News linked to both this project and an event.
Odaily News: Well-known trader Bonk Guy responded on X to the STONK community's questioning of his purchase of EMBER, saying that some community members believed his buying another Launchpad token meant he was trying to challenge STONK's industry position, a reaction he called "extremely exaggerated." He pointed out that STONK's second-largest holder had previously bought EMBER at a $2.8 million market cap and remained bullish for several days without being questioned, while after he bought EMBER at a valuation about 6 times that holder's entry price, he was treated as "the villain," which clearly reflects a double standard.Bonk Guy emphasized that he remains bullish on STONK and had publicly praised STONK even when he held no position, with that post now having over 400,000 views. He said that support for STONK from core teams in the Solana ecosystem is one of the biggest reasons he shifted back to a bullish outlook after being broadly bearish on the Solana ecosystem for months prior, and he believes that if one is bullish on STONK's long-term vision, this pullback caused by community controversy may instead be a buying opportunity.Bonk Guy said he has long mainly traded low-market-cap projects because he believes such assets offer a better risk-reward ratio, and he rarely buys large-market-cap tokens even when he is bullish on their future performance. He also said that his purchase of EMBER had no "PvP" (player versus player competition) intent, that STONK and EMBER can absolutely succeed at the same time, and that the view that "only one winner can exist in a sector" actually goes against the essence of the crypto industry.Bonk Guy also said that the STONK community's strong reaction this time actually demonstrates its community cohesion, and that competition and multiple projects winning together are good for the industry.
Odaily News, September 3: Circle and decentralized perpetual futures trading platform edgeX jointly announced that, ahead of the Arc mainnet launch on September 16, edgeX will serve as Arc's flagship perp venue, offering 24/7 FX trading from day one of the mainnet. The two parties will work together to advance the development of on-chain FX and global asset trading markets on Arc.On the first day of the mainnet launch, edgeX will be the first to offer USD/JPY perpetual contracts with 24/7 trading, alongside more than 150 perpetual contract markets covering U.S. equities, commodities, and crypto assets. All markets will use Arc's native USDC as margin and settlement assets.Arc is Circle's Layer 1 blockchain built for stablecoin finance, specifically designed for stablecoin-based financial applications, featuring a built-in FX engine (StableFX), an institutional-grade RFQ quoting system, and 24/7 on-chain PvP (payment-versus-payment) settlement, with USDC serving as the native gas token.edgeX, backed by Circle Ventures, will exclusively launch FX perpetual markets for the Arc Chain. edgeX is one of the world's leading centralized perpetual futures exchanges by trading volume, having recorded over $900 billion in cumulative trading volume since its inception. Users can trade perpetual contracts on U.S. equities, commodities, FX, and crypto assets around the clock. Previously, the Circle and edgeX teams have collaborated on native USDC issuance and CCTP integration on the EDGE Chain.
Odaily News: Jeremy Allaire posted on the X platform that StableFX is about to launch on the Arc mainnet. Previously, StableFX had already gone live on the Arc public testnet. StableFX is an institutional-grade stablecoin foreign exchange engine that covers local currency stablecoins in major and emerging markets, supporting near-instant, 7×24-hour on-demand settlement. It adopts a PvP mechanism, meaning both sides settle simultaneously or not at all, to reduce capital occupation. It also allows access to multiple audited counterparties through a single onboarding process.
According to CoinDesk, blockchain infrastructure company Chainlink has announced its participation in Project Pangea—a consortium formed by Qivalis, a European stablecoin consortium backed by 37 European banks, and UniKA, the Korean banking alliance representing over 10 commercial banks—collectively managing assets exceeding $10 trillion. The project targets the economic corridor between Europe and Korea, which sees annual trade exceeding $15 billion, aiming to reduce foreign exchange settlement cycles from the traditional T+2 (48 hours) to T+0 (near real-time) using regulated euro- and won-pegged stablecoins, and employing atomic PvP (payment-versus-payment) settlement to mitigate counterparty risk. Chainlink will serve as middleware, translating legacy SWIFT instructions into instant atomic swaps on-chain—without requiring banks to replace their existing payment infrastructure. The project aims to achieve live, compliant transactions within 12 months.