Canada's Six Biggest Banks Team Up on a Shared Digital-Dollar Network
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Canada’s six largest banks explore tokenized Canadian dollar deposits
The country’s largest financial institutions are exploring tokenized deposits for interbank payments, just weeks after regulators clarified how they should be treated.
Nasdaq-listed Empire Digital increased its holdings of Bitcoin by 1,200 coins in six days, worth approximately $72.65 million.
PANews reported on July 7th that, according to Onchain Lens monitoring, Nasdaq-listed Empire Digital has added another 200 bitcoins (worth $12.84 million). In the past six days, the company has accumulated 1200 BTC (worth $72.65 million).
Aptos blockchain was found to have a critical vulnerability, with an attack cost of only a few hundred dollars; the team has promptly fixed it.
PANews reported on July 5th that, according to Coindesk, white-hat hackers at security firm Hexens discovered a vulnerability in the Aptos blockchain, which has since been patched. If maliciously exploited, this vulnerability could have put up to $70 billion in digital assets at systemic risk, including stablecoins and cross-chain bridges. In late February, Hexens researchers reported a critical vulnerability in the Move virtual machine (the execution environment for handling on-chain smart contracts) to the Aptos development team. They described it as an "expiration cache vulnerability" that could lead to type confusion, meaning the software could be tricked into mistaking one on-chain resource for another. Researchers simulated the attack in a real network environment with a success rate exceeding 90%.
The dollar is on track for its biggest weekly drop since April, as expectations for interest rate cuts rise.
According to ChainCatcher, citing Jinshi, the US dollar weakened significantly this week, and is expected to post its biggest weekly drop since April. This was due to a noticeably weaker-than-expected US June jobs data, leading the market to lower its expectations for a near-term Federal Reserve rate hike. The dollar index fell by about 0.5% this week. Against this backdrop, the euro rose to $1.144, a weekly gain of about 0.5%; the pound rose to $1.3352, a weekly gain of about 1.1%. The yen rebounded from near a 40-year low, with the dollar/yen pair briefly falling back to around 161. Analysts pointed out that the dollar's performance is clearly influenced by jobs data and interest rate expectations; if subsequent economic data continues to weaken, the dollar may face further pressure.
Goldman Sachs, BofA Among 21 Banks Planning Joint Dollar Stablecoin Launch
The bank-led consortium wants a U.S. dollar token live by the first half of 2027, with a euro version queued up next.
Bitunix Analyst: Global Funds Await New Policy Signals; Dollar and Energy Continue to Dominate Market Momentum
According to Mars Finance, on June 29th, the global market officially entered a period of intensive events this week. The US non-farm payroll report, the European Central Bank's Sintra Forum, and the joint appearance of the heads of the four major central banks—the US, UK, Europe, and Canada—will jointly determine the market's repricing of global liquidity in the second half of the year. Among these events, the most anticipated will be Federal Reserve Chairman Warsh's first public statement on policy on the international stage. With several Fed officials continuing to release hawkish signals, the market has almost settled on the possibility of "high interest rates remaining for longer or even another rate hike." On the other hand, the situation in the Middle East remains a significant variable affecting risk appetite. Although the US and Iran continue to push for a ceasefire and negotiations in the Strait of Hormuz, Iran has stated that it will have full control of the Strait of Hormuz for the next 30 days, and shipping companies have warned that mine clearance could take months, indicating that the global energy supply chain remains highly uncertain. Meanwhile, Saudi Arabia's upcoming announcement of its August official crude oil prices will also be an important indicator for the market to observe energy demand and global economic conditions. Deeper changes are also emerging in the funding landscape. Large sovereign wealth funds are continuing to increase their allocation to real assets such as energy and infrastructure, reflecting that global capital is beginning to place greater emphasis on supply chain security and asset resilience. For the crypto market, the real focus right now isn't on individual economic data, but rather on whether the US dollar, interest rate expectations, and global liquidity can find a new direction. If Warsh maintains a hawkish stance this week, the non-farm payrolls report remains resilient, and the US dollar continues to strengthen, risk assets may still face pressure for capital reallocation in the short term. Conversely, if policy signals begin to balance, market risk appetite is likely to improve further. Against the backdrop of global capital cost repricing, the crypto market will remain highly sensitive to macroeconomic policies and the US dollar's performance in the short term.