š MARKET MOVING NEWS! (10/01/25)
1ļøā£ Mantra And Damac Sign $1B Deal to Tokenise Middle Eastern Assets š°
Real world asset (RWA) tokenisation blockchain Mantra has reportedly signed a $1 billion agreement with investment conglomerate Damac Group. The partnership seeks to enable token-based finance in the Middle East by bringing blockchain-powered transparency and security. The Damac group will use Mantra to tokenise its extensive asset portfolio, which spans sectors such as real estate development, data centers and hospitality. Access to Damacās assets will be exclusively available on the Mantra chain early this year. John Mullin, co-founder and CEO of Mantra, has stated that the endorsement from Damac āis a massive vote of confidence for the future of RWA tokenisation.ā
2ļøā£ Rep. Bryan Steil to Lead US House Subcommittee On Digital Assets ā¶ļø
According to a statement released by the House Financial Services Committee on Thursday, Wisconsin lawmaker Bryan Steil will be the next chair of the Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence after Representative French Hill. Rep. Hill will reportedly be moving on to take over leadership of the full House Financial Services Committee after the departure of Patrick McHenry, who did not run for reelection in 2024. Steil is known for previously criticising the U.S. Securities and Exchange Commissionās approach to crypto. Crypto advocacy group Stand with Crypto also gave Steil an "A" grade for his stance on crypto, citing comments he has made over the past few years.
3ļøā£ 996 Bitcoin Mining Devices Seized By Thai Police ā
According to a report by the Bangkok Post, Thai Police and electricity officials have seized 996 bitcoin mining devices at a company that they say stole huge amounts of electricity to run them. The company, reportedly based in the Phanat Nikhom district of Chon Buri, is registered to conduct digital asset trading activities. Thai police Crime Suppression Division commander Pol Maj Gen Montree Theskhan stated that suspicions arose over its power consumption patterns. The raid revealed that the company stole electricity by using modified power meters to run the cryptocurrency mining rigs. Losses incurred by electricity providers were estimated at hundreds of millions of baht.
4ļøā£ Coinbase Receives CFTC Subpoena for Customer Data Related to Polymarket ā¼ļø
According to a Decrypt report, crypto exchange Coinbase has received a subpoena from the U.S. Commodity Futures Trading Commission in connection with the crypto-based prediction market platform Polymarket. The report states that Coinbase users have been receiving emails from the U.S. exchange, alerting them of an ongoing investigation. The subpoena reportedly sought āgeneral customer informationā in relation to Polymarket. The exchange stated that it āmay be required to send informationā to the CFTC, depending on legal procedures that could occur within the following week.
5ļøā£ CleanSpark Becomes Fourth Bitcoin Miner To Hold 10,000 BTC šø
US Bitcoin mining firm CleanSpark has reportedly become the fourth publicly listed miner to hold more than 10,000 BTC. The company is now reported to hold 10,097 BTC in its treasury. Notably, this marks a 236% year-over-year increase in CleanSparkās BTC-denominated treasury. CEO Zach Bradford attributed this rise to the company scaling more efficiently and responsibly. He highlighted that all of CleanSparkās 10,097 Bitcoin was mined in the US, supporting American energy and jobs while contributing to the growth of Bitcoinās global ecosystem.
6ļøā£ Standard Chartered To Offer Crypto Custody Services In EU With New Luxembourg License ā¼ļø
Banking giant Standard Chartered has reportedly received a license in Luxembourg to offer crypto custody services through a new entity. The bank stated that the new entity in Luxembourg acts as its āEU regulatory entry pointā for offering crypto and digital asset custody services. This comes after the Markets in Crypto Assets (MiCA) regulation came into full effect on Dec. 30. Standard Chartered has named Laurent Marochini as the new CEO of its Luxembourg operations.
