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Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Argentine President Javier Milei dissolves the group investigating Libra, Colombia pilots CBDC on Cosmos, and the largest bank in Guatemala taps crypto for remittances. Milei Dissolves Argentine Task Force Investigating Alleged Libra … Read more
Tom Lee, co-founder, managing partner, and head of research at Fundstrat Global Advisors, anticipates a bright trajectory for bitcoin as adoption continues to widen. Speaking recently on stage at the Consensus conference in Canada, Lee remarked that, in time, it “should have the same network value as gold.” Lee Says Bitcoin Could Skyrocket to $1M–$1.5M … Read more
While some of Cetus Protocol’s funds exited the Sui network via bridges to Ethereum, $162 million remains frozen in the network due to the joint action of validators. The actions stemming from this hack have affected the crypto community’s perception of Sui and its levels of decentralization. Sui Validators Freeze Cetus Protocols Hacked Funds, Decentralization … Read more
Bitcoin ended the week 5% higher after U.S. President Donald Trump’s tariff threat against the European Union caused market volatility. EU Tariff Threat Rattles Markets After kicking off what turned out to be another milestone-setting week, bitcoin ( BTC) ultimately ended the week only 5% higher after U.S. President Donald Trump’s tariff threat against the … Read more
Spot bitcoin and ethereum exchange-traded funds saw a combined $270.37 million in inflows on Friday, continuing a trend of institutional engagement with these crypto-backed funds. Spot Bitcoin ETFs Now Total $44.5B in Inflows Sosovalue.com stats show spot bitcoin ETFs attracted $211.74 million during the May 23 trading session, pushing cumulative inflows to $44.53 billion since … Read more
U.S. President Donald Trump’s reported use of the Presidential Seal at a private event for major holders of the TRUMP memecoin may have violated federal law. White House: TRUMP Dinner a Private Event U.S. President Donald Trump’s use of the Presidential Seal at an event where he spoke to major holders of the TRUMP memecoin … Read more
Jiuzi Holdings, Inc. plans to acquire 1,000 bitcoins over the coming year through a combination of fresh stock issuance and direct cash purchases, the company revealed this week. Jiuzi Holdings to Raise Capital Via Stock, Cash for 1,000 Bitcoin Investment The Hangzhou-headquartered enterprise, Jiuzi Holdings (Nasdaq: JZXN), stated that its board approved the dual-path acquisition … Read more
On Friday, Kalshi—the federally regulated prediction exchange headquartered in New York City—disclosed that it now permits solana ( SOL) deposits for account funding. Solana Lands on Kalshi Established in July 2021 under the oversight of the Commodity Futures Trading Commission (CFTC), Kalshi has periodically announced its support for digital assets through a collaboration with Zero … Read more
America’s leading financial institutions are eyeing stablecoins, and a recent report reveals that multiple banks are quietly collaborating on ventures to debut crypto assets tethered to the U.S. dollar. WSJ: Stablecoin Bloc Forms Behind Closed Doors Should the Guiding and Establishing National Innovation for U.S. Stablecoins Act—aptly dubbed the GENIUS Act—clear the Senate and land … Read more
Braza Group, one of the largest financial groups in Brazil, unveiled USDB, a dollar-pegged stablecoin issued on top of the XRP Ledger. Currently available to its institutional customers, the token will be available for regular customers through the group’s app starting in May. Braza Group Targets Growing Market With New XRP Ledger-Issued Dollar Stablecoin Stablecoins … Read more
