[Fasset Secures $68 Million Funding Led by SBI Group, Valuation Reaches $1 Billion] According to CoinDesk, stablecoin neobank Fasset has secured $68 million in funding led by SBI Group, bringing its valuation to $1 billion. Fasset's annualized trading volume exceeds $40 billion, spanning 125 countries, with revenue growing approximately sixfold year-over-year. The company has been profitable for 12 consecutive months. Fasset has built a proprietary Layer 2 network, OWN, on Arbitrum, providing cross-border payment services for stablecoin settlements to institutions and individuals. It has also partnered with SBI Remit to integrate into its remittance network, which covers 200 countries.

A trader has failed to short BTC and ETH 14 times in a row in the past 5 days, with a cumulative loss of 4.56 million US dollars. Currently, he has shorted 300 BTC worth 23.13 million US dollars with 40 times leverage at address 0x004e... 1bb8. （Lookonchain）

Bitcoin holds above $77,000 after a 21% week, with XRP up 46% over the same stretch. Asian stocks fell as Samsung and Alibaba slid.

According to Bloomberg, SoftBank plans to issue $6.3 billion in retail bonds in Japan to raise funds for OpenAI's investment commitment.

Robinhood co-founder Vlad Tenev stated on The Iced Coffee Hour that Robinhood on chain developers have built a liquidity pool and protocol that combines Meme coins, mainstream cryptocurrency assets, and stock tokens. Meme coin is serving as an entry point to connect users with real stock tokens. Robinhood aims to increase the proportion of households holding stocks in the United States from approximately 65% to over 95%, and tokenization is a key means to achieve this goal, allowing high-quality US stocks and other RWAs to be distributed to users worldwide.