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USDT Issuer Seeks Full Takeover, Invest $1B in Soccer Club

Tether, the crypto company behind the world’s largest stablecoin, USDT USDT$1.0002aims to acquire popular Italian football club Juventus FC, increasing its minority stake to 100%. The firm said on Friday it has submitted a binding proposal for majority shareholder Exor’s 65.4% stake in the club in a cash offer, according to a Friday blog post. […]

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Pakistan Moves Towards Tokenization of $2B in government assets with Binance

Binance set to explore tokenization of up to $2 billion in bonds, T-bills and commodity reserves in PakistanReuters reported on Friday. The memorandum of understanding (MOU) with the world’s largest crypto exchange by trading volume highlights Pakistan’s push to use blockchain technology to unlock liquidity and attract foreign investment as it explores a formal crypto

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Ripple, Circle, BitGo among five crypto companies to become trust banks

Five digital asset firms have received conditional approvals to become federally chartered trust banks by the Office of the Comptroller of Currency (OCC) on Friday in a major move to bring US dollar-denominated stablecoin issuers under federal regulatory oversight. Blockchain firm Ripple and Circle’s (CRCL) First National Digital Currency Bank is on the list, which

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Interactive brokers are now accepting Stablecoins in a bid to remain competitive

Interactive Brokers will now allow retail investors to fund individual brokerage accounts with stablecoins, a move aimed at keeping up with the increasingly competitive retail market, Bloomberg reported Friday. The Greenwich, Connecticut-based brokerage competes with rivals including Robinhood Markets Inc. and Charles Schwab Corp. and earlier this year expanded its cryptocurrency trading capabilities along with

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HBAR falls 4% to $0.1247 as afternoon sell-off breaks

HBAR is trading lower on Thursday after breaking through several technical levels during an afternoon selloff that pushed the token down 4% to $0.1247. The Hedera network’s native token is posting a $0.0082 range, representing 6.4% volatility, as resistance at $0.1320 proves insurmountable for bulls trying to extend gains. Volume patterns reveal increased institutional participation

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Dip below $90,000 as AI bubble worries weigh on tech stocks

Artificial intelligence-focused stocks come under pressure on Friday, dragging technology-related stocks and bitcoin. BTC$92,441.66 lower during the early US session. Chipmaker Broadcom ( AVGO ), the ninth-largest asset by market capitalization, fell 10% despite strong earnings as its outlook disappointed investors’ lofty expectations. The Nasdaq index fell more than 1% in the first hour of

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Backed, Chainlink unveils xBridge to move tokenized shares between Solana and Ethereum

Backed Finance introduces xBridge, a new cross-chain bridge designed to move tokenized shares across blockchains without losing track of stock splits, dividends or other corporate actions. Revealed at the Solana Breakpoint and built in collaboration with Chainlink, xBridge allows users to transfer tokenized stocks, called xStocks, between Ethereum and Solana, according to an emailed announcement

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Phantom Adds Kalshi to Wallet, Lets Users Trade Prediction Markets with Solana Tokens

Crypto wallet Phantom is rolling out prediction markets to its 20 million users through a partnership with Kalshi, the US-regulated event trading exchange, the firm said on Friday. The feature will allow Phantom users to trade real-world outcomes such as US elections, macroeconomic events or crypto prices without leaving the wallet interface. Phantom also introduces

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