Coins.ph Introduces Olympic Medalist Nesthy Petecio as New Brand Endorser
Coins.ph has named two-time Olympic boxing medalist Nesthy Petecio as its latest endorser, highlighting her resilience and excellence as qualities that align with the company's mission. CEO Wei Zhou emphasized the importance of Petecio's role in representing the brand's dedication to providing secure and innovative financial services. This partnership also reflects a broader trend of fintech companies collaborating with high-profile athletes to enhance brand credibility and visibility. With Petecio as its new face, Coins.ph aims to boost the adoption of its crypto services and expand its international reach. (BitPinas)
Tether Announces Plans to Launch UAE Dirham-Pegged Stablecoin
Tether is set to launch a new stablecoin pegged to the United Arab Emirates dirham in partnership with Phoenix Group and Green Acorn Investments. The stablecoin aims to offer users a cost-effective and transparent way to access the dirham while providing a hedge against currency fluctuations. This initiative aligns with the UAE Central Bank's Payment Token Services Regulation, positioning Tether’s dirham-pegged token as a valuable tool for businesses and individuals in the UAE. Tether continues to expand its stablecoin offerings, remaining the largest issuer by market capitalization. (The Block)
Tron (TRX) Sees 200% Surge in Trading Volume, Enters Top 10 Cryptocurrencies
Tron (TRX) has made headlines this week with its trading volume skyrocketing by 200%, boosting its position into the Top 10 cryptocurrencies by market capitalization. The token, created by Justin Sun, has experienced a significant rise, with its volume reaching $1.17 billion, largely driven by increased activity on major exchanges like Binance. TRX has also seen a 19% increase over the past month, approaching its all-time high of $0.23. This surge in interest and volume highlights growing bullish sentiment and positions Tron for potential further gains. (Watcher Guru)
Brazil Approves Second Solana ETF, Expanding Crypto Investment Options
The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana (SOL) exchange-traded fund (ETF), set to be launched by Hashdex in collaboration with investment bank BTG Pactual. Hashdex, a prominent asset manager with over $962 million in assets under management, is known for its experience in the ETF market, having previously launched products like the Nasdaq Crypto Index and Bitcoin and Ethereum-based ETFs. This approval follows the recent launch of the first Solana ETF in Brazil by QR Asset, marking a significant expansion in the country’s crypto investment landscape. (CoinDesk)
Metaplanet Increases Bitcoin Holdings with $3.4 Million Purchase, Boosting Stock Price
Japanese investment firm Metaplanet has acquired an additional ¥500 million ($3.4 million) in Bitcoin, bringing its total holdings to ¥3.45 billion ($21.9 million). This purchase of 57.273 BTC at an average price of ¥8,730,117 ($59,600) per Bitcoin completes the firm’s plan to invest ¥1 billion using a loan. Following the announcement, Metaplanet's stock price surged by over 10%, reflecting investor confidence in the firm's strategy to adopt Bitcoin as its core treasury reserve asset, mirroring the approach of U.S. firm MicroStrategy. (Decrypt)
El Salvador to Train 80,000 Public Servants on Bitcoin
El Salvador is launching a Bitcoin training program for 80,000 public servants as part of its broader strategy to integrate Bitcoin into its economy. This initiative includes a new Bitcoin Module at ESIAP and a ten-week curriculum in schools, building on the existing ‘My First Bitcoin’ project. The country is also investing $1.6 billion in seaport modernization to support its Bitcoin City project, funded through government-issued Bitcoin bonds. These efforts, alongside daily Bitcoin purchases by the Bukele administration, reflect El Salvador's commitment to becoming a global leader in digital finance. (Be in Crypto)
Ragnarok: Monster World Beta Launches on Ethereum Ronin—How to Play"
The beta for Ragnarok: Monster World, a mobile tower defense game, is now live for one week on Ethereum’s Ronin network. Players on iOS and Android can join, with rewards for daily events and bug reports. The game, a blockchain debut for the Ragnarok Online franchise, features NFT functionality and will reset accounts after the beta. To participate, Android users can download the app directly, while Apple users need to use TestFlight. (Decrypt)
