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Lorenzo Wins Top Prize in USD1 1M Incentive Program Co-hosted by WLFI, BNB Chain, and Others
BlockBeats News, July 11th: The results of the USD1 1M incentive event jointly hosted by World Liberty Financial (WLFI) in collaboration with BNB Chain, PancakeSwap, and BUILDon were announced today. Lorenzo was recognized for his innovative practices in promoting USD1 applications and ecosystem expansion, and was selected as the winning project in the "Existing BSC Projects" track.
As the official WLFI partner for USD1 investment and finance, Lorenzo recently launched USD1+ OTF, with USD1 as the unified settlement currency. This initiative marks the first time a stablecoin has been upgraded from a "payment tool" to an "income engine." Lorenzo's project has become a USD1 liquidity deployment gateway, issuing financial product tokens, continuously expanding USD1 application scenarios, further opening up new growth areas such as asset management, trading, protocol integration, and helping USD1 become the core income asset in the on-chain dollar system.
Lorenzo's USD1+ OTF (On-chain Traded Fund) is currently live on the BNB Chain testnet, pioneering on-chain institutional-grade stablecoin income products. It integrates three types of strategies: RWA, quantitative trading, and DeFi, to create a real and sustainable income model.
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US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally
Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.
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