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JPMorgan Chase is actively exploring the tokenization of Carbon Credit Limits and has partnered with three carbon credit firms.

16 hours ago

On July 2nd, as per Bloomberg, JPMorgan Chase & Co. is in the process of developing a novel service for tokenizing carbon credits. It has formed a partnership with three carbon credit companies for initial testing. According to a statement made on Wednesday, the bank's blockchain division, Onyx, will collaborate with S&P Global Commodity Insights, the carbon registry EcoRegistry, and the International Carbon Registry. They will jointly test a new application that aims to convert carbon credits from the regulated registries of these three institutions into tokens. The parties will explore whether blockchain technology can be applied to the entire life cycle management of carbon credits, including the tracking of ownership from issuance to retirement. In its statement, JPMorgan Chase stated that the carbon market is confronted with "challenges such as inefficiency, lack of standardization, insufficient transparency, and market fragmentation". The application of tokenization technology is expected to bring significant benefits. The bank believes that establishing a unified tokenized ecosystem where "buyers and sellers can smoothly transfer carbon credits" will assist in addressing these issues.
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Binance Alpha yesterday reported a trading volume of $450.49 million, with BR, KOGE, and BULLA ranking in the top three.

On July 3rd, based on the @pandajackson42 data panel, Binance's Alpha trading volume on July 2nd reached $450.49 million, which was a slight increase compared to the $439.6 million volume on July 1st. Among them, BR had a trading volume of $305 million, KOGE had a trading volume of $34.64 million, and BULLA had a trading volume of $25.97 million, ranking at the forefront.

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Vana Ecosystem Project's Unwrapped DataDAO has decided to sell its Spotify data to the AI-native platform SoloAI

On July 2nd, the community-governed organization Unwrapped DataDAO, which is composed of Spotify users, passed a proposal with an astonishing 99.48% vote to authorize its first dataset to the AI-native platform SoloAI. This represents the first instance where ordinary users have collectively monetized data assets through blockchain technology. It is reported that Unwrapped members aggregate their Spotify listening data on the platform and receive tokenized rewards. Through on-chain governance, contributors collectively voted to establish a business partnership with SoloAI. As a pioneering AI-driven entertainment platform, SoloAI stands out by enabling even non-musically inclined users to effortlessly create, share, and monetize music works through AI. It integrates a virtual artist named "VTuber Avatar" that is equipped with real-time composition, performance, and audience interaction capabilities. This transaction was made possible through the decentralized infrastructure of Vana.

12 minutes ago

Cryptocurrency Market Cap Rises to $3.485 Trillion, with some Shitcoins and Meme Tokens Leading the Way

On July 3rd, according to HTX market data, the crypto market has begun to rebound. The total cryptocurrency market capitalization has risen to $3.485 trillion, with a 24-hour increase of 1.5%. Some altcoins and meme tokens have witnessed significant gains, including: - NEIRO with a 24-hour change of 31.92% and currently trading at $0.00047; - AWE with a 24-hour change of 31.5% and currently trading at $0.07; - BONK with a 24-hour change of 19.3% and currently trading at $0.000016; - TIA with a 24-hour change of 17.68% and currently trading at $1.604; - WIF with a 24-hour change of 16.35% and currently trading at $0.917; - BOME with a 24-hour change of 15.57% and currently trading at $0.00166; - ORDI with a 24-hour change of 15.4% and currently trading at $8.11.

12 minutes ago

Data: The number of USD1 holding addresses has exceeded 290,000, with a current circulation of approximately 2.156 billion tokens

On July 3rd, based on a retweeted tweet by Binance founder CZ which disclosed data, the number of addresses holding USD1 has exceeded 290,000. Nearly 80% of the holders are located on the BNB Chain. The current circulating supply of USD1 is approximately 2.156 billion tokens, and the total number of transactions has exceeded 31.88 million.

12 minutes ago

U.S. Treasury Secretary Reiterates Rate Cut by September and Says Fed Misjudged Inflation Uptick

July 3rd: Nick Timiraos, a reporter from The Wall Street Journal who is renowned as the "Fed Whisperer," composed an article indicating that US Treasury Secretary Janet Yellen once more mentioned during an interview that the Federal Reserve ought to be capable of reducing interest rates prior to September based on its own rate-cutting criteria. Yellen remarked, "I believe that if the tariff cut fails to give rise to inflation, and if the Fed desires to adhere to this criterion, I think they can carry it out early but definitely before September. Nevertheless, I do not concur with the Fed's criteria, but if they follow this criterion, why not implement it in the fall?" Yellen declared that the Fed's prediction of escalating inflation is incorrect, but he does not cast doubt on the Fed's view that economic growth will wane, and he considers that the forecast of the deceleration of economic growth should prompt the Fed to resume interest rate cuts. Yellen had previously stated th

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8 years ago, a long-term holder who had accumulated 21,662 ETH transferred 4,123 ETH to Gemini

On July 3rd, as per EmberCN's monitoring, a whale that had accumulated 21,662 ETH eight years ago transferred 4,123 ETH (valued at approximately $10.51 million) to Gemini nine hours ago when the price of ETH rose to nearly $2,600. The whale accumulated 21,662 ETH in 2017 through Gemini and Kraken, with an average purchase price of around $569.

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