Gate News Report, March 12 — U.S. major bank Wells Fargo has filed a cryptocurrency-related trademark application with the United States Patent and Trademark Office for the name WFUSD. According to the application documents, WFUSD will provide cryptocurrency payment processing, digital asset trading execution, and asset tokenization software services. The name suggests that it may be a deposit token or stablecoin. Previously in 2019, Wells Fargo disclosed plans to pilot an internal settlement service called "Wells Fargo Digital Cash" on its proprietary distributed ledger platform.

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BornForAmericaPandavip
· 03-13 00:27
Ethereum is facing an "adoption paradox," with network activity reaching all-time highs while ETH price has declined significantly. CryptoQuant analysis indicates that if the bear market persists, ETH could fall to $1,500. The relationship between exchange inflows and price dynamics is more pronounced, suggesting ETH is facing strong selling pressure.
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