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Bitget has partnered with TRON, acquiring $10 million in TRX to enhance blockchain innovation and ecosystem growth. This collaboration aims to expand TRON's global reach, fostering advancements in decentralized finance (DeFi) and on-chain payment solutions. Bitget's CEO emphasized the partnership's alignment with their goal of engaging influential ecosystems, while TRON's Justin Sun expressed enthusiasm for empowering developers and broadening TRON's audience.
BPCE, one of France's largest banks, is set to launch Bitcoin and crypto investment services in 2025 through its subsidiary Hexarq, which has recently obtained PSAN authorization from the AMF. This makes Hexarq the second bank in France to receive such approval, allowing it to operate in the digital asset market.The services will be accessible via an app targeting customers of Banque Populaire and Caisse d’Épargne, marking BPCE's significant entry into the digital asset space after years of limited involvement. France is leading the EU in establishing regulatory frameworks for crypto asset service providers, with the AMF accepting applications under the new MiCA regulations.
Bitcoin's surge past $100,000 has positioned the UAE as a burgeoning crypto hub, bolstered by the Central Bank's introduction of the AE Coin stablecoin. With robust regulations like VARA in place, the region is attracting major players and fostering trust in digital assets, while the interplay between CBDCs, stablecoins, and cryptocurrencies is set to shape the future of finance.
Bitcoin (BTC) plummeted 14% in three days, dropping from over $108,000 to around $93,200, influenced by the Federal Reserve's inflation concerns. The meme coin market suffered a 20% decline, with major assets like DOGE and SHIB facing significant losses, while XRP hit a multi-day low of under $2, though optimism remains for a potential rally driven by key developments.
Binance.US plans to restore USD services by early 2025, responding to user demand after suspending fiat trading in June 2023 due to regulatory challenges from the SEC. Acting CEO Norman Reed highlighted the importance of these services for operational recovery and user experience. Despite ongoing legal scrutiny, the exchange aims to enhance compliance, expand product offerings, and maintain competitive trading fees, positioning itself as a key player in the evolving crypto landscape.
Robinhood CEO Vlad Tenev discusses the company's rapid growth in the crypto sector, driven by events like election night and the popularity of assets like Dogecoin. He highlights the strategic embrace of stablecoins, staking, and prediction markets, while addressing regulatory changes and the potential of blockchain technology to reduce costs for investors. Tenev also shares insights on how stablecoins can protect wealth amid economic instability.
Hong Kong is expediting its digital assets licensing, with authorities focusing on regulatory improvements and potential inclusion of Bitcoin in reserves, while South Korea's digital asset reforms are stalled due to martial law, delaying key initiatives like securities token offerings and real-name corporate accounts. The political crisis in South Korea has shifted attention away from virtual asset legislation, pushing timelines for reforms to 2025.
BlackRock's new Bitcoin advertisement has sparked backlash among Bitcoin enthusiasts due to a disclaimer suggesting the potential for changes to Bitcoin's fixed supply of 21 million tokens. Critics, including prominent figures in the crypto community, argue that such statements undermine the cryptocurrency's core principles and express concerns over traditional finance's influence on Bitcoin. Despite the uproar, experts note that any change to the supply cap would require broad consensus among Bitcoin miners, which is deemed unlikely.
Meme coins have surged in popularity, overtaking Bitcoin and Binance Coin among crypto holders, with 16% of respondents in a recent survey reporting ownership. Bitcoin follows at 14.4%, while BNB is at 14.23%. The survey also indicates a growing interest in AI tokens and a significant influx of new investors into the crypto market.
Germany's Free Democratic Party (FDP) is prioritizing Bitcoin and crypto policy ahead of the February parliamentary elections, advocating for a strategic Bitcoin reserve within the European Central Bank and the German Bundesbank. Their election manifesto emphasizes modernizing financial regulations to support FinTech innovations while ensuring competitiveness with European standards. The FDP also calls for a digital euro that respects user privacy and remains voluntary, reflecting a balanced approach to embracing digital assets alongside traditional monetary practices.
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