Bullish, a cryptocurrency exchange platform, has received the New York BitLicense and plans to expand into the US market.
On September 17th, according to the report of CoinDesk, the New York Department of Financial Services has granted a Virtual Currency Business Activity License to Bullish US Operations LLC, enabling it to offer spot trading and custody services to institutions and high-net-worth traders in New York.
The exchange platform is currently regulated in the United States, Germany, Hong Kong, and Gibraltar. It positions itself as an institutional-grade liquidity venue that integrates a central limit order book with automated market making. This licensed approval will facilitate its expansion in the US market.
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The US Congress is holding a Bitcoin Strategic Reserve Advancement meeting today, with the bill calling for the purchase of 1 million bitcoins within 5 years.
On September 17th, as reported by Crypto in America, a meeting on Bitcoin Strategic Reserve Legislation was held in the U.S. Congress on the same day. Several Republican lawmakers, including Senators Ted Cruz and Marsha Blackburn, as well as industry representatives like MicroStrategy founder Michael Saylor, attended the meeting.
The "BITCOIN Act" was reintroduced by Senator Cynthia Lummis in March of this year. The bill intends to designate Bitcoin as a national strategic reserve asset on an equal footing with gold and requires the U.S. government to acquire 1 million bitcoins within the next 5 years. Hailey Miller, the Policy Director of Digital Power Network, stated that there was a strong consensus among the attendees regarding the need for a strategic Bitcoin reserve, and the next step would be to integrate it into a broader policy framework. This proposal is a further development of the policy previously enacted by President Trump to prohibit the sale and seizure of Bitco
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Caliber has successfully sold $15.9 million of convertible preferred stock and launched an ATM program to increase its LINK token holdings
September 17th. The Nasdaq-listed company Caliber recently announced that it has entered into a securities purchase agreement with institutional investors. It successfully sold $15.9 million worth of perpetual convertible preferred stock and initiated an At-The-Market (ATM) Equity Offering Program. Under the Preferred Investment Agreement, Caliber issued 15,868 shares of Series B Preferred Stock at a price of $1,000 per share, raising approximately $15.868 million. The Series B Preferred Stock is convertible into Caliber common stock at the holder's option at a price of $250 per share. It carries no voting rights, does not pay dividends or interest, and has a seniority over Caliber's Class A and Class B common stock but is junior to the company's Series A and Series AA Preferred Stock.
In addition, Caliber has filed a supplement to its prospectus with the U.S. Securities and Exchange Commission (SEC) to activate the ATM program. This program is based on the company's existing $50 mill
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Standard Chartered Bank collaborates with Qatar National Bank and DMZ Finance to launch a Tokenized Money Market Fund
On September 17th, the Qatar National Bank Group (QNB Group), Standard Chartered Bank, and DMZ Finance announced the commencement of a regulated tokenized currency fund, namely the QCD Money Market Fund, at the Dubai International Financial Centre (DIFC). This fund, which was initiated and managed by the largest bank in the Middle East and Africa, Qatar National Bank Group, will have its underlying investments overseen by QNB Group. DMZ Finance serves as a co-initiator and the exclusive provider of tokenization infrastructure.
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Cryptocurrency Mining Firm Soluna Secures Up to $100 Million Credit Facility from Generate Capital
September 17th - The developer of Bitcoin mining and AI data centers, Soluna, announced a credit agreement with Generate Capital, which is worth up to $100 million. The initial drawdown is $12.6 million, and the annual interest rate is approximately 15%.
The funds will be utilized for the refinancing and construction of the Texas Project Dorothy data center. Soluna has previously raised more than $30 million from Galaxy Digital, Spring Lane Capital, and other entities. (TheMinerMag)
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Analysis: Tonight Powell may "mildly" hint at Fed rate cut in October
September 17th. David Mericle, an economist at Goldman Sachs, stated in a report: "The crucial question for the September Federal Open Market Committee meeting is whether the Committee will convey that this is probably the first among a series of successive rate cuts. The statement is anticipated to recognize the weakness in the labor market, yet we do not think the policy guidance will be modified or suggest a rate cut in October. Nevertheless, Chairman Powell may subtly give a hint in this regard during the press conference."
Mericle anticipates that the "dot plot" will exhibit two rate cuts rather than three, although the difference is slight. In fact, Powell's remarks during the post-meeting press conference are typically more significant than the Federal Open Market Committee's statement. Along with the statement and dot plot, officials will also issue updated forecasts for GDP, unemployment, and inflation. (Fx678)
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