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Bitcoin Lightning Network Deposit Presale Surpasses $900 Million, Pump.fun Presale Cap 1.5x Oversubscribed

12 hours ago

July 10th: The Thunderbolt Station initiated by Nubit has reached the end of the reservation phase. The total reservation deposit amount has exceeded 900 million US dollars, which is approximately 1.5 times the fundraising amount of Pump.fun. The Bitcoin Thunderbolt Station is employed to maintain the security of the main network and offer main network revenue distribution to holding institutions and qualified users. As of now, the reservation phase of the station has come to an end. Several institutions, family offices, and investment institutions have participated in the reservation deposit by using BTC, USD1, and BRC-20, Runes, and other Taproot-scripted assets. This is the first instance where Bitcoin-native assets have been extensively utilized in a main network infrastructure participation scenario. The second phase of the station will commence within this week. Qualified institutions and users can initiate the station and maximize main network revenue by depositing BTC or USD1 using the tsUSD quota. The Bitcoin Thunderbolt Network, led by early Bitcoin core developers and the Nubit team, is the sole protocol on the current Bitcoin main network that supports native acceleration and stablecoin settlement. After being online for two months, it has already processed over 4 million on-chain transactions, and the number of unique users has exceeded 267,000. Previously, the crypto project WLFI of the Trump family integrated its stablecoin USD1 into the Thunderbolt Network and became one of the first native settlement assets. According to the previous news on April 15th, HSBC disclosed that the Bitcoin Thunderbolt Network has introduced UTXO Bundling and OP_CAT instructions through a mainnet soft fork, supporting native asset issuance and high-frequency transaction verification. The on-chain processing efficiency has been improved by 1000–2000 times compared to the Bitcoin main chain.
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Kraken Registers as Virtual Asset Service Provider in Argentina, Expanding into the Latin American Market

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Federal Reserve's Lael Brainard: Stablecoins Could Become an Important Part of Payments

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