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[Major Japanese Banks Plan to Issue Commercial Stablecoins] According to Sina Finance, major Japanese banks plan to launch stablecoins for commercial use.
[Trump: Plans to meet with Xi Jinping within two weeks to discuss tariff issues] The U.S. Treasury Secretary stated that the meeting between Trump and Chinese President Xi Jinping is expected to take place this month, despite Trump previously threatening to cancel the talks. He also mentioned that the current U.S. tariff policy toward China is unsustainable. (Cointelegraph)
[Whale withdraws 20.8 million USDT from Aster and purchases 143.98 BTC] According to MLM monitoring, the whale who sold 5.07 million HYPE tokens three weeks ago recently withdrew $20.8 million USDT from Aster, transferred it to Hyperliquid, and purchased 143.98 BTC, valued at approximately $16.7 million.
[White House Economic Advisor: The Expected Three Rate Cuts May Be Just the Beginning] White House economic advisor Hassett stated that the Federal Reserve's expected three rate cuts might only be the beginning. He also expressed optimism about the U.S. credit market, believing that the U.S. can always maintain its lead. Additionally, Hassett mentioned that if the U.S. government shutdown continues until this weekend, President Trump may take even tougher actions.
[Erebor Bank Receives Conditional Approval for National Bank Charter from OCC] Erebor Bank has received conditional approval for a national bank charter from the U.S. Office of the Comptroller of the Currency (OCC), becoming the first cryptocurrency-affiliated bank to obtain this license. The bank plans to become a full-service depository institution and has applied to the Federal Deposit Insurance Corporation (FDIC) for deposit insurance. Erebor aims to fill the market gap left by the collapse of Signature, Silvergate, and Silicon Valley Bank, serving businesses in the cryptocurrency and artificial intelligence sectors. Additionally, Japan's Sony applied for a trust charter from the OCC this week, planning to issue stablecoins and provide cryptocurrency custody services through its subsidiary.
[Whale Suffers Nearly $9 Million Loss from High Buy-Low Sell ETH Trades in Half a Month] According to Ember monitoring, a whale sold 7,818 ETH today at an average price of $3,714, incurring a loss of approximately $3.47 million compared to the average purchase price of $4,159 four days ago. Over the past half month, the whale executed two high buy-low sell operations, causing its assets to decrease from 38.017 million DAI to 29.038 million DAI, with a total loss of approximately $8.979 million.