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The latest crypto coverage from the TrustFinance editorial desk.
A new platform allows users to send Tether (USDT) as personalized digital gifts, with a key feature being that recipients can redeem the full card value without incurring service or network fees.
Cryptocurrency exchange Bitget has partnered with Swiss digital asset bank Sygnum, a move that pushes the share of global crypto trading volume using bank-held collateral to over 50%. The integration allows Bitget's institutional clients to hold assets off the exchange's balance sheet.
Litecoin (LTC) experienced a significant rally, climbing more than 10% to trade at $68.92, while market leaders Bitcoin and Ethereum saw modest declines. The move increased Litecoin's market capitalization to over $5.2 billion.
Bitcoin surged to its highest level in over seven months, triggering a broad rally in cryptocurrency-related stocks, following a key U.S. regulatory decision on tokenized securities.
A Bitwise survey of 15 large institutional investors reveals that none sold their Bitcoin holdings during a recent 50% market downturn, citing a long-term, store-of-value thesis.
Cryptocurrency exchange Bitget has integrated with Swiss digital asset bank Sygnum, allowing institutional clients to hold collateral off-exchange. The move brings the total trading volume on Sygnum's custody platform to over half of the global market, according to the bank.
The price of Bitcoin and other major cryptocurrencies fell as the U.S. 10-year Treasury yield surged above 5% to a 19-year high, dampening investor appetite for risk assets amid concerns over inflation and future rate hikes.
A senior executive at digital asset firm BitGo argues that the primary obstacle to institutional adoption of tokenized securities is not the custody of the token, but the complex challenge of servicing the underlying asset, including corporate actions and legal claims.
Cryptocurrency exchange BTCC and CFD platform Markets.com have announced a promotional collaboration to cross-promote their services to investors at the upcoming TOKEN2049 conference in Singapore.
