Vaibhavv Ali
Stablecoin issuer Tether announced on Friday that it submitted a binding, all-cash proposal to acquire the majority stake in the Italian professional soccer club, Juventus Football Club. Tether’s bid was directed at Exor, the holding company of the Agnelli family, which controls a 65.4% stake in Juventus, a public company valued around $1.1 billion (€944.49 … Read more
A senior executive at Vanguard, John Ameriks, the global head of quantitative equity, expressed deep skepticism toward Bitcoin, comparing the cryptocurrency to a “digital Labubu”—a speculative collectible toy. He argued that Bitcoin lacks the cash flow and compounding characteristics that Vanguard seeks in long-term investments, stating there is no clear evidence that the underlying blockchain … Read more
Citadel Securities has recently advocated for enhanced regulation over Decentralized Finance (DeFi) protocols that handle tokenized securities, asserting that these protocols should be treated as regulated financial intermediaries to ensure market integrity and investor protection. According to a statement from Citadel’s leadership representative, Stephen John Berger, this regulatory push focuses on DeFi protocols that deal … Read more
The Office of the Comptroller of the Currency (OCC) has granted BitGo approval to convert its South Dakota trust company into BitGo Bank & Trust, National Association. This designation allows BitGo to offer national digital asset services, effectively exempting it from the need for individual state licenses. Key Highlights: Federal Oversight: The conversion is part … Read more
Poland’s government, led by Prime Minister Donald Tusk, has re-adopted its controversial crypto-asset market bill without any changes, escalating a conflict with President Karol Nawrocki, who had previously vetoed the legislation. Key Points of the Standoff: Government’s Stance (Tusk): Tusk framed the bill as a matter of national security, citing over 100 entities in Poland’s … Read more
Standard Chartered Bank Malaysia and Capital A (the parent company of AirAsia) have signed a letter of intent to jointly explore the development of a stablecoin pegged to the Malaysian currency, the ringgit. This initiative falls under the country’s Digital Asset Innovation Hub, an initiative established by Bank Negara Malaysia (BNM). Focus on Wholesale Use … Read more
Binance has rolled out a new Indication of Interest (IOI) feature designed for its institutional clients, aiming to facilitate the execution of large spot trades and fixed-rate crypto loans with minimal market impact. This feature allows qualified users to privately signal their intent to buy, sell, borrow, or lend significant amounts of crypto without placing … Read more
Zcash (ZEC) is currently bucking the sideways trend in the crypto market, experiencing a significant 13% jump to trade around $460. This surge has boosted its market cap above $7.5 billion, with a 24-hour trading volume exceeding $1.14 billion. Several key factors are driving this strong performance: Dynamic Fee Proposal: A major catalyst is the … Read more
Hex Trust has announced plans to launch and custody Wrapped XRP (wXRP), a 1:1-backed representation of the native XRP token. This move is set to significantly expand XRP’s utility beyond the XRP Ledger by allowing it to operate on major blockchains, including Ethereum and Solana. How wXRP Works Full Backing and Custody: Each wXRP token … Read more
Bitcoin’s price is showing signs of a bullish recovery, recently moving from $84,000 to stabilize around $91,400. This upward momentum is largely attributed to a sharp drop in selling pressure from exchanges. Key On-Chain Indicators Total Exchange Volume has dramatically fallen from 88,000 BTC to about 21,000 BTC. Since rising deposits signal selling intent, this … Read more