ETHEREUM ETFs SEE SECOND-LARGEST INFLOW IN HISTORY
* US-based exchange-traded funds (ETFs) for Ethereum recorded capital inflows worth $729.1 million on Wednesday.
* This marks the second-highest daily inflow since these funds were launched.
* At the same time, funds managed by BlackRock, Fidelity, and Grayscale collectively acquired 155,000 ETH.
CIRCLE SHARES SURGE 400% AFTER STOCK MARKET DEBUT
* Circle, the issuer of the USDC stablecoin, has seen its share value rise by over 400% since its initial public offering (IPO).
* The significant increase followed the release of the company’s first financial report, which exceeded market expectations.
* The company’s strong financial performance is attributed to the growing adoption of the USDC stablecoin in the global market.
GOOGLE PLAY INTRODUCES NEW RULES FOR CRYPTO WALLETS
* The Google Play store has updated its rules for cryptocurrency wallet applications, introducing new licensing requirements.
* The changes apply to so-called custodial wallets, whose developers must hold proper licenses in 15 jurisdictions, including the US.
* The new regulations do not cover non-custodial wallets, where users manage their own private keys.
KAIA, TETHER, AND LINE NEXT PLAN DEFI FOR 200 MILLION USERS
* Blockchain platform Kaia, stablecoin issuer Tether, and LINE NEXT, the owner of the LINE messenger, have formed a partnership.
* The goal of the collaboration is to organize a hackathon to create simple DeFi applications integrated with the messenger.
* The new services, based on the USDT stablecoin, are intended to be available to nearly 200 million active LINE users.
THUMZUP RAISES $50 MILLION FOR CRYPTO EXPANSION
* Marketing firm Thumzup Media Corporation has raised $50 million to expand its activities in the digital asset sector.
* The funds will be used for investments in cryptocurrency mining and blockchain technology.
* This is another example of a traditional sector company making a strategic entry into the cryptocurrency market.
BULLISH EXCHANGE REPORTEDLY RAISES $1.1 BILLION FOR IPO
* Reports suggest that the cryptocurrency exchange Bullish has raised $1.1 billion in preparation for its initial public offering (IPO).
* These claims have not yet been officially confirmed by key project stakeholders.
* The public listing of such a large platform would be a significant event for cryptocurrency market infrastructure.
JUSTIN SUN OF TRON SUES BLOOMBERG OVER PLANS TO REVEAL HIS ASSETS
* Justin Sun, the founder of the Tron network, has filed a lawsuit against Bloomberg news agency.
* The lawsuit aims to prevent the publication of an article that would disclose details of his private cryptocurrency holdings.
* According to Sun, making such information public would expose him to significant risks of theft, hacking, or kidnapping.
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