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Goldman Sachs Annual Shareholder Letter Mentions Cryptocurrency for the First Time, Acknowledges Increased Industry Competition

7 hours ago

On March 15th, according to The Block, Goldman Sachs made its first mention of cryptocurrency in its 2024 annual shareholder letter. It referred to cryptocurrency as a key trend in the fintech space and noted that emerging technologies (including cryptocurrency, distributed ledger technology, and artificial intelligence) are reshaping industry competition. In the letter, Goldman Sachs acknowledged that some competitors are offering financial products, including cryptocurrency, and these products may be more popular with clients. Although Goldman Sachs has not yet formally launched related services. Furthermore, since launching a cryptocurrency trading platform in 2021, Goldman Sachs has been exploring the application of blockchain technology. It launched a digital asset platform in 2022 and participated in testing the blockchain communication system Canton Network. However, Goldman Sachs warned that distributed ledger technology and cryptocurrency are still in their early stages and may face cybersecurity risks and other potential challenges. Previously, Goldman Sachs CEO David Solomon has repeatedly stated that Bitcoin is a "speculative asset," but he has also acknowledged the transformative potential of blockchain technology in the financial system.
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A new address withdrew 12.15 million SHELL from a CEX, equivalent to around $3.49 million.

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In the last 24 hours, CEX net inflow totaled 641.59 BTC

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Mubarak Market Cap Surpasses $40 Million, Surging Over 100% in the Last 6 Hours

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Bombie Leads the TON Gaming Race: ARPPU Reaches New High of $102

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10x Research: Bitcoin May Experience Prolonged Consolidation Again, Market Lacks Buy-the-Dip Momentum

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YZi Labs CEO: Funds are now flowing back from meme coins to shitcoins, as meme coins lack fundamentals and cannot sustain themselves

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