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Volcano Mining Machine has reached a strategic cooperation with DogePower to strongly combine and expand the Dogecoin ecosystem

ChainCatcher news, according to official sources, DogePower has officially announced a partnership with Volcano Miner, and both parties will jointly promote the ecological development of Dogecoin (DOGE). This collaboration will fully leverage Volcano Miner's technological advantages in global chip innovation, as well as DogePower's deep accumulation in the full industry chain computing power ecosystem, to explore more possibilities for Dogecoin.Strong Alliance to Promote the Upgrade of Dogecoin's Computing Power EcosystemVolcano Miner, as a global leader in chip innovation, has long focused on the research and development of high-performance computing technology, dedicated to providing efficient computing power equipment for blockchain, cloud computing, and big data fields. Its high-performance mining machines not only set industry benchmarks in terms of performance but also play an important role in creating sustainable long-term value for investors and promoting the development of the digital economy.DogePower, on the other hand, is a full industry chain computing power service provider focused on Dogecoin mining, covering mining machines, mining pools, and cloud computing services, aiming to create a complete closed-loop DOGE mining ecosystem. Its cloud computing platform offers "zero-threshold" mining services and enhances returns by 30%-50% through a DOGE + auxiliary coin (such as LTC) joint mining model. In addition, DogePower is also at the forefront of the industry in terms of mining site compliance and computing power transparency, providing users with an efficient and secure mining experience.Technological Empowerment to Help Users Easily Participate in the DOGE EcosystemThe achievement of this cooperation will further enhance the sustainable development capability of the Dogecoin mining ecosystem. DogePower has expanded a broader user market for Volcano Miner, while Volcano Miner provides stronger support for DogePower's computing power network through advanced hardware technology. Both parties will jointly explore more innovative applications to improve the computing power efficiency and ecological stability of the Dogecoin network, allowing more users to conveniently and safely participate in the construction of the Dogecoin ecosystem.In the future, both parties plan to deepen cooperation, further connect and aggregate users, share user systems and technological resources, and jointly promote the diversified development of the Dogecoin ecosystem with efficient computing power and comprehensive mining solutions.

The Information: Bank of New York Mellon is expanding its services for stablecoin issuer Circle

ChainCatcher news, according to The Information, as banks warm up to cryptocurrency, Bank of New York Mellon (BNY) is expanding its services for stablecoin issuer Circle. Sources say that the bank will allow some clients to remit funds to or receive funds from Circle through BNY for the purchase or sale of Circle's stablecoins. Previously, Circle's clients had to use small U.S. banks to remit funds to Circle, which could limit the growth scale of this stablecoin company.This new arrangement facilitates the creation and redemption of Circle's stablecoins and can help the New York-based Circle drive broader adoption of its dollar-pegged stablecoin among other traditional financial institutions. The two companies stated in a joint announcement, "BNY and Circle will continue to work to bridge the gap between traditional finance and digital finance, and explore how to deepen our relationship for the benefit of the financial markets." Reports suggest that these changes will help make Circle more attractive to investors ahead of a potential initial public offering (IPO).The partnership with BNY is noteworthy because the company is a Global Systemically Important Bank (G-SIB), a regulatory designation that subjects it to particularly stringent oversight. Using a large U.S. bank like BNY is a way for Circle to differentiate itself from competitors like Tether. Some insiders have indicated that BNY has received approval from the New York State Department of Financial Services to provide a broader range of payment services to Circle. By servicing Circle, BNY may also attract more crypto-related deposits. Insiders previously stated that the company has been discussing providing banking services to more crypto firms but is cautious and only works with the safest companies.

Insiders: Jump is restructuring its U.S. crypto business and plans to expand its team

ChainCatcher news, according to CoinDesk, Chicago trading giant Jump is working to restore its U.S. cryptocurrency business to full operational status, after the company scaled back its related operations over the past two years due to regulatory scrutiny and uncertainty.Insiders revealed that while Jump has maintained digital asset trading and market-making activities in other parts of the world, cryptocurrency trading volume in the U.S. is currently accelerating. Jump plans to hire a group of crypto engineers and will begin to fill U.S. policy and government liaison positions in due course. Against the backdrop of the Donald Trump administration easing regulations, Jump believes now is the right time to restore its U.S. operations to full capacity.Jump became a focal point of regulatory scrutiny after the collapse of the Terra Luna stablecoin and FTX, which led to a contraction of its U.S. business, including the spin-off of the Wormhole project and halving the staff of the Jump Crypto division, which had about 150 employees in 2022.Industry insiders believe that Jump may participate in the U.S. crypto ETF space in the future, especially considering the potential approval of a Solana (SOL) ETF. Jump is known for its investments and development work in the Solana ecosystem, such as the Firedancer project, which is software designed to increase blockchain transaction throughput.
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