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BTC $64,262.36 -0.80%
ETH $1,858.96 -0.36%
BNB $587.44 -1.80%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $473.68 -10.35%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9138 -6.63%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

rsa

Gate founder Dr. Han explicitly expressed the intention to go public for the first time, and responded to the layoffs controversy in a conversation with Wu

Recently, Dr. Han, the founder of Gate, was a guest on the Wu Says podcast, where he systematically shared his judgments and thoughts on topics such as market cycles, regulatory compliance, industry layoffs, and paths to listing.Dr. Han stated that although there are phase fluctuations in the current crypto market, it has deeply integrated into the global macro cycle, making it difficult to reproduce the deep bear market triggered by a single event in the early days; the liquidity environment and overall economic expectations remain the core variables affecting the market. On a technical level, he believes that AI is still in the early expansion stage, with real applications continuing to land, and cannot simply be summarized as a "bubble"; user behavior in Web3 is clearly migrating on-chain, and privacy technology and zero-knowledge proofs are expected to become important infrastructure in the future.Regarding changes in industry structure, Dr. Han pointed out that the rise of Perp DEX is due to improvements in on-chain performance, cost reductions, and mature incentive mechanisms, and the integration of centralized platforms with on-chain models will become a long-term trend; the stablecoin sector is showing significant economies of scale.In addition, regarding rumors of layoffs, Dr. Han candidly stated that Gate has maintained a steady hiring pace over the years and has never engaged in aggressive expansion or large-scale layoffs. When discussing future plans, he clearly expressed the intention to go public for the first time, stating that Gate has been promoting compliance and licensing globally for many years, precisely to prepare for "long-term normalization and the possibility of going public." It is reported that as of now, multiple entities of Gate Group have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Malta, the Bahamas, Japan, Australia, the United States, and Dubai.

The Marshall Islands launches the world's first blockchain-based universal basic income program on the Stellar network

According to CoinDesk, the Republic of the Marshall Islands (RMI) has completed the world's first on-chain distribution of Universal Basic Income (UBI) using the digital native sovereign bond USDM1 on the Stellar blockchain.The country's Ministry of Finance confirmed that this multi-million dollar initiative was developed in collaboration with the Stellar Development Foundation (SDF) and infrastructure provider Crossmint, as part of the local UBI program ENRA. This program replaces quarterly physical cash distributions with digital transfers, benefiting many eligible citizens living across various islands. USDM1 is a sovereign bond denominated in US dollars, fully backed by short-term U.S. Treasury securities, and distributed through the Stellar issuance platform to a customized digital wallet application called Lomalo.A spokesperson for the Marshall Islands Ministry of Finance stated that USDM1 is issued under New York law, based on established legal frameworks, rather than regulatory discretion or policy preference. The U.S. Treasury collateral is held by an independent trustee, with redemption rights being fixed, unconditional, and legally enforceable. ENRA is a fiscal distribution program, issuing one unit for every one unit in trust short-term U.S. Treasury securities, fully backed and legally isolated throughout the process. The government emphasizes that USDM1 does not compromise the country's monetary or technological sovereignty. A white paper released alongside the initiative outlines its broader policy and financial framework.
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