By Kapil Rajyaguru
Tether May Develop U.S.-Only Stablecoin Under New Regulations.
Tether, issuer of the world’s largest stablecoin USDT, may offer a new token specifically for the U.S., according to a Financial Times report on Monday.
Paolo Ardoino said the company had been involved in discussions about the U.S. rules on stablecoins and that it may create a token just for the U.S, depending on how these discussions unfold, the FT reported, citing an interview with the Tether CEO.
Regulations being considered by President Donald Trump’s administration include plans to force foreign issuers trading crypto to comply with U.S. laws.
Hong Kong Regulator Releases Crypto Staking Rules for Licensed Exchanges.
Hong Kong’s Securities and Futures Commission has issued new guidance allowing licensed platforms to offer staking services.
The SFC mandates that platforms retain full control of client assets and disclose all risks associated with staking.
This move contrasts with Singapore’s ban on retail staking and the U.S. SEC’s restrictive stance.
Cathie Wood’s ARK Buys Over $13mn Worth Coinbase Shares During Market Rout.
Cathie Wood’s ARK Investment Management took advantage of the $5.4 trillion U.S. equities market sell-off and purchased over 83,000 shares of Coinbase (COIN), increasing exposure to the crypto exchange even as prices dipped sharply across the board.
The total shares purchased were worth more than $13 million, taking Friday’s closing price for Coinbase.
The timing is notable. Coinbase shares have slipped more than 12% during the market rout.
Conor McGregor’s Token Creators To Refund Bidders After Failed Launch.
Investors who bid on the REAL (REAL) token promoted by former UFC champion Conor McGregor will receive a full refund after the project failed to raise above its $1 million minimum requirement.
“We need to be real. We didn’t hit our minimum raise,” the developers of the Real (REAL) token, Real World Gaming, said in an April 6 X post, adding that “All bids will be refunded in full.”
The team only managed to raise $392,315 in USDC over a 28-hour presale on April 5 and 6 — less than half of the minimum required and approximately 11% of the $3.6 million target, which was conducted via a sealed-bid auction.
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