Coinbase Acquires Crypto Fundraising Firm Echo for $375M

[Mixed Performance of the Three Major U.S. Stock Indexes, Dow Hits Record High] The three major U.S. stock indexes showed mixed results at the close of the latest trading day. The Dow Jones Industrial Average rose 0.47%, once again hitting a record high. The S&P 500 Index closed flat, while the Nasdaq Composite Index slightly declined by 0.16%.

[Decrypt: Bitcoin and Ethereum Rise, Gold Falls After Record High] Bitcoin and Ethereum prices have risen, forming a sharp contrast with the decline in gold prices after reaching a historic high. Gold previously hit a new high due to heightened market risk aversion but subsequently retreated. The rebound in the cryptocurrency market may be related to investors seeking alternative assets, indicating the continued growing appeal of digital assets. (Decrypt)

[South Korea's POSCO adopts JPMorgan's blockchain system for cross-border transfer pilot] South Korea's largest trading company, POSCO International, has adopted JPMorgan's Kinexys blockchain payment system for cross-border fund transfers and has completed a pilot transaction between Singapore and the United States. Both parties have signed a memorandum of understanding.

On the news front, Aave said it would expand its collateral assets with Maple Finance's institutional-grade yield tokens.

[President Trump: Tariffs Can Be Used to Pay Off U.S. Debt] President Trump stated that tariff revenue could be used to pay off the United States' national debt. This viewpoint has sparked widespread discussion. (Watcher.Guru)