U.S. publicly traded company Fiserv disclosed on Monday that it will launch a stablecoin, FIUSD, by the end of the year and plans to seamlessly integrate it into existing banking and payment infrastructure. The BTFS (BitTorrent File System) official website announced the v4.0 mainnet upgrade, which will bring revolutionary technological breakthroughs. Following U.S. President Donald Trump's announcement of a ceasefire agreement between Iran and Israel, cryptocurrencies like BTC experienced a broad rally last night, with market sentiment being optimistic.
Bitcoin (BTC) (+4.24% | Current Price 105,482 USDT): Following U.S. President Donald Trump's announcement of a ceasefire agreement between Iran and Israel, cryptocurrencies like BTC experienced a broad rally last night, with BTC briefly surpassing 106,000 USDT. From a trend perspective, 110,000 USDT is a resistance level for BTC, and after holding the 100,000 USDT integer level, it will further aim for 110,000 USDT. On June 23, BTC ETF saw a net inflow of 350 million USD, with BlackRock's IBIT seeing a net inflow of 217 million USD, and Fidelity's FBTC exceeding 100 million USD in net inflow.
Ethereum (ETH) (+7.44% | Current Price 2,414 USDT): The overall cryptocurrency market rebounded, with ETH stabilizing at the 2,400 USDT level. Compared to BTC, ETH has been consolidating at this position after rising from 2,100 USDT to 2,400 USDT, and may further aim for 2,500 USDT in the future. On June 23, ETH ETF saw total inflows, with BlackRock's ETHA net inflow of 25.8 million USD and Fidelity's FETH exceeding 60 million USD in net inflow.
Altcoins: The altcoin market saw a significant rebound, with XRP rising 6.45% and SOL rising 8.12% in the past 24 hours. The Fear and Greed Index remains at 65, indicating relatively positive market sentiment.
Macro: The easing of military conflict between Iran and Israel has led to a significant rebound in global capital markets. The Dow Jones Industrial Average closed at 42,581 points, up 0.89%; the Nasdaq closed at 19,630 points, up 0.94%; and the S&P 500 closed at 6,025 points, up 0.96%. The current gold price is 3,356 USD, down 0.39% in the past 24 hours.
SEI SEI (+34.28%, Circulating Market Cap 1.499 Billion USD)
According to Gate's market data, the current price of SEI tokens is 0.270 USD, with a 24-hour increase of 34.28%, and SEI currently has a circulating market cap of 1.499 billion USD.
The Sei Network is a high-performance DeFi-focused Layer 1 blockchain built on Cosmos, providing a decentralized trading platform through its built-in Central Limit Order Book (CLOB) module, allowing users to trade directly without intermediaries. Sei's design optimizes trading speed and costs, making it an ideal environment for DEX. The Sei v2 upgrade introduces parallel EVM, further enhancing performance and user experience, supporting transaction throughput of up to 20,000 TPS and approximately 390 milliseconds of transaction confirmation time.
On June 20, Sei's official X account tweeted that the Sei Network has been selected by the Wyoming Stablecoin Committee as a candidate blockchain for WYST, a U.S. stablecoin backed by fiat currency, which will use LayerZero's cross-chain bridging technology. Additionally, Sei Network was one of only two blockchains chosen by the Wyoming Stable Token Committee in the previous round. This is a significant proposal for the first state-issued stablecoin in the U.S. This marks an important step for Sei in continuing to lead U.S. crypto innovation. As a result, the recent token price of SEI has entered a significant upward channel.
Movement Network MOVE (+33.72%, Circulating Market Cap 414 Million USD)
According to Gate's market data, the current price of MOVE tokens is 0.16 USD, with a 24-hour increase of 33.72%, and MOVE currently has a circulating market cap of 414 million USD.
The design philosophy of Movement Network is based on the Move programming language, a secure programming language developed by the Facebook team specifically for smart contracts, emphasizing asset ownership and security. The uniqueness of Move lies in its representation of assets as resources and its strong ownership model that prevents asset duplication and tampering, making smart contract development simpler and safer.
One important reason for the price increase of MOVE tokens is the announcement by the Movement Network Foundation on June 21 regarding the recent repurchase of 10 million MOVE tokens, which reduced the circulating supply of MOVE tokens in the market, thereby driving up the price.
Liquity LQTY (+28.50%, Circulating Market Cap 133 Million USD)
According to Gate's market data, the current price of LQTY tokens is 1.36 USD, with a 24-hour increase of 28.50%, and LQTY currently has a circulating market cap of 133 million USD.
