PayPal to Issue Dollar Pegged Crypto Stablecoin: Bloomberg
The PayPal USD will be pegged to U.S. dollars and issued by Paxos Trust. Source
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Bloomberg
U.S. Spot BTC ETF Approval Likelihood Raised to 65% by Bloomberg Analysts
Several major institutions, among them BlackRock, Fidelity, WisdomTree and Valkyrie, have in recent months filed applications for a spot bitcoin ETF to make investing in bitcoin more accessible. While the Securities and Exchange Commission (SEC) has in the past rejected such applications, many experts say there is a good chance
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BlackRock (BLK) CEO Larry Fink Got ‘Orange-Pilled’, Says Galaxy Digital’s (GLXY) Mike Novogratz: Bloomberg
Novogratz, CEO of crypto-focused financial services firm Galaxy Digital (GLXY), said Fink is "the most important thing that happened this year in bitcoin," because of BlackRock's application to list a spot bitcoin exchange-traded fund (ETF) in the U.S. in June. Source
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Crypto Mining Retailer Phoenix Looks at IPO in UAE: Bloomberg
The UAE-based firm is developing one of the region’s largest mining facilities. Original Source
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COIN CEO Brian Armstrong to Meet New Democrat Coalition Members About Crypto Legislation: Bloomberg
The meeting will concern "digital-asset legislation and related issues including tax, national security, privacy and climate," the report said. Recently, lawmakers from the House and Senate have introduced separate bills in an attempt to bring clarity to crypto regulation, though the reality of a divided Congress means it's unclear whether
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BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst says
$30 trillion worth of capital could suddenly unlock for the Bitcoin market if a Bitcoin spot ETF is approved by the U.S. Securities and Exchange Commission, according to Bloomberg ETF analyst Eric Balchunas. That is the estimated amount of assets controlled by financial advisors in the U.S., who would be willing
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Sega Rethinks Plans of Entering Blockchain Gaming, COO Calls GameFi ‘Boring’: Bloomberg
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CFTC Finds Celsius, Ex-CEO Broke Agency Rules: Bloomberg
The report says that investigators at the CFTC have concluded that the bankrupt lender and its CEO broke the regulators' rules by misleading investors, the report added. If a majority of the CFTC’s commissioners agree, the agency could file a case against them. Source
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Binance Australia’s Offices Searched by Financial Regulator: Bloomberg
The report, citing anonymous sources, comes after the company’s derivatives license was canceled in April, following an investigation into how it classified clients as professional wholesale investors, as they can get fewer regulatory protections than regular retail customers. Source
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Citigroup Reviews Partnership With Metaco, in Talks With Other Crypto Custodians: Bloomberg
Banking giant Citigroup (C) is reviewing its partnership with crypto custody firm Metaco one month after Ripple Labs announced that it agreed to acquire Metaco for $250 million. Source
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