By Shikha Singh
Mercado Bitcoin Launches MBRL Stablecoin on TRON Blockchain.
Mercado Bitcoin (MB), the largest digital asset platform in Latin America, has launched the MBRL stablecoin on the TRON blockchain.
This stablecoin combines the stability of Brazil’s currency with the flexibility of blockchain technology. Powered by TRON’s rapid and scalable network, MBRL ensures smooth transactions and 24/7 liquidity, even on weekends and holidays.
Blockchain wallets, DeFi platforms, and dApps can easily integrate it as a secure store of value.
This launch underscores MB’s commitment to innovation, providing users with a reliable and versatile payment solution through tokenization.
Crypto Exchange Gemini Starts Up in France With EU’s MiCA Laws Weeks From Kicking In.
Just before the European Union’s Markets in Crypto Assets (MiCA) regulations go into effect, Cameron and Tyler Winklevoss founded Gemini, a crypto exchange.
This allows French users, including institutions, to open accounts for trading, storing, and depositing digital assets using debit cards and bank transfers.
The move sets the stage for further expansion across the EU after MiCA is fully implemented at the end of the year, enabling companies with MiCA approval in one EU country to operate across the entire bloc.
Gemini’s affiliate, Gemini Intergalactic Europe, has already secured digital asset service provider registration in France and with Ireland’s central bank.
DYdX Launches Permissionless Listings With Unlimited Upgrade.
DYdX, a leading decentralized derivatives exchange, has launched its Unlimited upgrade on Nov. 19, introducing permissionless market listings and a new liquidity pool, MegaVault, which automatically provides liquidity for new pairings.
This allows users to instantly deploy new markets and trade with leverage on any asset. The upgrade also includes fresh DYDX token rewards for traders and liquidity providers, as well as an affiliate program offering USDC commissions for referrals.
The platform’s biggest update since launching DeFi perpetuals in 2020 is the Unlimited upgrade, which aims to eliminate centralized listing processes.
However, despite the upgrade, dYdX’s market share has declined, falling to fourth place by weekly volume, behind rivals like Hyperliquid, Jupiter, and SynFutures.
Cosmos Health Adds Bitcoin & Ethereum to Treasury Reserves.
Cosmos Health, a pharmaceutical company, has announced plans to add Bitcoin and Ethereum to its treasury reserves as part of its strategy to diversify its balance sheet and hedge against inflation.
The company’s stock rose by over 11% following the announcement. CEO Greg Siokas emphasized that this move aligns with the company’s forward-looking approach, which also includes AI investments.
Cosmos hinted at growing its cryptocurrency holdings in the future, despite not disclosing the precise amount of Bitcoin and Ethereum it plans to acquire.
This decision follows similar moves by companies like Genius Group, which announced plans to hold 90% of its reserves in Bitcoin, and MicroStrategy, which has accumulated over 331,000 BTC.
Solana Open Interest Nears $5 bn.
Solana’s price rally has brought it close to setting an all-time high, generating optimism among traders and investors.
The asset’s Futures Open Interest (OI) has surged to a record $4.7 billion, reflecting growing confidence in Solana’s potential.
However, despite this increasing market participation, Solana is facing resistance at critical price levels, raising questions about whether the rally can continue or lead to a correction.
Cathie Wood’s Ark Bullish On $500 tn Tokenization Market As Tether Enters Race.
Ark Invest is bullish on the future of real-world asset (RWA) tokenization, highlighting Tether’s launch of Hadron, a platform to tokenize assets like commodities, equity, and bonds.
Ark sees this as a sign of growing interest in tokenization, which remains a small part of the $500 trillion market.
Tokenizing RWAs makes assets more liquid and transparent. This follows similar moves by BlackRock, which launched a tokenized U.S. Treasury product.
The real estate tokenization market is expected to grow significantly, from $3.8 billion in 2024 to $26 billion by 2034.
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