稳定币发行商Mandela Digital完成500万美元融资，Datavault AI参投
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Dollar sell-off occurred in the USD/KRW forward market in connection with the SK Hynix ADR listing.
According to Odaily Odaily, sources say there has been a sell-off of US dollars in the USD/KRW forward market related to the SK Hynix ADR listing. (Jinshi)
BlackRock's Aladdin partners with Ethena to expand the interoperability of the BUIDL stablecoin with RWA.
Odaily Odaily reports that BlackRock and Ethena Labs have announced a collaboration to provide institutional investors with deeper access to Ethena-related products on BlackRock's Aladdin platform and to enhance the liquidity and interoperability of its tokenized dollar instruments, including BUIDL. Under the agreement, Ethena will support a $100 million liquidity facility through Securitize for BlackRock's USD Institutional Digital Liquidity Fund (BUIDL). This facility allows eligible clients to exchange BUIDL for USDC, USDtb, and other supported stablecoins, with two-way conversions possible outside of trading hours. Robert Mitchnick, Head of Digital Assets at BlackRock, stated that this liquidity arrangement will enhance the frictionless interoperability of tokenized Treasury bonds, further unlocking the structural advantages of on-chain Treasury products. BUIDL, an Ethereum-based tokenized US Treasury fund launched in 2024, currently manages approximately $3 billion, making it one of the world's largest tokenized Treasury product offerings. This collaboration also further strengthens BlackRock's presence in the real-world assets (RWA) and digital dollar infrastructure sectors. (The Block)
US Treasury Secretary praises Warsh for removing forward guidance and reiterates the dollar's dominance.
Mars Finance reported on June 24th that US Treasury Secretary Bessenter praised Federal Reserve Chairman Warsh for eliminating forward guidance, while also stating that no one should be making dot plot forecasts. Regarding the economy, he expects real wage growth to return to its pre-April pace and anticipates accelerated economic growth for the remainder of the year without pushing up inflation. He emphasized the crucial importance of the dollar's dominance. He believes that after the Ukraine crisis, Russia will want to restore the dollar system, and the new Venezuela is returning to it. The dollar can remain strong during periods of interest rate cuts, and the US is happy to take the right steps to maintain its strength. Regarding Iran, Bessenter stated that the US Treasury will oversee the allocation of funds to Iran, which will initially be disbursed through Qatar. A significant portion will be used to purchase US food and medicine overseen by the Treasury, and any funds received by Iran should belong to the Iranian people. (Jinshi)
Pharos incubator invests in Faroo at a valuation of tens of millions of dollars; Faroo has already launched the RWA Hybrid Vault product.
Foresight News , Pharos Network, an L1 public blockchain focused on real-world finance and AI, announced Faroo, the first project incubated under its Pharos Incubation Program. Faroo will receive comprehensive investment and resource support from Pharos, with a confirmed valuation of $10 million. Simultaneously, Faroo launched an innovative RWA Hybrid Vault product, expanding the revenue-generating scenarios for PROS token holders. Previously, in February of this year, Pharos announced the launch of a $10 million incubator program with the core mission of connecting real assets with on-chain finance. The program aims to support early-stage teams in building innovative applications at the intersection of RWA and DeFi. Participants will receive assistance including technical guidance, product launch support, and investor networking opportunities. Faroo's technical solution is built on the Bifrost SLPx module, combining L1-level security with native cross-chain interoperability.
Michael Saylor: Digital lending enabled Strategy to buy 175,000 BTC during this year's bear market.
Odaily Odaily reports that Michael Saylor stated that combining capital, credit, and currency creates opportunities worth trillions of dollars—a "divine trinity." Digital credit enabled Strategy to buy 175,000 BTC during this year's bear market. (BitcoinTreasuries.NET)
Analysts: Don't expect Walsh to provide forward guidance tonight.
Odaily Odaily reports that tonight, investors will hear from Federal Reserve Chairman Warsh again, marking his first public speech since his debut at the Fed's policy meeting two weeks ago. However, investors shouldn't expect him to actually provide forward guidance on future monetary policy, as Warsh has made it clear he wants to reduce the use of forward guidance, believing it doesn't help the Fed in practice. He might, however, offer some insights on how to assess inflation and the economy. Krishna Guha, head of strategy and economics at Evercore ISI, said, "We will be watching how he articulates the inflation outlook and its drivers, including lower oil prices, easing inflation expectations, other commodities, a stronger dollar, and the cost spillover effects of artificial intelligence." (Jinshi)