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CRCL moved to neutral after underperformance at Mizuho

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Shares of Circle (CRCL) rose 4% on Wednesday after Japanese financial giant Mizuho upgraded the stock to neutral, highlighting an increase in activity on crypto prediction platform Polymarket as a new growth driver for Circle’s stablecoin USDC. “When we launched CRCL with underperformance…We were concerned then that meager USDC distribution, falling interest rates, and fierce […]

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First gold and silver, now oil is starting to rebound and that’s not good news for Bitcoin

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For Bitcoin BTC$88,215.96 bulls, it seems like one setback after another. Early precious metals like gold and silver have hit record highs, draining capital from the crypto market. And now oil is also starting to rise, threatening to skew macroeconomic forces in favor of Bitcoin bears. The price of a barrel of West Texas Intermediate

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Bitcoin trader warns of decline as gold rally continues

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Bitcoin BTC$88,224.20 remains under pressure as the strong dollar and rising commodities take the spotlight away from the crypto market. The premier token fell below $88,500 on Thursday after briefly trading above $89,000 earlier in the session, extending a choppy week of price action. Ether ETH$2,953.05 fell back towards $2,950, while solana GROUND$123.48XRP XRP$1.8875 And

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UAE central bank approves dollar-backed stablecoin

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EMBARGOED UNTIL JANUARY 29, 10AM GST The Central Bank of the United Arab Emirates (CBUAE) has approved the country’s first dollar-backed stablecoin under the bank’s Payment Token Services Regulation (PTSR), according to a press release issued on Thursday. The issuance and management of the USDU token is managed by Universal Digital, which is regulated by

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SEC Clarifies Rules for Tokenized Stocks, Strengthens Control over Synthetic Stocks

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The Securities and Exchange Commission is pushing back against a growing market for “tokenized stocks” that look like stocks, trade like stocks, but don’t actually confer ownership, by issuing new guidance that places third-party synthetic stock products directly under traditional securities and derivatives rules. In a joint statement, the SEC’s Corporate Finance, Investment Management, and

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Wall Street takes tokenized securities case to SEC, flags DeFi implications

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Five Wall Street firms met with the Securities and Exchange Commission’s Crypto Working Group on Tuesday to discuss regulatory approaches to digital assets and decentralized finance (DeFi) and how tokenized securities should be treated under existing federal laws. According to the SEC memo released Tuesday, representatives from the Securities Industry and Financial Markets Association (SIFMA),

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MegaETH mainnet goes live on February 9 in major “real-time” Ethereum scaling test

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MegaETH, the much-watched high-performance layer 2 Ethereum network, announced that its public mainnet will go live on February 9, marking a major milestone for a project that has attracted a lot of attention in the scaling landscape. MegaETH is positioned as a “real-time” blockchain for Ethereum, designed to deliver ultra-low latency and massive transaction throughput.

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Coinbase (COIN) and Kalshi Team for Market Prediction for US Crypto Exchange Customers

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Coinbase (COIN) has rolled out its new prediction market platform to US users, allowing them to trade on the outcomes of real-world events including elections, sports, collectibles and economic indicators. The platform, announced in December, is built in partnership with Kalshi, a U.S.-regulated prediction market operator recently valued at $11 billion. Kalshi offers event-based contracts

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