Stay updated on the latest cryptocurrency news with CoinChapter.com, now available on Google News. Today’s top stories include Futu Securities launching crypto trading for its 22 million customers in Hong Kong, making it the first online brokerage to offer direct access to Bitcoin and Ether. This move is expected to bring new capital to the world’s two largest cryptocurrencies, following the recent debut of spot Ether ETFs in the U.S.
Ripple is also making headlines with a $10 million investment in tokenized U.S. Treasury bills on the XRP Ledger, in line with the trend of asset tokenization. This investment aims to improve traditional asset management and distribution on the blockchain, utilizing the XRP Ledger for global financial transfers and currency exchanges.
In the U.S., spot Bitcoin ETFs saw minimal net inflows, while spot Ethereum ETFs experienced significant outflows. BlackRock’s IBIT and Grayscale’s Bitcoin Mini Trust were among the few Bitcoin ETFs with positive flows, while Grayscale’s ETHE continued to see outflows for Ethereum ETFs.
Telegram has introduced an in-app browser and mini-app store in its latest update, allowing users to access decentralized websites on TON and seamlessly switch between websites and messaging. The update also includes a new payment system called Stars for sending units to friends.
Tether Holdings LTD reported a profit of $5.2 billion in the first half of 2024, with reserves reaching an all-time high of $97.6 billion in U.S. Treasuries. Tether maintains $5 billion in excess reserves for USDT stability and has seen a significant increase in consolidated net equity, ranking third globally in purchases of three-month U.S. Treasuries.
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