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Rakbank has launched a crypto brokerage service through its mobile app, becoming the first conventional bank in the United Arab Emirates (UAE) to offer crypto trading for retail customers. This new service allows Rakbank customers to buy, sell, and swap cryptocurrencies via Bitpanda’s trading platform, with all transactions conducted in AED to eliminate foreign currency … Read more
Grove Finance has officially launched on the Avalanche network, targeting an initial investment of up to $250 million in real-world assets (RWAs) as part of its institutional-grade credit protocol. This initiative aims to enhance Avalanche’s institutional ecosystem by introducing new capital and partners, including Centrifuge and Janus Henderson, which manages $373 billion in assets. The … Read more
Sharplink has acquired an additional 77,210 Ethereum, valued at approximately $295 million, increasing its total holdings to 438,017 ETH, worth around $1.69 billion. This move follows the recent recruitment of Blackrock’s top crypto strategist, signaling a robust push into ethereum through aggressive staking and institutional-grade execution. Headquartered in Minneapolis, Minnesota, and listed on Nasdaq under … Read more
Metaplanet Inc. (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company, has announced the acquisition of an additional 780 bitcoin, bringing its total holdings to 17,132 BTC as part of its ongoing Bitcoin Treasury Operations. The latest purchase was made at an average price of 17,520,454 yen (about $118,270) per bitcoin, … Read more
Ledn, a leading bitcoin lender, has launched its Private Wealth program aimed at high-net-worth individuals, institutional investors, and corporations looking to leverage long-term bitcoin holdings for strategic capital. This initiative responds to a growing trend among crypto investors to borrow against bitcoin, allowing them to invest in yield-bearing opportunities while maintaining exposure to potential price … Read more
Eddie Yue, CEO of the Hong Kong Monetary Authority (HKMA), addressed the need for a cautious approach to the development of stablecoins in Hong Kong, emphasizing the importance of avoiding excessive hype surrounding these emerging financial instruments. In his remarks, Yue highlighted concerns about the gap between theoretical discussions and practical applications, noting that many … Read more
Western Union CEO Devin McGranahan stated in a recent interview that stablecoins should be viewed as an opportunity rather than a threat to the company’s business model. He emphasized that stablecoins can facilitate faster and cheaper cross-border transactions, benefiting both the company and its customers. McGranahan told Bloomberg that while stablecoins cannot be directly spent … Read more
Jack Dorsey’s Block, Inc. (NYSE: XYZ) has announced the initiation of onboarding for its first few sellers on Square to facilitate a new native bitcoin acceptance experience. In a social media post, the company’s executive officer expressed enthusiasm for this development, stating, “boom. today we’re onboarding our first few Square sellers for the new native … Read more
Chris Dixon, Managing Partner at Andreessen Horowitz (A16z) Crypto, announced that the firm is leading a $15 million seed round in Poseidon, a company focused on building a decentralized data layer to coordinate supply and demand for artificial intelligence (AI) training data. As the availability of high-quality data for training AI models has diminished, Poseidon … Read more
Wisdomtree has officially launched its own stablecoin, USDW, as part of a broader strategy to establish a full-stack stablecoin business catering to both retail and institutional users. USDW, a U.S. dollar-backed stablecoin designed for transactions, is complemented by WTGXX, a tokenized U.S. government money market fund aimed at providing yield. To enhance accessibility, Wisdomtree has … Read more