BTC $81,364.30 -0.68%
ETH $2,423.57 -1.61%
BNB $718.61 -1.23%
XRP $1.29 -3.07%
SOL $103.83 -1.63%
TRX $0.3365 +0.39%
DOGE $0.0795 -2.73%
ADA $0.2208 -3.57%
BCH $272.36 -3.17%
LINK $12.04 -4.33%
HYPE $78.73 -3.10%
AAVE $154.01 -4.68%
SUI $0.9933 -4.48%
XLM $0.1780 -2.62%
ZEC $1,155.42 -5.39%
AAPL $343.48 -1.45%
AMZN $249.44 -2.06%
GOOGL $340.17 -2.73%
MSFT $528.03 -2.43%
META $709.74 -3.91%
NVDA $214.71 -1.06%
TSLA $352.93 -5.51%
SNDK $1,296.96 -4.24%
INTC $89.49 -4.72%
SPCX $145.41 -2.02%
MU $878.90 -3.36%
AMD $531.00 -3.90%
BTC $81,364.30 -0.68%
ETH $2,423.57 -1.61%
BNB $718.61 -1.23%
XRP $1.29 -3.07%
SOL $103.83 -1.63%
TRX $0.3365 +0.39%
DOGE $0.0795 -2.73%
ADA $0.2208 -3.57%
BCH $272.36 -3.17%
LINK $12.04 -4.33%
HYPE $78.73 -3.10%
AAVE $154.01 -4.68%
SUI $0.9933 -4.48%
XLM $0.1780 -2.62%
ZEC $1,155.42 -5.39%
AAPL $343.48 -1.45%
AMZN $249.44 -2.06%
GOOGL $340.17 -2.73%
MSFT $528.03 -2.43%
META $709.74 -3.91%
NVDA $214.71 -1.06%
TSLA $352.93 -5.51%
SNDK $1,296.96 -4.24%
INTC $89.49 -4.72%
SPCX $145.41 -2.02%
MU $878.90 -3.36%
AMD $531.00 -3.90%

coo

All
Article
Flash

first_img Ecobank signed a memorandum of cooperation with CIPS

On October 12, the Pan-African commercial bank Ecobank signed a memorandum of understanding with the Cross-Border Interbank Payment System Co., Ltd. (CIPS) to strengthen the connectivity of RMB payments between China and Africa. The signing ceremony was held under the witness of the Minister of Finance and Budget of the Republic of Togo, coinciding with the official visit of the President of the Council of Ministers of the Republic of Togo, Faure Gnassingbé, to China.Ecobank Group CEO Jeremy Awori stated that the cooperation will enhance the connectivity between the Chinese RMB payment ecosystem and Ecobank's African network, aiming to facilitate Chinese companies' access to the African market and help African companies participate more effectively in the Chinese market. China is Africa's largest trading partner, with bilateral trade expected to reach approximately $348 billion by 2025. The cooperation is anticipated to make RMB payments smoother, reduce settlement complexity, and improve the accessibility of cross-border payment channels.Ecobank has had a presence in China since 2012 and has officially opened a new office in Beijing, with Chinese business teams in West Africa, Central Africa, and East Africa, providing services such as trade financing, payments, cash management, and cross-border investments. The group's operations cover 34 countries in sub-Saharan Africa as well as France, the UK, the UAE, and China, employing over 14,000 people and serving more than 32 million customers. Recently, it has also collaborated with institutions such as Bank of China (Mauritius), XTransfer, YiBao Payment, and Wanlihui.

first_img Robinhood Chain's daily trading volume decreased by 42%, and on-chain activity continues to cool down

