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Goose.run has launched as the first MemeFi platform on Base, offering customizable fair launch options, borrowing capabilities, and gamified features for memecoin creators and traders. The platform combines DeFi opportunities with unique tools like dynamic distribution AMM and programmable pools, enabling trading without liquidation risks. Additionally, it integrates the veMAV token to enhance community participation and promote token scarcity through buy-and-burn mechanisms.
The Aptos Foundation has donated $1 million to Singapore Management University (SMU) to establish its first Blockchain Professorship, enhancing the university's role in blockchain education and research. This partnership aims to foster innovation and talent development, supporting various initiatives including the Aptos Move-BIG Startup Award and student engagement activities. By collaborating with industry leaders, SMU seeks to strengthen Singapore's position as a global hub for blockchain innovation.
Crypto.com has partnered with Deutsche Bank to enhance its corporate banking capabilities as part of its global expansion strategy. This collaboration aims to streamline financial operations in key regions like Singapore, Australia, and Hong Kong, while supporting the exchange's commitment to compliance and security.As part of its aggressive growth plan, Crypto.com is also launching a stablecoin and an ETF, and has acquired Orion Principals Limited to offer a wider range of financial services. Additionally, the exchange has introduced a MasterCard-powered prepaid card in Bahrain, further solidifying its presence in the Gulf Cooperation Council region.
Denmark's Nykredit has made a DKr24bn ($3.5bn) cash offer to acquire Spar Nord Bank, representing a 49% premium on its share price, with completion expected in the first half of 2025. In other news, AllianceBernstein plans to sue Switzerland over the $17bn writedown of Credit Suisse's AT1 bonds, joining a lawsuit that claims investor rights were violated during the UBS takeover. Additionally, DBS Group, Mitsubishi UFJ Financial Group, and Sumitomo Mitsui Financial Group are potential bidders for Indonesia's Panin Bank, which has seen a significant rise in its share value this year. Morgan Stanley will pay $15mn to settle SEC allegations regarding inadequate fraud prevention measures at its Smith Barney unit.
Bybit participated in the Vietnam Tech Impact Summit 2024, discussing the regulatory landscape for digital assets. Chief Legal & Compliance Officer Robert MacDonald emphasized the need for robust regulations to foster trust and innovation, highlighting the challenges of integrating digital assets into traditional finance. The panel called for global regulatory consistency to enhance scalability and protect investors, with Vietnam positioned to align with best practices while addressing local needs.
Prudential Plc is exploring options for its asset manager, Eastspring Investments, which may include selling a minority stake to expand the business. The insurer is collaborating with a financial adviser for a review, with a potential valuation of Eastspring at approximately $3 billion.
A sharp crypto market correction resulted in $1.7 billion in liquidations within 24 hours, with Bitcoin dropping to $94,100 and Ethereum falling 8% below $3,800. Speculation surrounds the impact of Google's new quantum chip, 'Willow,' on crypto security, although experts assert that current threats remain minimal. Meanwhile, Bhutan transferred 406 Bitcoin to QCP Capital, raising concerns about its market influence.
Global markets opened the week cautiously, with Wall Street's tech stocks driving gains amid mixed sentiment. Investors are anticipating a 25 basis point rate cut from the Federal Reserve, supported by a strong US jobs report, while central bank meetings and US CPI data will be pivotal for future rate expectations. The US dollar found support at the 105.13 trendline, while the EUR/USD faces risks ahead of the ECB meeting, and the Japan 225 index shows potential for gains amid economic resilience.
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eToro, BYDFI, and Gemini are three prominent crypto trading platforms, each catering to different user needs. eToro excels in social trading with its CopyTrader feature, BYDFI offers a comprehensive trading solution with high leverage options, and Gemini prioritizes security and user-friendliness. All three platforms support fiat currency deposits, making them accessible for various traders.
Binance's CEO Richard Teng announced that the cryptocurrency exchange has yet to finalize its global headquarters location, citing the complexities involved in the decision. This comes as part of the company's efforts to enhance transparency following legal issues faced by its former CEO, Changpeng Zhao. Teng emphasized that tax laws and talent attraction will influence the choice, while Binance continues to engage with various jurisdictions and has established a board of directors to improve corporate governance.
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