Gate Research Institute: Fiserv announces plans to collaborate with Circle and PayPal to launch a stablecoin | BTFS 4.0 Mainnet upgrade is about to be completed
BTC (+4.24% | Current Price 105,482 USDT): Following U.S. President Donald Trump's announcement that Iran and Israel have agreed to a ceasefire, BTC and other cryptocurrencies experienced a broad rally last night, with BTC briefly breaking above 106,000 USDT. From a trend perspective, 110,000 USDT is a resistance level for BTC, and after holding the key level of 100,000 USDT, it will further aim for 110,000 USDT. On June 23, the net inflow for BTC ETF was 350 million USD, with BlackRock's IBIT seeing a net inflow of 217 million USD, and Fidelity's FBTC having over 100 million USD in net inflow.
ETH (+7.44% 丨 Current price 2,414 USDT): The cryptocurrency market rebounded overall, with ETH holding the 2,400 USDT position. Compared to BTC, ETH has continued to consolidate at this level after rising from 2,100 USDT to 2,400 USDT, and may be expected to further attack 2,500 USDT in the future. On June 23, ETH ETF inflows, with BlackRock ETHA net inflows of $25.8 million and Fidelity FETH net inflows of more than $60 million.
Altcoins: The altcoin market has shown a significant rebound, with XRP rising 6.45% and SOL rising 8.12% in the past 24 hours. The Fear and Greed Index remains at 65, indicating relatively positive market sentiment.
Macro: The de-escalation of the military conflict between Iran and Israel has led to a significant rebound in global capital markets. The Dow Jones closed at 42,581, up 0.89%; The Nasdaq closed at 19,630, up 0.94%; The S&P 500 closed at 6,025, up 0.96%. Gold is currently trading at $3,356, down 0.39% over the last 24 hours.
Trending Tokens on Juejin
SEI SEI* (+34.28%, circulating market cap 1.499 billion USD)*
According to Gate.io market data, the current price of SEI token is 0.270 USD, with a 24-hour increase of 34.28%. The current circulating market capitalization of SEI is 1.499 billion USD.
The Sei network is a high-performance DeFi dedicated first-layer blockchain built on Cosmos. It provides a decentralized trading platform through its built-in Central Limit Order Book (CLOB) module, allowing users to trade directly without intermediaries. Sei's design optimizes trading speed and fees, making it an ideal environment for DEX. The Sei v2 upgrade introduces parallel EVM, further enhancing performance and user experience, supporting transaction throughput of up to 20,000 TPS and approximately 390 milliseconds of transaction confirmation time.
On June 20, Sei's official X account tweeted that the Sei Network has been selected by the Wyoming Stablecoin Committee as a candidate blockchain for WYST, which is a stablecoin in the U.S. backed by fiat currency and will utilize LayerZero's cross-chain bridging technology. At the same time, Sei Network is one of only two blockchains chosen by the Wyoming Stable Token Committee in the previous round. This is a significant proposal for the first state-issued stablecoin in the U.S. This is an important step for Sei to continue leading crypto innovation in the U.S. As a result, SEI's recent token price has entered a significant upward channel.
Movement Network MOVE* (+33.72%, circulating market value 414 million USD)*
According to Gate.io market data, the current price of the MOVE token is 0.16 USD, with a 24-hour increase of 33.72%. The current circulating market capitalization of MOVE is 414 million USD.
The design philosophy of Movement Network is based on the Move programming language, which is a secure programming language developed by the Facebook team specifically for smart contracts, emphasizing asset ownership and security. The uniqueness of Move lies in its representation of assets as resources and its powerful ownership model that prevents the duplication and tampering of assets, making the development of smart contracts simpler and more secure.
One important reason for the increase in MOVE token prices is the announcement made by the Movement Network Foundation on June 21 regarding the recent buyback of 10 million MOVE tokens, which reduced the circulating supply of MOVE tokens in the market, thereby driving up the price.
Liquity LQTY* (+28.50%, circulating market cap 133 million USD)*
According to Gate.io market data, the current price of LQTY token is 1.36 USD, with a 24-hour increase of 28.50%. The current circulating market capitalization of LQTY is 133 million USD.
