XDC Network: On-Chain Trade Finance Market Worth $15 Trillion, Aiming to Drive Global Trade Settlement Digitization
On June 1, Travis John, Head of Institutional Business at XDC Network, said the global trade finance market is valued at roughly $150 trillion, but the industry still relies heavily on paper documents, manual reviews, and multiple layers of intermediaries—leading to lengthy settlement times, high financing costs, and fraud risks.
XDC Network leverages blockchain technology to digitize trade finance, cross-border settlements, and collateral management by putting invoices, bills of lading, and other trade documents on-chain, helping companies cut financing costs and improve settlement efficiency. Per XDC, short-term trade financing rates for some small and medium-sized enterprises (SMEs) are expected to drop from a traditional channel’s peak rate of about 30% to around 10%.
XDC noted that trade finance is a key subsector of real-world assets (RWA) and on-chain private credit, yet only approximately $700 million in global trade finance assets have been tokenized, signaling adoption rema
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The cryptocurrency market suffered a theft of $68.3 million in May, marking a nearly 90% decrease from the previous month.
On June 1, blockchain security firm CertiK released data showing the cryptocurrency industry suffered roughly $68.3 million in total losses during May 2026 due to hacks, exploits, and scams—an nearly 90% plunge from the over $650 million lost in April. This marks the third month this year that crypto-related security losses have stayed under $100 million, per CertiK’s analysis.
CertiK broke down May’s losses: about $2.6 million came from phishing attacks. By contrast, April’s massive losses were driven by major breaches targeting the Drift Protocol and KelpDAO infrastructure, which cost approximately $285 million and $292 million respectively—making up roughly 95% of April’s total losses. Those two events pushed April to one of the worst months for crypto security losses since March 2022.
While large-scale protocol exploits have tapered off, CertiK flagged growing risks from other threats: phishing, social engineering scams, deepfakes, and credential leaks are all on the rise. Resear
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Iran Halts Information Exchange with the United States, Oil Prices Spike $1.5 as Brent and WTI, Spot Gold Plunges $30
June 1: According to Bitget market data, WTI and Brent crude oil surged sharply by $1.5, while spot gold plummeted $30 in a short span.
On the news front, Iran has ceased intelligence sharing with the United States over America’s support for Israel.
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US Stock Futures for Major Indexes Turn Lower, European STOXX 600 Index Plunges by 0.8%
On June 1, futures for the three major U.S. stock indexes fell across the board, with the Euro Stoxx 600 index dropping sharply by 0.8%.
Iran’s Tasnim News Agency reported that Iran has halted information exchanges with the United States over protests against Israeli actions.
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「Stock God」 Serenity: Photonics Sector Sees Further Decline Due to Algorithm-Driven Sell-Off, Long-Term Bullish on Photonics Track
June 1st, self-proclaimed "Stock God" Serenity posted, asserting that the recent downturn in the photonics sector stems mainly from "follow-the-leader" algorithmic trading on a leading exchange. Examining stock performance of laser and optoelectronic module firms like AAOI and Sivers, market sentiment has been largely shaped by trends in Coherent (LITE) rather than shifts in individual company fundamentals.
He noted that while some firms have maintained improving fundamentals—for example, Applied Optoelectronics (AAOI), which has advanced in its business with clients such as AMD and NVIDIA—their high beta makes them more susceptible to algorithm-driven selling during a sector-wide correction. Serenity also revealed that Sivers may announce additional details about its optoelectronic module customer partnerships moving forward.
Serenity advised against engaging in short-term trading of individual stocks with steep 20%-30% swings, preferring instead to hold long-term positions in core
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