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12:34
Bitget CEO: The main advantages of Bitget IPO Prime are clear underlying asset support and compliant issuance
According to Odaily, Bitget CEO Gracy Chen introduced in a post that the IPO Prime product jointly launched by Bitget and Republic has four core advantages: In terms of underlying assets, it holds real SpaceX equity through an SPV and tokenizes it, with Bitget acting as the guarantor for token settlement; in terms of compliance, Republic has a complete compliance system and extensive pre-IPO issuance experience; regarding participation, both primary market subscription and secondary market trading are supported, allowing users to acquire shares at a lower price; and in terms of liquidity, the market value of preSPAX is about $60 million, significantly higher than similar products at around $5 million, providing a better trading experience.
12:22
The WLFI Governance Committee has decided to burn 4.52 billions tokens and lock 62.3 billions tokens.
The WLFI Governance Committee has voted to burn 4.52 billion tokens and lock 62.3 billion WLFI for 2-5 years. Early supporters will retain their full allocation, while insiders will face a 10% burn.
12:21
The White House is exploring ways to undermine the legal basis of stablecoin yield restrictions, as the CLARITY Act enters a critical stage of debate in the Senate.
According to ChainCatcher, market sources report that the White House Council of Economic Advisers recently released a research report stating that banning stablecoin yields offers very limited protection for bank loans, but would significantly diminish consumers’ ability to earn returns through digital cash. This conclusion directly challenges the core argument of the banking industry's support for a yield ban and provides new policy support for advancing the CLARITY Act.
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