Liquity is a decentralized lending protocol that allows users to borrow and borrow in a stablecoin called LUSD (pegged to the U.S. dollar) and collateralized by Ethereum. At the same time, it has also introduced a fully redeemable stablecoin, LQTY. The protocol was designed by Robert Lawco to provide a more capital-efficient, lower-risk alternative to existing systems such as MakerDAO. Unlike traditional systems, which require a large amount of overcollateralization to issue stablecoins, Liquity is able to liquidate risky loans on the fly and employ a unique redemption mechanism that minimizes the need for management, thereby reducing collateral requirements.
The main reasons for the rise in the price of LQTY tokens are twofold: on one hand, the X account FishTheWhales tweeted that institutional investors are accumulating LQTY; on the other hand, it is due to the recent positive spillover effects brought about by the gradual advancement of stablecoin policies.
Alpha Interpretation
BTFS 4.0 mainnet upgrade is about to be completed
BTFS(BitTorrent File System), a distributed file storage and sharing system based on the BitTorrent protocol, has released a v4.0 mainnet upgrade on its official website, which will bring a revolutionary technological breakthrough. The new version achieves end-to-end data integrity by fully supporting premium storage service providers (SPs) while launching an airdrop incentive program of up to 750 million BTT per day to increase network engagement and greatly optimize network performance and stability. In order to cooperate with this upgrade, the BTFS official website has been fully revised and upgraded, and more intelligent and convenient user operation experience and real-time ecological data services will be launched in the future.
This mainnet upgrade has a profound impact on the subsequent development of the BitTorrent project. The new version significantly improves network participation and storage service providers' high-quality service capabilities, while optimizing network performance and stability, laying a solid technical foundation for the expansion of the BTFS ecosystem. The comprehensive revision of the official website and the subsequent launch of intelligent user experience and real-time ecological data services will further improve the efficiency of user interaction and ecological transparency, which is expected to attract more users and developers to join, enhance the competitive advantage of BTFS in the distributed storage market, and help the project achieve faster ecological expansion and value growth.
Financial technology company Fiserv announced plans to collaborate with Circle and PayPal to launch a stablecoin.
According to Reuters, U.S.-listed Fiserv disclosed on Monday that it will launch its stablecoin FIUSD by the end of the year and plans to seamlessly integrate it into its existing banking and payment infrastructure. It is understood that FIUSD will operate based on the stablecoin technical framework provided by Paxos and Circle Internet (CRCL.N). Some brokerage analysts pointed out that with the increasing likelihood of the passage of the GENIUS Act, Fiserv's choice of timing to launch stablecoins at this time is quite accurate. In addition, Fiserv announced a partnership with PayPal (PYPL.O) to promote interoperability between FIUSD and PayPal USD (PYUSD) to facilitate more efficient capital flows for consumers and businesses at home and abroad.
Fiserv announced the launch of FIUSD, a stablecoin, and plans to integrate it into its banking and payment infrastructure by the end of the year, marking an important strategic move for traditional fintech companies to accelerate their deployment in the digital currency field, which is of far-reaching significance to the development of the industry. Fiserv's partnership with PayPal further promotes the interoperability of FIUSD and PYUSD, which will significantly improve the efficiency and convenience of cross-border capital flows, providing consumers and businesses with more flexible payment solutions. This move is expected to strengthen Fiserv's leading position in the fintech market, while setting a benchmark for the use of stablecoins in the mainstream financial system, helping to promote the deep integration of digital currencies and traditional finance.
TMTG (Trump Media & Technology Group): The $400 million stock buyback will not affect the establishment of the Bitcoin asset reserve plan.
According to Cointelegraph, TMTG, which owns the Truth Social platform, said its $400 million share buyback program will not affect its plans to build a reserve of Bitcoin assets. TMTG's decision reflects its efforts to optimize its capital structure and explore emerging asset classes. Share buybacks are designed to support shareholder returns and potentially boost the share price, while Bitcoin reserves reflect the company's confidence in cryptocurrencies as a long-term investment. However, given the regulatory uncertainty and potential legislative risks in the cryptocurrency space, investors should carefully assess the long-term impact of these strategies. TMTG's next moves, particularly the progress of the implementation of the Bitcoin Reserve and the progress of the ETF application, will be the focus of the market's attention.
