The European Union is reportedly considering sanctions against A7A5, a Russian ruble-backed stablecoin that’s the world’s largest non-US-dollar pegged stablecoin. The sanctions would prohibit EU-based organizations and individuals from engaging directly or indirectly through third parties with the token, according to a report from Bloomberg on Monday, citing documents related to the proposal. Several banks…
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Bitcoin’s new all-time high helped lift shares of Bitcoin miners and some crypto treasury companies on Monday, with most ending the trading day with double-digit percentage gains. Argo Blockchain was the biggest global gainer among crypto miners on Monday, rallying over 96% on the London Stock Exchange to 5.3 British pence ($0.07), with its US…
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BlackRock’s spot Bitcoin exchange-traded fund has generated nearly $245 million in fees over the past year, making it now the most profitable ETF for the firm by a wide margin. The iShares Bitcoin Trust ETF (IBIT) currently beats the iShares Russell 1000 Growth ETF (IWF) and the iShares MSCI EAFE ETF (EFA) by $25 million…
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Key takeaways: Paul Tudor Jones expects massive upside from US markets, but notes that widespread retail and institutional participation is required for a market peak. US stock market valuations and economic conditions don’t point to an immediate downturn, supporting the thesis of continued speculative momentum. Billionaire investor Paul Tudor Jones firmly believes that US financial…
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Key points: Solid buying in Bitcoin ETFs last week helped propel the price to a new all-time high on Sunday, with buyers attempting to extend the rally on Monday. Several altcoins are showing strength and are striving to rise above their overhead resistance. Bitcoin (BTC) pulled back after hitting a new all-time high of $125,708…
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Many US federal employees have been furloughed, and others continue to work without pay, since lawmakers failed to pass a stopgap measure to fund the government last week, and the shutdown is expected to continue. As of Monday morning, there had been no reported deal between Republican and Democratic members of the US Congress to…
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Plume Network, a layer-2 blockchain designed to host real-world assets (RWAs), has registered as a transfer agent with the US Securities and Exchange Commission (SEC) — a move that bolsters its ability to bring traditional financial instruments onchain and streamline the issuance of tokenized securities. The company announced its registration on social media, saying the…
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Key takeaways: Bitcoin’s price discovery reached its strongest weekly close at $123,400. Onchain metrics and futures data show sustained bullish control above $122,000. Short-term outlooks are split between a momentum grind higher or a mean reversion dip. Bitcoin (BTC) achieved its strongest weekly close ever at $123,500 on Sunday, confirming its entry into a new…
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The European Union’s markets regulator is preparing to expand its authority to cover cryptocurrency exchanges and other operators, a move officials say would better align oversight with the bloc’s newly implemented Markets in Crypto-Assets (MiCA) framework. Verena Ross, chair of the European Securities and Markets Authority (ESMA), confirmed in an interview with the Financial Times…
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A7A5, a Russian ruble-backed stablecoin issued in Kyrgyzstan, has become the world’s biggest non-US dollar stablecoin despite facing multiple sanctions. A7A5’s market capitalization stood at almost $500 million on Monday, about 43% of the total $1.2 billion market cap of non-US dollar stablecoins, according to data from CoinMarketCap and DefiLlama. “We have already proven that…
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