What happened last night... Cryptocurrency morning news for November 27th
This article is machine translated
Show original
1. Tether Issued Additional $3 Billion USDT - "Will the Bull Market Continue?"
The stablecoin issuer Tether issued an additional $3 billion worth of USDT on the Ethereum and Tron networks on the 24th. According to data from on-chain analysis platform Arkham Intelligence, $2 billion worth of USDT was issued on the Ethereum network and $1 billion on the Tron network. Tether CEO Paolo Arduino explained the additional USDT issuance, saying, "We have embarked on additional USDT production to achieve Tether's great vision by 2025." Due to the additional issuance of USDT, which is used as the "base currency" in global cryptocurrency exchanges, it was interpreted that the liquidity of the cryptocurrency market itself has increased, and this will be the driving force to sustain the bull market.
2. VanEck Extends Bitcoin Spot ETF Trading Fee Waiver Until January 2026
VanEck announced on the 26th that it will extend the trading fee waiver for its Bitcoin (BTC) spot exchange-traded fund (ETF) until January 2026.
3. Iran "To Bypass Western Economic Sanctions Through CBDC"
The Central Bank of Iran (CBI) officially announced a CBDC issuance plan on the 26th. CBI said it will issue a CBDC to develop Iran's own international trade in order to overcome US economic sanctions.
4. Bitwise Submits Filing for Bitcoin-Ethereum Linked ETF
Bitwise filed an S-1 securities registration statement with the US Securities and Exchange Commission (SEC) on the 26th for an ETF linked to the spot prices of Bitcoin and Ethereum (ETH).
5. Brazilian Congressman Proposes Bill to Accumulate Bitcoin as Reserve Asset
Brazilian congressman Eros Biondini submitted a bill to the parliament on the 26th that would allow the Brazilian government to accumulate up to about $18.6 billion worth of Bitcoin, which is about 5% of the government's budget, as a reserve asset.
6. Trump's 'World Liberty Financial' Appoints Justin Sun as Advisor
'World Liberty Financial', a DeFi project led by the Trump family, appointed Tron founder Justin Sun as an advisor to the project on the 26th. Justin Sun purchased around $30 million worth of World Liberty Financial tokens (WLF), becoming the project's largest investor.
7. Former CFTC Chair: "Trump Administration Will Transfer Crypto Oversight to CFTC"
Former US Commodity Futures Trading Commission (CFTC) Chairman Christian Giancarlo claimed in an interview with Fox Business on the 26th that the second Trump administration will transfer the regulatory jurisdiction over the cryptocurrency market from the SEC to the CFTC, aiming to properly allocate the authority between the SEC and CFTC.
8. UK "To Complete Integrated Crypto Regulation by 2026"
The UK Financial Conduct Authority (FCA) announced on the 26th that it will establish an integrated cryptocurrency regulation framework by 2026.
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share