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Bitcoin (BTC) and cryptocurrency exchange Gemini (GEMI), founded by twins Tyler and Cameron Winklevoss, experienced a major debut on the Nasdaq, soaring nearly 40% following the company’s initial public offering (IPO), which raised $425 million. Gemini Success On Nasdaq DebutBased in New York, Gemin…
Gemini, the crypto exchange founded by billionaires Cameron and Tyler Winklevoss of Facebook fame, has secured Nasdaq as a strategic investor ahead of its proposed initial public offering.Nasdaq has entered into an agreement to buy $50 million of Gemini's Class A common stock in a private placement …
Kazakhstan’s financial regulators have allowed license and supervision fees to be paid in USD-pegged stablecoins.Kazakhstan’s Astana Financial Services Authority (AFSA), a designated financial authority for the Astana International Financial Centre (AIFC), has launched a project enabling AIFC member…
Tether, the largest stablecoins issuer, has minted a whopping $2 billion in USDT through the Ethereum network today. As a result, Tether and Circle have now issued more than $12 billion during the last one month.According to on-chain data analysis from CryptoQuant, Binance’s net stablecoins inflow …
Paradigm has announced the launch of a new layer one (L1) blockchain dubbed Tempo. According to Matt Huang, Paradigm’s founder, Tempo is a payment-focused blockchain that was incubated by several investors led by Stripe and Paradigm, with its key features enabling the mainstream adoption of stableco…
Galaxy Digital CEO Mike Novogratz said that AI agents will soon become the top users of stablecoins.During an interview with Bloomberg published on Wednesday, Novogratz said that “in the not-so-distant future, the biggest user of stablecoins is going to be AI.” He said he expects users will be able …
Tokyo-based publicly traded financial services company Monex Group is considering a Japanese yen-pegged stablecoin.According to a Tuesday TV Tokyo report, Monex Group Chairman Oki Matsumoto told the outlet that the company is considering issuing a yen-pegged stablecoin in Japan.“Issuing stablecoins …
US Federal Reserve Governor Christopher Waller told his peers and the private banking sector that there’s “nothing to be afraid of” about crypto payments despite it operating outside the traditional banking system.“There is nothing scary about this just because it occurs in the decentralized finance…
SPAC King, Chamath Palihapitiya, is back in the blank check game with a $250 million initial public offering for American Exceptionalism Acquisition Corp. A. According to the filing with the US Securities and Exchange Commission (SEC) on Monday, the firm is targeting decentralized finance, AI, energ…
** Shares of second-largest stablecoin issuer Circle Internet Group down 1.6% premarket to $136.98 after $1.3 bln equity offering ** Co late Thurs announced pricing offering of 10 mln shares at $130 ** Circle offered 2 mln shares while selling shareholders, including CEO Jeremy Al…
Circle Internet Financial, the issuer of the USDC stablecoin, has seen its newly listed stock, CRCL, gain 5% on Tuesday after reporting robust revenue figures in the second quarter of the year following its initial public offering (IPO). USDC Circulation Soars 90% Year-Over-YearThe uptick in Circle’…
Paxos has filed a new application with the U.S. Office of the Comptroller of the Currency to secure a national trust charter, seeking to replace its New York state license with federal oversight. The move comes shortly after Circle and Ripple submitted similar filings, marking an intensifying race a…