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Tether Acquires Minority Stake in Bit2Me and Leads €30 Million Funding Round

3 hours ago

On August 7th, as per an official announcement, Tether has made an announcement regarding the acquisition of a minority stake in the digital asset platform Bit2Me and has taken the lead in a €30 million financing round, which is expected to be completed in the coming weeks. This financing will be utilized to support Bit2Me's expansion within the European Union and to enhance its business operations in Latin America, particularly in Argentina. Previously, Bit2Me became the first Spanish-speaking cryptocurrency asset service provider to receive authorization from the National Securities Market Commission (CNMV) of Spain and to comply with the requirements of the European Union's Markets in Crypto-Assets regulations (MiCA). With the MiCA license, Bit2Me is legally able to operate in all 27 EU member states.
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Animoca Brands partners with ProvLabs to create cross-chain insurance vault marketplace NUVA

On August 7th, as per official information, Animoca Brands and Provenance Blockchain Labs (ProvLabs) have announced a strategic partnership today. The two parties are set to jointly develop NUVA, which is a marketplace that connects Real-World Asset (RWA) issuers with investors. NUVA will transform into a unified and cross-chain-compatible marketplace. Each marketplace within it will possess a distinct yield strategy and risk profile. Investors, encompassing retail investors, institutions, Web3 foundations, and treasuries, will be able to gain access to a wide range of investment products through NUVA in a permissionless manner.

11 minutes ago

Binance will launch YALA and CARV USDT-Margined Perpetual Contracts

On August 7th, as per an official announcement, Binance is going to list YALA and CARV perpetual contracts.

11 minutes ago

Federal Reserve Bank of Boston: I Still Believe There Will Be One Rate Cut This Year

On August 7th, the President of the Boston Fed stated that he still believed there would be one rate cut this year. (Xinhua Finance)

11 minutes ago

「Insider Trader」 @qwatio Lost Entire $29 Million Profit Plus Principal in Just Six Months

On August 7th, according to Ember Monitor, "@qwatio, the 'Insider Trader'," spent 475,000 USDC today to establish a short position on GMX. This short position was just liquidated. It lasted for six months, with an initial principal of $3 million and a final profit of $29 million. However, in the end, the entire amount was lost.

11 minutes ago

Binance: EU Users Can Use Mastercard for Cryptocurrency Withdrawals

On August 7th, Binance officials declared that European users are able to convert their cryptocurrencies into fiat currency and directly deposit/withdraw funds to/from eligible Mastercards.

11 minutes ago

Market News: Warle Emerges as a Top Contender for Fed Chair in Trump Administration

On August 7th: Based on market information, Waller has emerged as a leading candidate for the position of Fed Chair within the Trump administration. Waller has had meetings with the Trump team but has not yet met with Trump himself. It is reported that the Trump team is in favor of Waller's willingness to cut interest rates based on forecasts. (FX168)

11 minutes ago

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