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๐บ๐ธ NORTH CAROLINA HOUSE HAS PASSED HB 92 BILL WHICH ALLOWS THE STATE TO INVEST UP TO 5% OF FUNDS INTO CRYPTO.
THIS IS GIGA BULLISH ๐
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๐ฅBaanx has partnered with Visa to launch a stablecoin payment card tied to a self-hosted wallet, and will initially support USDC issued by Circle. The card "enables cardholders to spend USDC directly from their crypto wallets" and uses smart contracts to transfer USDC balances to Baanx in real time upon authorization, which is then converted into fiat currency to complete the payment. Baanx is also working with Mastercard to develop a wallet card tied to MetaMask. Baanx said: "We are giving people the ability to hold and spend USD stablecoins in a self-hosted, real-time manner - this is the future of finance. ๐ฅThe human verification crypto project World was launched in the United States, where users can obtain WLD tokens by verifying their identities and establish a World ID. The project will be launched in six cities: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. At the same time, World plans to launch a Visa card that allows users to pay with WLD tokens and other digital assets. In addition, World has partnered with Match Group to launch a pilot among Tinder users in Japan to help users verify their real identities. World will also provide access to the prediction market Kalshi through its application. ๐ฅ๐๐๐๐๐๐๐ These are important news in the global cryptocurrency market today. So I hope everyone in the discussion group can read the news carefully. Gradually understanding the cryptocurrency market and paying attention to the news will enable you to explore potential speculative directions in the market.
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๐ฅEric Trump, the second son of US President Donald Trump, said that the US dollar stablecoin (USD1) issued by World Liberty Financial has been officially selected as the official stablecoin to complete MGX's $2 billion investment in Binance. At the Token2049 event held in Dubai, Trump said: "We thank MGX and Binance for their trust in us, and I think this is just the beginning." Earlier this year, Abu Dhabi-based investment company MGX announced that it would invest $2 billion to buy shares in Binance. ๐ฅAnthony Pompliano, a well-known cryptocurrency investor, has filed for a $200 million IPO through a SPAC called ProCap Acquisition Corp. The SPAC aims to target high-growth companies in the fintech and digital asset sectors. Pompliano, a former product executive at Facebook and former co-founder of Morgan Creek Digital, now runs Professional Capital Management. ProCap's management team includes professionals with backgrounds in mergers and acquisitions, venture capital, and digital asset compliance. ๐ฅCanary Capital filed an S-1 registration statement with the U.S. Securities and Exchange Commission, planning to manage what could become the first spot SEI ETF in the U.S., and the fund includes a pledge element. The proposed fund is designed to provide investors with direct exposure to the price of the Sei network's native cryptocurrency, SEI, and the assets will be managed by BitGo and Coinbase. The trust plans to pledge part of its assets through one or more infrastructure providers, which may bring additional returns to investors. In addition, the fund will handle the creation and redemption of shares in cash, similar to the existing spot Bitcoin and Ethereum ETF structures in the United States.
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Blockchain finance company Dinari announced the completion of a $12.7 million Series A financing round, led by Hack VC and Blockchange Ventures, with participation from VanEck Ventures, F-Prime and Avalanche Fund. The company's total financing has reached $22.65 million, with a valuation of $40.15 million in 2024. According to Pitchbook data, Dinari's valuation in 2024 is $40.15 million. The current valuation is unclear, but the company said it has achieved profitability, but declined to disclose the specific amount. Dinari focuses on providing U.S. stock investment services to overseas investors, issuing tokens representing U.S. stock ownership through blockchain technology. Its API service has been connected to many financial technology platforms, and users can purchase tokens corresponding to stocks of companies such as Apple. Dinari will directly purchase and hold the corresponding stocks in the U.S. stock market to ensure 100% asset endorsement. ๐Market news: Morgan Stanley plans to provide cryptocurrency trading to E*TRADE customers. E*TRADE is a well-known online brokerage and electronic trading platform in the United States. Founded in 1982, it is one of the earliest companies to provide online stock trading services. The platform is mainly aimed at retail investors, providing trading services for financial products such as stocks, options, ETFs, mutual funds, bonds, as well as retirement account management and portfolio planning.
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๐ฃ๐ฃ๐ฃ๐ฃ๐ฃ๐ฃ ๐ข Now I will bring you today's key news content. Please arrange your time reasonably and read carefully to avoid missing any important information!
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โฉ๐ Musk says 'goodbye' to Trump, leaves behind '$160 billion in cuts' Report card that falls well short of expectations. Yesterday, Musk claimed at a White House meeting that the Department of Government Efficiency (DOGE ), which he leads, has saved $160 billion in spending to date. That's a far cry from the โat least $2 trillion in cutsโ he promised last fall.
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