Jiang Zhuo'er: BTC may first rise to $84000 and then fall back to $72000

According to market strategists at King's Capital, the risk of a 10% pullback in the US stock market has increased due to the approaching midterm elections and seasonal factors. The Lori Calvasina team pointed out that in the past 10 years, the S&P 500 index has fallen in September for 5 years. The mid-term election cycle in the United States has intensified the volatility of AI trading, and the Iran War poses a disadvantageous factor. Lori Calvasina stated that concerns about inflation and interest rates outweigh the positive impact of improved consumer confidence.

United Bank of America has completed testing the use of stablecoin USBDC for real-time cross-border payments, with transactions executed between entities in North America and Europe through the Stellar blockchain. The testing covers the casting, redemption, freezing, and rebate functions of USBDC, and validates the internally developed digital asset platform. United Bank of America is exploring the use of USBDC in cross-border treasury business, liquidity management, and collateral transfer, and has not disclosed a commercialization schedule. (Source: CoinDesk)

The first TRX ETF to be listed in the United States, with the code TRXS, was launched on Cboe today, and its staking rewards will be automatically reinvested into the fund.

The fifth-largest U.S. commercial bank said it is exploring USBDC stablecoin for treasury payments, liquidity management and collateral after completing a live transaction.

Osmosis disclosed the progress of the Nomic chain vulnerability attack, where attackers exploited Nomic's custom forwarding mechanism, known as Double Flower nBTC. The management sub DAO has frozen the entry and exit channels of Nomic and Alloyed BTC on Osmosis, and collaborated with validators to perform an emergency upgrade, freezing 22.65 BTC in the attacker's address. The plan is to use the community pool to repair the Alloyed BTC reserve in the future.