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Robinhood boosts AI capabilities with Pluto Capital acquisition
Robinhood has acquired AI-powered investment research platform Pluto Capital for an undisclosed amount. Read more
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Mid-sized Bitcoin transactions rise, reflecting market maturation and retail growth
Bitcoin’s relative transfer volume, when adjusted by entity and categorized by transfer size, exhibits nuanced trends across varying transaction bands. In January 2024, transfers under $1,000 constituted a minor portion of overall activity. Notably, transactions between $1,000 and $10,000 experienced a slight increase, reflecting incremental retail participation. Read more
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HKMA Releases June 2024 Quarterly Bulletin Highlighting Banking Sector Developments
The Hong Kong Monetary Authority (HKMA) has unveiled the June 2024 issue of its Quarterly Bulletin, which features an in-depth examination of recent developments within the banking sector, according to the official HKMA. Read more
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RWA platform Swarm Markets to offer tokenized gold via NFTs as MiCA stablecoin rules begin
With a little more than one week before the EU’s Markets in Crypto-Assets Regulation’s (MiCA) stablecoin rules take effect, one real-world asset (RWA) platform sees a way to offer an asset-backed toke: issuing a gold-backed NFT. Read more
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Binance Announces Tether Integration on Toncoin Network
Binance, one of the world’s leading cryptocurrency exchanges, announced it has integrated Tether (USDT) on the Toncoin Network. Read more
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Nasdaq just notched its seventh straight record high — why hasn’t Bitcoin budged?
The Nasdaq Composite is on a tear, having just made its seventh consecutive day of record highs. The Dow Jones Industrial Average and the S&P 500 have enjoyed similar highs, thanks to chipmaker Nvidia and investor frenzy around artificial intelligence. Bitcoin, however, has failed to tag along. Read more
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Oracle to Invest Over $1 Billion in AI and Cloud Computing in Spain
Oracle has announced plans to invest more than $1 billion to establish a third cloud region in Madrid, Spain. This major investment aims to bolster AI skills development and provide enhanced cloud services to various industries, including the financial sector, according to Oracle. Read more
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BlackRock, Fidelity, JPMorgan Dominate Real-World Assets Tokenization Trend
The tokenization of real-world assets (RWA) has seen a surge in interest, with financial giants like BlackRock, Fidelity, and JPMorgan taking the lead. This trend signals a significant shift in the financial industry, showcasing the growing adoption of blockchain technology to enhance efficiency and accessibility in capital markets. Read more
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3iQ Files to Launch First Solana ETF in Canada
3iQ Digital Asset Management, a Canadian digital asset investment firm, has announced the filing of a preliminary prospectus for The Solana Fund. This filing aims to initiate the first Solana exchange-traded product (ETP) in North America. The Solana Fund plans to list its Class A units on the Toronto Stock Exchange (TSX) under the ticker QSOL. Read more
