Brian Armstrong, writing on the X platform, stated that one of the simplest ways to explain cryptocurrency is that it provides faster, cheaper, and more efficient financial services. The traditional financial system, born around the 1970s, still operates on outdated mainframes in some aspects. This is why basic functions like weekend transfers or low-cost wire transfers are still impossible. The US needs to pass the Clarity Act to guide the industry with clear rules, rather than allowing outdated systems and uncertainty to prevail.

According to Odaily Planet Daily, Robinhood CEO Vlad Tenev stated in an article on the X platform that they are building Trump Accounts to make it the default tool for charitable giving in the United States. Currently, those wishing to donate need to understand complex rules and regulatory requirements, evaluate various charities, confirm whether funds are flowing to their advertised goals, and assess the efficiency of fund usage. Trump Accounts allows donors to directly invest in investment accounts in the names of American children, reducing intermediaries between donors and children. Donors can clearly see where their funds are going, children own the related assets, and there are no fees involved. The investment portfolio can grow at market interest rates over many years. This donation model has significant potential to positively change philanthropy in the United States.

In the past hour, total liquidations across the network reached $10.71 million, with $8.46 million from long positions, with $2.25 million from short positions. BTC liquidation $2.41 million, ETH liquidation $3.29 million.

According to Odaily Planet Daily, BitcoinTreasuries.NET reported on the X platform that MSTR, a Bitcoin treasury company under Strategy, saw a trading volume exceeding $3 billion today, 136% higher than Walmart, the retail giant with a market capitalization of $820 billion.

Odaily Planet Daily reports that the digital euro, issued by the European Central Bank (ECB) and representing public money, is still under development; EURR, on the other hand, is a stablecoin issued by a private institution aimed at maintaining the value of 1 euro. Both are geared towards the instantaneous flow of funds on digital platforms. Fintech company Revolut has launched its euro stablecoin EURR in phases to eligible users in Denmark, Poland, and Portugal, with plans to expand to the European Economic Area in the future. EURR is deployed on the Ethereum network and can be used for on-chain transfers between fiat currency, crypto assets, external wallets, and supported blockchain networks. EURR is issued by Bridge Building, a Stripe subsidiary, not directly by Revolut. ECB Executive Board member Piero Cipollone stated that the digital euro will offer the highest level of privacy currently supported by technology; offline payments will only be visible to the payer and payee, while banks participating in online transactions will still have access to the information needed for anti-money laundering compliance. (Forbes Digital Assets)