🇦🇪JUST IN: Circle, the company behind USDC stablecoin, received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM to operate as a money services provider.
“The UAE is paving the way for responsible innovators to build the internet financial system,” says CEO Jeremy Allaire.
Bitcoin should be treated as a commodity like gold, not a currency. “Trade it freely—no harm, only freedom,” says Howard Lutnick. 🇺🇸The U.S. embraces BTC and won’t turn back.
🇰🇷 South Korea’s People Power Party vows to abolish the 'one exchange, one bank' policy and approve Bitcoin spot ETFs in 2025 if it wins the June 3 election, local news reported.
🇦🇪 Abu Dhabi’s ADQ, IHC, and First Abu Dhabi Bank unveil a dirham-backed stablecoin, fully regulated by UAE Central Bank in support of its national digital asset strategy. 🏦
📈LATEST: Standard Chartered’s Geoffrey Kendrick urges investors to “buy bitcoin now,” forecasting a surge to $120,000 in Q2 2025, driven by U.S. investors shifting from gold to BTC as a hedge.🚀
Kendrick states a $200,000 year-end target for Bitcoin.
⚡️BREAKING: As per Bloomberg, Coinbase Asset Management launches Coinbase Bitcoin Yield Fund on May 1, targeting 4-8% annualized net return in Bitcoin for non-US institutional investors.