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Can USDT Only Be Used for Buying Coins? After Circle's Listing, Stablecoins Are Gradually Entering the Global Asset Allocation Scene

2 hours ago

On June 8, stablecoin issuer Circle continues to draw market attention following its public listing, while global regulatory frameworks for stablecoins are taking shape gradually—this has reignited the stablecoin race. Recent shifts have also shined a fresh spotlight on stablecoins’ compliance and infrastructural capabilities, pushing these digital assets to evolve beyond a mere cryptocurrency trading tool into a wider range of financial applications. Against this backdrop, stablecoins’ utility is expanding rapidly. No longer limited to settling crypto asset transactions, they are increasingly being used for cross-border payments, consumer settlements, and global asset allocation—further cementing the "on-chain dollar" concept. Mainstream stablecoins like USDT, once closely tied to digital asset trading, are now being leveraged by some users to participate in U.S. and Hong Kong stock market activities as well. BiyaPay currently allows users to directly trade U.S. and Hong Kong stocks using USDT, and it offers zero-commission trading for U.S. equities. This service is designed to cut down on the operational complexity and time costs of cross-border fund transfers, thereby improving the ease with which digital assets can be deployed in multi-market asset allocations.
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Mindful Tech's Mind Lab releases open-source 749B AI Agent Macaron-V1-Preview

On June 8, per BlockBeats' monitoring, Mindverse’s Mind Lab has open-sourced the personal AI model Macaron-V1-Preview, which has 749 billion parameters. Built on the GLM5.1 pre-trained base, it offers a 202k context window and is released under the MIT license. The development team, led by Chen Kaijie and Andrew (co-authors of the ReAct and FireAct papers), includes core researchers from DeepSeek, ByteDance, and xAI. Currently, the model has deep integration with Mindverse’s assistant app Macaron, which boasts 2 million users, creating a closed “Product-Model” iterative feedback loop. Earlier this June, Mindverse closed a nearly $50 million Series A funding round led by Meituan. Macaron-V1-Preview underwent reinforcement learning training based on GLM5.1. It adopts a Mixture-of-LoRA (MoL) architecture, where task-specific “LoRA skill packs”—covering emotion understanding, tool usage, and coding capabilities—are mounted on a shared base model. These skill packs support sub-second dyna

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Source: Insider Insiders: Visa, Mastercard in Talks with Stripe, Coinbase on Stablecoin Platform Partnership

NEW YORK, June 8 (Fortune) — Visa and Mastercard are in active talks with companies including Stripe, Coinbase, and potential additional players to form a stablecoin alliance and launch a dedicated new stablecoin platform, per sources familiar with the matter cited by Fortune. If the partnership is finalized, it would deliver a major shakeup to the $300 billion-plus global stablecoin market. Leveraging Visa, Mastercard, and Stripe’s massive reach in worldwide retail payments, the new platform aims to drive wider adoption of stablecoins for everyday transactions. Industry observers are closely tracking how the plan will impact Circle. Right now, Circle’s USDC dominates the regulated stablecoin market in North America and Europe. Insiders note that Visa, Mastercard, Coinbase, or all three could use the alliance to push merchants to adopt their own stablecoins, unlocking new revenue streams like reserve interest earnings. For Coinbase, it’s continuing to reap benefits from its 2023 dea

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The Iranian Armed Forces have announced the cessation of military operations against Israel

June 8 — According to Iran’s Fars News Agency: The Iranian Armed Forces have announced an end to their military operations against Israel, warning that if Israel resumes its attacks on Lebanon, it will face far harsher retaliation.

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U.S. Stock Index Futures Rebound, Chip Stocks Rally, Market Focus on Iran-US Tensions and SpaceX IPO

June 8. U.S. stock index futures were pointing higher in pre-market trading Monday, with Nasdaq 100 futures climbing 1.1%, S&P 500 futures up 0.6%, and Dow futures adding roughly 85 points. That comes on the heels of a brutal Friday for tech: The Nasdaq Composite tumbled 4.2%—its worst single-day drop since April 2025—fueled by profit-taking in chip stocks. Chip stocks bounced back sharply Monday. NAND chip maker Micron Technology rose more than 3% in pre-market action, recouping some of its 13% Friday slump; Nvidia and Broadcom also notched pre-market gains. The Philadelphia Semiconductor ETF (SOXX) was up 2.4% in early trading, after plunging 10% last Friday—its steepest single-day drop in over six years. Middle East tensions are also roiling markets: Iran launched a missile strike over the weekend, stoking fears about the region’s shaky ceasefire. The Israel Defense Forces (IDF) later said it carried out a “ widespread attack ” on Iran’s strategic defense systems. International oi

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Israeli Military Strikes Iran's Maroun Shar Petrochemical Site Again, Iran Threatens to Expand Retaliation Scope

The Israeli military carried out an airstrike on Iran’s key Mahshahr petrochemical complex in southern Iran on June 8 local time, the Israel Defense Forces (IDF) announced that day. The strike marks the first time Israel has targeted the facility since a ceasefire agreement went into effect on April 7. The site struck, the Bandar Imam Petrochemical Complex, is Iran’s largest petrochemical facility, with more than 50 plants and an annual production capacity of roughly 72 million tons. Iranian media reported the complex’s Karun Petrochemical Plant was hit twice around 7:30 a.m. local time on June 8. No casualties have been confirmed, though the facility sustained damage. The IDF stated the attack targeted a military-linked site used to produce raw materials for Iran’s ballistic missile program. Iran’s Islamic Revolutionary Guard Corps (IRGC) condemned the strike as a “dangerous game” and warned it would expand retaliation against Israel, including targeting energy-related infrastructur

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Hwang's Speech Fails to Boost Sentiment as Micron Struggles, US Stock Storage Sector Up in Pre-market, 92% of Institutional Analysts Still Maintain Buy Rating on MU

June 8 – NVIDIA CEO Jensen Huang addressed last Friday’s broad selloff in AI-related stocks during a public event, emphasizing: “We are at the beginning of the AI revolution. Whatever happens in the stock market, you should be happy because you can now finally buy high-quality assets at a discount.” Huang added that global AI infrastructure is still in its early stages, and short-term market volatility amounts to a “discount coupon” for long-term investors. But Huang’s optimistic remarks failed to lift South Korean storage giant SK Hynix. Hit by the global tech stock rout, SK Hynix tumbled nearly 10% at the open of South Korea’s stock market, closing with a roughly 7.68% drop to 1.911 million Korean won—extending ongoing pressure on the AI memory sector. On the U.S. stock front, pre-market trading showed relative resilience: STX rose 2.53%, WDC gained 2.67%, SNDK climbed 2.62%, and Micron Technology (MU) advanced 4.2%. In a sharply different view, Raymond James financial analy

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