Category: crypto

Top Win International Limited, now trading as SORA on Nasdaq, made strategic investments in HK Asia Holdings and Metaplanet to expand into Asia’s digital assets market. These firms have seen significant growth through the Bitcoin Treasury Model. Top Win plans to make similar investments in other Asian countries and is rebranding as AsiaStrategy.

A Bloomberg analyst predicts that Meta will lead the way in integrating Bitcoin into corporate operations. They believe that Meta’s adoption of Bitcoin will set a trend for other companies to follow in the future.

Webus International plans to raise $300 million through non-equity financing to create an XRP reserve for global chauffeur services payments. They will use existing cash, loans, and credit lines. The reserve is part of three initiatives, including blockchain infrastructure development and overseas expansion. The company will partner with Tongcheng Travel Holdings and focus on borderless…

Bitcoin reached a new all-time high (ATH) without any new supply being added. This has led buyers to pursue dormant coins in order to acquire more of the cryptocurrency.

The US SEC requested to dismiss its civil complaint against Binance and CZ. The case was paused for 60 days to review SEC crypto task force impact. Binance cooperated with SEC order for transparency. Binance called the dismissal a win. Future enforcement would require a new complaint. The SEC had accused Binance of being an…

Paris Saint-Germain announced on May 29 that they hold Bitcoin on their balance sheet and plan to expand PSG Labs to support companies building on the network. The club also supports various crypto initiatives and aims to differentiate sponsorship income through strategic investments in the technology. PSG aims to reach global markets through their brand…

Banco Santander is considering creating a fiat-backed stablecoin and expanding its crypto services to retail clients, in line with other major global banks. This move reflects a broader trend among European banks to engage with regulated crypto services. EU regulators are divided on the risks and benefits of stablecoins, with Santander’s actions potentially influencing the…

Russia’s central bank will allow financial institutions to offer crypto-linked investment products to qualified investors. These products include derivatives and tokenized securities reflecting crypto price movements. Investors can only speculate on prices, not hold digital assets. The bank stresses the importance of a conservative risk assessment framework to protect financial stability. The policy shift follows…

The Ethereum Foundation borrowed $2 million in GHO stablecoins using wETH as collateral on the Aave protocol, a move welcomed by the crypto community. This demonstrates a shift towards DeFi lending for treasury management and sustainability, following previous criticism for liquidating ETH. Aave is Ethereum’s dominant DeFi lending protocol.

In January, gold was flown from London to Switzerland to be reshaped into 100-ounce bars for COMEX delivery, creating a $50 pricing wedge. This caused Atlanta Fed’s GDPNow model to predict a recession due to increased gold imports. Bitcoin’s ease of transfer highlights the absurdity of physical gold movements. Trade war uncertainties could impact future…