[Bitu Daily News Selection] BTC breaks through 123,600 USD, setting a new historical high; insiders: encryption Wallet MetaMask may announce details of stablecoin mUSD this week; Google clarifies it will not restrict non-custodial encryption Wallets; Canary TRUMP ETF has been registered in Delaware.

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Daily curated Web3 news by the BitPush editor:

【BTC breaks through $123,600, setting a new historical high】

According to Bitpush news, the market shows that BTC has surpassed $123,600, setting a new historical record high since July 14.

[Insider: Crypto wallet MetaMask may announce details of stablecoin mUSD this week]

According to news from Bitpush, citing informed sources reported by Coindesk, MetaMask is likely to soon announce details of its USD-pegged stablecoin mUSD (possibly as early as this week). The stablecoin mUSD was previously disclosed in a governance proposal that was released in advance and quickly deleted last week. MetaMask stated that it has over 30 million monthly active users and is currently issuing its stablecoin with the help of Bridge. Bridge is a company that helps businesses integrate stablecoin payment channels and was acquired by fintech giant Stripe earlier this year, focusing on assisting enterprises with integrating stablecoin payment channels and the stablecoin issuance protocol M^0. The informed source indicated that, in addition to closely collaborating with Bridge on the mUSD stablecoin, MetaMask is also seeking assistance from traditional financial alternative asset management firm Blackstone Group to provide custody and fund management services for its tokens.

[Google clarifies it will not restrict non-custodial crypto wallets]

According to Bituan, Google has reportedly planned to ban unregistered non-custodial crypto wallets in multiple countries, including the United States and the United Kingdom, starting from October, as stated in the "Cryptocurrency Exchange and Software Wallet Policy" announcement on Google Play, which has sparked criticism from the market. However, the company later clarified on the X platform that non-custodial wallets are not within the scope of these restrictions and will update its Help Center for clarification. Google's new policy will take effect on October 29 and primarily targets custodial exchanges and software wallets that need to comply with regulations.

【Canary TRUMP ETF has been registered in Delaware】

According to Bitu news, market news suggests that the Canary TRUMP COIN ETF has been registered in Delaware, USA.

[Tom Lee: Standard Chartered's prediction of Ethereum at $7500 by the end of 2025 "may be too low"]

According to BitPush news, Thomas Lee, co-founder of asset management company Fundstrat, stated that Standard Chartered's prediction of Ethereum reaching $7,500 by the end of 2025 "may be too low."

[Standard Chartered predicts that the stablecoin industry will grow by about 8 times by the end of 2028]

According to Bituan News and Jinshi reports, Standard Chartered stated that stablecoins currently account for 40% of all blockchain transaction fees, with Ethereum accounting for more than half of all stablecoins. It is expected that the stablecoin industry will grow by about 8 times by the end of 2028.


BTC-1.01%
TRUMP2.23%
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