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Ripple has partnered with the Web3 Salon project by the Asia Web3 Alliance Japan to back XRPL startups in Japan. Announced Monday, the XRP issuer will offer a grant funding of up to $200,000 per project over the next year. The program is a part of the XRPL Japan and Korea Fund and Ripple’s broader…
Key Takeaways: XRP has been added to the Nasdaq Crypto US Settlement Price Index. Current SEC restrictions prevent Hashdex’s ETF from holding XRP, though a rule change decision is pending. XRP price faces short-term bearish pressure, with key resistance at $2.30 and downside risk toward $2.14. XRP has joined the Nasdaq Crypto US Settlement Price…
Blockchain Group, listed on Euronext Growth Paris, on Monday announced a $342m capital raise in partnership with asset manager TOBAM, aiming to expand its Bitcoin reserves and solidify its position as Europe’s first dedicated Bitcoin Treasury Company. The company will issue new shares through a structure similar to an “at-the-market” program, widely used in the…
Spot trading activity on centralized exchanges (CEX) has dropped to levels last seen in Oct. 2020, according to data shared by CryptoQuant analyst Axel Adler Jr on Monday. The sharp decline reflects a broader market shift, with fewer coins being sold or moved on-chain as crypto investors choose to hold their assets rather than actively…
Key Takeaways: Argentina’s Anti-Corruption Office ruled that President Milei did not breach ethics laws by endorsing LIBRA. LIBRA’s value plunged 94% after Milei’s post, leading to $251 million in investor losses. A federal court investigation continues as critics question the transparency of the LIBRA probe. Argentina’s Anti-Corruption Office has ruled that President Javier Milei did…
Largest Bitcoin corporate holder Strategy’s executive chairman, Michael Saylor, is up with another post on X, signalling a possible fresh Bitcoin acquisition. On Sunday, he posted a chart of the company’s BTC holdings, touting that Strategy aims to increase its Bitcoin purchases. “Send more Orange,” his message read, as Orange is widely recognized as a…
Coinbase says it has slashed unnecessary account restrictions by 82%, following widespread criticism over long-standing issues that left users locked out of their accounts for weeks or even months. CEO Brian Armstrong acknowledged the issue in a June 6 post on X, calling account freezes a “major issue” that had persisted “for longer than is…
The Japanese Senate, the House of Councilors, has approved a legal amendment that will give crypto brokerage firms more freedom to operate in the country. Per the Japanese newspaper Nihon Keizai Shimbun, senators approved several revisions to the Payment Services Act on June 6. Japanese Crypto Brokerages: Deregulation on The Way The revised act contains…
Key Takeaways: The Bitcoin Family now hides their crypto seed phrases across four continents amid growing kidnapping threats. Recent violent attacks on crypto holders have triggered new personal security measures in the industry. Crypto executives are increasingly hiring private security. A wave of violent kidnappings targeting cryptocurrency holders is pushing some of the industry’s most…
Key Takeaways: Deutsche Bank is exploring issuing a stablecoin and developing tokenized deposit solutions for payments. Growing regulatory clarity in the EU and US is accelerating institutional interest in stablecoins. Deutsche Bank has expanded its crypto capabilities through partnerships. Deutsche Bank is stepping deeper into the digital assets space, as Europe’s largest lender explores stablecoins…