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03:26
Circle launches 1:1 bitcoin-backed token cirBTC
According to official news, Circle announced that cirBTC has been launched on Ethereum, providing 1:1 Bitcoin-backed collateral for the institutional DeFi market. cirBTC is backed 1:1 by native BTC custodied by Circle and achieves on-chain transparency through Chainlink Proof of Reserves. Users can mint and redeem cirBTC via Circle Mint, and cirBTC operates under a unified model with USDC. In the future, cirBTC will expand to multiple chains via Arc.
03:23
Philippine central bank report: Iran war poses controllable risks to financial stability, mainly through indirect transmission factors
(1) The Central Bank of the Philippines and other interdepartmental committees released a report stating that the Iran war poses substantial risks to the financial stability of the Philippines, but these risks are within a controllable range. (2) The report indicates that with rising yields and capital outflows, a risk-averse sentiment has already emerged in the Philippine government bond market. (3) The Philippine banking sector has minimal direct financial exposure to the Middle East, Iran, and Israel, and spillover effects are more likely to arise from indirect channels—including rising oil prices, tightened external financing, and an economic growth slowdown.
03:20
The risk of a sharp surge in oil prices is accumulating, which will impact the global economy.
The risk of a sharp surge in oil prices is building up, and the global economy will be impacted.
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