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BNB Chain is developing a new-generation Layer 1 (L1) network.

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BNB Chain is developing a brand-new Layer 1 network, targeting to cut transaction latency to under 50 milliseconds and achieve a throughput of 100,000 transactions per second (TPS). The network is scheduled to officially launch its testnet in 2026 to further improve on-chain performance and scalability.

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Trump Meets Zelensky: Progress Achieved in Russia-Ukraine Conflict, War Not the End, Possible Further Strikes on Iran

U.S. President Donald Trump, during a meeting with Ukrainian President Volodymyr Zelenskyy, stated that both Russia and Ukraine currently aim to reach a reconciliation, adding that the Ukraine war is "not the end." Trump noted he has built a good relationship with Zelenskyy, saying "It's my honor to be with Zelenskyy." He added that "significant progress has been made" in the Russia-Ukraine conflict, but called both Russian President Vladimir Putin and Zelenskyy "tough characters." Zelenskyy said he hopes Trump will make every effort to end the war, and thanked the U.S. for its support to Ukraine. The two sides also plan to discuss details of a drone deal and additional assistance the U.S. can provide to Ukraine. When addressing the Iran situation, Trump said the U.S. strikes on Iran are not aimed at regime change, but over nuclear issues. He claimed the U.S. "launched severe strikes on Iran last night," adding that it may take further military action against Iran tonight. Trump also said the recent NATO summit was "very successful," noting that NATO leaders unanimously emphasized the need to increase defense spending. This meeting between Trump and Zelenskyy is viewed as a key milestone in their communication on the Russia-Ukraine situation, peace plans, and subsequent support measures. (Jin10)

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IMF cuts global economic growth forecast, raises China's growth forecast.

On the 8th, the International Monetary Fund (IMF) released an update to its World Economic Outlook report, cutting the 2026 global economic growth forecast by 0.1 percentage points to 3%, while raising China’s economic growth projection by 0.2 percentage points to 4.6%. The report also lowered the growth outlook for advanced economies by 0.1 percentage points to 1.7%, and trimmed the growth forecast for emerging market and developing economies by 0.1 percentage points to 3.8%. (Xinhua News Agency)

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Abraxas Capital withdrew $15.96 million worth of XAUT from four exchanges in eight minutes.

According to monitoring by OnchainLens, a wallet linked to Abraxas Capital has withdrawn a total of approximately 3,931 XAUT worth around $15.96 million from four exchanges over the past eight minutes. The withdrawals are broken down as follows: 760.244 XAUT (valued at ~$3.09 million) from Bitfinex, 940.207 XAUT (~$3.82 million) from OKX, 230 XAUT (~$934,000) from Bybit, and 2,001 XAUT (~$8.12 million) from Binance. The total amount withdrawn to date stands at roughly 3,931 XAUT, worth approximately $15.96 million.

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AscendEX announces it is ceasing operations, with public hot wallet assets still insufficient to cover user withdrawals.

According to official announcements, crypto exchange AscendEX has released a notice stating it will cease operations, citing the current market environment and the impact of the EU’s Markets in Crypto-Assets (MiCA) regulation as reasons. In response, on-chain investigator ZachXBT pointed out that AscendEX’s public hot wallet still lacks sufficient liquid assets to cover verified user withdrawal demands totaling millions of dollars. He advised users whose assets are affected to file reports with law enforcement and regulatory authorities in their respective countries or regions to hold AscendEX co-founder George (Jing) Cao accountable.

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German Foreign Minister: The time has come for Iran and the United States to hold genuine negotiations.

German Foreign Minister stated that the time is ripe for Iran and the U.S. to hold genuine negotiations, calling on both sides to halt escalation. Germany and other countries led by France and the UK are ready to participate in mine clearance operations in the Strait of Hormuz. Global oil inventories are not in a critical phase; a suitable environment must be established to clear mines in the Strait of Hormuz, and an agreement with Iran and Oman is needed. (Jin10)

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Wall Street's leading short seller is bearish on SpaceX IPO: Its prospectus could become the biggest joke in history

GMO co-founder and Wall Street’s famed bear Jeremy Grantham has called SpaceX “the craziest IPO in history”, noting that its grand vision outlined in the prospectus could become a laughingstock for the market in hindsight. Grantham expressed confusion over Wall Street’s widespread recommendation to buy SpaceX, arguing that even if the company meets expectations eventually, it will need a disruptive breakthrough in AI; otherwise, a valuation collapse is more likely. However, Grantham pointed out that SpaceX’s inclusion in the Nasdaq 100 index will attract massive passive allocations from index funds, and the resulting supply-demand imbalance may continue to drive up its stock price, leaving upside potential in the short term.

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