Jefferies: Bitcoin an Inflation Hedge for Long-Term Investors
Global investment bank Jefferies stated Bitcoin serves as a safeguard against currency devaluation and rising inflation in a new analyst note.
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ProShares Debuts 6 New Ethereum Futures ETF Products
Investment firm ProShares has released six Ether futures exchange-traded funds, marking the first ETF offerings for the cryptocurrency.
Binance Debuts Crypto Rival To Elon Musk’s X App
Binance has released a new social media platform called Binance Feed, with CEO CZ promoting it as a rival crypto discussion hub to Elon Musk’s X app.
Japan Set To Unveil Dogecoin-Funded Dog Statue
A bronze statue of Kabosu, the dog that inspired Dogecoin, funded by the crypto’s community will be displayed in Japan starting November 2023.
3 Factors Driving Solana’s Price Gains
Solana has seen its SOL token price rise over 20% in recent weeks thanks to network upgrades, increased DApp usage, and growing NFT volumes.
Backed Finance Launches Tokenized Bond ETF on Base Layer-2
Tokenization protocol Backed Finance has rolled out a tokenized version of a BlackRock bond ETF on Coinbase’s Base layer-2 network.
Google Doubles Down On Opposing Canada’s Online News Act
Google stated Canada’s draft regulations for its Online News Act don’t address the company’s concerns, potentially putting it on a collision course with Ottawa.
Taiwan Pushing For Crypto Regulations By End of November
Taiwan lawmakers are rushing to propose a draft crypto regulation law by end of November to prevent regulatory arbitrage as offshore exchange concerns grow.
JPMorgan: Rise of Ethereum Staking Increased Centralization
A new JPMorgan report says Ethereum has become more centralized due to staking growth after the Merge, also leading to lower yields.
Retail Stablecoin Trading Still Prohibited in Hong Kong
A Hong Kong official has stated that retail investors are not permitted to trade stablecoins until regulations are formally implemented, expected by end of 2024.