D-GN, a centralized AI data platform, raised $5M in Pre-Seed funding led by droppGroup, Al-Rumayyan & Hub Culture. It uses blockchain for data traceability & pays contributors in USDT, aiming to cut outsourcing costs & fight illicit content.
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BofA predicts a $25-75B surge in stablecoin supply after the GENIUS Act passed! π Clarified rules will boost product launches & bank-issued stablecoins. Expect increased demand for US Treasury bonds too. #stablecoins #crypto #fintech (via CoinDesk)
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Tether Gold (XAUT) is backed by 246,524 troy ounces (~7.66 tons) of physical gold held in Switzerland! πͺ With a ~$814M market cap, XAUT offers a compliant, on-chain way to invest in gold as volatility rises. #stablecoin #gold #XAUT #Tether
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GameSquare (Nasdaq: GAME) bought CryptoPunk #5577 for $5.15M in preferred stock (convertible to ~3.4M common shares at $1.50/share). Itβs their first NFT investment! π #NFT #GameSquare #CryptoPunk
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BitMine (NYSE: BMNR) now holds over $2B in Ethereum (ETH) just 16 days after a $250M funding round! π They currently have 566,776 ETH (valued at $3,643/coin) & aim to stake 5% of the total ETH supply. - Tom Lee, BitMine Chairman
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Ethena Labs is transitioning its USDtb stablecoin to a federally regulated payment model through a partnership with Anchorage Digital, a U.S. federal charter crypto bank. Ethena claims USDtb will be the first stablecoin with a clear path toward full compliance with the forthcoming U.S. GENIUS Act.
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