XLM Edges Higher 2.6% to $0.25 as U.S. Bank Tests Stablecoin Pilot

Securitize has received regulatory approval from the European Union and plans to launch a tokenized securities platform on the Avalanche blockchain, with relevant deployments currently underway. （CoinDesk）

In the past hour, a total of $101 million in positions have been liquidated, of which the liquidation amount for short positions reached $98.9 million, far higher than the $2 million for long positions. （Cointelegraph）

Tether CEO Paolo Ardoino responded to S&P's rating of Tether, stating that the agency's traditional models have failed to protect investors for decades and stating that Tether has sufficient capital and "no toxic reserves". He added, "We are proud of your disgust." (CoinDesk)

[Federal Reserve Beige Book: Increased Risk of Economic Activity Slowing in the Coming Months] The Federal Reserve Beige Book indicates that some contacts believe the risk of economic activity slowing in the coming months has increased, though certain manufacturers have shown a degree of optimism.

[Federal Reserve Beige Book: Decline in Some Material Prices Due to Weak Demand and Tariff Adjustments] The Federal Reserve Beige Book pointed out that the prices of some materials have declined, with businesses attributing the reasons to weak demand, delayed implementation of tariffs, or reduced tariff rates.