News

Jinse Finance reported that Brazilian fintech company Tanssi is launching a government-backed blockchain project to provide microloans to small rural producers in São Paulo through a mobile application and physical payment terminals. The project uses blockchain infrastructure built by Tanssi, enabling predictable transaction fees and reliability, instead of relying on public blockchains such as Ethereum or Solana. It is expected to launch next month.

Jinse Finance reported that as the probability of a US interest rate cut in December rose to a monthly high of 87% on the prediction market Polymarket, several crypto-related stocks surged on Friday. Three US-listed bitcoin mining companies—Cleanspark, Riot Platforms, and Cipher Mining—led the gains, each recording double-digit increases over the past five days. USDC issuer Circle jumped nearly 10% in early trading, while Strategy (founded by Michael Saylor) and a certain exchange also saw moderate gains.