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Share link:In this post: Dune Analytics data shows that almost 60% of transactions on XRPL are payments. The network is seeing growth across all sectors, including DeFi, but payments remain its bread and butter. XRP could see a massive surge in value with XRPL rising activity and Ripple set to end the case with the SEC.
Share link:In this post: Elon Musk’s X is in a legal battle with the Indian government over content moderation. India’s Solicitor General rebuked the lawyer’s comments, emphasizing that government officials are legitimate statutory functionaries. Neither party is willing to concede ground as Musk’s feud with the Narendra Modi administration enters long-term territory.
Share link:In this post: Xiaomi customers face 38–60 week-long delays for their YU7 electric SUVs. Over 400 complaints have been lodged after buyers paid a non-refundable 5,000 yuan deposit before they learned about the long wait. Buyers fear losing out on China’s EV tax exemptions, which expire in 2025, and could potentially raise the final costs of the vehicle.
Share link:In this post: Chinese economists urge Beijing to consider yuan-linked stablecoins amid US regulatory breakthroughs. PBOC officials signal openness, citing stablecoins’ potential to transform global payments. Hong Kong emerges as a key testbed for offshore digital yuan initiatives.
- 16:17A whale withdrew 200,000 TRUMP tokens worth $1.7 million from an exchange two hours agoAccording to Jinse Finance, Onchain Lens monitoring shows that a certain whale withdrew 200,000 TRUMP tokens, worth $1.7 million, from an exchange two hours ago. Over the past 40 days, this whale has accumulated 625,765 TRUMP tokens, currently valued at $5.33 million, and is facing a loss of $904,000.
- 16:13US Treasury Secretary: Tariff Revenue Expected to Rise to $300 Billion by Year-EndAccording to a report by Jinse Finance, U.S. Treasury Secretary Bessent stated that $100 billion in tariffs have been collected so far, and tariff revenue is expected to increase to $300 billion by the end of the year.
- 16:08Data: $159 million in liquidations across the network in the past 24 hours, with $102 million in long positions and $57.72 million in short positions liquidatedAccording to ChainCatcher, citing data from Coinglass, liquidations across the entire network reached $159 million in the past 24 hours, with long positions accounting for $102 million and short positions for $57.72 million. Among these, Bitcoin long positions saw $23.69 million in liquidations, while Bitcoin short positions accounted for $12.01 million. Ethereum long positions were liquidated for $16.83 million, and Ethereum short positions for $17.14 million. In addition, over the past 24 hours, a total of 73,254 traders were liquidated globally, with the largest single liquidation occurring on a certain exchange's BTCUSDT pair, valued at $1.946 million.