Gemini obtains Singapore cryptocurrency payment service license

Binance Wallet launches BNB Stoneks Szn Meme ranking dashboard, supporting real-time tracking and airdrop activities of BSC on chain Meme tokens, with a total prize pool of $4 million. （Binance Wallet）

Bernstein analysts maintain their outperforming rating for Robinhood Markets and a target price of $160, stating that their Layer 2 network Robinhood Chain has achieved profitability. Since its launch on July 1st, Robinhood Chain's TVL has reached approximately $1.5 billion, with DEX transaction volume exceeding $50 billion. The network currently generates approximately $2 million to $4 million in transaction fees per day, with fee income of approximately $33 million over the past 15 days, surpassing Solana's $11 million and BNB Chain's $9 million.

Jack Dorsey's company Block has applied for a banking license to provide Bitcoin custody services.

Robinhood Chain's daily transaction fee reached 6 million US dollars, and its weekly transaction fee increased to 25 million US dollars. The DEX transaction volume reached 12.4 billion US dollars.

BitUnix analysts pointed out that the volatility of Brent crude oil prices, the $400 million debt pressure in the United States, and the adjustment of Japanese capital allocation have put multiple constraints on the Federal Reserve's monetary policy space. The rise in energy prices has increased inflation stickiness, while the US fiscal deficit and financing demand have pushed up long-term funding costs. The policy changes of the Bank of Japan have also caused uncertainty in US bond demand, putting pressure on approximately $23.5 million of Japanese yen short positions to be replenished. (Source: Federal Reserve)