1. Plasma has transferred over 1 billion USDT to USDT0, preparing for the mainnet launch
2. XPL surged over 15% in the pre-market trading, currently priced at $0.8443
3. Crypto market continues to decline, with Ethereum on the brink of breaking the $4000 mark
5. GoPlus: GAIN's abnormal minting event methodology similar to the Yala incident
A funding news from the stablecoin giant Tether is enough to make the entire traditional financial sector hold its breath. According to Bloomberg, the "central bank of the crypto world," managing nearly $173 billion USDT, is seeking a massive private funding round of 150-200 billion dollars at a valuation of up to 500 billion dollars. What does this number mean? It means that Tether's scale will directly rival global top tech unicorns like OpenAI and SpaceX, and its staggering $4.9 billion quarterly net profit puts many traditional financial institutions to shame. This is not just funding; this is a "hidden whale" rising from the crypto world, making a value declaration to the traditional financial system.
2. "Plasma, Highly Anticipated, Goes Live Tonight, Can It Change the On-Chain Payment Landscape?"
We've all heard the classic business metaphor: "Rather be the head of a chicken than the tail of a phoenix." Plasma embodies this in the world of on-chain payments and revenue markets. Plasma is not positioning itself as yet another general-purpose chain, competing with flashy technical innovations that bring little real-world utility. Instead, it laser-focuses on becoming infrastructure for institutional use.
September 25th On-Chain Fund Flow
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