Listed below are the highest crypto information of the day curated by CoinChapter.com
Futu Securities Launches Crypto Trading
Futu Securities Worldwide, Hong Kong’s on-line dealer, has launched Bitcoin and Ether buying and selling for its 22 million clients. This makes Futu the primary on-line brokerage to supply direct cryptocurrency entry to Hong Kong-based retail buyers, probably bringing new capital to the world’s two largest cryptocurrencies.
The launch coincides with rising investor curiosity in cryptocurrencies, following the current debut of spot Ether ETFs in america on July 23. Reflecting this elevated curiosity, Bitcoin’s open curiosity not too long ago hit a file excessive of $39.4 billion, signaling potential price actions within the close to future.
Crypto Information: Ripple Invests $10M in Tokenized U.S. T-bills
Ripple plans to allocate $10 million to tokenized U.S. Treasury payments (T-bills) on the XRP Ledger. The TBILL tokens, issued by tokenization platform OpenEden, can be backed by short-dated U.S. Treasuries and reverse repurchase agreements collateralized by U.S. Treasuries.
This is part of a broader development in asset tokenization, with main gamers like BlackRock additionally getting into the house. Ripple’s funding goals to reinforce the effectivity of conventional asset administration and distribution on the blockchain. The XRP Ledger, an open-source blockchain utilizing the cryptocurrency XRP, will facilitate these world monetary transfers and foreign money exchanges.
US Spot Crypto ETFs See Blended Flows
U.S. spot Bitcoin ETFs recorded minimal internet inflows of $299k whereas spot Ethereum ETFs skilled $77.21 million in internet outflows.
BlackRock’s IBIT and Grayscale’s Bitcoin Mini Belief had been the one Bitcoin ETFs with constructive flows, whereas Constancy’s FBTC noticed the most important outflows of $31.57 million.
For Ethereum ETFs, Grayscale’s ETHE continued to see outflows of $133.33 million, whereas smaller funds just like the Grayscale Ethereum Mini Belief and Constancy’s FETH attracted inflows. Trading volumes for Bitcoin ETFs remained secure at $1.37 billion, whereas Ethereum ETF volumes decreased barely to $472.5 million.
Crypto Information: Telegram Introduces In-App Browser and Mini-App Retailer
In its newest replace, messaging platform Telegram has launched an in-app browser and mini-app retailer. The browser helps decentralized web sites hosted on TON, making Web3 accessible to Telegram’s almost one billion month-to-month customers. Customers can now swap between web sites and platform messaging seamlessly.
The replace additionally contains enhancements to the platform’s app retailer, reminiscent of search choices and app previews. A brand new fee system known as Stars permits customers to ship items to pals.
Tether Reviews $5.2 Billion Revenue in H1 2024
Stablecoin issuer Tether Holdings LTD introduced a revenue of $5.2 billion for the primary half of 2024, a 57% enhance from the earlier yr. The corporate’s reserves reached an all-time excessive of $97.6 billion in U.S. Treasuries, surpassing the holdings of a number of nationwide economies, together with Germany, Australia, and the U.A.E.
Tether maintains $5 billion in extra reserves to make sure USDT stability. The corporate’s consolidated internet fairness has grown to $11.9 billion, reflecting a 70% enhance since December 2023. Tether now ranks third globally in purchases of three-month U.S. Treasuries, solely behind the UK and the Cayman Islands.
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