin-based cross-border payment solutions for enterprises

ChainCatcher news, Airstar Bank Limited announced a collaboration with JINGDONG Coinlink, a subsidiary of JD Group, on the Hong Kong Monetary Authority's stablecoin issuer "sandbox." As one of the participants in the "sandbox," JINGDONG Coinlink plans to utilize the "sandbox" environment for innovation, testing, and improvement, dedicated to developing blockchain-based cross-border payment solutions using the latest technology to help businesses address challenges and enhance payment experiences in cross-border transactions.Relevant information indicates that the stablecoin issuer "sandbox" was launched by the Monetary Authority on March 12, 2024. Through the "sandbox," the Monetary Authority can communicate regulatory expectations and provide guidance to institutions planning to issue fiat stablecoins in Hong Kong, while participants can test the feasibility of their expected business models and directly communicate with the Monetary Authority to understand how to comply with future regulatory requirements.It is reported that Airstar Bank (full name: Airstar Bank Limited) was granted a banking license by the Hong Kong Monetary Authority in 2019. On June 7, 2024, Futu Holdings (FUTU.US) announced that it had completed an investment of HKD 440 million in Gravitation Fintech HK Limited, the parent company of the licensed virtual bank Airstar Bank in Hong Kong. After this change, Xiaomi Group holds 50.30% and Futu holds 44.11%.
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