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crypto.news

Polkadot community votes on DOT backed native stablecoin dotUSD

Polkadot’s community has opened a governance vote on a native decentralized stablecoin called dotUSD, with a proposal to make the dollar-pegged asset the network’s primary stable-value instrument and eventually back it mainly with DOT. According to OpenGov Referendum 1944, the…

crypto.news

Tether freezes $39.3M USDT linked to Xinbi Guarantee

Tether has frozen roughly $39.3 million in USDT held across 10 Tron addresses linked to Xinbi Guarantee, a Chinese-language guarantee marketplace that blockchain investigators have tied to billions of dollars in crypto transactions. MistTrack, the onchain tracing platform developed by…

BeInCrypto

Hedge Funds Bet on a Stronger Yen: Will Bitcoin Feel It?

Hedge funds are stacking bets that the Japanese yen keeps climbing, with options positioning pointing to a dollar-yen rate below 150 by year-end and, in some longer-dated trades, as low as 140. That positioning reaches well past currency desks. Cheap…

crypto.news

ARK asks SEC to approve tokenized share class for $562M venture fund

ARK Investment Management has asked the U.S. Securities and Exchange Commission to approve a tokenized share class for its $562 million venture fund, allowing ownership records to be maintained using distributed ledger technology. According to an application filed with the…