DECEMBER 2024 NEWSLETTER
Tokenized Assets & Digitized Securities Insights |
Greetings From Coinstreet's CEO |
Here's to an exciting and adventurous New Year! A new year is not just a time for reflection - it's a moment to spark the flame to start off a daring new year filled with endless possibilities, bold dreams and exciting challenges! Read more |
Trump Appoints Former College Football Player Bo Hines as Executive Director of New Crypto Council |
Donald Trump has appointed Bo Hines, a former college football player and Republican congressional candidate, as the Executive Director of the Presidential Council of Advisers. Read more |
Hong Kong Stablecoins Bill Advances to the Legislative Council |
The bill includes licensing requirements for stablecoin issuers, offering and marketing restrictions and broader consumer protections. Read more |
BREAKING: USDT Will Be Illegal in Europe in the Next 3 Days! |
A major upheaval is brewing in Europe’s cryptocurrency market as Tether (USDT), the world’s largest stablecoin, faces the threat of becoming illegal under the upcoming enforcement of the Markets in Crypto-Assets (MiCA) regulation. Read more |
U.S. Treasury Names Bitcoin ‘Digital Gold’ After Price Explosion |
Bitcoin has seen its price climb back over $100,000 this week after bouncing wildly around the closely-watched level, with the chief executive of Wall Street’s biggest market maker admitting he’s got “FOMO.” Read more |
TOKENIZED ASSETS & DIGITIZED SECURITIES (TADS) |
Egyptian Banks Launch Apple Pay Tokenization |
The CBE’s approval of these regulations is part of a broader initiative to promote digital transformation within the Egyptian financial sector. Read more |
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GCLET, Ant Digital Technologies Complete Issuance of First PV Green Asset RWA in CN, Involving RMB200M+ |
GCLET(002015.SZ) and Ant Group’s Ant Digital Technologies recently completed the issuance of RWA (Real World Assets) based on photovoltaic physical... Read more |
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India’s Web3 Dominance Fueled by 1K Startups, Global Investments, Dev Talent |
India is on track to lead Web3 adoption by 2027, driven by startups, developers and government-backed blockchain initiatives. Read more |
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Smart Contracts Get Smarter: How AI Agents Are Changing the Blockchain Space |
Recent shifts in AI-driven blockchain projects focus on creating “agents”— AI-powered bots capable of performing autonomous tasks like trading, investment management and user interaction. Read more |
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Memecoins Take Top Spot For Crypto Investor Interest in 2024: CoinGecko |
Memecoin interest in 2024 was largely directed toward Solana-based tokens, followed by those on Coinbase’s blockchain Base, according to a CoinGecko study. Read more |
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Over 30% of South Koreans Invest in Crypto Assets |
South Korea’s crypto user base surged to 15.6 million in November, surpassing 30% of the population. Read more |
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Tether Makes First Crypto VC Fund Investment Into Arcanum Capital |
Stablecoin issuer Tether made its first crypto venture capital fund investment into Arcanum Capital’s Arcanum Emerging Technologies Fund II — a tokenized investment vehicle specializing in decentralized Web3 projects — for $2 million. Read more |
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Trump-linked Strive Files for ‘Bitcoin Bond’ ETF |
Strive, an asset manager founded by Vivek Ramaswamy, asked United States regulators for permission to list an exchange-traded fund (ETF) investing in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers, according to a Dec. 26 filing. Read more |
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Ethereum NFT Collections Drive Weekly Volume to $304M |
Ethereum-based non-fungible token (NFT) collections surged last week, driving the overall digital collectible weekly sales volumes to $304 million. Read more |
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Elon Musk’s xAI Lands $6B in New Cash to Fuel AI Ambitions |
The company announced this week that Andreessen Horowitz, Blackrock, Fidelity, Lightspeed, MGX, Morgan Stanley, OIA, QIA, Sequoia Capital, Valor Equity Partners, Vy Capital, Nvidia, AMD, and others participated. Read more |
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Roundtable Panel 1: RWA: A Bridge to the Metaverse at the Forth Bay Area Metaverse Conference on 16 December 2024 |
Thank you to everyone who joined us at the Roundtable Panel 1: RWA: A Bridge to the Metaverse (圆桌论坛（一）：RWA：与元宇宙的桥梁) at the Forth Bay Area Metaverse Conference on 16 December 2024. Read more |
Web3 Connect: Future of Asset Standards: Tokenization Framework at Cyberport on 28 November 2024 |
The enlightening seminar “Web3 Connect: Future of Asset Standards: Tokenization Framework” has been successfully organised by Cyberport Hong Kong at Web3 Living Lab at Cyberport on 28 November 2024. Read more |
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