Bitpush editor's daily selected Web3 news:
【TRON. Inc Submits Hybrid Shelf Registration to SEC, Raising Up to $1 Billion】
According to Reuters, TRON. Inc has submitted a hybrid shelf registration to the SEC with a potential fundraising of up to $1 billion.
【PayPal Allows US Merchants to Accept Over 100 Cryptocurrencies】
According to Fortune, PayPal allows US merchants to accept over 100 cryptocurrencies.
【Bridgewater Founder Ray Dalio: Investors Should Allocate 15% of Assets to Gold and Bitcoin】
According to Decrypt, Bridgewater founder Ray Dalio suggested on The Master Investor Podcast that investors should allocate at least 15% of their portfolio to gold and Bitcoin to hedge against increasing risks in bond and stock markets.
He noted that the macroeconomic risks from rising US government debt have not been fully priced by the market and could trigger significant declines. Dalio stated that he personally "strongly prefers" gold over Bitcoin and is skeptical about Bitcoin becoming a central bank reserve currency. He believes Bitcoin lacks privacy in transactions and may face protocol security risks.
【US Treasury Significantly Raises Third Quarter Borrowing Estimate to $1.007 Trillion】
The US Treasury announced that due to low initial quarterly cash levels, the third quarter borrowing estimate is $453 billion higher than the April forecast, adjusting the July to September borrowing expectation to $1.007 trillion. Net borrowing from October to December is estimated at $590 billion.
【Market Sources: White House Digital Assets Report to be Publicly Released This Wednesday】
According to @DeItaone citing market sources, the White House digital assets report will be publicly released this Wednesday.
【SEC Delays Decision on Truth Social's BTC Spot ETF】
According to market sources, the US Securities and Exchange Commission (SEC) has delayed making a decision on Truth Social's spot Bitcoin ETF application.
【Interactive Brokers Considers Launching New Stablecoin for Clients】
Interactive Brokers billionaire founder Thomas Peterffy stated in an interview that the company is exploring the possibility of issuing a stablecoin but has not made a final decision on how to offer it to clients.
【OKX Becomes First Global Platform to Offer Compliant Crypto Derivatives in UAE】
OKX announced it is the first global platform to launch regulated crypto derivatives for retail users in the UAE, covering futures, perpetual contracts, and options with up to 5x leverage. The product launch is based on the Dubai Virtual Asset Regulatory Authority's (VARA) "Innovation Testing Framework", which aims to provide a controlled testing environment for innovative financial products while strengthening regulatory safeguards.
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