Gate Launchpool
IPO details
Subscription Project: Humanity
Token Name: H
Start time: June 25, 2025, 17:00 (UTC+8)
Participation method: Stake BTC to receive it for free.
Total Mining Reward: 727,273 H
Project Introduction
Humanity Protocol is a blockchain that fights against Sybil attacks and is designed for secure, private, and decentralized authentication. zkProofers play a key role in this, verifying human identities through zero-knowledge proof technology and being rewarded with the protocol's native token, $H. This system protects authenticated human identities and data without storing any personal information. Humanity Protocol is committed to building a world where everyone can prove their humanity, protect their identity, and participate with trust, privacy, and freedom in the digital economy, without sacrificing security and control.
Reference:
[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption currency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer
Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate does not accept any responsibility for losses or damages resulting from such investment decisions.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Gate Research Institute: Fiserv announces plans to collaborate with Circle and PayPal to launch a stablecoin | BTFS 4.0 Mainnet upgrade is about to be completed
Crypto Market Overview
Trending Tokens on Juejin
SEI SEI* (+34.28%, circulating market cap 1.499 billion USD)*
According to Gate.io market data, the current price of SEI token is 0.270 USD, with a 24-hour increase of 34.28%. The current circulating market capitalization of SEI is 1.499 billion USD.
The Sei network is a high-performance DeFi dedicated first-layer blockchain built on Cosmos. It provides a decentralized trading platform through its built-in Central Limit Order Book (CLOB) module, allowing users to trade directly without intermediaries. Sei's design optimizes trading speed and fees, making it an ideal environment for DEX. The Sei v2 upgrade introduces parallel EVM, further enhancing performance and user experience, supporting transaction throughput of up to 20,000 TPS and approximately 390 milliseconds of transaction confirmation time.
On June 20, Sei's official X account tweeted that the Sei Network has been selected by the Wyoming Stablecoin Committee as a candidate blockchain for WYST, which is a stablecoin in the U.S. backed by fiat currency and will utilize LayerZero's cross-chain bridging technology. At the same time, Sei Network is one of only two blockchains chosen by the Wyoming Stable Token Committee in the previous round. This is a significant proposal for the first state-issued stablecoin in the U.S. This is an important step for Sei to continue leading crypto innovation in the U.S. As a result, SEI's recent token price has entered a significant upward channel.
Movement Network MOVE* (+33.72%, circulating market value 414 million USD)*
According to Gate.io market data, the current price of the MOVE token is 0.16 USD, with a 24-hour increase of 33.72%. The current circulating market capitalization of MOVE is 414 million USD.
The design philosophy of Movement Network is based on the Move programming language, which is a secure programming language developed by the Facebook team specifically for smart contracts, emphasizing asset ownership and security. The uniqueness of Move lies in its representation of assets as resources and its powerful ownership model that prevents the duplication and tampering of assets, making the development of smart contracts simpler and more secure.
One important reason for the increase in MOVE token prices is the announcement made by the Movement Network Foundation on June 21 regarding the recent buyback of 10 million MOVE tokens, which reduced the circulating supply of MOVE tokens in the market, thereby driving up the price.
Liquity LQTY* (+28.50%, circulating market cap 133 million USD)*
According to Gate.io market data, the current price of LQTY token is 1.36 USD, with a 24-hour increase of 28.50%. The current circulating market capitalization of LQTY is 133 million USD.
Liquity is a decentralized lending protocol that allows users to borrow and borrow in a stablecoin called LUSD (pegged to the U.S. dollar) and collateralized by Ethereum. At the same time, it has also introduced a fully redeemable stablecoin, LQTY. The protocol was designed by Robert Lawco to provide a more capital-efficient, lower-risk alternative to existing systems such as MakerDAO. Unlike traditional systems, which require a large amount of overcollateralization to issue stablecoins, Liquity is able to liquidate risky loans on the fly and employ a unique redemption mechanism that minimizes the need for management, thereby reducing collateral requirements.
The main reasons for the rise in the price of LQTY tokens are twofold: on one hand, the X account FishTheWhales tweeted that institutional investors are accumulating LQTY; on the other hand, it is due to the recent positive spillover effects brought about by the gradual advancement of stablecoin policies.
