1d ago
UAE-backed fund buys 49% of Trump family's World Liberty Financial for $500 million on January 16, 2025
A UAE-backed investment vehicle acquired a 49% interest in World Liberty Financial, the Trump family's cryptocurrency firm, for $500 million under a deal signed on January 16, 2025, four days before Donald Trump's second inauguration. The investment was structured in two $250 million tranches, altered the Trump family's equity stake, and granted the Emirati side a 49% holding via Aryam Investment 1. The company issues the USD1 stablecoin, which was later used to settle a $2 billion crypto investment, while separate U.S.-UAE agreements covered access to Nvidia AI chips in 2025.
USD1
USD1-0.03%
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1d ago
Tether Amasses 140 Tons of Gold Valued at $23 Billion by February 2026
On February 3, 2026, Tether Holdings revealed it has built a gold position of about 140 tons worth $23 billion, placing it among the world's largest private bullion holders. The company bought over 70 tons last year for reserves and its XAUT gold-backed stablecoin and is currently adding more than a ton per week, while XAUT has climbed nearly 4% in 24 hours and posted strong weekly and monthly gains.
XAUT
XAUT+2.70%
1d ago
1d ago
US PMI Jumps to 52.6 as Bitcoin Stays in 5-Month Correction and Spot Volumes Slide
In January, the ISM Manufacturing PMI climbed to 52.6, the strongest level since 2022, as U.S. manufacturing returned to expansion while Bitcoin traded near $78,000 in its fifth straight month of correction. Spot crypto volumes have fallen to their lowest levels since 2024 alongside $2.56 billion in liquidations and a total market capitalization of $2.58 trillion, as analysts debate whether the macro rebound can revive demand or if structural weakness will dominate.
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BTC
BTC-2.79%
1d ago
1d ago
Arizona Attorney General Sounds Alarm as Crypto ATM Fraud Hits $177 Million in 2024
On Monday, Arizona Attorney General Kris Mayes issued a statewide alert after residents lost more than $177 million to crypto ATM scams in 2024, and her office rolled out a new complaint form for victims to report losses within 30 days. The warning coincides with a wider U.S. and international crackdown on crypto kiosks, including state-level transaction caps, lawsuits against major operators, proposed federal rules, outright bans in some regions, and ongoing enforcement actions against firms such as Athena Bitcoin, Crypto Dispensers, Coinme, and Bitcoin Bancorp's expansion plans.
1d ago
1d ago
ING Germany adds Bitwise crypto ETPs and VanEck ETNs for Bitcoin, Ether and Solana
ING Germany, the retail arm of ING Group, is broadening crypto investment access by listing Bitwise crypto ETPs and VanEck crypto ETNs that track Bitcoin, Ether, Solana, XRP and other major tokens. From February, clients can trade Bitwise products on Xetra with no execution fees on orders from 1,000 euros and also use them in fee-free savings plans, while VanEck offers 10 single-asset and two basket ETNs.
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BTC
BTC-2.79%
1d ago