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xStocks expands to the TRON blockchain

We’re proud to announce the next step in the global expansion of xStocks, the industry standard for tokenized equities. In partnership with Backed, Kraken is collaborating with the TRON DAO to integrate xStocks with the TRON blockchain, opening up new opportunities for tokenized equities exposure across one of the world’s most active and scalable blockchain…

Markets

Trump’s Pro-Crypto Orders See Bitcoin Futures Open Interest Jump, Then Unwind

In brief Trump’s executive orders direct the inclusion of crypto in 401(k) plans and bar debanking of crypto-related initiatives. Nearly $300 million in short positions were liquidated after Thursday’s announcement. Cumulative volume delta remained elevated, signalling buyers’ attempts to hold the market up despite profit-taking. Bitcoin is close to revisiting last week’s highs after U.S.…

Markets

Bitcoin Whale Moves $349 Million in BTC After 10-Year Slumber

In brief Another Bitcoin whale awakened on Thursday, moving $349 million of the largest cryptocurrency by market value. The whale had not moved the crypto for 10 years, blockchain data shows. A number of long-term investors have recently moved digital coins after years of dormancy. Another long-slumbering Bitcoin whale has awakened, moving 3,000 BTC worth…

Business

Strategy Now Holds $71 Billion in Bitcoin—These Are Its Biggest Buys

Software firm turned Bitcoin treasury company Strategy has been buying Bitcoin for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets.What started as a way to “maximize long-term value for shareholders” has transformed into an industry-shifting paradigm that has been further fueled by greater…

Business

Western Union Eyes Stablecoins as Remittance Giants Face Outward Pressure

Western Union has become the latest financial giant to signal interest in stablecoins, as competition heats up in the global remittance market and regulatory clarity improves.Speaking to Bloomberg on Tuesday, CEO Devin McGranahan said the firm saw three opportunities for stablecoin use around faster cross-border payments, better fiat conversion options in harder-to-reach markets, and offering…