ππ°π Hong Kong has announced that the Stablecoin Ordinance has come into effect and is currently processing license applications. The regulatory framework for virtual asset trading, custody, advisory, and management services will be submitted to the Legislative Council this year. Automatic exchange of cross-border tax information is expected to commence in 2028. #regulation link
πΊπΈπ¦ Nubank, Latin America's largest digital bank, has received conditional approval from the Office of the Comptroller of the Currency to open a U.S. branch. This is a key step toward offering crypto custody alongside deposits, cards, and lending. The full launch still requires meeting OCC conditions and securing FDIC and Federal Reserve approvals within set timelines. link
π΅οΈ In response to Binance's call, Tron will also increase its #BTC holdings in the future. link
π£ President Trump stated he chose not to appoint Kevin Hassett as Fed Chair because he "didn't want to let him go" from his administration. He described Hassett as "indescribably good." #macro
π€ #FF Falcon Finance has launched an ecosystem fund worth $50 million.
π #US macroeconomic data:
- Producer Price Index (PPI; Dec):
- m/m: 0.5% (prior: 0.2%)
- y/y: 3% (prior: 3%);
- Core PPI: 3% y/y (prior: 3%).
- Producer Price Index (PPI; Dec):
- m/m: 0.5% (prior: 0.2%)
- y/y: 3% (prior: 3%);
- Core PPI: 3% y/y (prior: 3%).
π£ #BTC Michael Saylor says, βSoon, Kevin Warsh will be the first pro-Bitcoin Chairman of the Federal Reserve.β
πΌ #LDO Lido launches stVaults on mainnet with initial users including Linea, Nansen, and several institutional stakers. The Block link
π MegaETH (MEGA) premarket trading has started on Binance Futures.
Price: ~$0.133 (1.33x auction price and ~2.2x NFT sale price)
FDV: ~$1.33 billion #nft link
Price: ~$0.133 (1.33x auction price and ~2.2x NFT sale price)
FDV: ~$1.33 billion #nft link
πΊπΈπ½ SEC and CFTC Chairmen say they "must act quickly to upgrade our rules and regulations to accommodate digital assets."
"We have designed Project Crypto to ensure that when Congress acts, the United States is ready to reinforce our global financial leadership." #regulation
"We have designed Project Crypto to ensure that when Congress acts, the United States is ready to reinforce our global financial leadership." #regulation