Tether Plans to Develop UAE Dirham-Pegged Stablecoin Alongside Phoenix Group
Tether plans to seek licensing for the stablecoin under the U.A.E. central bank’s Payment Token Services Regulation
Financial
Financial
Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.
Financial
Institutions Are Still Buying Bitcoin ETFs, Bitwise Says
The number of institutional investors holding bitcoin ETFs rose 14% in the second quarter of the year to 1,100, the report said.
Financial
Zenrock Aims to Calm Users’ DeFi Wobbles With Decentralized Custody Offering
Crypto custody upstart Qredo has got a new lease of life after being bought out of administration by Dan Tapiero’s 10T Holdings and 1RoundTable Partners. The company is soon to relaunch as Zenrock.
Financial
Bitcoin Bear Trap? Goldman Says Wednesday’s U.S. Jobs Report is Likely to Overstate Weakness
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls from April 2023 to March 2024.
Financial
Trump Tops Harris On Polymarket; Tron, Cardano in Green as Bitcoin Sinks
Traders said that bitcoin would need to break above the $61,000 level and stay above it if sentiment were to change among market participants.
Financial
Another Crypto ‘Fraudster’ Arrested in Montenegro, Where Do Kwon Awaits Extradition: Reports
Polish national Roman Ziemian is the co-founder of digital currency trading platform FutureNet who allegedly defrauded users out of around $21 million.
Financial
Mt. Gox Moves $700M in Bitcoin, BTC Unmoved at $59K
According to Galaxy’s Alex Thorn expects only 1,265 BTC, woth over $70 million, may be offloaded in the market.
Financial
Crypto-backed Candidate Ansari Narrowly Wins Arizona Primary By 39 Votes
The industry’s top campaign-finance operation poured about $1.4 million into advertising to help secure Ansari’s victory in a U.S. House primary, which was finalized in a recount this week.
Second Solana ETF Approved in Brazil
The product will be launched by Brazil-based asset manager Hashdex in partnership with local investment bank BTG Pactual.