Liquity is a decentralized lending protocol that allows users to borrow using a stablecoin called LUSD (pegged to the U.S. dollar) and use Ethereum as collateral. It also introduces a fully redeemable stablecoin, LQTY. The protocol, designed by Robert Lauko, aims to provide a more capital-efficient and lower-risk alternative to existing systems like MakerDAO. Unlike traditional systems that require significant over-collateralization to issue stablecoins, Liquity can instantaneously liquidate risky loans and employs a unique redemption mechanism that minimizes management requirements, thereby reducing collateral requirements.
The main reasons for the price increase of LQTY tokens are twofold: on one hand, an X account named FishTheWhales tweeted that institutional investors are accumulating LQTY; on the other hand, the recent gradual advancement of stablecoin policies has brought positive spillover effects.
BTFS 4.0 Mainnet Upgrade Nearing Completion
BTFS (BitTorrent File System) is a distributed file storage and sharing system based on the BitTorrent protocol. The official website announced the v4.0 mainnet upgrade, which will bring revolutionary technological breakthroughs. The new version achieves end-to-end data integrity through comprehensive support for quality storage providers (SPs) while launching a daily airdrop incentive program of up to 750 million BTT to enhance network participation and significantly optimize network performance and stability. To accompany this upgrade, the BTFS official website has completed a comprehensive redesign, and will gradually introduce smarter and more convenient user operation experiences and real-time ecological data services.
This mainnet upgrade has far-reaching implications for the future development of the BitTorrent project. The new version significantly enhances network participation and the quality service capabilities of storage providers, while optimizing network performance and stability, laying a solid technical foundation for the expansion of the BTFS ecosystem. The comprehensive redesign of the official website and the subsequent introduction of intelligent user experiences and real-time ecological data services will further enhance user interaction efficiency and ecological transparency, expected to attract more users and developers, strengthen BTFS's competitive advantage in the distributed storage market, and assist the project in achieving faster ecological expansion and value growth.
Financial technology company Fiserv announces plans to collaborate with Circle and PayPal to launch a stablecoin
According to Reuters, U.S. publicly traded company Fiserv disclosed on Monday that it will launch a stablecoin, FIUSD, by the end of the year and plans to seamlessly integrate it into existing banking and payment infrastructure. It is understood that FIUSD will operate based on the stablecoin technology framework provided by Paxos and Circle Internet (CRCL.N). Analysts from brokerage firms pointed out that with the increasing likelihood of the passage of the GENIUS Act, Fiserv's timing for launching the stablecoin is quite precise. Additionally, Fiserv announced a partnership with PayPal (PYPL.O) to promote the interoperability of FIUSD with PayPal USD (PYUSD), facilitating more efficient fund transfers for consumers and businesses both domestically and internationally.
The announcement of Fiserv launching the stablecoin FIUSD and planning to integrate it into its banking and payment infrastructure by the end of the year marks an important strategic move for traditional fintech companies to accelerate their layout in the digital currency field, which has profound significance for industry development. The collaboration between Fiserv and PayPal further promotes the interoperability of FIUSD and PYUSD, significantly enhancing the efficiency and convenience of cross-border fund transfers, providing consumers and businesses with more flexible payment solutions. This move is expected to solidify Fiserv's leading position in the fintech market while setting a benchmark for the application of stablecoins in the mainstream financial system, helping to promote the deep integration of digital currencies and traditional finance.
TMTG (Trump Media & Technology Group): 400 million USD stock buyback will not affect the establishment of Bitcoin asset reserve plan
According to Cointelegraph, TMTG, which owns the Truth Social platform, stated that its 400 million USD stock buyback plan will not affect its plan to establish a Bitcoin asset reserve. This decision by TMTG reflects its efforts to optimize capital structure and explore emerging asset classes. The stock buyback aims to support shareholder returns and potentially boost stock prices, while the Bitcoin reserve reflects the company's confidence in cryptocurrency as a long-term investment. However, given the regulatory uncertainties and potential legislative risks in the cryptocurrency space, investors should cautiously assess the long-term impacts of these strategies. TMTG's next steps, particularly the implementation progress of the Bitcoin reserve and the progress of ETF applications, will be key points of market attention.
Related: Bitcoin (BTC) rebounds to 106,000 USD amid ceasefire in the Middle East and interest rate cut expectations
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