Grupo Salinas taps Anchorage for stablecoins
Mexican business conglomerate Grupo Salinas partnered with Anchorage Digital to launch stablecoin-based cross-border payment services for crypto platform Coinpro.
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Mexican business conglomerate Grupo Salinas partnered with Anchorage Digital to launch stablecoin-based cross-border payment services for crypto platform Coinpro.
The US Commodity Futures Trading Commission issued no-action relief for fully collateralised event contracts, easing certain swap reporting and recordkeeping requirements for prediction market operators and clearing organisations.
A group of 20 FTX victims from five countries has filed a $525 million lawsuit against Fenwick & West, alleging the Silicon Valley firm helped facilitate and conceal fraud tied to the collapse of crypto exchange FTX.
Liquidators handling the collapse of Mirror Trading International said they have received 9,441 claims worth nearly $395 million against an estate now valued at approximately $35.8 million.
Gemini reported a 42% year-over-year increase in first-quarter revenue to $50.3 million as the company accelerated its shift from a crypto exchange into a broader financial services platform.
Crypto data company Dune has cut 25% of its workforce as part of a restructuring designed to sharpen focus on its core blockchain data products and institutional services.
Back-to-back inflation reports out of the US along with heightened energy prices and mounting political uncertainty have seen investors flee global bond markets as benchmark interest rates to the highest levels in nearly a year. The Opening Trade spoke with leading market voices and economists for their analysis.
US President Donald Trump and his family disclosed multiple purchases of crypto-related equities including Coinbase, Strategy and MARA Holdings during the first quarter, according to a filing with the Office of Government Ethics.
South Korean internet giant Kakao will sell a 6.55% stake in crypto exchange operator Dunamu to Hana Bank in a deal valued at 1 trillion won ($670 million).
Ranjan Mahtani, Founder and Chairman of apparel maker Epic Group, discusses how his company has been navigating global challenges, from Covid to Trump's 'Liberation Day' tariffs and the war in the Middle East. The group recently opened a net-zero manufacturing facility in India.
Shirley Syaru Lin, founder and chair of the Center for Asia-Pacific Resilience and Innovation, says it would be a mistake for the US to treat Taiwan as a bargaining chip because of its strategic and economic importance. Speaking to Bloomberg's The China Show, she also warns that Washington's unpredictability on Taiwan policy risks creating more uncertainty.
Albert S. Hu, Executive Director & CEO of intelligent driving technology firm CiDi, discusses China's technological strengths and how companies like his benefit from partnerships between China and the rest of the world.
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