SoFi Bank, the first US national bank to issue a stablecoin, launched SoFiUSD on Ethereum and Solana, redeemable 1:1 for US dollars and integrated into its banking app with nearly 15 million users. Backed by reserves held at the Federal Reserve, SoFiUSD offers institutional trust and consumer access to digital dollars on public blockchains. This move introduces a new competitor to existing stablecoins like USDC and Tether, with SoFi poised to earn revenue from interest on its Federal Reserve deposits. The dual-chain launch leverages Ethereum's liquidity and Solana's speed, with plans for expansion to other blockchains.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
