Ray Dalio Recommends 15% Allocation in Bitcoin and Gold
Ray Dalio, founder of Bridgewater Associates, advised investors to allocate 15% of their portfolios to Bitcoin and gold.
He sees this as a response to the growing risk associated with U.S. debt and the long-term devaluation of fiat currencies.
Dalio views these assets as a hedge against the instability of the traditional financial system.
JPMorgan Considering Bitcoin-Backed Loans
Reports indicate that JPMorgan Chase is planning to allow clients to take out loans secured by Bitcoin.
This initiative is seen as a major step toward integrating Bitcoin into mainstream financial services.
Anthony Scaramucci, founder of SkyBridge Capital, called the potential move a "big deal" for the market.
Interactive Brokers Exploring Its Own Stablecoin
Thomas Peterffy, founder of Interactive Brokers, confirmed the company is exploring the launch of its own stablecoin.
This is part of a broader strategy to expand into digital assets amid easing U.S. regulations.
The firm joins a growing list of financial institutions, including JPMorgan and Citigroup, looking into stablecoins.
FIS and Circle Form USDC Partnership
Financial technology firm FIS has partnered with Circle, the issuer of the USDC stablecoin.
The collaboration aims to facilitate USDC transactions for U.S. financial institutions through integration with FIS infrastructure.
This solution will give FIS clients easier access to and use of stablecoins in their operations.
Canadian Company Shifts Strategy to Accumulate BNB Reserves
Canadian company CEA Industries, previously operating in the e-cigarette sector, announced a strategic pivot.
It plans to transform into a company that accumulates BNB as its primary reserve asset.
The change is backed by an entity affiliated with a Binance co-founder.
Hyperscale Data Begins Acquiring XRP
Hyperscale Data (GPUS) announced it has begun purchasing XRP.
This is part of a previously announced plan to allocate up to 10 million USD for XRP acquisitions.
The investment is part of the firm’s broader strategy to build reserves in digital assets.
Bitcoin Mining Firm MARA Raises 950 Million USD for Further Acquisitions
Bitcoin mining company Mara Holdings raised 950 million USD through a private convertible bond offering.
The funds will be used to increase Bitcoin reserves and for other corporate purposes.
Mara is one of the world’s largest publicly traded Bitcoin mining firms.
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