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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

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  • 05:57
    Ondo Finance tokenized national debt holders increase by 780% annually, leveraging XRP Ledger to accelerate institutional market penetration
    Ondo Finance, the leading agreement in the tokenized US Treasury bond market, has recently made frequent moves. According to its official disclosure data, the number of OUSG holders of tokenized Treasury bonds on the platform will surge by 780% in 2024, from 1,376 at the beginning of the year to 12,141, occupying 82% of the market share in this field and becoming the core entrance for institutional and individual investors to allocate on-chain Treasury bond assets.   In terms of strategic layout, Ondo announced that it will deploy OUSG to XRP Ledger (XRPL) within the next 6 months, directly reaching the large-scale institutional user group accumulated on the chain. This move not only introduces the first compliance-oriented tokenized national debt asset to the XRPL ecosystem, but also connects institutional-level DeFi application scenarios through composability, promoting the deep integration of on-chain cash management tools and traditional financial systems. Industry observers pointed out that OUSG's cross-chain expansion may further consolidate its first-mover advantage in the RWA (real-world asset) track.
  • 05:55
    SUI welcomes multiple functional updates, and cross-chain support and payment experience are comprehensively improved
    Recently, Mysten Labs co-founder Adeniyi posted on social media that SUI will launch a new feature for transactions via SMS, further enhancing its application convenience. It will provide users around the world with a more direct cross-regional payment method, breaking through the limitations of traditional encrypted transactions.   Meanwhile, SUI Bridge announced on February 4th that it successfully supports cross-chain trading of wBTC. With the introduction of wBTC, the SUI network will receive more asset support in DeFi applications, further promoting the popularity of decentralized trading.   Moreover, Phantom Wallet recently announced the addition of support for the SUI network, further expanding the compatibility and interoperability between SUI and other mainstream chains. This action marks the further development of the SUI network in multi-chain interoperability, providing users with a wider range of asset trading options.   These updates and breakthroughs demonstrate the strategic layout of SUI Network in the fields of payment convenience, cross-chain support, and DeFi, marking its increasingly important role in the encryption ecosystem. With the landing of these new features, SUI's User Experience and market influence are expected to further enhance, promoting its development and application in the global encryption market.
  • 05:54
    XRP on-chain dynamics: Block production was suspended for a while, and 100 million XRP was unlocked from the escrow account
    Recently, Ripple announced the unlocking of 100 million XRP from its escrow account, equivalent to 284 million USD. This move is part of Ripple's management of its total supply of 55 billion XRP. According to the established plan, about 1 billion XRP will be automatically unlocked per month (currently adjusted to 450 million XRP per month). According to the official statement, these unlocked XRP will not immediately enter the market, but will gradually support the development and liquidity of the XRP ecosystem through controlled release.   Meanwhile, XRP Ledger experienced a brief block production pause yesterday, lasting about an hour. After the interruption, the network quickly resumed normal operation without causing any loss to assets. According to the latest official report, after the XRP Ledger network returned to normal, activity quickly resumed, and all verification nodes successfully resumed, ensuring the stability of the blockchain.
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