Fintech firm Chime explores bringing stablecoins to its consumer banking platform.

According to HTX market data, Ethereum briefly broke through $2,700 and has now pulled back to $2,694, with a 24-hour increase of 2.49%.

U.S. retail diesel prices have for the first time topped $6.50 per gallon, extending a war-driven rally that has rippled across multiple sectors of the economy. Data from the American Automobile Association (AAA) shows that as of local time Saturday, the national average diesel price rose to $6.505 per gallon, just under 10 days after the last time it broke the $6 threshold. Since September, U.S. diesel price increases have accelerated significantly; so far this month, prices have risen by more than 87 cents, climbing almost daily and far exceeding the peak set in 2022. (Jinshi)

As Ethereum approaches $2,700, Bitmine — the world’s largest Ethereum treasury firm — has narrowed the unrealized loss on its total ETH holdings to $2.71 billion, after the loss had once swelled to $10 billion. Bitmine currently holds 5,956,378 ETH, with an average cost basis of roughly $3,340 per token. Additionally, its staked Ethereum positions remain at 5,067,309 ETH, accounting for 85% of its total holdings and valued at approximately $12.7 billion, with current annualized staking rewards of around $334 million.

According to Bitget market data, US and Brent crude oil opened over 1% higher on Monday before trending lower. WTI crude oil fell more than 1.00% on the day, currently trading at $94.31 per barrel, while Brent crude oil pulled back below $99 per barrel, down 0.70% on the day.

Minneapolis Federal Reserve President Neel Kashkari stated that U.S. inflationary pressures are no longer limited to rising energy prices, but have spread across multiple sectors of the economy, especially services. Kashkari noted that U.S. consumers are facing inflation that is "far more than just oil prices," and the Federal Reserve needs to continue pushing inflation back to its 2% target. He added that the U.S. economy and labor market remain resilient, giving the Fed room to address persistent price pressures. Kashkari was one of three Fed officials who supported interest rate hikes in July, warning that more aggressive policy tightening would be needed if inflation persists for too long. The Fed raised interest rates by 25 basis points in September to a range of 3.75% to 4%, marking its first rate hike since 2023. Kashkari did not specify the timing of the next rate hike, but emphasized that if inflationary pressures continue to expand, the Fed has a responsibility to take action to restore price stability.

Canary Capital has submitted the second amended S-1 filing for a SEI staking ETF. The ETF will hold spot SEI and implement major adjustments to its staking mechanism. Per the latest filing, roughly 90% of SEI assets are expected to be staked, with all related assets to be custodied by BitGo.