[Google Cloud Launches L1 Blockchain GCUL, Currently in Private Testnet Phase] Google Cloud has launched the L1 blockchain GCUL. GCUL will utilize Python-based smart contracts. It aims to serve as a neutral infrastructure for finance, offering 'native commercial bank on-chain currency,' 24/7 capital market infrastructure, payment, and agency functions. They plan to open it up to the entire Google network, which includes 'billions of users' and 'hundreds of institutional partners.' Currently, it is in the private testnet phase and was announced earlier this year in collaboration with the Chicago Mercantile Exchange (CME) to pilot tokenized assets. More technical details are expected to be provided in the coming months.