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UMX, incubated by Avenir Group under Li Lin, has launched public testing, bridging cryptocurrency assets and securities trading

On August 10, UMX (The Unified Market Exchange), incubated by Avenir Group under Li Lin, announced the launch of an invitation-only public beta. UMX is positioned as a crypto-friendly securities platform for global professional investors, supporting spot, leverage, contract, and options trading of crypto assets, while also supporting real US stocks, ETFs, and US stock options trading. The aim is to connect crypto assets and real securities trading on the same platform, enhancing the capital efficiency of cross-asset trading.The public beta focuses on opening the capital link between crypto assets and securities accounts, supporting functions such as stablecoin exchange transfers, non-stablecoin collateralized lending, fiat account withdrawals and deposits, and the mutual conversion of securities holdings and stock tokens. To enhance cross-asset capital efficiency, the platform introduces a cross-asset margin mechanism, allowing financial assets to be used as margin. During the public beta, BTC and USDT financial products will also be launched, with the highest annualized returns reaching 2.5% and 5.5%, respectively. This public beta is invitation-only, and users who have not yet obtained a public beta code can reserve the official version and participate in the early bird benefits program.

Starknet completes quantum-resistant signature transfer testing, exploring wallet upgrade paths that do not require migration

Starknet announced that it has completed the quantum-resistant signature transfer test, where a wallet account using a quantum-resistant signature mechanism completed a real transfer on the Starknet mainnet, with a transaction fee of about 6 cents, and can be queried through the block explorer. This account is currently an experimental, unaudited version, mainly used for research testing. StarkWare stated that this transfer benefits from the design of the Starknet account model.Unlike most blockchains that fix the signature algorithm at the protocol layer, each account on Starknet is a smart contract that can autonomously define the accepted signature schemes, allowing users to upgrade their wallets from traditional elliptic curve signatures to quantum-resistant signatures without hard forks, asset migrations, or changing addresses. StarkWare pointed out that most blockchains face quantum computing risks because wallet signatures and underlying verification systems rely on elliptic curve cryptography. Once large-scale quantum computers appear, running Shor's algorithm could potentially break the related encryption systems. Currently, the Starknet ecosystem supports a quantum-resistant signature scheme based on Falcon-512, which is part of the NIST post-quantum cryptography standardization process, with relevant implementations promoted by ecosystem teams and organizations such as OpenZeppelin.

Mastercard and Borderless launch a pilot project to test a stablecoin cross-border payment verification system

According to Cointelegraph, payment giant Mastercard has announced a pilot project with the stablecoin infrastructure network Borderless to explore the use of the Mastercard Crypto Credential standard framework to provide more reliable identity verification and compliance support for cross-border stablecoin payments.Both parties stated that the pilot will test how to provide "trust signals" that can be used for approval, compliance review, and risk management for transaction participants through a standardized certification mechanism, reducing compliance friction in cross-border stablecoin payments.The Mastercard Crypto Credential framework provides identity confirmation and credibility assurance for blockchain transactions through unified standards and verification mechanisms. Kevin Lehtiniitty, co-founder and CEO of Borderless, stated that compliance has always been a major barrier to the scalable development of stablecoin payments, and Mastercard is attempting to apply the compliance trust model from traditional finance to the digital asset payment space. He pointed out that the Mastercard Crypto Credential will serve as a governance and verification layer in this pilot, but Mastercard will not directly handle or settle funds. This collaboration is the latest move in Mastercard's ongoing strategy in the stablecoin space.Previously, Mastercard had just completed the acquisition of stablecoin infrastructure company BVNK for approximately $1.8 billion, further strengthening its infrastructure layout in the digital asset payment field. In June of this year, Mastercard also announced plans to expand its settlement capabilities to support round-the-clock card payment settlements using stablecoins, including USDC issued by Circle, PYUSD, USDG, USDP issued by Paxos, and RLUSD issued by Ripple.The market believes that as stablecoins gradually enter cross-border payment scenarios, identity authentication, compliance verification, and risk control infrastructure will become important factors driving institutional adoption.

Bitget CFD Chief Analyst: Non-farm payrolls will test the resilience of the U.S. economy, and the dollar and gold may face directional choices

Bitget CFD Chief Analyst Lewis Huang pointed out in a live broadcast that this week's market focus has shifted from tech stock earnings reports back to U.S. employment data and Fed policy expectations.The key to this non-farm report is not just the number of new jobs added, but whether the unemployment rate, average hourly wage, and previous values' revisions collectively indicate a "orderly cooling" or "significant slowdown" in the labor market.Lewis Huang stated that if non-farm employment and wage data are both stronger than expected, the market will lower short-term rate cut bets, U.S. Treasury yields and the dollar are expected to strengthen, while gold and high-valuation tech stocks will face pressure; conversely, if employment, wages, and previous values' revisions all weaken, the market will raise expectations for Fed easing, and gold and non-U.S. currencies may receive support.He advised CFD traders to avoid chasing orders in the first minute after data is released, and to focus on observing whether the U.S. two-year Treasury yield, the dollar index, and gold form a synchronized confirmation, and to wait for a pullback opportunity after a key price level breakout. The current trading focus is not simply betting on the data's highs and lows, but rather judging how the non-farm report will change the market's pricing of the Fed's policy path.

Gate's latest reserve report: Overall reserve ratio increased to 117%, core asset reserves continue to rise

According to the official announcement, Gate has released the latest reserve report. As of July 27, 2026, the overall reserve coverage of the platform reached 117%, significantly higher than the industry safety benchmark of 100%. The reserves cover nearly 500 different types of user assets, continuously ensuring the security of user assets through verifiable mechanisms. Among them, the reserve scale of core assets continues to grow.The BTC user asset scale increased from 19,054 to 21,557, corresponding to a platform-held reserve of 26,775, with an excess reserve ratio of 24.2%; the ETH user assets grew from 344,935 to 374,348, with the corresponding platform-held reserves also increasing from 423,960 to 456,798, resulting in an excess reserve ratio of 22.02%.In terms of stablecoins, the total user assets of USDT, USDC, USD1, and GUSD amounted to 1.336 billion, corresponding to a total platform reserve of 1.59 billion, with a comprehensive reserve ratio of 118.97% and an excess reserve ratio of 18.97%, reflecting the platform's emphasis on the security of user assets and its ability to maintain sufficient liquidity.In addition, the reserve ratios for major assets such as GT and XRP are also significantly above the 100% reserve standard, reaching 131.13% and 116.5%, respectively. Gate's latest reserve report shows that its core asset reserve scale remains robust, providing strong assurance for the safety of user funds and the stability of platform operations.
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