The Bank of Korea has successfully completed live cross-border payment tests using tokenized central bank reserves under the Bank for International Settlements-led Project Agora, processing transactions across six currencies and multiple payment scenarios. According to the Bank of Korea, the central bank participated in the latest round of Project Agora real transaction testing alongside 27
The basic multiple-to-Net Asset Value (mNAV) that investors are willing to pay for Michael Saylor’s Strategy has declined by two-thirds over the past two years from 2x to 0.68x. Exactly 24 months ago, Strategy common stock was worth exactly twice the value of its $BTC. For every $1 of $BTC the company owned, MSTR traded
The U.S. Federal Reserve kept the interest rate unchanged at 3.50%-3.75% for the fifth time on Wednesday, triggering mixed signals across traditional and crypto markets. In the split vote, nine of the Federal Open Market Committee (FOMC) members approved the rate pause. Three members dissented and called for a 0.25% rate hike. According to the
One in four Canadians now holds digital assets or crypto investment funds, according to a newly released survey by the Ontario Securities Commission (OSC). The level of adoption has increased substantially over the past two years. According to Coinbase Canada Country Director Eric Richmond, the report confirms that digital assets have entered the financial mainstream.
Despite the US Federal Reserve keeping interest rates unchanged, its continued “hawkish” stance on monetary policy could continue to put pressure on cryptocurrency markets. Expert analyses suggest that the messages conveyed by the Fed after its July 29th interest rate decision could limit the short-term performance of risky assets, particularly Bitcoin. At its latest meeting,
Spot cryptocurrency exchange-traded funds (ETFs) traded in the US showed a different picture in terms of investor activity. According to SoSoValue data, spot Bitcoin ETFs recorded a total net inflow of $32.11 million, while spot Ethereum ETFs experienced a net outflow of $18.65 million. The data revealed that institutional investor interest continued in Bitcoin, while
Japanese game developer Gumi said it will begin operating a 3 billion yen (about $18.3 million) crypto asset fund on Saturday with SBI Financial Services and backing from Daiwa Securities Group and other investors. The fund is operated by SBI Crypto Fund, a joint venture owned 51% by SBI Financial Services and 49% by Gumi