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The meme coin market bucks the crypto downtrend with a 3.2% rise, led by gains in DOGE and BONK

Recent data suggests that the meme coin sector recorded a 3.2% increase in the last 24 hours despite an overall decline in the crypto economy. In particular, Dogecoin and Bonk recorded increases of 1.2% and 9%, respectively. Additionally, several meme tokens posted double-digit gains on Sunday. Meme tokens defy the crypto crisis The meme coin…

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Bitfinex Securities Reports $5.2 Million USDT Tokenized Bond Issuance

Bitfinex Securities Ltd., a platform known for trading security tokens, announced that the first issuance of tokenized securities raised $5.2 million in USDT. First issuance of tokenized bonds A Luxembourg-based securitization fund called ALTERNATIVE guaranteed the financing. The Liquid Network sidechain issued the security ALT2612, which offers a 10% annual return for 36 months and…

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Circle invests in Sei Blockchain Layer-One to expand use cases for USDC

Stablecoin issuer Circle is investing in a new Layer 1 blockchain to expand use cases for USDC, its dollar-pegged digital asset. In a new company blog post, the Sei Network (SEI), which claims to be the world’s fastest blockchain, claims that Circle’s venture capital arm is investing in it to expand the utility of USDC….

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45x Crypto – 45xcrypto.net

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Australian CBDC can be useful for payments and tokenization

The RBA has completed its CBDC pilot program and outlined four key areas that could be improved with the introduction of central bank-issued digital currency. Australia’s central bank has completed its pilot project for a central bank digital currency (CBDC) exploring use cases for a potential e-AUD and finding it useful in four key areas,…

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Custodia Bank Goes Live: Merging Digital Assets with US Dollar Payments

Banco Custodia is now available, a financial institution that aims to link digital assets to the payment system in US dollars. Last month, Custody began serving external business clients in select US states, offering US dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures…

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Tether, Issuer of USDT, Reports 30% Drop in Profits

USDT stablecoin issuer Tether released its Q2 2023 certification report on July 31, and according to the report, Tether posted an “operating profit” of $1 billion in the second quarter, down of approximately 30 times.% of first-quarter earnings of $1.48 billion. While its $1 billion “operating income” is down from Q1, there is a 30%…

USDC Market Cap Falls as Redemptions Rise to $1.4 Billion

As one of the largest stablecoins, USDC is one of the major players in the cryptocurrency industry. However, stablecoins have seen better days as the stablecoin has seen its market capitalization drop dramatically in recent months. The second largest stablecoin has seen its market capitalization drop by more than $1.4 billion in recent days, thanks…