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Vanguard Group has created a Head of Digital Assets role for the first time.

1 hours ago

Global second-largest asset management firm Vanguard, which oversees roughly $12 trillion in assets under management, has established a digital asset head role for the first time, tasked with developing the firm’s long-term crypto and blockchain strategy. The position will evaluate areas including tokenization, stablecoins, digital wallets, custody, and blockchain settlement, and determine whether Vanguard will build in-house capabilities, partner with external parties, or delay entry into certain markets. The role will also need to craft a multi-year roadmap and design governance and risk frameworks. Vanguard noted that this recruitment does not signal an imminent launch of crypto products, adding that it currently has no plans to issue its own crypto investment tools.

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Polymarket launches instant Bitcoin Lightning Network deposits, integrates Spark Protocol.

Prediction market platform Polymarket has announced support for instant, self-custodial deposits via the Bitcoin Lightning Network, with the new feature backed by the Spark Protocol. Compared to prior on-chain deposit methods that required waiting for 3 to 6 block confirmations and took 10 to 60 minutes, the new solution delivers near-instant settlement while lowering deposit barriers and transaction costs. According to details, Spark can conduct checks for double-spend risks, transaction fees, and Replace-by-Fee (RBF) at the time of transaction broadcast, enabling "zero-confirmation" posting. It also supports on-chain, Lightning Network, and stablecoin payment rails, removing the need for the platform to operate its own Lightning Network nodes. Polymarket noted that this step will further boost Bitcoin users' capital efficiency and strengthen its competitiveness against rival Kalshi.

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JPMorgan Chase: Potential barriers to the merger between Tesla and SpaceX have been underestimated.

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Strike launches volatility-resistant Bitcoin-collateralized loans, eliminating the margin call mechanism.

Strike has launched a new "Volatility-Proof" Bitcoin mortgage product that eliminates margin calls and forced liquidations triggered by Bitcoin price declines. Jack Mallers noted that regardless of how much Bitcoin’s price drops, as long as borrowers make timely repayments, their pledged Bitcoin will not be liquidated due to price fluctuations. The new product features a maximum loan-to-value (LTV) ratio of 45%, a 6-month term, and an annual percentage rate (APR) ranging from roughly 10.7% to 14.2% — higher than Strike’s standard loan offerings. Should a borrower default, they must repay within 10 days or coordinate with the platform; otherwise, Strike retains the right to sell a portion of the Bitcoin collateral to cover the outstanding balance. The company added that the product is now available in most U.S. states, applicable for new loans, refinancing, and debt consolidation.

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Traders and market forecasters expect the Nasdaq 100 to likely face volatility in the second half of the year, with AI trading momentum slowing.

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Zhipu's shares surged over 14% in intraday trading, following its prior disclosure of plans to develop self-developed chips.

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Binance will suspend stock trading on the 11th to support the upgrade of its partner brokerages.

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