Odaily Planet Daily reports that Jupiter has officially announced the completion of its beta testing phase for its money market platform, Jupiter Lend, after six months of development and testing. The protocol currently boasts 83,000 users, has passed seven audits and one formal verification, and has not generated any bad debts. Jupiter has launched an audit competition for Jupiter Lend with a prize of $107,000. Built on Fluid, Jupiter Lend currently covers over 40 vaults and has received over $2 million in rewards from Jup, Fluid, and partners.

According to OnchainLens, a blockchain analyst, a whale deposited 60,000 SOL tokens (worth approximately $4.42 million) into the Binance exchange, incurring a massive loss of $7.38 million. This whale had previously withdrawn 111,945 SOL tokens (worth approximately $17.16 million at the time) for staking, and subsequently redeemed these tokens for only $9.78 million.

Odaily Planet Daily reports that the U.S. Commodity Futures Trading Commission (CFTC) has appointed members to its newly formed Innovation Advisory Committee, including the CEOs of Coinbase, Ripple, Robinhood, and Uniswap Labs. Other new members include Chris Dixon of a16z Crypto, Anatoly Yakovenko of Solana Labs, Peter Mintzberg of Grayscale, Sergey Nazarov of Chainlink Labs, and Alana Palmedo of Paradigm. Advisors also include CEOs from traditional companies such as Nasdaq, CME Group, Cboe Global Markets, the Futures Industry Association (FIA), and the International Swaps and Derivatives Association (ISDA). Tom Farley, CEO of Bullish, is also a member of the committee. The 35-member committee aims to provide guidance to the CFTC on the needs of innovative financial companies. CFTC Chairman Mike Selig stated that the committee will be a valuable asset to the CFTC in its efforts to modernize its rules and regulations.

the total open interest amounted to $74175042707.68538, with BTC at $36.60 billion, ETH at $18.97 billion, XRP at $3.47 billion, LTC at $1.35 billion, ETC at $1.27 billion, DASH at $762.93 million, IOTA at $700.89 million, XMR at $374.96 million, . The data is sourced from the quarterly and perpetual contracts on Bitget,dYdX,Deribit,CME,Hyperliquid,Binance,Coinbase,OKX,Bybit,Gate,HTX,Kraken,Crypto.com,Bitfinex,BitMEX. This report is for informational purposes only and does not constitute investment advice.

According to Odaily Planet Daily, citing Jinshi News, South Korea's Finance Minister stated that the country will strengthen regulation of the cryptocurrency market.