XRP falls 4% below $1.30 as bitcoin-led market weakness pulls down majors

MGUSD, issued by Stripe's Bridge, will power services across MoneyGram's global network as stablecoins gain traction in cross-border payments. What to know : MoneyGram announced it launched its U.S. dollar-backed stablecoin MGUSD on the Stellar blockchain on Tuesday. The token will first be available for U.S. users with plans for global rollout across the firm's 60 million customers as stablecoins increasingly compete in cross-border payments. MGUSD is issued by Stripe-owned Bridge, with smart contracts from M0 and wallet infrastructure from Fireblocks.

[Capital B Plans to Raise $122.22 Billion to Increase Bitcoin Holdings] According to BitcoinTreasuries.NET, the French-listed company Capital B (ALCPB) is seeking shareholder approval to raise up to $5.82 billion through the issuance of new shares and refinance up to $116.4 billion through credit instruments. The funds are intended to purchase more Bitcoin.

Mastercard CIO Ken Moore stated that the future of stablecoins, tokenized bank deposits, CBDCs, and fiat currencies lies in interoperability. （Cointelegraph）

[Whale Closes HYPE Long Position with $2.28 Million Profit] According to monitoring by on-chain analyst Onchain Lens (@OnchainLens), a whale closed a HYPE long position with a profit of $2.28 million and switched to holding a $13.6 million HYPE 5x short position. At the same time, the address sold 40,000 HYPE tokens, cashing out $2.85 million. Currently, the address still holds 150,000 HYPE tokens, approximately $10.7 million in value, with cumulative spot position profits of $6.4 million.

According to a report by the Financial Times, the European Central Bank's report shows that by the end of 2025, the proportion of gold in global central bank reserve assets will rise to 27%, up from 20% a year ago; Over the same period, the proportion of US treasury bond bonds fell from 25% to 22%. The proportion of euro denominated reserve assets remains unchanged at 15%. The report points out that geopolitical tensions have driven central banks to increase their demand for gold, and countries are accelerating their search for alternatives to the US dollar.