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The “memecoin bubble has burst” due to a few critical factors, such as economic uncertainty over the Trump administration and the mix of economic and foreign policies in the US, Zeta Markets co-founder Anmol Singh told Cointelegraph.
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These macroeconomic concerns were the main reason for Bitcoin losing the $80,000 support, according to Ryan Lee, chief analyst at Bitget Research.
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As part of the partnership, the stablecoin payments are set to be offered in two Metro store locations in Singapore, including Metro Paragon and Metro Woodlands.
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In February, the company launched an investment fund for the Pyth Network’s native token. In January, it launched a non-listed investment fund for Dogecoin, the most popular memecoin by market capitalization.
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Grayscale operates dozens of single-asset crypto funds that are not traded on public exchanges.
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https://warpcast.com/bonnies6ja/0x0f9959cf
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Nigeria has been a leader in crypto adoption. According to Consensys’ 2024 Perception Survey, 84% of respondents in Nigeria said they owned a crypto wallet. In its Geography of Cryptocurrency Report published in October 2024, Chainalysis ranked the country No. 2 overall in global crypto adoption, highlighting the country’s appetite for decentralized finance.
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The SEC’s interest in crypto extends to marketing as well. In December 2024, the SEC updated its crypto marketing rules to “curb the menace” of social media influencers promoting unregulated crypto products. Now, virtual asset service providers must have prior approval before engaging with third-party service providers to promote their crypto products.
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According to the DARI report, BTC mining offers a cleaner and more cost-effective solution where miners operate continuously and generate revenue while remaining able to reduce energy consumption when needed during peak demand.
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Gas peaker plants have been criticized for inefficiencies and their contribution to greenhouse gases while sitting idle for most of the year, releasing hundreds of thousands of tons of carbon dioxide (CO2) into the atmosphere annually.
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Hamada said: “I think Japan should follow the example of the United States and consider turning some of its foreign exchange reserves into crypto assets such as Bitcoin.”
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The response came after a question from Satoshi Hamada, a member of the House of Councilors from the Party to Protect the People from NHK, on Japan’s “movement of introducing Bitcoin reserves that the United States and other countries are proceeding with.”
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Japan’s prime minister said his government lacks enough information about the United States and other countries’ plans for a Bitcoin strategic reserve to determine whether Japan should implement one.
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While issuers like Tether discontinued its Euro-backed stablecoin, compliant issuers have thrived. By November, MiCA-compliant stablecoins captured most of the market, with Circle, Societe Generale and Banking Circle’s stablecoins holding a 91% market share by late 2024.
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On Dec. 18, research firm Kaiko and Netherlands-based crypto exchange Bitvavo reported that the introduction of MiCA significantly shifted the stablecoin landscape in the region.
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If the bill is enacted, Hong Kong may witness a shift in stablecoin use similar to that in Europe when the Markets in Crypto-Assets (MiCA) regulations came into force.
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The bill provides protections for consumers that affect the various market participants, including issuers and distributors.
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The regulator would evaluate the issuer and its controllers, resources, stablecoins, reserve assets and the mechanism stabilizing its value. Only regulated entities and platforms will be allowed to offer stablecoins in Hong Kong or to market them to the public.
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If the bill is signed into law, issuers of stablecoins in Hong Kong must obtain a license from the Hong Kong Monetary Authority (HKMA), the region’s central bank. Issuers must comply with the comprehensive requirements to obtain a license.
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According to law firm King & Wood Mallesons, the Stablecoins Bill has three key components. They include stablecoin issuer licensing and requirements, a specified stablecoin offering, and marketing restrictions with broader consumer protections.
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