Robinhood Chain's on-chain activity continues to cool down. According to CoinDesk's calculations based on growthepie data, from October 2 to 8, the network's average daily transaction volume was 6.2 million, a decrease of 42% compared to 10.8 million from September 10 to 16, and a drop of 20% from the previous week; during the same period, the average daily active addresses were about 322,000, down 31% from mid-September. Robinhood launched this chain in July, allowing users to trade tokens and lend through applications connected to Ethereum, and plans to introduce around-the-clock trading of tokens linked to stocks and funds.Transaction volume has also declined. From October 2 to 8, the spot trading volume fell to $7.45 billion, down 21% from the previous week's $9.46 billion, with Uniswap handling about 77% of it. However, funds have not fled; on-chain lending and trading application deposits increased by about 2% week-over-week to $1.04 billion, and the supply of stablecoins rose to about $1.1 billion. Perpetual contract trading volume, on the other hand, grew against the trend by 26% to about $7.35 billion.Fee income has shrunk accordingly. During that week, users paid an average of about $65,000 in network fees daily, a decrease of 39% from the previous week, far below the peak of $8 million per day at the beginning of September. According to a report by Bernstein last month, Robinhood retains about 90% of network fees.

Hardware wallet distributor CryptoBilis announced the suspension of Ledger device sales to cooperate with the investigation into financial losses

Hardware wallet dealer CryptoBilis announced that, due to Ledger investigating a case involving fund losses for Southeast Asian users, the company has suspended all sales and shipments of Ledger devices and is cooperating with Ledger's investigation. Ledger previously stated that it is investigating reports of fund losses from Southeast Asian users who purchased products from this dealer, and as a precaution, has requested CryptoBilis to suspend the sales and shipments of related devices, advising users who purchased devices in the past 90 days not to set them up if they have not completed initialization.CryptoBilis reminds users who have completed setup to follow Ledger's advice and transfer their assets to a new Ledger signing device generated with a new mnemonic phrase. It emphasizes that the mnemonic phrase must be generated by the device during initialization and handwritten by the user; if the device comes with a pre-printed or written mnemonic card or paper, or if the mnemonic has been seen by others, the wallet should be considered unsafe, and users should not disclose their mnemonic phrase or PIN to anyone. The notice also warns to be cautious of third parties claiming to assist in recovering lost funds, as such proposals are often scams.For users who have already experienced fund losses, CryptoBilis recommends contacting their official customer service channels and providing the order number, purchase time and location, device serial number, affected wallet address, and transaction ID, while keeping the device and packaging, not resetting or discarding them, and suggests reporting to the police. The company stated that it will not send users links requesting them to connect wallets, input mnemonic phrases, or install software.

first_img AMD CEO Lisa Su visits Samsung again, stating that they will discuss broader cooperation

AMD Chairwoman and CEO Lisa Su arrived at Samsung Electronics' Seocho office building in Seoul at around 4:44 PM on October 7, meeting with Vice Chairman Choi Yong-hyun, head of the Device Solutions Division, approximately seven months after her last visit to South Korea. Jack Huynh, head of AMD's Computing and Graphics Group, and Vice President Joseph Macri accompanied her. Lisa Su stated that both sides would discuss a broader partnership and mentioned that Samsung has many partners; when asked if she would meet with Lee Jae-yong, she said it was inconvenient to disclose.Before visiting Samsung, Lisa Su attended AMD Player Day in Seoul, referring to Samsung and SK Hynix as core supply chain partners and stating that they are planning a long-term supply chain due to rising demand for artificial intelligence. She mentioned that the next-generation MI455 and Helios systems have begun shipping and both use HBM4, supported by two companies, and that the HBM collaboration will not stop at one generation. Reports indicate that the Instinct MI455X features 432GB of HBM4, an increase of 50% compared to the previous generation MI355X's 288GB of HBM3E. She noted that memory supply is very tight and that they are optimizing usage with customers and asking partners to expand production. TrendForce predicted on the 29th of last month that the limited advanced process capacity shared between HBM and regular DRAM may continue to lead to tight supply into next year.Reports state that both parties signed a memorandum of understanding in March this year centered on the supply of HBM4 and next-generation DDR5, designating Samsung as the main supplier of HBM4 for the MI455X and discussing Samsung's contract manufacturing of AMD's next-generation products. Choi Yong-hyun stated at that time that Samsung can provide memory, foundry, and packaging simultaneously.
app_icon
ChainCatcher Building the Web3 world with innovations.