Coinbase to soon offer prediction markets and tokenized stocks

Coinbase is reportedly preparing to launch its own prediction market with the backing of US-based operator Kalsi to expand the variety of assets available on the exchange as investor interest in cryptocurrencies wanes, Bloomberg and CNBC report. The announcement is expected to be made next week in conjunction with Coinbase’s “Coinbase System Update” showcase on…

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Bitcoin Giant Strategy maintains position in Nasdaq 100 Index

Bitcoin-centric Corporate Strategies (MSTR) will survive the annual reorganization that has seen several big-name companies drop out and remain in the Nasdaq 100 index. The company, which started as business software provider MicroStrategy, pivoted to stockpiling Bitcoin as its core strategy in 2020. Since then, 660,624 BTC worth $59.55 billion has been accumulated and added…

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Pyth Network launches PYTH Reserve to maintain network value through token purchases

Important points PYTH Network introduced PYTH Reserve to use protocol revenues for monthly PYTH token purchases, directly tying product adoption to network value. PYTH Reserve’s resources grow with revenue and are managed through structured reviews and decentralized financial operations. Share this article Pyth Network, a provider of real-time financial market data for blockchain and smart…

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Citadel Securities and DeFi engage in a war of words over SEC response

After investment giant Citadel Securities recommended in a 13-page letter to the U.S. Securities and Exchange Commission that decentralized finance (DeFi) protocols that handle tokenized securities require stricter regulation, the industry fired back with its own letter on Friday, calling the argument “baseless.” According to a new letter to the SEC signed by the DeFi…

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Garlinghouse Announces “Big News” to Ripple: Secures National Trust Bank Approval

Ripple CEO Brad Garlinghouse announced a few minutes ago that his company has received conditional approval to form Ripple National Trust Bank from the U.S. Office of the Comptroller of the Currency, a national agency established to ensure the safety and soundness of national banking systems. Additionally, as journalist Eleanor Terret explained, Circle received similar…

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US market races towards on-chain payments after SEC inaction

Traditional financial markets are rapidly moving on-chain as the head of the U.S. Securities and Exchange Commission strengthens the idea of ​​an “innovation exemption” to accelerate tokenization. “U.S. financial markets are ready to go on-chain,” SEC Chairman Paul Atkins wrote in a Friday His comments came shortly after the SEC issued a “no action” letter…

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Did an organization ruin PEPE’s fair launch? Bubble Map flags Genesis’ 30%, $2 million dump

New blockchain analysis raises questions about the long-promoted “fair launch” of PEPE Meme Coin, after the latest data suggests that almost a third of the coin’s initial supply may have been controlled by a single entity. The findings come from blockchain visualization platform Bubble Map, which released its latest breakdown on Wednesday and claimed that…

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