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  • 03:23
    Airwallex Co-Founder: The Cost of Converting from Stablecoins to Payee Currency is Much Higher than Interbank Forex Transactions
    According to a report by Jinse Finance, Jack Zhang, co-founder of the enterprise payment and financial platform Airwallex, expressed skepticism on social media about the practicality of stablecoins in mainstream currency cross-border transactions. Zhang pointed out that in transactions between G10 currencies, the existing banking system can transfer funds in real-time at a cost of less than 0.01%, making it difficult for stablecoins to offer a more competitive solution. He believes that the off-ramp transaction costs from stablecoins to the recipient's currency are much higher than interbank forex transactions. Zhang stated that stablecoins might provide regulatory arbitrage opportunities in emerging markets such as Latin America or Africa, but their advantages in mainstream currency transactions are not apparent. Zhang also noted that compared to technologies like artificial intelligence, the cryptocurrency field has not demonstrated clear practical use cases over the past 15 years, and he remains cautious about the future development prospects of Web3.
  • 03:19
    RootData: VANA to Unlock Tokens Worth Approximately $9.61 Million in One Week
    According to ChainCatcher, based on token unlocking data from the Web3 asset data platform RootData, vana (VANA) will unlock approximately 1.62 million tokens, valued at around 9.61 million USD, on June 16 at 19:00 (GMT+8).
  • 03:19
    24-Hour Spot Capital Inflow/Outflow Ranking: BTC Net Inflow of $38.92 Million, ETH Net Outflow of $39.72 Million
    According to a report by Jinse Finance, Coinglass data shows the following net inflows of cryptocurrency spot funds in the past 24 hours: BTC net inflow of $38.92 million; USDT net inflow of $34.26 million; TAO net inflow of $3.39 million; USDC net inflow of $2.96 million; XLM net inflow of $2.5 million. The net outflows of cryptocurrency spot funds are as follows: ETH net outflow of $39.72 million; PEPE net outflow of $15.93 million; DOGE net outflow of $11.73 million; TRX net outflow of $9.46 million; AO net outflow of $8.56 million.
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