BITCOIN SURGES PAST $85K ON SEC DIGITAL SECURITIES APPROVAL
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Bitcoin reached an eight-month high above $85,000 after the SEC approved digital versions of securities for US trading. The approval comes as crypto legislation stalled in the Senate.
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The SEC granted a five-year exemption for tokenized US stock trading on blockchain venues, bypassing Congress after the Clarity Act stalled in the Senate. Circle's chief strategy officer says regulators are advancing crypto policy independently.
Binance has committed $100 million to Circle Internet Group as the two crypto firms deepen their partnership. The investment extends their existing agreement around USDC, the dollar-backed stablecoin.
Binance has acquired a $100 million stake in stablecoin issuer Circle and signed a five-year agreement to promote USDC on its platform. The deal represents a significant partnership between the world's largest crypto exchange and a major stablecoin provider.
Digital-asset companies in South Africa have suspended billions of rand in transactions amid proposed regulatory changes that would classify cryptocurrencies under the country's exchange-control framework and restrict cross-border crypto use.