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U.S., U.K. Form Task Force to Align on Crypto and Capital Markets
Yahoo Finance· 2025-09-22 18:10
Core Insights - The U.S. and U.K. have launched a joint Transatlantic Taskforce to enhance cooperation on capital markets and digital assets [1][2] - The task force aims to develop oversight approaches for digital assets and explore opportunities in wholesale digital markets [2][4] - The initiative emphasizes the importance of aligning regulatory frameworks as technology transforms financial markets [3] Group 1: Taskforce Objectives - The task force will report within 180 days, providing recommendations in consultation with the private sector [2] - Short-term measures will focus on facilitating cross-border use cases, while long-term strategies will aim to advance digital market infrastructure [4] Group 2: Industry Implications - The collaboration is seen as a validation of the digital assets industry, promoting higher standards of transparency and accountability [5] - The initiative may set a global benchmark for other jurisdictions if they choose to follow this structured collaboration [5]
I-ON Digital Corp. Announces Strategic Long-Term Agreement with GGBR Inc. to Monetize ION.au Gold Assets, Bolstering Bitcoin and Ethereum Reserve; Records Initial Third-Quarter Proceeds from Goldfish Pre-Sales
Accessnewswire· 2025-09-22 17:45
Partnership expands I-ON's gold-backed asset strategy, establishes multi-chain reserves, and accelerates adoption of GGBR's Goldfish stablecoin. CHICAGO, ILLINOIS / ACCESS Newswire / September 22, 2025 / I-ON Digital Corp. (OTCQB:IONI), a leader in real-world asset (RWA) digitization and gold-backed digital securities, is pleased to announce a transformative long-term agreement with GGBR Inc., a Wyoming-based company launching the innovative Goldfish gold-backed stablecoin. ...
Why Ethereum Is Down 6.8% Today
Yahoo Finance· 2025-09-22 16:24
Group 1 - Ethereum's price has decreased by 6.4% in 24 hours and 6.8% since Sunday afternoon, reflecting a broader slump in the cryptocurrency market [1][2] - The price drop is attributed to profit-taking by investors following recent gains, despite the cryptocurrency trading near all-time highs [2][3] - A wave of liquidations occurred over the weekend as traders faced the expiration of leveraged positions, largely converting paper profits into cash [3][4] Group 2 - The liquidation event was influenced by the announcement of lower federal interest rates, marking the first cut since December 2024 [4][9] - Despite the recent drop, Ethereum has seen an 88% increase over the past year, indicating strong long-term value [6][9] - Ethereum remains a strong long-term investment option, with expectations of recovery alongside the broader crypto market [7][9]
SOL Global CEO Davide Marcotti Charts Strategic Growth Path with International Investor Outreach
Newsfile· 2025-09-22 12:00
Core Insights - SOL Global Investments Corp. has made significant progress under the leadership of CEO Davide Marcotti, focusing on improving its balance sheet and exploring blockchain and digital asset opportunities [1][2][4] Financial Performance - The company eliminated CAD $6.295 million in debt, enhancing its financial stability [2] - SOL Global generated approximately CAD $565,390 in passive annual staking revenues through a partnership with Hex Trust [2] Strategic Initiatives - SOL Global has successfully listed on the OTC Markets under the ticker SOLCF, increasing access to U.S. investors [2] - The company is actively reshaping its financial structure and governance to position itself as a leader in digital assets [4] Market Engagement - CEO Davide Marcotti will represent SOL Global at TOKEN2049 in Singapore, a key event for blockchain and digital assets [3] - Following the conference, he will meet with institutional investors in the UAE to expand the company's international presence [3] Company Overview - SOL Global is one of the first publicly traded companies focused exclusively on digital assets, aiming to provide public exposure through token acquisitions and investments in early-stage protocols [5]
Why SharpLink Believes Only Ethereum Can Transform Finance
Yahoo Finance· 2025-09-22 10:40
Group 1: Company Insights - SharpLink Gaming is the world's second-largest Ethereum-focused Digital Asset Treasury (DAT) company, with co-CEO Joseph Chalom emphasizing Ethereum's potential to transform traditional finance [1][2] - Since June, SharpLink has accumulated 838,150 ETH, indicating a strong commitment to Ethereum as part of its treasury strategy [2] - Chalom's background includes two decades at BlackRock, where he contributed to launching a Bitcoin ETF and an Ethereum fund, showcasing his extensive experience in the digital asset space [3] Group 2: Industry Trends - Chalom believes that the digital asset boom will transition into the real-world asset (RWA) sector, with traditional financial instruments migrating to blockchain technology [4] - The current value of tokenized assets is approximately $30 billion, but Chalom anticipates that nearly all stocks, bonds, funds, and real estate will eventually exist in digital form, enhancing transaction speed, transparency, and reliability [5] - RWA markets are expected to become competitive among institutions, with Ethereum's security and decentralized validation being key advantages, as over 60% of major stablecoins and tokenized funds are built on Ethereum [6][7]
DOGE, XRP Get ETFs. Token Traders Say ‘Meh:’ Crypto Daybook Americas
Yahoo Finance· 2025-09-19 11:15
Group 1 - The SEC has shown a pro-crypto stance by allowing a spot ETF for dogecoin (DOGE) to debut in the U.S. alongside XRP [1][2][3] - Memecoins like DOGE are driven by social media and fandom rather than intrinsic value, raising concerns about the legitimacy and risks for investors when wrapped in an ETF [2][3] - The crypto market reacted negatively, with DOGE dropping over 2% and other meme tokens experiencing declines of nearly 10% [4] Group 2 - Consensys CEO announced that a Metamask token is expected to launch sooner than anticipated, and Ethereum's Fusaka upgrade is scheduled for December 3 [5] - Traditional markets are challenging for crypto, with the dollar index and Treasury yields increasing, and the Bank of Japan signaling potential rate hikes [6] - Upcoming events include the uplisting of Grayscale Digital Large Cap Fund to the NYSE Arca Exchange and quarterly S&P 500 rebalancing [6]
BITW: Diving Into Digital Assets
Seeking Alpha· 2025-09-18 12:43
In today's article, we will analyze the Bitwise 10 Crypto Index Fund ( OTC:BITW ) trust, belonging to the digital asset firm Bitwise. Although many call it an “ETF,” the BITW is not technically an ETF to this day. ItAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other tha ...
