The US stock market closed with mixed gains and losses, with the Nasdaq closing down 0.36%
2025-02-11 21:01
At the close of the US stock market, the Dow Jones Industrial Average rose 0.28%, the Nasdaq fell 0.36%, and the S&P 500 index rose 0.03%.
At the close of the US stock market, the Dow Jones Industrial Average rose 0.28%, the Nasdaq fell 0.36%, and the S&P 500 index rose 0.03%.
Odaily Planet Daily News: According to Moon shot listings, Moon shot has been launched on VIRTUAL. Previously, it was reported that VIR-TUAL tokens can now be traded on Solana, and Launch Pad is about to be launched. Users can use the Stargate bridge to bridge VIR-TUAL between Base and Solana, enhancing cross chain interoperability.
Odaily Planet Daily News: On the 11th local time, American Oversight, a non partisan monitoring organization in the United States, filed a lawsuit in federal court in Washington, D.C., requesting access to records from the Department of Government Efficiency. The organization believes that although Musk, the head of the government efficiency department, has promised to maintain maximum transparency in the department's actions, the department's structure determines that its communications will remain confidential. It is reported that the lawyers of the supervisory organization believe that the Ministry of Government Efficiency should be bound by the Freedom of Information Act. The White House spokesperson previously stated that the Department of Government Efficiency is subject to the Presidential Records Act. The National Archives and Records Administration of the United States has stated that documents within the jurisdiction of the Presidential Records Act cannot be released through the Freedom of Information Act for at least five years after the end of the current administration's term. (Golden Ten)
Today, 4 cryptocurrency projects are unlocking tokens: ZKJ unlocks approximately 17.22 million pieces (approximately 35.3 million US dollars), accounting for 1.722% of the total supply. The current circulation is 210 million pieces, with a total of 1 billion pieces; ATH unlocks approximately 630 million pieces (about 23.63 million US dollars), accounting for about 1.5% of the total supply. The current circulation is 4.94 billion pieces, with a total of 42 billion pieces; ENA unlocks approximately 12.86 million pieces (approximately 5.74 million US dollars), accounting for 0.086% of the total supply. The current circulation is 2.13 billion pieces, with a total of 15 billion pieces; WMTX unlocks approximately 16.04 million pieces (approximately 4.47 million US dollars), accounting for 0.802% of the total supply, with a current circulation of 940 million pieces and a total of 2 billion pieces; If the unlocked tokens flow into the market or there is a tendency to sell, please pay attention to the market changes after the tokens are unlocked.
Odaily Planet Daily News: Token Terminal data shows that Solana's market share in monthly transaction fees and MEV expenditures between Ethereum and Solana ecosystems has increased from about 7% to about 70% within a year.
Odaily Planet Daily News: The Republican and Democratic leadership in the United States have recently proposed their own ways of regulating stablecoins. Last week, the Chairman of the House Financial Services Committee, French Hill, released a legislative draft that proposed giving the Office of the Superintendent of Currency the power to "approve and supervise qualified non bank stablecoin issuers for federal payments," rather than providing a federal pathway through the Federal Reserve for "payment stablecoin issuers. On Monday, Maxine Waters, a senior Democrat and California Congressman on the committee, released a discussion paper that included wording regarding the federal regulatory agency for stablecoins. Former CFTC Chairman Timothy Massad testified at Tuesday's hearing, criticizing the Republican led stablecoin bill and stating that it has some shortcomings, including weaker standards in states and the federal government's lack of ongoing oversight of states, bluntly stating that "this is a prescription for creating chaos Since 2022, Waters has been working with Patrick McHenry, the current chairman of the House Financial Services Committee and a Republican from North Carolina, to develop a regulatory framework for stablecoins. Last year, a Republican led committee passed a bill. At the time, Waters called the bill "seriously problematic" because one provision allowed state regulators to approve stablecoin issuances without the Fed's opinion. Waters said on Tuesday, "I believe this legislation provides the best foundation for pushing the federal framework into law Ji Kim, Chairman and Acting CEO of the Crypto Innovation Committee, stated in a prepared testimony that stablecoins are rapidly gaining popularity. Kim also called on Congress to establish requirements that stablecoin issuers must comply with, including appropriate registration, reserve requirements, redemption procedures, general provisions prohibiting re collateralization, compliance with BSA (Bank Secrecy Act), and so on Investment bank TD Cowen stated that Hill's discussion draft is "feasible," but noted that future negotiations may be partisan and will only be reached after Congress deals with the expiring tax cuts by the end of this year. The TD Cowen Washington research group led by Jaret Seiberg also stated that Waters' bill would give the Federal Reserve power over non bank issuers. Seiberg wrote in a report on Monday: 'We believe that the Waters and Hill bills are close enough that reaching an agreement is feasible.'. The obstacle is political, as President Trump's attempt to shut down the Consumer Financial Protection Bureau has made it difficult for Democrats to reach an agreement with Republicans. This is another reason why we believe we will not take action soon （The Block）