ChainCatcher news, according to the official announcement, the OKX futures contract daily settlement mechanism will be applied to the BTC-USDT and BTC-USD futures contracts in full margin mode on March 29, 2025, at 4:00 PM (UTC+8).Daily settlement mechanism: Settlement will occur every day at 4:00 PM (UTC+8). After the settlement is completed, the settlement profits will be credited to the account's available balance, the average opening price of the position will be updated to the most recent settlement price, and the floating profits of the position will be calculated based on the new opening price. There will be no fees for the settlement, and it will not affect the position size. The settlement price will be the average of the mark prices in the hour preceding the settlement. Please note that the above settlement mechanism is only effective for full margin positions.

ChainCatcher news, JPMorgan's blockchain division Onyx is collaborating with fintech company Broadridge to introduce the Web3 payment system JPM Coin to one of Broadridge's repurchase platforms.As part of the deal, Onyx's JPM Coin will serve as the settlement mechanism for Broadridge's distributed ledger repurchase platform, which utilizes blockchain technology to provide intraday, overnight, and term repurchase services. JPM Coin settlement is set to launch in June of this year.

ChainCatcher message, Goldman Sachs recently applied for a patent with the U.S. Patent Office, proposing to integrate blockchain technology with its settlement mechanism.It is reported that the patent document number is US 11605143 2B, submitted on March 14, outlining the bank's technological and computational requirements for using blockchain. The patent focuses on smart contract technology, which can be applied to various financial instruments such as fractional reserve banking, insurance, bonds, securitized products, and margin loans. (source link)