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13:53
Mitsubishi UFJ Financial Group, in conjunction with Mizuho Bank and Sumitomo Mitsui Banking Corporation, is jointly advancing a Proof-of-Concept (PoC) for a yen-pegged stablecoin.
according to the latest disclosure, Japan's Mitsubishi UFJ Financial Group (MUFG), with assets totaling $3 trillion, announced two strategic advancements: 1️⃣ Deep AI integration into the credit system: fully applying generative AI to corporate and personal loan review processes, significantly improving risk control accuracy and approval efficiency; 2️⃣ Stablecoin proof of concept implementation: jointly promoting a yen-pegged stablecoin PoC (proof of concept) with Mizuho Bank and Sumitomo Mitsui Banking Corporation, paving the way for official commercial use in March 2026.
13:51
American Bitcoin Corp board members purchased 330,000 shares of ABTC at an average price of $1.05 per share.
according to market sources: Richard Busch, a board member of American Bitcoin Corp, a Bitcoin mining company supported by the Trump family, increased his holdings: purchasing 330,000 shares of ABTC at an average price of $1.05, spending $333,900.
13:51
Pentagon launches critical mineral stockpiling plan to safeguard defense supply chain security
Golden Ten Data reported on March 5 that as the United States intensifies efforts to reduce supply chain risks and strengthen domestic reserves of raw materials, the U.S. Department of Defense is seeking information on the stockpiling of five key minerals. According to a notice published on its website Wednesday, the Defense Logistics Agency (DLA) issued requests for information regarding lithium, nickel, tin, chromium, and tellurium, including details about prospective suppliers, product specifications, material sources, and market conditions. The DLA is responsible for managing the National Defense Stockpile, aiming to ensure the supply of metals needed for U.S. military requirements. The agency stated it is soliciting quotes for potential procurement plans involving 550 tons of lithium carbonate, 3,500 tons of nickel, 1,978 tons of London Metal Exchange-grade tin, 37 tons of tellurium, and 4,500 short tons of chromium. Additionally, the agency is consulting on the reprocessing or remelting of 1,978 tons of tin ingots affected by the "tin plague." Based on LME prices, the cost of this batch of tin is close to 100 millions USD.
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