Avalanche Treasury Co. to Build $1 Billion AVAX Treasury via New Merger
Avalanche Treasury Co. (AVAT) is set to merge with Mountain Lake Acquisition Corp. in a $675 million deal. The company aims to create the largest public vehicle for institutional AVAX exposure with a $1 billion treasury. AVAT Strikes $675 Million Merger With Mountain...
Tether Leverages Rumble to Push New USAT Stablecoin in US Market
Tether will leverage video platform Rumble to distribute its new USAT stablecoin, aiming to reestablish its presence in the U.S. market. The move marks a major step in Tether’s U.S.-focused expansion strategy. Rumble Wallet Integration to Drive Adoption of Tether’s...
Bitcoin hits a 6-week high above $120,000, defying a government shutdown
Bitcoin has broken above the key $120,000 level for the first time since August. The rally is fueled by renewed optimism about macroeconomic tailwinds. BTC futures open interest has hit a record high of $32.6 billion. The bulls are back in charge. Bitcoin has...
Lagarde vs. the Dollar: ECB Push to Ban US Issued Stablecoins Gains Traction
The European Systemic Risk Board has recommended a ban on multi-issuance stablecoins, a move that aligns with the European Central Bank’s campaign to limit their use. The core motivation is mounting concern over foreign influence and the protection of European...Interesting 13
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