Global #Digital assets

The crypto market has witnessed a significant shift as traditional hedge funds increasingly embrace digital assets. A recent report by the Alternative Investment Management Association (AIMA) and PwC reveals that nearly half of hedge funds in traditional markets are now involved in cryptocurrencies.

In a bid to keep pace with global trends and cater to rising institutional interest, the Thai Securities and Exchange Commission (SEC) has proposed new regulations allowing mutual and private funds to invest in digital assets.

The Commodity Futures Trading Commission (CFTC) is considering a significant development in the realm of digital assets, potentially allowing their use as collateral for trading commodities and derivatives.

On October 3, 2024, Visa announced the launch of its Visa Tokenized Asset Platform (VTAP), a groundbreaking service designed to facilitate the issuance and management of fiat-backed tokens.

Pi Network, the innovative cryptocurrency project, has taken a significant stride towards mainstream adoption with its strategic partnership with YESBANK and AnqFinance for the launch of the Pi Credit Card.

Argentina's Vice President, Victoria Villarruel, recently met with El Salvador's President, Nayib Bukele, during his visit to Buenos Aires, where the focus was largely on Bitcoin (BTC) and its implications for both nations.

The recent geopolitical upheaval in the Middle East has led to a notable pullback in cryptocurrency markets, challenging the long-held belief that digital assets serve as a safe haven during times of crisis.

Tokenization platforms are reshaping the landscape of art ownership, enabling the creation of unique digital assets and expanding opportunities for both artists and collectors. These innovative platforms allow creators to tokenize their artwork and collectibles, making them verifiable and tradable on blockchain networks.

South Korea's Financial Services Commission (FSC) has approved the establishment of the Digital Asset Protection Foundation, a nonprofit organization aimed at safeguarding crypto assets and blockchain belongings.

Crypto miners have increasingly emerged as pivotal players in the cryptocurrency landscape, wielding significant influence over market trends.

DBS Bank is making headlines as the first Asian bank to offer over-the-counter (OTC) cryptocurrency options and structured notes, significantly impacting the financial landscape.

The House Financial Services Committee, under GOP leadership, is set to hold a crucial hearing titled “Dazed and Confused: Breaking Down the SEC’s Politicized Approach to Digital Assets” on September 18 at 10 a.m. EST.