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According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.
"Yongxing-Guofu-Ningbo Intellectual Property Asset Support Special Plan (Specialization and Innovation)" with Yongzheng Asset Management as the manager and Yongxing Securities as the sales organization held a listing ceremony on the Shanghai Stock Exchange. The first issue size was 138 million yuan, with a term of 1 year and a coupon rate of 2.2%. The product's priority bond rating was AAA, and it was the first knowledge-based securities product to be invested in digital RMB form nationwide, and also a breakthrough in the Ningbo knowledge-based securities project.
market showed that APT broke through $9.5 and is now reporting at $9.51, with a 24-hour drop of 4.04%. The market is volatile, so please be prepared for risk control.
the market shows BTC has fallen below $72,000, currently trading at $71,959.7 with a 24-hour increase of 0.69%. The market is volatile, please be prepared for risk control.
On August 17th, Franklin Templeton, an asset management company, is seeking to launch a new exchange-traded fund (ETF) that aims to be a one-stop-shop cryptocurrency investment portfolio, according to a document dated August 16th. The document states that the Franklin Crypto Index ETF will track the performance of the CF Benchmarks Digital Asset Index, which currently only includes Bitcoin and Ethereum. The document states that "the fund will achieve its investment objective by investing in digital assets with weights that are roughly similar to those of the underlying index," and that the ETF may hold other types of cryptocurrencies in the future.
Jenny Johnson, President and CEO of Franklin Templeton, said that the progress of cryptocurrencies should not be ignored, as companies built on first-tier platforms such as Ethereum, Solana, and Cardano are real companies that will compete with traditional companies. As long as there is the ability to exchange for legal tender, it has value and may threaten some old models because it can make people almost part of the network. When you expand the network, you will receive rewards like shareholders, which changes the relationship between asset owners and assets. Jenny Johnson added that whether it is a mutual fund or an ETF, the technology that ultimately drives them will be blockchain, and traditional exchanges need to update computer systems to settle funds in batches at night, which will be eliminated by blockchain. Blockchain basically does three things: payment mechanisms, smart contract capabilities, and a ledger that ensures ownership.
Franklin Templeton's digital asset manager, Roger Baston, stated that financial innovators are engaged in a long-term game with the U.S. Securities and Exchange Commission (SEC). Compared to last year, the situation with the SEC is changing this year, and Franklin Templeton has had a pleasant cooperation with the SEC. They are pleased to see the SEC changing its attitude and tone.
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