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PlatON has reached a strategic cooperation with UXUY to provide a seamless payment experience for 900 million Telegram users

ChainCatcher news, the fully digital public infrastructure PlatON has reached a strategic cooperation with UXUY, successfully integrating the UXUY Telegram wallet, which will provide comprehensive fiat and digital currency services for the Telegram ecosystem, aiming to bring a seamless payment experience to 900 million users.UXUY, incubated and invested by Binance Labs, is the next-generation decentralized multi-chain infrastructure. Based on the Telegram ecosystem, UXUY offers multi-chain DApp access services and an application center, and provides comprehensive support such as technology and traffic for qualified DApps through the Puzzle Plan. PlatON's Web3.0 payment clearing system TOPOS supports merchants and users in non-custodial holding of Web3 assets. This collaboration aims to provide global merchants and users with secure and efficient payment solutions, accelerating the global adoption and application of stablecoins. Both parties will jointly explore more possibilities for Telegram in the payment field, leveraging the TOPOS payment clearing system to offer better exchange rate support and lower transaction fees for a wide range of merchants and users.UXUY founder Kevin stated, "Telegram users can access the PlatON ecosystem with one click through UXUY, experiencing seamless instant digital currency exchange and fund access. We will actively promote subsequent cooperation to jointly improve the crypto multi-chain landscape of Telegram."

Institution: US inflation data falls to a three-year low, but the cryptocurrency market reacts lukewarmly

ChainCatcher news, despite the U.S. inflation rate dropping to its lowest level in three years, the financial markets have yet to react even as investors hope for a potential rate cut by the Federal Reserve. Particularly in the crypto market, there has been virtually no impact from this news, with Bitcoin and others quickly recovering their upward momentum after a brief decline. The cryptocurrency market's muted response to the inflation report is partly due to growing investor interest in the bond market, as well as the brewing storm of the U.S. presidential election.Harris's strong performance in the recent debate has reignited hopes for the Democrats to win the White House, which is seen as a possible harbinger of dovish monetary policy. Conversely, if Trump wins re-election, it could increase government spending and subsequently put upward pressure on interest rates. U.S. Treasury yields have been directly impacted by this shift in investor sentiment, and this sudden change in market mood indicates a significant shift in investor attitudes, exacerbating pessimism about the economy and the general expectation of lower borrowing costs.Market observers note that caution remains the prevailing sentiment in the market. Investors are exercising restraint, choosing to wait for clearer signals before rebalancing their portfolios. (Jin Shi)
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