Hong Kong invites stablecoin issuers for licensing as new regulations set to take effect. Hong Kong’s new stablecoin frameworkrequires these cryptocurrencies to be fully backed by high-quality, liquid assets.
Author: Essay
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BitMine, the largest corporate holder ofEthereum (ETH), believes the asset’s fair value could be as high as $60,000. BitMine plans to mirror MicroStrategy’s Bitcoin strategy by building a vast Ethereum ecosystem.
BitMine, the largest corporate holder ofEthereum (ETH), believes the asset’s fair value could be as high as $60,000. BitMine plans to mirror MicroStrategy’s Bitcoin strategy by building a vast Ethereum ecosystem.
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Stablecoin search surges in Washington, D.C. as the U.S. implements new regulatory framework following GENIUS Act passage. Average search interest for “stablecoins” rose from 72.8 in the four weeks prior to 84.5 in four weeks following the bill’s signing on July 18.
Stablecoin search surges in Washington, D.C. as the U.S. implements new regulatory framework following GENIUS Act passage. Average search interest for “stablecoins” rose from 72.8 in the four weeks prior to 84.5 in four weeks following the bill’s signing on July 18.
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Spot ETH exchange-traded funds (ETFs) are close to breaking the $10 billion mark in inflows this month. BlackRock’sETHA makes its way to the spot of fourth-largest ETF by inflows in the last 30 days. ETHA registered the 17th-largest trading volume among ETFs as of July 28.
Spot ETH exchange-traded funds (ETFs) are close to breaking the $10 billion mark in inflows this month. BlackRock’sETHA makes its way to the spot of fourth-largest ETF by inflows in the last 30 days. ETHA registered the 17th-largest trading volume among ETFs as of July 28.
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Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580. The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds. Between July 23 and July 24, more than $1.1 billion in long positions were liquidated across major centralized venues.
Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580. The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds. Between July 23 and July 24, more than $1.1 billion in long positions were liquidated across major centralized venues.
Source: https://cryptoslate.com/bitcoin-steadies-near-114800-but-fragility-risk-rises-as-leverage-climbs/
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Interactive Brokers is considering launching a stablecoin for customers. The move would add one of the world’s largest discount brokerages to the list of firms using crypto. Stablecoins are digital tokens designed to track the value of a stable asset, typically the US dollar.
Interactive Brokers is considering launching a stablecoin for customers. The move would add one of the world’s largest discount brokerages to the list of firms using crypto. Stablecoins are digital tokens designed to track the value of a stable asset, typically the US dollar.
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Tron Inc. filed to raise up to $1 billion as part of an ambitious push to grow itsTRXtoken reserves. The proposed raise would come through a combination of equity and debt instruments, including common shares, preferred stock, warrants, and other securities. The company has already accumulated over 365 million TRX tokens and aims to increase its holdings significantly using proceeds from the new offering.
Tron Inc. filed to raise up to $1 billion as part of an ambitious push to grow itsTRXtoken reserves. The proposed raise would come through a combination of equity and debt instruments, including common shares, preferred stock, warrants, and other securities. The company has already accumulated over 365 million TRX tokens and aims to increase its holdings significantly using proceeds from the new offering.
Source: https://cryptoslate.com/tron-inc-aims-for-1b-raise-to-bolster-trx-reserves-after-merger-boost/
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A weekend gap on CME Bitcoin futures has yet to close, marking the first unfilled void in over a month. Historical patterns suggest a move back to $118,300 could be on the table in the coming sessions. Dive deep into Bitcoin and the broader crypto landscape with our in-house market reports.
A weekend gap on CME Bitcoin futures has yet to close, marking the first unfilled void in over a month. Historical patterns suggest a move back to $118,300 could be on the table in the coming sessions. Dive deep into Bitcoin and the broader crypto landscape with our in-house market reports.
Source: https://cryptoslate.com/mind-the-gap-bitcoins-cme-futures-leave-1770-unfilled-gap-over-weekend/
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Digital asset funds attracted $1.9 billion last week alone. This brought total inflows for July to a historic $11.2 billion. Trend marks 15 straight weeks of net inflows, signaling sustained institutional confidence in the market.
Digital asset funds attracted $1.9 billion last week alone. This brought total inflows for July to a historic $11.2 billion. Trend marks 15 straight weeks of net inflows, signaling sustained institutional confidence in the market.
Source: https://cryptoslate.com/ethereum-outpaces-bitcoin-as-institutional-inflows-hit-record-11-2b-in-july/
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Binance launches RWUSD, a new principal-protectedyield product offering up to 4.2% APR benchmarked against tokenized U.S. Treasury bills. Users can subscribe to RWUSD using stablecoins like USDT or USDC, depending on regional availability.
Binance launches RWUSD, a new principal-protectedyield product offering up to 4.2% APR benchmarked against tokenized U.S. Treasury bills. Users can subscribe to RWUSD using stablecoins like USDT or USDC, depending on regional availability.