BANK OF AMERICA CONSIDERS ENTERING THE STABLECOIN MARKET
* Bank of America, one of the largest banks in the US, is analyzing the possibility of entering the stablecoin market.
* Potential involvement of an institution of this scale could significantly impact the cross-border payments market.
* This step is being considered in the context of developing global regulatory frameworks for digital assets.
AMTD GROUP OFFERS SHARES IN EXCHANGE FOR CRYPTOCURRENCIES
* The publicly listed AMTD Group has launched a program in which investors can exchange their cryptocurrencies for company shares.
* The company will accept Bitcoin, Ethereum, and Toncoin as well as two stablecoins in exchange for newly issued shares.
* The share price under the program will be determined based on mutual agreement between the company and the investor.
STATE OF ILLINOIS INTRODUCES NEW CRYPTOCURRENCY REGULATIONS
* Illinois Governor JB Pritzker signed two bills aimed at regulating digital assets.
* The new law introduces a legal framework for activities such as crypto ATMs in the state.
* By signing the bills, the governor criticized Donald Trump’s federal cryptocurrency policy.
ROBINHOOD SUES REGULATORS FROM NEW JERSEY AND NEVADA
* The Robinhood platform has filed lawsuits against regulatory authorities in the states of New Jersey and Nevada.
* This move aims to stop potential legal action related to the company’s sports betting contracts.
* The case highlights growing legal tensions between FinTech companies and state regulators in the US.
COINBASE INTRODUCES ADVANCED TRADING FOR SOLANA AND XRP
* The Coinbase exchange has launched advanced trading features for Solana and XRP.
* The new option is available to users in key markets, including the United States and the United Kingdom.
* The exchange’s CEO, Brian Armstrong, described the introduction of this feature as a significant step forward in the platform’s development.
A16Z: ZERO-KNOWLEDGE PROOFS CAN PROTECT PRIVACY AND FIGHT CRIME
* Venture capital fund a16z Crypto argues that technologies such as ZK proofs can reconcile privacy with regulatory requirements.
* Zero-Knowledge Proofs are a cryptographic technology that allows verification of information without revealing its content.
* This position is a response to the recent Tornado Cash ruling, which sparked debate on blockchain privacy.
ALT5 SIGMA DENIES REPORTS OF SEC INVESTIGATION
* ALT5 Sigma publicly denied rumors of a supposed investigation by the US Securities and Exchange Commission (SEC).
* Media speculation linked the company and one of its directors to an inquiry into a $1.5 billion cryptocurrency deal.
* This deal was reportedly associated with former US President Donald Trump.
MICROSTRATEGY’S BITCOIN STRATEGY FACES A MARKET TEST
* Market analysts note that, for the first time, the price premium of MicroStrategy (MSTR) shares is starting to detach from Bitcoin’s trading price.
* This premium indicated that the company’s shares were valued higher than the worth of its Bitcoin reserves.
* The phenomenon raises questions about the long-term stability of the company’s financial model in the face of growing competition in the market.
CheckDot is SAFU #dyor on CheckDot 🤝