BDACS, Woori Bank Launch South Korea’s First Won-Backed Stablecoin on Avalanche
Yahoo Finance· 2025-09-18 10:50
Core Insights - BDACS has launched KRW1, South Korea's first fully regulated won-backed stablecoin, in partnership with Woori Bank, following a successful proof of concept [1] - Each KRW1 token is fully collateralized by South Korean won held in escrow at Woori Bank, with real-time banking API integration ensuring transparent proof of reserves [2] - KRW1 operates on the Avalanche blockchain, recognized for its high-performance capabilities and reliability in public-sector applications [3] Company Developments - BDACS envisions KRW1 for various applications including remittances, payments, investments, and deposits, with plans for public-sector deployment in emergency relief disbursements [4] - The company aims to expand KRW1 to additional blockchains and explore collaborations with global stablecoin networks, including potential partnerships with USD-backed issuers like Circle and Tether [4] Industry Context - South Korean internet giant Kakao is also developing a won-pegged token through its Kaia blockchain, indicating a competitive landscape for stablecoins in the region [5] - Japan's JPYC is expected to receive regulatory approval for its yen-backed stablecoin, marking a significant advancement in stablecoin initiatives in Asia [5] - Ripple and SBI Holdings are preparing to launch RLUSD in Japan by early 2026, reflecting ongoing developments in the stablecoin sector [6] Regulatory Landscape - South Korean lawmakers are divided on stablecoin legislation, with both ruling and opposition parties advocating for full reserve backing and increased oversight by the Bank of Korea [7]
Tether, Tokenization Pioneers Unveil Startup Focused on GENIUS-Aligned Digital Dollars
Yahoo Finance· 2025-09-18 10:08
Core Viewpoint - The emergence of STBL represents a significant innovation in the stablecoin market, allowing for the separation of principal and yield in tokenized assets, akin to traditional finance's zero-coupon strip structures [1][2][3] Group 1: Product Overview - STBL converts digital assets into a dollar-pegged stablecoin and a yield-bearing NFT, enabling investors to hold or sell components based on their risk preferences [2] - The product is currently in beta testing and aims to enhance the stablecoin issuance model by allowing depositors to retain returns on their tokenized assets, unlike traditional stablecoin issuers [3][4] Group 2: Market Positioning - STBL's mission is to transform stablecoins from corporate products into public infrastructure, emphasizing that minters, rather than issuers, will retain the value of reserves, marking a shift towards "Stablecoin 2.0" [4][5] - The design aims to comply with regulatory frameworks, such as the U.S. GENIUS Act, by separating principal from yield, thus maintaining a non-security status [5] Group 3: User Interaction - Users who deposit yield-bearing assets from recognized funds like Franklin Templeton or BlackRock receive an NFT that controls the vault, allowing them to accrue interest while using the stable asset for various financial purposes [6]
Australia’s ASIC Grants Relief for Stablecoin Intermediaries, Eases AFS License Requirements
Yahoo Finance· 2025-09-18 08:47
Core Insights - The Australian Securities and Investments Commission (ASIC) has granted class relief for intermediaries distributing stablecoins issued by licensed Australian Financial Services (AFS) providers, exempting them from separate licensing requirements until June 2028 [1][2] - The relief is aimed at enhancing the commercial viability of stablecoin distribution, addressing significant barriers posed by existing licensing regimes [5][6] Regulatory Framework - ASIC's relief allows distributors to operate without an Australian market, clearing and settlement facility, or additional AFS licenses when handling stablecoins from licensed issuers [1] - The regulatory framework follows extensive consultations and updates from December 2024, clarifying that some stablecoins qualify as financial products under current law [3][4] Industry Feedback - The exemption responds to industry feedback regarding compliance costs and regulatory burdens that hinder stablecoin distribution [5][6] - Stablecoin issuers indicated that distribution would not be commercially viable without the licensing relief for intermediaries [6] Specifics of the Relief - The instrument exempts distributors from three key licensing requirements when operating financial markets, clearing and settlement facilities, or providing financial services related to stablecoins [7] - Services covered under this relief include general advice, dealing, market making, and custodial or depository services for named stablecoins [7]