The US stock market opened higher, and the Nasdaq rose 93 points

[Decrypt: BlackRock Advances Asset Tokenization Technology] The world's largest asset management company, BlackRock, is developing tokenization technology to digitize traditional assets. CEO Larry Fink stated that tokenization can expand access to capital markets and reduce costs. The company has already partnered with major financial platforms. BlackRock manages assets totaling $13.46 trillion, and Fink has consistently supported tokenization technology since 2022, advocating for rapid advancement to reduce intermediary costs. (Decrypt)

[Crypto Lawyers Alliance Plans to Sue Binance, Accusing Insider Trading and Flash Crash] According to Ordinal News, an alliance of top cryptocurrency lawyers is preparing to file a lawsuit against Binance, accusing it of alleged insider trading and the recent market flash crash. This crash resulted in the liquidation of billions of dollars in positions, drawing widespread market attention. Currently, Binance has not officially responded to the allegations, and the progress of the case remains to be further observed.

OKX-ETH/USDT is currently trading at $3899.01, with a 5-minute decline of 0.65%. Please be aware of market fluctuations.

[KPMG: Stablecoins Can Significantly Reduce Cross-Border Payment Costs] A KPMG report highlights that stablecoins are an important use case for transforming cross-border payments, capable of reducing settlement times from days to seconds and lowering transaction costs by up to 99%. Currently, banks process approximately $150 trillion annually through traditional correspondent banking networks, which are inefficient and costly. The report also mentions that companies like JPMorgan and PayPal have demonstrated growing demand for blockchain payment channels.

OKX-BTC/USDT is currently trading at $109071.40, with a 5-minute decline of 0.54%. Please pay attention to market fluctuations.