DeepNewz

Markets
Argentina's S&P Merval Falls Over 5.7% After $LIBRA Crypto Scandal Involving President Milei; 4% First Day Decline Reported
Argentina's main stock index, the S&P Merval, experienced a decline of over 5

DeFi
Standard Chartered, Animoca Brands, and HKT Seek HKMA License for Hong Kong Dollar-Backed Stablecoin to Boost Digital Asset Ecosystem
Standard Chartered Bank (Hong Kong) Limited, Animoca Brands, and HKT have formed a joint venture to apply for a license from the Hong Kong Monetary Authority under its new regulatory framework to issue a Hong Kong dollar-backed stablecoin

Hacks
Hacked @SaudiLawConf Account Promotes Three Fraudulent Meme Coins, Impersonates Crown Prince Mohammad bin Salman
Multiple reports indicate that the Twitter account @SaudiLawConf has been hacked and is being used to promote fraudulent meme coins

TradFi & Fintech
Metaplanet Expands Bitcoin Holdings to 2,031 BTC with $26.3 Million Purchase of 269.43 BTC, Yielding 15.3% YTD
Metaplanet, a Japanese company, has expanded its Bitcoin holdings

TradFi & Fintech
Citi and State Street Plan Crypto Custody Services Amid SAB 121 Repeal
Citi and State Street, leading financial institutions with assets of $4 trillion and $6 trillion respectively, are moving into cryptocurrency custody services as President Trump quickly loosens regulations, including the repeal of SAB 121 in January

Markets
$TRUMP Token Rises 35% to $24 Amid Political Sentiment in $120B Memecoin Market; $100K Position Possible
Memecoins have evolved into a substantial sector within the cryptocurrency market, now accounting for one-third of all investor interest in 2024, with a total market capitalization of approximately $120 billion

People
CZ Confirms Multiple Abu Dhabi Wealth Funds Likely Accumulating Bitcoin Amid Global FOMO, Says Changpeng Zhao
Changpeng Zhao (CZ), the founder of Binance, has confirmed that multiple wealth funds in Abu Dhabi, as well as other global sovereign wealth funds, are likely in the process of accumulating Bitcoin

DeFi
Hyperliquid Debuts Unit for On-Chain BTC Trading; HYPE Token Surges Above $28
Hyperliquid, a decentralized exchange (DEX), has launched 'Unit', a decentralized asset tokenization layer that enables users to trade and hold spot Bitcoin (BTC) directly on-chain through a self-custodial BTC/USD spot market

DeFi
KAITO Token Trades at $1.5B to $1.7B FDV in Pre-Market, YAPs Valued Up to $454 at TGE
The cryptocurrency token $KAITO is currently trading in the pre-market at a fully diluted valuation (FDV) of approximately $1.5 billion to $1.7 billion

Markets
Mubadala Invests $436M in iShares Bitcoin ETF in Q1 2025
Abu Dhabi's sovereign wealth fund, Mubadala, has disclosed a $436 million investment in Bitcoin ETFs during the first quarter of 2025





