[Federal Reserve Governor Milan: Stablecoins May Impact Neutral Interest Rate and Zero Lower Bound Risk]
Federal Reserve Governor Milan stated that the widespread use of stablecoins could increase the risk of hitting the zero lower bound, while the extensive use of stablecoins might lower the neutral interest rate.
The current total market value of cryptocurrencies is $3.65 trillion, with a 24-hour growth of $98.314 billion, an increase of 2.77%. Among them, Bitcoin accounts for 56.44% of the market value, while Ethereum accounts for 11.56% of the market value.
OKX-BTC/USDT is currently trading at $102983.10, with a 5-minute increase of 0.01%. Please be aware of market fluctuations.
Ripple cancels IPO plan and raises $500 million in funding
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Ripple announced the cancellation of its initial public offering (IPO) plan, despite receiving legal and new investor support, and completing a $500 million funding round, resulting in a company valuation of $40 billion. （Cointelegraph）