Space Token 價格SPACE

Sumitomo Mitsui Financial Group, the parent company of Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation, plans to launch its own stablecoin. The stablecoin project, according to a report published on April 1, 2025 by Nikkei, will be a collaboration between the banking giant and crypto projects Avalanche ( AVAX ) and Fireblocks. Specifically, the report highlights that SMBC is teaming up with Ava Labs, the developer team behind the Avalanche blockchain. SMBC’s reported stablecoin venture follows a prior move in 2024 that involved the Sumitomo Mitsui Financial Group and two other Japanese financial services and banking behemoths, the Mitsubishi UFJ Financial Group and the Mizuho Financial Group. The partners were said to be eyeing a pilot for a cross-border stablecoin transfer venture, set to involve Progmat and Datachain. In the latest report, Nikkei says SMBC will join forces with Japan -based information technology firm TIS. The partnership aims to conduct trials for the new stablecoin project in the fourth quarter of 2025 or early 2026. If successful, live issuance is expected to follow later in the year. SMBC, like other banks turning to stablecoins for improved functionality and instant money transfers, is not new to the blockchain space. In February 2019, the bank’s tech team completed a blockchain proof of concept for payment commitments on Marco Polo trade finance, a platform developed by R3. SMBC was part of a consortium that included Commerzbank, BNP Paribas, Anglo-Gulf Trade Bank, Standard Chartered Bank, and Danske Bank. On the back of the R3 Marco Polo trade initiative, SMBC inched further into the blockchain ecosystem with another deal. It sought to digitize its trade finance offering with a blockchain touch, this time joining hands with Singapore-based Contour in July 2020. These efforts have now evolved into stablecoin development, which is drawing increasing interest across the financial services industry. This includes major banks like JPMorgan and Citi, which have made significant strides using permissioned blockchains.

HBAR Foundation has officially joined the ERC3643 Association, a strategic move that demonstrates their commitment to expanding the application of Real World Assets (RWA) tokenization. More than just a formality, this collaboration paves the way for broader collaboration with various institutions in utilizing ERC-3643, a standard that has been widely used in issuing and managing blockchain-based assets in a regulatory-compliant manner. In other words, this is like laying a strong foundation before building a magnificent house called the future digital economy. ERC-3643 itself is not a new player. This standard has been used in various cases, including the tokenization of green bonds by major banks such as Citi and ABN AMRO. With its permission-based characteristics, ERC-3643 allows the issuance of digital assets that are more controllable and in accordance with the law. So if you imagine digital assets like building access cards, ERC-3643 ensures that only people with permission can enter. Joining the HBAR Foundation is not just a matter of branding. Through this collaboration, they will encourage more institutions to look at and use ERC-3643, especially on the Hedera network. On the other hand, the position of the HBAR Foundation, which is directly involved in the Hedera Governing Council, gives them the space to align this standard with enterprise needs without having to sacrifice the technological efficiency that is already Hedera’s hallmark. If usually the adoption of new technology takes a long time because large companies tend to be careful, the presence of a proven standard such as ERC-3643 can be a bridge. Moreover, with the HBAR Foundation helping to encourage the use of this standardization, the onboarding process can be faster and with minimal drama. “We’re excited for The HBAR Foundation to join the ERC3643 Association, enabling us in our mission to accelerate institutional adoption of the Hedera network and onchain finance as a whole,” said Sabrina Tachdjian, Head of Fintech & Payments at The HBAR Foundation. In February, Hedera also had two other big news. First, their collaboration with Dell Technologies. Dell will use Hedera to record real-time data from its edge infrastructure. This step is to ensure that the recorded data can be trusted and can be audited at any time. Interestingly, this project also involves testing AI services integrated with the Hedera Consensus Service. So besides the blockchain, there is a touch of AI that makes this project even more relevant. Furthermore, Hitachi, a giant Japanese company, has also officially joined the Hedera Governing Council as the 32nd member. With Hitachi’s entry, Hedera strengthens its foothold in the Asian market. And more importantly, a name as big as Hitachi adds value in terms of credibility. When a company of this class chooses to enter a network, it is a kind of signal to the market that Hedera is not a playful project. On the other hand, CNF had reported a bullish prediction from a crypto analyst for the HBAR token. Based on technical analysis and the breakout of important resistance levels, the analyst sees a potential rally of more than 140% for this token. Meanwhile, as of press time, HBAR is swapped hands at about $0.1601, down 7.49% over the last 24 hours and 16.28% over the last 7 days.

