Tether’s robust profits and strategic investments highlight its growing influence in global finance, potentially reshaping market dynamics. The post Tether posts $4.9B in net profit in Q2 as Bitcoin and gold fuel gains appeared first on Crypto Briefing. Source: cryptobriefing.com (Read Full Article)
Figma explodes 250% in NYSE debut; Cathie Wood’s ARK grabs 60,000 shares
Figma’s IPO success highlights a resurgence in tech IPOs and growing corporate interest in crypto assets, influencing market dynamics. The post Figma explodes 250% in NYSE debut; Cathie Wood’s ARK grabs 60,000 shares appeared first on Crypto Briefing. Source: cryptobriefing.com (Read Full Article)
Spot Solana ETF issuers file amended S-1 applications
The amended filings could accelerate the diversification of crypto investment options, potentially boosting Solana’s market presence and adoption. The post Spot Solana ETF issuers file amended S-1 applications appeared first on Crypto Briefing. Source: cryptobriefing.com (Read Full Article)
Cardone Capital buys Bitcoin dips with 100 BTC acquisition
Cardone Capital’s Bitcoin investment amid market dips highlights a strategic diversification into digital assets, potentially influencing real estate trends. The post Cardone Capital buys Bitcoin dips with 100 BTC acquisition appeared first on Crypto Briefing. Source: cryptobriefing.com (Read Full Article)
UK FCA to allow retail investors to buy Bitcoin and crypto ETNs
The FCA’s decision could enhance retail investor participation in crypto markets, potentially increasing market liquidity and innovation. The post UK FCA to allow retail investors to buy Bitcoin and crypto ETNs appeared first on Crypto Briefing. Source: cryptobriefing.com (Read Full Article)
MEXC expands stock futures portfolio with Tron Inc. (NASDAQ: TRON) listing, introducing TRON/USDT trading pair
MEXC’s move enhances crypto-traditional finance integration, offering innovative investment strategies and expanding access to blockchain equities. The post MEXC expands stock futures portfolio with Tron Inc. (NASDAQ: TRON) listing, introducing TRON/USDT trading pair appeared first on Crypto Briefing. Source: cryptobriefing.com (Read Full Article)
Andreessen Horowitz warns of loopholes in draft US crypto rules
Andreessen Horowitz urged the US Senate Banking Committee to scrap the “ancillary asset” concept in draft crypto legislation, warning of loopholes. Venture capital firm Andreessen Horowitz (a16z) called on US lawmakers to revise a draft crypto regulation bill, warning that the proposed framework could open dangerous loopholes and undermine investor protections.In a Thursday open letter to the US Senate Banking Committee, the investment firm urged regulators to close loopholes in the draft crypto legislation. The letter was a response to the discussion draft released in late July.The discussion draft in question builds on the 21st Century Financial Innovation and Technology Act (CLARITY Act) and seeks industry input on the ongoing crypto regulation. A16z points to the definition of ancillary assets, referring to tokens sold with an investment contract that give buyers no equity, dividend or governance rights.Read more Source: cointelegraph.com (Read Full Article)
Crypto treasuries top $100B for Ethereum’s 10th anniversary: Finance Redefined
Ethereum’s 10th anniversary celebration was marked by an uptick in institutional demand for Ether as an alternative treasury reserve asset, prompting Wall Street to look past Bitcoin. Ethereum’s 10th anniversary was marked by a significant milestone in terms of institutional crypto adoption, as cryptocurrency treasury firms surpassed $100 billion in collective investments on Thursday.Ethereum’s 10th birthday brought renewed corporate interest in Ether (ETH), which saw the 10 largest corporate crypto treasury firms amass over 1% of the total Ether supply since the beginning of June, according to a Tuesday report by Standard Chartered.The bank predicted that corporations will eventually hold 10% of the total Ether supply, which may see the world’s second-largest cryptocurrency surpass the bank’s year-end target price of $4,000 per Ether.Read more Source: cointelegraph.com (Read Full Article)
Key player in $13M crypto Ponzi scheme pleads guilty
Vincent Anthony Mazzotta Jr has pleaded guilty to money laundering and conspiracy to obstruct justice, which together carry a maximum of 15 years in prison. Source: cointelegraph.com (Read Full Article)
Bank of Korea to launch virtual asset committee to monitor crypto
The Bank of Korea has also renamed its CBDC research and development teams to reflect their focus as practical business departments. Source: cointelegraph.com (Read Full Article)