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The Canadian dollar gained against the U.S. dollar on Wednesday, driven by a sharp rise in oil prices following increased geopolitical tensions between the United States and Iran. The surge also bolstered investor expectations for an interest rate hike by the Bank of Canada this year.
Solidion Technology, a Dallas-based battery materials company, will opportunistically acquire shares of SpaceX as a long-term strategic holding for its corporate treasury. The company cited a thematic alignment between its battery technology and SpaceX's aerospace and transportation programs.
A cryptocurrency tax accounting firm and a CPA firm assisted a client in an IRS audit, reducing a potential tax liability from approximately $1.55 million to a settlement of about $148,000 by reconstructing incomplete transaction records.
Streamex Corp. has announced that its yield-bearing, tokenized gold security, $GLDY, is now accessible to accredited investors through traditional brokerage accounts in a collaboration with Siebert Financial and tZERO.
Valle Capital Token has announced a new ecosystem on the BNB Smart Chain designed to connect blockchain technology with Brazilian agribusiness and commodity exports. The project aims to use real-world asset (RWA) tokenization to improve transparency and financing in the agricultural supply chain.
Crypto platform Utorg has received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation. The license comes as the July 1 deadline for compliance forces many unauthorized crypto service providers to cease operations in the European Economic Area.
Liquid Mercury has submitted its MERC crypto-asset white paper to the Central Bank of Ireland, which has been added to ESMA’s MiCA register. This move fulfills the disclosure requirements under the EU's Markets in Crypto-Assets Regulation, supporting the token's admission to trading on regulated venues across the European Union.
According to a JPMorgan analyst, MicroStrategy's recent shift from a strict buy-and-hold strategy to one allowing Bitcoin sales introduces significant uncertainty and risk for the wider cryptocurrency market. The business intelligence firm is a major holder of the digital asset.
Cryptocurrency exchange Bybit has launched its virtual Bybit Card in Peru, allowing users to make purchases with funds from their accounts. The card supports transactions in both Peruvian Soles and U.S. Dollars.
