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Tether Launches New Dollar-Backed Stablecoin

Anietie David -
Tether has announced the launch of a new dollar-backed stablecoin, USA₮, alongside the appointment of former White House crypto adviser Bo Hines as CEO of Tether USAT.

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US House Pushes CBDC Ban Through Market Structure Bill

Anietie David -
The US House of Representatives is exploring a faster way to block the Federal Reserve from creating a central bank digital currency (CBDC). Lawmakers may attach the Anti-CBDC Surveillance State Act to the Digital Asset Market Clarity Act, a bill the House passed in July.
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ARK Invest Buys More Bullish Shares Despite Stock’s Steep Decline

Anietie David -
Cathie Wood’s ARK Invest has expanded its position in crypto exchange Bullish, purchasing more than 160,000 shares in its latest move into digital asset-linked stocks.
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Bitcoin Hits Four-Week High Ahead of Fed Rate Cut Decision

Anietie David -
Bitcoin surged to a four-week high above $117,000 on Wednesday as markets prepared for the Federal Reserve’s policy decision on interest rates. Traders are bracing for potential swings in price before and after the announcement.
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Robinhood Plans Fund to Open Venture Capital to Retail Investors

Anietie David -
Robinhood is planning to launch a new fund that would let everyday investors take part in venture capital opportunities, a space usually reserved for wealthy individuals and institutions.
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SEC and Gemini Reach Resolution in Principle in Securities Case

Anietie David -
The US Securities and Exchange Commission (SEC) and Gemini Trust Company have told a federal court they have reached a “resolution in principle” to settle a securities case linked to a 2023 complaint.

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