Author: AltCoinDrops.com
After a 13-page letter from investment powerhouse Citadel Securities advised the U.S. Securities and Exchange Commission that decentralized finance (DeFi) protocols handling tokenized securities demand a closer regulatory grip, the industry answered back with its own correspondence on Friday, calling the arguments “baseless.””While we share Citadel’s aims with respect to investor protections, orderly markets, and the integrity of the national market system, we disagree that achieving these goals always necessitates registration as traditional SEC intermediaries and cannot, in certain circumstances, be met through thoughtfully designed onchain markets,” according to the new letter to the SEC, signed by the DeFi Education…
TLDR: Tether offers €1 billion to acquire Juventus’ remaining shares from the Agnelli family. The Agnelli family holds 65.4% and currently has no plans to sell Juventus. Juventus shares have dropped nearly 30% in the past year amid market pressures. Tether seeks full ownership after holding a 10.7% stake since earlier this year. Tether has made a bold move by submitting a binding all-cash proposal to acquire the remaining stake in Juventus Football Club. The crypto firm, which already holds a 10.7% stake, is seeking full ownership of the Turin-based Serie A team. Sources indicate the Agnelli family, holding the…
Abu Dhabi’s ADNOC subsidiary ADNOC Distribution, which operates 562 service stations across the UAE as well as 172 in KSA and 243 stations in Egypt, will be utilizing AE Coin, the first regulated AED stablecoin in the UAE for payments with its retail customers. Customers will be able to pay using the AE Coin implemented in collaboration with the AEC Wallet by Al Maryah Community Bank. The AE Coin will be integrated into ADNOC Distribution’s payment channels across its key customer touchpoints, including fuel and service stations, Oasis by ADNOC convenience stores, and car washes. Customers will be able to…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to Department of Information and Communications Technology (DICT) Sec. Henry Aguda, the government is taking concrete steps to test whether blockchain can make the Philippine national budget more open and traceable. He told the Malacañang Press Corps that a working prototype will be shown to senators and representatives to prove the idea can work. The move comes as lawmakers push a bill that would put budget documents and transaction records on a distributed ledger for public verification. DICT Moves To Build Prototype Aguda said the country…
TLDR: Gemini Titan receives a CFTC Designated Contract Market license after a five-year approval process. The license enables U.S. customers to trade yes-or-no event contracts on Gemini’s web platform. Leadership credits federal support and Acting Chairman Pham for advancing a pro-innovation environment. Gemini plans to explore futures, options, and perpetual contracts as part of a broader derivatives expansion. Gemini receives US License for prediction markets, marking a regulatory shift that allows the firm to operate a fully approved Designated Contract Market in the United States. Gemini Space Station, Inc. announced that its affiliate, Gemini Titan, LLC, secured the license from…
For the first time in five years, the Russell 2000 Index (IWM) is hitting record highs while bitcoin BTC$92,398.17, which usually tops in tandem, is out of sync and remains 27% below October’s record. History suggests the largest cryptocurrency and cryptocurrencies more broadly are likely to catch up.The Russell 2000, a gauge of U.S. small-cap equities, printed a record on Thursday, as did measures for bigger companies like the Dow Jones Industrial Average (DJIA) and the S&P 500 Index. The Nasdaq 100 is just below its all-time high and metals, led by silver, are also hitting peaks.Since 2020, new highs…
Bitcoin’s [BTC] recovery efforts haven’t been totally successful lately. In the last 8 days, Bitcoin has tested the $94k local resistance twice. Both times, it failed to break through. As things stand, the higher timeframe trend remains bearish for the world’s largest cryptocurrency, despite the uptick from $84k over the last three weeks. Source: Darkfost on X In a post on X, analyst Darkfost explained that the lack of incoming liquidity might be the biggest issue holding BTC back. Stablecoin inflows to exchanges have fallen by 50% since August. It meant that there has been a lack of steady demand…
BlackRock has officially submitted an S-1 registration statement to the U.S. Securities and Exchange Commission for a new fund called the iShares Ethereum Staking Trust, expected to trade under the ticker ETHB if approved. According to CoinDesk, the proposed ETF: Seeks to track the price of Ether (ETH) while also capturing rewards from staking a portion of the fund’s ETH. Will list on Nasdaq under the ticker ETHB once the SEC and the listing exchange complete the approval process. Sits alongside BlackRock’s existing iShares Ethereum Trust (ETHA), which is a plain spot ETH ETF with no staking component. In effect,…
The U.S. Securities and Exchange Commission is set to allow firms to raise funds by selling newly issued tokenized shares directly to investors paying in stablecoins. On Wednesday, Superstate, the crypto-focused fintech firm founded by Compound creator Robert Leshner, unveiled a new blockchain-based service for Direct Issuance Programs on Ethereum and Solana. The service will enable companies to secure funding by issuing onchain securities, including tokenized versions of their existing SEC-registered shares or a new share class, according to a press release. The first issuer offerings are expected to go live in 2026. “If public companies are going to raise…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A recent comment from President Trump about digital assets has renewed speculation around XRP’s outlook, prompting investors to weigh its potential alongside options like IO DeFi. Summary Trump’s remarks have stirred fresh debate about whether XRP can realistically achieve a significant upside, with analysts stressing the need to assess fundamentals and market structure. Many investors are pairing XRP exposure with IO DeFi’s cloud mining model to secure daily passive income and balance volatility risk. IO DeFi is gaining attention…