Bitcoin Nears $119K, Ether Trades Above $3000
Sequans Communications Kicks Off Bitcoin Treasury with 370 BTC Purchase.
Sequans Communications, a leading cellular semiconductor maker, has announced its acquisition of 370 bitcoin as part of a newly launched bitcoin treasury strategy.
The purchase was funded by proceeds from its recent equity and convertible debenture offering that closed on July 7.
The company wants to implement its strategic plan to accumulate over 3,000 BTC in the coming weeks.
Sequans has chosen Coinbase as custodian, utilizing Coinbase Prime’s institutional-grade services.
Robinhood Ethereum & Solana Staking Goes Live For US Customers.
Robinhood has launched its Ethereum and Solana staking services in the US, allowing users to earn rewards by staking their digital assets. The feature, which was previously available to Robinhood’s European customers, now brings the ability to stake ETH and SOL directly through the platform for US users.
Robinhood users can begin staking with as little as $1, according to the announcement. The staking process involves users locking their tokens to validate transactions and contribute to network security. For Ethereum, Robinhood uses a batch-processing method to combine stakes and reach the required 32 ETH needed to become a validator.
US SEC Delays Grayscale Avalanche ETF Launch.
After a string of regulatory approvals, Grayscale has hit a roadblock in its application for an Avalanche ETF launch. The US Securities and Exchange Commission has delayed its decision for the spot ETF, calling for written comments as the AVAX price soars.
According to an SEC document, the Commission has opted to postpone its decision on a Grayscale application to launch an Avalanche ETF. Grayscale is seeking to list shares of its Avalanche Trust on the Nasdaq exchange, but the SEC says a longer review period is necessary.
Japanese Real Estate Firm GATES To Tokenize $75mn In Tokyo Property On Oasys Blockchain.
Japanese real estate investment firm GATES Inc. unveiled plans to tokenize $75 million of income-generating properties in central Tokyo using the Oasys blockchain to make it easier for foreigners to gain access to the country’s real estate market.
The company said Thursday it plans to expand quickly, aiming to eventually tokenize more than $200 billion in assets, or about 1% of Japan’s $20.5 trillion property market.
Tokenization of real world assets, including real estate, has gained traction globally as institutions explore ways to use blockchain technology for transactions and recording ownership.
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