Coinbase向5000余家企业客户推出AI代理USDC支付功能
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Coinbase launches perpetual contract trading competition in India with a top prize pool of 350,000 USDC.
PANews reported on July 8th that Coinbase has launched the "Coinbase Champions Cup: India" perpetual contract trading competition in India, with a total prize pool of up to approximately 350,000 USDC (approximately 330 million rupees). The prize pool will be unlocked in tiers based on the cumulative perpetual contract trading volume of all participating users; the current prize pool is 50,000 USDC. Participants must be legal residents of India, at least 18 years old, have opened a Coinbase Advanced perpetual contract account, and complete at least 100 USDC of trading volume in the designated competition account.
Flutterwave receives investment from Circle Ventures to expand its USDC payment and settlement business in Africa.
According to Foresight News , African fintech company Flutterwave announced it has received investment from Circle Ventures, with the specific investment amount undisclosed. This investment aims to expand Flutterwave's USDC payment and settlement business in Africa. Flutterwave stated that stablecoins are becoming core financial infrastructure, and the company is committed to building faster and more flexible cross-border fund transfer methods to help businesses achieve cash flow. According to a previous report by Foresight News , Ripple acquired a stake in African fintech company Flutterwave in June of this year for a valuation of $3.3 billion.
Data shows that the total market capitalization of stablecoins shrank by approximately $10 billion in the past quarter, with USDC experiencing the largest outflow.
According to Mars Finance, amidst the ongoing adjustments in the cryptocurrency market, the overall market capitalization of stablecoins has decreased by approximately $10 billion, currently standing at around $300 billion. In the past quarter, the total supply of USDT decreased from $189.8 billion to $184.1 billion, an outflow of $5.7 billion; USDC decreased from $79.6 billion to $73 billion, an outflow of $6.6 billion, making it the stablecoin with the largest outflow.
DCo: Stablecoins and asset tokenization are reshaping Web3 business models
According to Mars Finance, a recent report by crypto research firm DCo indicates that the core driving force of the Web3 industry is shifting from asset speculation to practical applications centered on stablecoins and asset tokenization. Data shows that global stablecoin on-chain transactions reached $33 trillion last year, with particularly strong demand for digital dollars in emerging markets such as Latin America. The report points out that improved infrastructure is driving changes in several core areas. On the one hand, the barriers to building new on-chain banks have been significantly lowered, accelerating the implementation of business scenarios such as cross-border payroll; on the other hand, leading institutions such as Kraken are actively integrating tokenized assets, promoting the globalization of traditional financial assets such as US stocks. Furthermore, as the proportion of AI agents in network traffic continues to increase, stablecoins are gradually becoming the underlying payment network for instant settlement, thereby giving rise to new service demands for AI agent payments and risk assessment.
The X platform launches a managed MCP that supports direct API connections for AI agents.
PANews reported on June 30 that, according to Cointelegraph, the X platform has launched a managed MCP (Model Context Protocol), which allows AI agents to connect Grok, Cursor, and other MCP-compatible AI tools to the X API, enabling them to access the X platform's real-time information source without any configuration.
Momenta, dubbed the "first stock in physics AI," has completed its IPO, with its market capitalization once exceeding HK$70 billion.
Odaily Odaily reports that Momenta, dubbed the "first stock in physical AI," has completed its IPO on the Hong Kong Stock Exchange. The offering price was HK$295.6 per share, and the public offering was oversubscribed by 414 times. The stock opened slightly higher, with its market capitalization briefly exceeding HK$70 billion. Assuming the "greenshoe option" (over-allotment option) is fully exercised, the global offering consisted of approximately 22.93 million shares, raising approximately HK$6.8 billion. According to ZhenFund, Momenta announced that its mass-produced business has surpassed 1 million units equipped with its technology.