Global #Digital Asset

After Venmo announced an increase in transaction fees, Dan Romero, co-founder of Farcaster, proposed the idea of a stablecoin payments app for US-based freelancers, citing dissatisfaction within the community.

Tether, the largest issuer of stablecoins globally, has generated an extra 1 billion USDT tokens on the Ethereum blockchain, sparking discussions about a possible surge in the market. This development aligns with the crypto community's keen anticipation of the U.S. Securities and Exchange Commission's (SEC) impending decision regarding a spot Ethereum exchange-traded fund (ETF), slated for later this week.

The US cryptocurrency sector is on edge as an important vote looms in Washington next week, amidst Bitcoin's soaring value and increasing attention from Wall Street. The Financial Innovation and Technology for the 21st Century Act, known as Fit21, stands poised to potentially reshape the regulatory framework for digital assets.

Mastercard's recent announcement of its blockchain and digital asset program includes the selection of five innovative startups, marking a significant stride toward incorporating blockchain technology into the financial sector.

The institutional interest in Bitcoin (BTC) has reached unprecedented levels, as indicated by the latest 13F filings submitted by major financial institutions to the United States Securities and Exchange Commission (SEC).

Keith Ammon, New Hampshire State Representative for New Boston, Mont Vernon, Lyndeborough, and Vice Chair of Commerce and Consumer Affairs, initiated a conversation regarding the possibility of diversifying the state's financial reserves into Bitcoin ETFs.