Alpha Interpretation
BTFS 4.0 mainnet upgrade is about to be completed
BTFS(BitTorrent File System), a distributed file storage and sharing system based on the BitTorrent protocol, has released a v4.0 mainnet upgrade on its official website, which will bring a revolutionary technological breakthrough. The new version achieves end-to-end data integrity by fully supporting premium storage service providers (SPs) while launching an airdrop incentive program of up to 750 million BTT per day to increase network engagement and greatly optimize network performance and stability. In order to cooperate with this upgrade, the BTFS official website has been fully revised and upgraded, and more intelligent and convenient user operation experience and real-time ecological data services will be launched in the future.
This mainnet upgrade has a profound impact on the subsequent development of the BitTorrent project. The new version significantly improves network participation and storage service providers' high-quality service capabilities, while optimizing network performance and stability, laying a solid technical foundation for the expansion of the BTFS ecosystem. The comprehensive revision of the official website and the subsequent launch of intelligent user experience and real-time ecological data services will further improve the efficiency of user interaction and ecological transparency, which is expected to attract more users and developers to join, enhance the competitive advantage of BTFS in the distributed storage market, and help the project achieve faster ecological expansion and value growth.
Financial technology company Fiserv announced plans to collaborate with Circle and PayPal to launch a stablecoin.
According to Reuters, U.S.-listed Fiserv disclosed on Monday that it will launch its stablecoin FIUSD by the end of the year and plans to seamlessly integrate it into its existing banking and payment infrastructure. It is understood that FIUSD will operate based on the stablecoin technical framework provided by Paxos and Circle Internet (CRCL.N). Some brokerage analysts pointed out that with the increasing likelihood of the passage of the GENIUS Act, Fiserv's choice of timing to launch stablecoins at this time is quite accurate. In addition, Fiserv announced a partnership with PayPal (PYPL.O) to promote interoperability between FIUSD and PayPal USD (PYUSD) to facilitate more efficient capital flows for consumers and businesses at home and abroad.
Fiserv announced the launch of FIUSD, a stablecoin, and plans to integrate it into its banking and payment infrastructure by the end of the year, marking an important strategic move for traditional fintech companies to accelerate their deployment in the digital currency field, which is of far-reaching significance to the development of the industry. Fiserv's partnership with PayPal further promotes the interoperability of FIUSD and PYUSD, which will significantly improve the efficiency and convenience of cross-border capital flows, providing consumers and businesses with more flexible payment solutions. This move is expected to strengthen Fiserv's leading position in the fintech market, while setting a benchmark for the use of stablecoins in the mainstream financial system, helping to promote the deep integration of digital currencies and traditional finance.
TMTG (Trump Media & Technology Group): The $400 million stock buyback will not affect the establishment of the Bitcoin asset reserve plan.
According to Cointelegraph, TMTG, which owns the Truth Social platform, said its $400 million share buyback program will not affect its plans to build a reserve of Bitcoin assets. TMTG's decision reflects its efforts to optimize its capital structure and explore emerging asset classes. Share buybacks are designed to support shareholder returns and potentially boost the share price, while Bitcoin reserves reflect the company's confidence in cryptocurrencies as a long-term investment. However, given the regulatory uncertainty and potential legislative risks in the cryptocurrency space, investors should carefully assess the long-term impact of these strategies. TMTG's next moves, particularly the progress of the implementation of the Bitcoin Reserve and the progress of the ETF application, will be the focus of the market's attention.
Gate Launchpool
IPO details
Project Introduction
Humanity Protocol is a blockchain that fights against Sybil attacks and is designed for secure, private, and decentralized authentication. zkProofers play a key role in this, verifying human identities through zero-knowledge proof technology and being rewarded with the protocol's native token, $H. This system protects authenticated human identities and data without storing any personal information. Humanity Protocol is committed to building a world where everyone can prove their humanity, protect their identity, and participate with trust, privacy, and freedom in the digital economy, without sacrificing security and control.
Reference:
[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption currency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate does not accept any responsibility for losses or damages resulting from such investment decisions.