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The Bank for International Settlements says stablecoins are closer to ETFs than real currencies.
According to Odaily Odaily, the Bank for International Settlements (BIS) stated that stablecoins operate more like ETFs than true currencies because their prices often deviate from parity, and redemptions can be slow or uncertain. The BIS states that stablecoin transfers "are neither settled directly nor indirectly on central bank balance sheets," and currently cannot guarantee parity exchange between different issuers and blockchains under all conditions. The report also warns that dollar-pegged stablecoins are accelerating the dollarization of fragile economies, weakening local currencies, and circumventing traditional capital controls. (CoinDesk)
Geopolitical premiums have subsided, leading to a downward trend in international crude oil prices. Gate CLUSDT contract open interest ranks among the top in the industry.
According to Odaily Odaily, as geopolitical premiums subsided, the international crude oil market continued its downward trend on June 26th. Data from the Gate platform shows that WTI crude oil (CLUSDT) briefly fell below the $70 mark before rebounding, currently trading at $70.62 (+1.12%), with a 24-hour low of $69.06. Amid this volatile market, Coinglass data shows that Gate CLUSDT contracts saw a 24-hour trading volume of $5.52 million and open interest of approximately $8.72 million, placing it among the top performers in the industry. Gate pioneered the perpetual and CFD contract sectors for commodities, covering major energy assets such as BZUSDT (Brent crude oil), CLUSDT (WTI crude oil), and NG (natural gas), supporting 24/7 trading and USDT settlement. Leveraging Gate's innovative unified account system, users can allocate diverse assets across stocks, metals, forex, indices, and commodities without cross-platform operations, enabling them to achieve more flexible and efficient one-stop global asset strategy deployment in volatile market conditions.
Iran refutes Vance's claims about the International Atomic Energy Agency's access to Iran.
According to CNN, Iran stated on Odaily that it will continue to cooperate with the UN nuclear watchdog "in accordance with existing procedures." This comes after a senior US official claimed that Tehran had agreed to allow International Atomic Energy Agency (IAEA) inspectors to return to Iran, a claim Iran refuted. The Islamic Republic News Agency (IRNA) quoted Iranian Foreign Ministry spokesman Bagaei as saying that Iran's interactions with the International Atomic Energy Agency (IAEA) will be conducted "in accordance with Iran's obligations under the safeguards agreement" and "in accordance with the resolutions passed by parliament and the decisions of the Supreme National Security Council." Previously, US Vice President Vance stated at a press conference in Switzerland that Iran had agreed to allow IAEA inspectors to enter the country. (Jinshi)
The A-share PCB concept sector continued its strong performance, with Baoding Technology hitting its second consecutive daily limit, and Yihao New Materials and International Composite Materials rising by more than 10%.
According to Odaily Odaily, the A-share PCB concept sector continued its strong performance, with Baoding Technology hitting its second consecutive daily limit, Yihao New Materials and International Composite Materials rising by more than 10%, and Huazheng New Materials, Shengyi Technology and Dazhu CNC rising by more than 7%.
International oil prices plunged in the short term, with both WTI and Brent crude futures falling by more than 4% intraday.
According to Odaily data, international oil prices briefly plunged, with WTI crude oil futures falling 4.03% to $83.348 per barrel and Brent crude oil futures falling 4.11% to $84.773 per barrel. The US dollar index also weakened, erasing previous gains.
Ebang International wins bid for industrial land in Inner Mongolia to build a high-efficiency amorphous and nanocrystalline new material production base.
Odaily Odaily reports that Nasdaq-listed cryptocurrency mining company Ebang International announced its subsidiary has won a bid for an industrial land parcel in Xinghe County, Ulanqab City, Inner Mongolia Autonomous Region. The subsidiary plans to build a high-efficiency amorphous and nanocrystalline new material production base. The project will leverage Inner Mongolia's wind power, photovoltaic resources, and clean energy policies to focus on the research and development and manufacturing of amorphous and nanocrystalline new materials. The production base will specialize in manufacturing high-magnetic-induction, ultra-low-loss materials, with product performance meeting the latest transformer energy efficiency standards of the U.S. Department of Energy (DOE). These materials can be widely used in photovoltaics, energy storage, new energy power conversion equipment, and smart data centers. (Globenewswire)