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Quick Take Summary is AI generated, newsroom reviewed. The conclusion of the 120-day OCC review for Ripple National Trust Bank is set for October 30. Approval could allow Ripple to manage digital assets under a national banking license and integrate its blockchain with the U.S. financial system. Ripple's strong compliance and utility-based approach, including its RLUSD stablecoin, may fast-track the approval process. The potential bank approval is seen by investors as a major validation of Ripple's long-te
The article explores the true motivation behind the change in the Federal Reserve chair, pointing out that the core issue is the massive U.S. national debt and fiscal deficit, rather than inflation. Trump has hinted at the possibility of using cryptocurrencies to address the debt problem, and the next chair may promote the integration of digital assets as national financial tools. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still in the process of iterative improvement.
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As Truth Predict is launched, Polymarket is planning to return to the US market.
With the shadow of the SEC lawsuit in the United States now lifted, Ripple Labs—long positioning itself as a blockchain payments company but with little actual business—has finally embarked on an acquisition path, moving towards building a multi-billion dollar, truly substantial cryptocurrency empire.
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- 03:23Project Hunt: Payment infrastructure b402 is the project with the most new Top follower increases in the past 7 daysAccording to ChainCatcher, data tracked by the Web3 asset data platform RootData X shows that in the past 7 days, the payment infrastructure b402 was the project with the most new followers among X (Twitter) Top influencers. The new influential X users following this project include SpiderCrypto (@SpiderCrypto0x), crypto KOL Yuyue (@yuyue_chris), and BroLeon (@BroLeonAus) from Australia. In addition, other projects with the most new X Top influencer followers include Vibe and Concrete Protocol.
- 03:22Morpho receives $775 million in stablecoin pre-deposits and adds support for OptimismJinse Finance reported that the DeFi lending platform Morpho has received $775 million in pre-deposits from Stable (a stablecoin blockchain supported by a certain exchange). The platform revealed in a post on X (formerly Twitter) on Wednesday morning that these funds will be managed by a treasury overseen by the risk management firm Gauntlet and allocated to multiple Morpho vaults. By total value locked (TVL), Morpho is currently the eighth largest DeFi protocol. Morpho also announced today that its application now supports the Ethereum Layer2 scaling solution Optimism. According to DeFi data platform DeFiLlama, the total value locked (TVL) in the Optimism DeFi ecosystem is currently about $350 million.
- 03:12Data: SpaceX transfers 281 BTC again, possibly for custody purposesChainCatcher news, according to monitoring by Lookonchain, SpaceX has just transferred another 281 BTC (worth $31,280,000) to a new wallet—most likely for custody purposes. In the past 10 days, SpaceX has transferred its BTC holdings three times.