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Filecoin trades little changed, underperforms broader crypto markets

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Filecoin fell 0.2% to $1.37 over the past 24 hours as the token underperformed the broader crypto markets. The broader market gauge, the CoinDesk 20 Index, was 3% higher at press time. FIL trading activity jumped 29% above its seven-day average, signaling heightened institutional interest, according to CoinDesk Research’s technical analysis model. The elevated volumes […]

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ADNOC distribution accepts UAE’s AE Coin Stablecoin at 980 fuel and retail locations

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ADNOC Distribution, the UAE’s largest fuel and convenience retailer, will begin accepting AE Coin stablecoin for payments across its retail network at nearly 980 service stations in the United Arab Emirates, the Kingdom of Saudi Arabia and Egypt. The retailer signed a memorandum of understanding (MOU) with Al Maryah Community Bank to enable customers to

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Citadel Securities and DeFi wage war of words through SEC correspondence

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After a 13-page letter from investment powerhouse Citadel Securities informed the US Securities and Exchange Commission that decentralized finance (DeFi) protocols that handle tokenized securities require a closer regulatory grip, the industry hit back with its own correspondence on Friday, calling the arguments “baseless.” “While we share Citadel’s goals of investor protection, orderly markets, and

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

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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

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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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