The crypto market is facing a minor correction, with Bitcoin (BTC) momentarily retreating from its recent high of $88,000 back to the $86,000 territory. The total market capitalization has decreased by about 4% over the past 24 hours, currently sitting at around $2.9 trillion. The recent resistance levels faced in the market suggest that there could be a consolidation period in the near future. Recent positive news in the sector temporarily spurred a recovery. Among the major market optimists was BlackRock’s recent purchase of BTC valued at $107.9 million, reflecting increasing institutional demand. Furthermore, the U.S. Securities and Exchange Commission (SEC) withdrew its case against Ripple and issued a series of crypto-related talks. This has further boosted XRP investors’ confidence. As the first quarter of 2025 comes to a close, market trends are indicating that some digital assets may see increasing activity. The following three cryptocurrencies are worth watching this weekend. Since it is the flagship crypto, BTC has a major influence on market direction. The recent participation of large financial institutions, including BlackRock, indicates a likely increase in institutional investment. These actions could influence further price shifts in the next few days. If BTC sees new buying demand, it could take the market into another positive wave. At press time, Bitcoin price dropped 2.54% to $84,358.58 on Friday, March 28. According to Coinglass data , the BTC futures open interest plunged 2.07% to $55.77 billion in the last 24 hours. With the derivatives market awakening, a rebound seems difficult in the short-term, as mentioned in our previous story. However, owing to strong fundamentals and increasing institutional investments, BTC price is expected to bounce back in the long run. XRP has demonstrated incredible resilience in the last few months. The crypto spiked above $3 earlier this year, reaching its highest level in almost seven years. The legal win over the SEC has boosted investor confidence, and XRP continues to remain in the limelight, as highlighted in our previous story. Market participants could keep on piling up the asset, which could result in higher inflows of capital in the near term. Nonetheless, XRP price is currently struggling at $2.19, down by 5.80%. Solana has received a major price correction since its peak in January. As of writing, SOL price dipped 5.65% to $129.88 today. The drop has placed the asset at a price level that may welcome new investors. With its prevalence in the crypto space and steadfast network activity, Solana is still a major favorite among traders. If market conditions normalize, SOL may recover in the coming sessions.

Ethereum co-founder Vitalik Buterin has put forward an exhaustive plan that aims to enhance security and finality in Layer 2 (L2) networks. His latest proposal, “A Simple L2 Security and Finalization Roadmap,” outlines three primary methods of enhancing Ether’s scalability and transactional speed. One of the most crucial components of the roadmap that is suggested is increasing blockchain data availability. Buterin identifies the upcoming Pectra upgrade , which will increase the Blob space allocation to six units. This will be complemented by future upgrades, potentially up to 72 units with the Fusaka upgrade later this year or incrementally growing to a band of 12 to 24 units. All the upgrades aim to accommodate higher transaction loads so that L2 rollups can operate effectively and efficiently. Another significant aspect of the proposal involves utilizing a hybrid proof verification system with a combination of multiple security features. In this approach, the use of a mixture of optimistic proofs, zero-knowledge (ZK) proofs, and Trusted Execution Environment (TEE) hardware-based verifications is applied. Once the ZK and TEE methods successfully verify a transaction, finalization is immediate. However, still, in case of inconsistencies, transactions enter a seven-day optimistic challenge period when the network will check and settle any potential security issues. Where proof logic adjustments are warranted, a security committee is authorized to make changes subject to a 30-day mandatory delay, another safeguard against possible exploits. To further enhance Ethereum’s L2 ecosystem even more, Buterin also proposed the creation of a standardized ZK proof aggregation layer. This project seeks to develop a shared protocol permitting a plurality of applications to verify transactions collectively and share the corresponding computational costs. With aggregation proofs and reducing gas charges for separate verifications, which are estimated at around 500,000 Gas per proof, this system aims to lower costs. It seeks to make zero-knowledge verification more affordable and accessible across different L2 solutions and privacy protocols. One of the overall goals of the roadmap is near-instant bridging between chains with the ideal aim of settling transactions in under an hour, as mentioned in our previous post. In the short term, the hybrid proof paradigm will deliver the acceleration without compromising security. Ultimately, Buterin envisions devolving away from reliance on TEE with the eventual long-term goal of achieving a completely decentralized, trustless, but highly optimized L2 setup. Such proposed upgrades are to become the focus of Ethereum development. These upgrades necessitate an even more secure and scalable platform that can accommodate increased demand without compromising high-security guarantees.

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