Google Cloud develops its own Blockchain, Bitcoin faces a fall risk.

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[Coin World] The following article is adapted from a newsletter of a certain platform, "The Daily," which is published on weekday afternoons. Happy Wednesday! After a brief trip, I am back in the hot seat of the newsletter. During my absence, the platform's OG Yogita Khatri took over the work—she also wrote "The Funding," a bi-weekly summary of Crypto Assets venture capital trends. The latest issue discusses why raising Crypto Assets venture capital funds remains challenging even during a bull run. This book is definitely worth a read—and like "The Daily," the subscription is free!

In today's newsletter, Google Cloud is developing its own blockchain, K33 warns that Bitcoin's price faces further downside risks amid soaring leverage and a rotation into Ethereum. Aave Labs launched a new stablecoin lending platform for institutions, and so on. Meanwhile, the founder-backed fund Avail acquired Arcana, offering a 4:1 AVAIL exchange rate for XAR token holders. Let's get started.

According to Rich Widmann, the Web3 strategy director at Google Cloud, Google Cloud is building a blockchain called Universal Ledger (GCUL) to provide programmable payments and asset management services for financial institutions.

K33 indicates that the recent price weakness of Bitcoin may not be over yet, as the surge in leverage and a significant amount of funds shifting towards Ethereum make this most important Crypto Asset likely to decline further in the short term.

Aave Labs has launched Horizon, a platform that allows institutions to borrow stablecoins such as USDC, RLUSD, and GHO in exchange for tokenized U.S. Treasuries and other real-world assets.

KindlyMD submitted a registration statement to the U.S. Securities and Exchange Commission to suspend the registration, planning to issue up to $5 billion in stock on the market to fund its Bitcoin funds and company operations.

The Secretary of Commerce, Howard Lutnick, stated that the U.S. will begin using blockchain technology to release economic data such as GDP to enhance transparency and accessibility within the government.

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FarmHoppervip
· 5h ago
The speed of suckers in the crypto world going for a Rug Pull.
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ZKSherlockvip
· 17h ago
actually... google's entry raises serious trust-assumption concerns tbh. centralized validation? *sigh*
Reply0
HalfPositionRunnervip
· 17h ago
It's time to Be Played for Suckers again~
View OriginalReply0
LiquidityHuntervip
· 17h ago
Market liquidity has been overdrawn to a 158.3% Depth, and a sharp pullback is inevitable in the short term.
View OriginalReply0
MevWhisperervip
· 17h ago
Hehe, big companies are entering the market, retail investors are Cut Loss.
View OriginalReply0
ConsensusBotvip
· 18h ago
Tsk, Google is also playing with blockchain, right?
View OriginalReply0
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