Perhaps the most overlooked phenomenon in the public eye is arbitrage trading. Emerging market peer-to-peer exchange mechanisms allow users to exchange USDT for more local currencies, creating demand for remittances and arbitrage traders.

According to Foresight News, Derlin Holdings (stock code 01709) has announced the signing of a placement and subscription agreement on August 7 with DA Wolf, Mr. Chen, and a placement agent. Additionally, Derlin Holdings has entered into a special authorization subscription agreement with DA Wolf Investment I Limited. The total expected proceeds amount to approximately HKD 653.3 million. The funds will be allocated across several strategic areas: around 30% will be used for strategic acquisitions and/or investments to expand the RWA tokenization plan; approximately 15% will be directed towards developing Bitcoin mining operations and establishing Bitcoin reserves; about 7% will be invested in establishing a licensed virtual asset over-the-counter trading and retail network in Hong Kong, along with applying for and upgrading relevant compliance licenses. Furthermore, around 8% of the funds will be used to develop the group's digital asset, cryptocurrency, and stablecoin business; approximately 10% will be invested in the ONE Carmel premium residential project in the United States. Additionally, about 10% each will be allocated for upgrading IT facilities and systems, creating exchange-traded funds and developing quantitative investments, and supplementing the group's operational capital and daily operational support.

KakaoBank is reportedly looking at services for the issuance and custody of stablecoins with plans to “actively participate” in the crypto market. source: https://cointelegraph.com/news/kakao-bank-stablecoin-plans-south-korea-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin (BTC) is trading in a low-liquidity “air gap” between $110K and $116K, according to Glassnode. The market is “re-finding its footing” after a post-all-time-high correction amidst low volume and weak conviction. Spot Bitcoin ETF flows recently turned negative, with a 1,500 BTC outflow marking the largest since April source: https://coinjournal.net/news/btc-hovers-at-115k-etf-flows-turn-negative-short-term-holder-profitability-drops/

Ethereum is capturing market attention once again, with analysts widely forecasting a major breakout that could send ETH soaring to the $5,000 level and beyond.

According to BlockBeats, a recent report by the Federal Reserve examines the potential of using valuation gains from gold reserves to fund a strategic Bitcoin reserve for the United States. This exploration highlights the growing interest in integrating digital assets into national financial strategies.

Bakkt is acquiring nearly 30% of a Japanese textile company to transform it into a bitcoin-focused business called bitcoin.jp. The company aims to integrate digital assets into its operations and corporate treasury.

According to the Financial Times, the plan is part of a broader ambition to reduce reliance on the U. S. source: https://coindoo.com/china-prepares-to-launch-first-stablecoins-in-bid-to-challenge-the-dollar/

After recovering from its local lows, Cardano (ADA) is retesting a key area that could send the price to the next crucial resistance. Some analysts suggest that the cryptocurrency is preparing for a massive rally. Related Reading: Solana To Drop Before The ‘Real Move’? Analyst Forecasts New Highs In Q3 Cardano Retests Key Resistance Following last week’s drop to the $0. 70 support, Cardano is attempting to break out of a crucial resistance level to continue its rally source: https://www.newsbtc.com/news/cardano-ada-targets-0-80-is-an-85-jump-ahead/

Crypto-based salaries surged from 3% to 9. 6% in a year, with USDC leading the shift toward stablecoin payrolls, Pantera Capital's survey shows. source: https://cryptonews.com/news/usdc-leads-3x-rise-crypto-based-salary-payments-pantera-survey/

According to Foresight News, U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has expressed concerns over the recent liquidity staking statement, stating that it fails to clarify the application of federal securities laws to crypto assets and instead adds to the confusion. Crenshaw argues that the statement is based on assumptions that have not been validated by industry realities, and the legal conclusions drawn are only applicable if these assumptions hold true. Previously, Foresight News reported that the SEC released a statement regarding liquidity staking activities, clarifying that such activities are not considered securities. The SEC indicated that participants in liquidity staking do not need to register their transactions with the Commission under the Securities Act, nor do they need to comply with the registration exemption provisions of the Act for these activities.

According to PANews, Jupiter has announced the launch of the Jupiter Plugin, an open-source, lightweight, and plug-and-play version of its platform. This new plugin allows users to seamlessly integrate end-to-end swap functionality into their applications with minimal effort, requiring only a few lines of code for deployment. The Jupiter Plugin offers several key features, including seamless integration that embeds Jupiter's swap functionality directly into applications without the need for redirection. Users can choose from multiple display options, such as integration, widget, or modal display modes. Additionally, the plugin provides customizable options, enabling users to configure the swap form to meet specific application requirements. Notably, the integration does not require any RPC, as Ultra handles transaction sending, wallet balance, and token information. The plugin also grants access to all features of the Ultra mode, enhancing the user experience with advanced functionalities.

Apple pledged an extra $100 billion to U. S. manufacturing as Trump threatens tariffs on foreign-made chips. source: https://decrypt.co/333898/apple-ai-pours-additional-100b-into-us

Three Federal Reserve officials expressed fresh concerns about the latest signs of weakness in the U.S. labor market, significantly boosting market expectations for an interest rate cut as early as September.

The conflict between the US government and Wall Street is acute. If the US does indeed fall into recession due to interest rate cuts, don't be surprised. That simply proves that the claims of "interest rate cuts stimulating the economy" and "interest rate cuts stimulating inflation" are Wall Street lies.

Golden Finance has launched the 2778th issue of "Golden Morning 8", a morning newspaper for the cryptocurrency and blockchain industry, to provide you with the latest and fastest digital currency and blockchain industry news.

Blockchain, a virtual replica of the real-world "power fragmentation," may be providing a subtle but firm escape route for those trapped under the powerful.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

Cryptocurrency, investment, 5-year DCA vs. All-in: Which is stronger in cryptocurrency investing? Golden Finance, investing has bid farewell to the days of handwritten stock slips and blurry ticker tape.

Ethena has quickly emerged as one of the most innovative players in the stablecoin and synthetic dollar space.