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USDC Temporarily Depegs on Binance Amidst Crypto Market Sell-Off In a surprising move that startled the cryptocurrency market, Circle's USDC dollar-pegged stablecoin momentarily depegged from its $1 value, falling as low as $0.76 on the Binance exchange platform. This incident occurred during a market-wide sell-off, which was spurred by skepticism over the potential approval of […]

Introduction The Securities and Exchange Commission (SEC) has recently held meetings with potential issuers of spot Bitcoin Exchange Traded Funds (ETFs) to discuss their active applications. As a result of these meetings, it has been decided that a cash creation methodology will be adopted by these issuers, instead of the usual "in kind" transfers. This

GAIMIN Chosen as Inaugural Incubatee by CMC Labs GAIMIN, the leading provider of decentralized data processing power through gaimin.cloud, has been announced as one of the inaugural incubatees of the newly launched CMC Labs accelerator program by CoinMarketCap (CMC). CMC is widely regarded as the most trusted source of news, data, and community engagement in

Introduction PropyKeys, a new gamified application, is introducing a home addresses market onchain as part of the Propy ecosystem. This decentralized application (dApp) game is powered by the PRO token and launched on Base, a layer-2 network operating on top of Ethereum and part of the Coinbase ecosystem. Participants can mint their own or someone

Real World Asset (RWA) Tokenization: A Game-Changer for Financial Markets A recent report issued by JPMorgan and Bain and Company executives highlights the immense potential of tokenization technology in the financial market. The report specifically emphasizes the impact of tokenization on alternative investments, such as private equity, private credit, real estate, and hedge funds, and

Introduction The Klaytn Foundation, an organization dedicated to expanding the Klaytn ecosystem, has announced that Creder, a governance council member, will be launching a tokenized gold offering called Gold Pegged Coin (GPC) in January. Additionally, Creder will introduce Goldstation, a decentralized finance platform that allows users to convert physical gold into GPC tokens. The Launch

In a strategic move, Ark Invest has sold over $29 million worth of COIN shares from its ETFs, as part of its portfolio rebalancing strategy. This decision is in line with Ark's target weighting policy and comes after Coinbase's impressive performance in the last quarter of 2023. Ark Invest's Continued Selling of Coinbase Shares Reflects

Proposed Rule Changes for Spot Bitcoin ETFs Eleven spot bitcoin exchange-traded funds (ETFs) are edging closer to approval by the U.S. Securities and Exchange Commission (SEC). Rule changes have been proposed to list and trade all 11 spot bitcoin ETFs on stock exchanges, and these proposals have been filed with the SEC. An ETF analyst

The London Stock Exchange (LSE) recently published a "crypto ETN admission factsheet," signaling its decision to entertain applications for Bitcoin exchange-traded notes (ETNs). This move is part of the LSE's initiative to broaden its offerings and give investors exposure to Bitcoin. Understanding Bitcoin Exchange-Traded Notes (ETNs) Bitcoin exchange-traded notes are financial instruments that mirror the

Introduction During the first week of 2024, the digital currency Solana witnessed a significant decline, with its value dropping by over 6%. This downward trend has pushed Solana down to the fifth position in terms of market rank. As of Saturday, January 6, 2024, Solana's value is oscillating below the $100 mark. A Chill in