A whale that previously lost over $43 million on ETH and BTC closed its ASTER long position and earned $420,000

The post China’s rare-earth shipments to the US slip while overall exports increase appeared on BitcoinEthereumNews.com. China’s exports of rare earths to the United States slipped in August despite the country’s overall magnet shipments continuing to recover after Beijing eased export curbs earlier this year. Customs figures released Saturday show that exports of rare earths to the US fell 5% from July to 590 tons. Total overseas shipments rose to about 6,146 tons, the highest monthly tally since January. The latest data arrived a day after Trump and China’s leader, Xi Jinping, held a phone call on Friday to address trade tensions.  Rare-earth magnets, used in wind turbines, military systems, and electric vehicles, emerged as one of Beijing’s strongest points of pressure earlier in the year. Trump has recently pointed to parts of airplanes in response to China’s rare-earth limits. China supplies roughly 90% of the world’s rare-earth magnet output. The squeeze has sped up efforts in the US and elsewhere to build domestic supply chains. MP Materials Corp., the only US rare-earth miner, says it plans to begin commercial magnet production later in 2025. Beijing has been demonstrating its control over rare earths Almost six months ago, Beijing sent a clear signal about its control over critical inputs by suspending exports of high-strength rare earths used in several industries. That step injected fresh urgency into projects already underway to find alternative sources. In the US, four magnet plants are now either completing construction or starting production, while a particularly large facility opened in Eastern Europe.  China has used its control of magnet supplies in talks with Trump and the European Union. Since the initial halt, Beijing has permitted some shipments while keeping tighter oversight. China has also limited exports of magnets to Europe to push the EU to rethink tariffs on electric cars made in China. Concerns about China’s dominance began surfacing years ago within…

PANews reported on September 22 that according to The Block, the tokenization platform Midas has reached a cooperation with Interop Labs, the developer of the blockchain interoperability protocol Axelar, to jointly launch the XRP tokenized product mXRP. Currently, the product sets a basic yield of 6%-8%, paid in the form of XRP. Users can deposit XRP as collateral in a tokenized structure that tracks the performance of the underlying yield strategy to mint mXRP. These strategies may include market making and providing liquidity, and are managed by third-party asset management institutions known as "risk managers." Midas co-founder and CEO Dennis Dinkelmeyer revealed that Hyperithm serves as the manager of mXRP. In addition to base returns, mXRP can be deployed in various DeFi protocols to generate additional returns. mXRP tokens are issued on the Ethereum Virtual Machine (EVM) sidechain of the XRP Ledger and run on infrastructure provided by Axelar. According to the Midas website, Midas-issued tokens, including mXRP, are not available to users in the United States, the United Kingdom, or sanctioned regions, where access is restricted.

TLDR: Google and PayPal signed a multiyear partnership to integrate payments across Google platforms and boost digital commerce experiences. PayPal’s checkout, payouts, and Hyperwallet will be embedded into Google products, including Ads, Play, and Cloud services. The partnership uses Google’s AI to create agent-based shopping tools and secure, frictionless payment solutions for users worldwide. PayPal [...] The post Google and PayPal Team Up to Power Next-Gen Commerce for Billions appeared first on Blockonomi.