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13:38
Spot Gold Reaches $4,730 per Ounce
Spot gold continues to rise, reaching $4,730 per ounce, with an intraday increase of 0.3%.
13:37
a16z: Invests $75 million in ARC Token, Stablecoin on Par with Visa and PayPal
BlockBeats News, May 11th, Andreessen Horowitz (a16z) announced a $75 million investment in Circle Internet Group's new public blockchain project Arc through ARC tokens. a16z stated that stablecoins are gradually becoming a critical infrastructure of the global financial system, with the annual transaction volume of stablecoins reaching $9 trillion by 2025, on par with Visa and PayPal. Currently, the supply of USD stablecoins has exceeded $270 billion. a16z described Arc as designed to be an institutional-facing "new economic operating system," supporting sub-second settlement, configurable privacy, institutional-grade validation nodes, and USDC-based cross-chain settlement. Arc will natively integrate with Circle's CCTP and plans to collaborate with over 200 partners, including Goldman Sachs, Visa, and Mastercard, to collectively build the ecosystem. a16z believes that as the global financial system gradually moves onto the blockchain, a few blockchain networks will become the underlying infrastructure of the new financial system, with Arc poised to be one of them.
13:36
Bitget US stock token prices: most are down, IREN falls 12.24%, CRCL drops 5.22%
Foresight News reports that according to Bitget market data, in the past 24 hours, most US stock tokens in the crypto sector have declined. IREN fell by 12.24%, CIFR fell by 5.50%, CRCL dropped 5.22%, WULF decreased 4.29%, BTGO was down 2.87%, and BLSH declined 2.83%. On the other hand, SBET rose by 1.42%, GEMI increased 1.19%, and RIOT went up 0.37%.
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