Crypto Adoption in the Philippines Set to Snowball, Says Blockchain Council Executive
A Blockchain Council executive in the Philippines predicts significant growth in crypto adoption, comparing it to a snowball effect. Factors such as increasing education, institutional interest, and supportive regulations are driving this expansion, signaling a promising future for the country's crypto ecosystem. (Cointelegraph)
XRP Trading Volume Overtakes Bitcoin Following SEC Case Verdict
XRP's trading volume has surpassed Bitcoin's following a recent SEC ruling that classified XRP as not a security. This surge indicates heightened interest and liquidity in the XRP market, suggesting a potential shift in investor preferences and recognition of XRP's role in the crypto space. (BeInCrypto)
Inflows into Crypto Products Surge, Reach Highest Levels Since 2021
Recent data reveals that inflows into cryptocurrency products have hit their highest levels since 2021. This increase highlights renewed investor interest and confidence in the crypto market, suggesting a bullish sentiment and positive outlook for digital assets. (Blockworks)
G20 Body Outlines Recommendations for Regulating Crypto Assets and Stablecoins
A G20 body has issued recommendations for regulating crypto assets and stablecoins, focusing on investor protection, AML/CFT measures, and market integrity. These guidelines aim to help member countries create effective regulations for the rapidly growing cryptocurrency landscape. (The Block)
South Korea Conducts Stablecoin Remittances Test
Shinhan Bank, South Korea's oldest bank, has successfully tested stablecoin remittances by issuing and transferring digital won tokens to a partner country. This development showcases blockchain's potential for efficient cross-border transactions and signals South Korea's commitment to enhancing its remittance infrastructure. (BeInCrypto)
Institutions Eye Tokenization of Real-World Assets for Crypto's Future
Institutions are increasingly interested in the tokenization of real-world assets, believing it could shape the future of cryptocurrencies. By digitizing assets like real estate and art, they aim to enhance liquidity and accessibility, bridging traditional finance and the digital asset landscape. (Coindesk)
Travel Industry Expected to Propel Web3 Mass Adoption
Insights suggest the travel industry will drive mass adoption of Web3 through blockchain, NFTs, and decentralized platforms. By leveraging these technologies, travel companies can enhance customer experiences, facilitate transparent transactions, and offer greater ownership opportunities, transforming travel planning and engagement. (Cointelegraph)
