According to CoinDesk, Tether, the cryptocurrency company behind the USDT stablecoin valued at $140 billion, announced on Friday its investment in the Italian football club Juventus FC. Tether Investments, the firm's investment division, has acquired a minority stake in the club. Following the announcement, Juventus FC shares, which are listed on the Italian stock exchange, rose by 2.5%. Additionally, the club's crypto fan token, JUV, experienced a significant surge of nearly 200% before stabilizing, as reported by CoinGecko. Tether CEO Paolo Ardoino stated that the investment aligns with the company's strategy to integrate new technologies, including digital assets, artificial intelligence, and biotechnology, into the sports industry to foster global change. This move marks a significant step for Tether as it seeks to expand its influence beyond its primary stablecoin operations. Last year, Tether reported profits of $13 billion and has since diversified its investments into sectors such as artificial intelligence, payments, and energy.

According to CoinDesk, the CoinDesk 20 Index has shown notable performance in its latest market update. The index is currently trading at 3298.82, marking an increase of 2.9% or 92.48 points since the previous day's close. This upward trend reflects a positive movement in the market, with 19 out of the 20 assets in the index experiencing gains. Among the top performers, XRP has surged by 9.4%, while XLM has risen by 6.1%, leading the pack in terms of percentage growth. On the other hand, APT and ADA have shown minimal movement, with APT remaining unchanged and ADA increasing slightly by 0.3%. The CoinDesk 20 Index is a comprehensive measure of the cryptocurrency market, encompassing a diverse range of assets traded across various platforms and regions worldwide.

According to CoinDesk, the Securities and Exchange Commission (SEC) has established a timeline to decide on the approval of an exchange-traded fund (ETF) that tracks the price of XRP. This development follows the SEC's acknowledgment of a 19b-4 filing submitted by the New York Stock Exchange (NYSE) and asset manager Grayscale. This marks the first instance of the SEC responding to a filing concerning the crypto asset XRP, initiating a 240-day period for the Commission to reach a decision. The SEC has previously acknowledged applications for other crypto-focused ETFs, including those for Solana (SOL), Litecoin (LTC), and Dogecoin (DOGE). However, the acknowledgment of the XRP ETF filing is particularly noteworthy due to the SEC's ongoing legal battle with Ripple, the company behind XRP. The SEC filed a lawsuit against Ripple in December 2020, accusing it of violating U.S. securities laws by selling XRP as an unregistered security. In August 2023, Ripple achieved a partial victory when a federal judge ruled that XRP is not a security when sold on secondary markets. The SEC appealed the case on January 15, just days before U.S. President Donald Trump took office, arguing that Ripple's sale of XRP met the criteria of the Howey Test, a standard used to determine what constitutes a security. Nate Geraci, President of the ETF Store, commented on the SEC's decision to acknowledge the filing, suggesting it sends a significant message. Meanwhile, Bloomberg ETF analysts James Seyffart and Eric Balchunas have predicted a 65% likelihood of the XRP ETF being approved by the end of 2025. They also forecasted higher approval chances for a Litecoin ETF at 90%, followed by Dogecoin at 75% and Solana at 65%. All pending ETF applications for these assets are expected to receive a decision by October.

Taiwan plans to strengthen its ties with the U.S. through increased investments and defense spending. The post Taiwan’s TSMC Commits $65B to U.S. Factories Amid Trump’s Tariff Threat appeared first on Tokenist. source: https://tokenist.com/taiwans-tsmc-commits-65b-to-u-s-factories-amid-trumps-tariff-threat/?utm_source=rss&utm_medium=rss&utm_campaign=taiwans-tsmc-commits-65b-to-u-s-factories-amid-trumps-tariff-threat

Odaily星球日报讯 链上数据显示，大约 3 分钟前，某地址将约 4,564,455.46 枚 ENA 转入币安，价值 2,166,500.53 美元。

Odaily星球日报讯 美国佐治亚州已提出一项法案，拟允许该州财政机构投资 BTC。（Bitcoin Magazine）

Telegram Wallet now allows fee-free USDT purchases in 60 countries to enhance stablecoin adoption in partnership with TON and Mercuryo. source: https://coincu.com/322367-telegram-wallet-rolls-out-zero-fee-usdt

TL;DR GameStop is evaluating different cryptocurrency investments, including Bitcoin, to diversify its asset portfolio. The company’s CEO met with Michael Saylor, co-founder of MicroStrategy, although it’s unclear if it will influence the decisions made. The firm had already launched a crypto wallet service in 2022, but it shut it down in 2023 due to regulatory ... source: https://crypto-economy.com/gamestop-reportedly-exploring-crypto-investments-whats-next/

According to Foresight News, a senator from Georgia has introduced a bill that would permit the state's treasurer to invest in Bitcoin. The proposed legislation also addresses investment limits and security handling requirements for such investments.

Dubai’s Virtual Assets Regulatory Authority has warned of memecoin risks and high volatility. Compliance with VARA regulations is mandatory for memecoins. VARA may restrict memecoin platforms without notice. Dubai’s Virtual Assets Regulatory Authority (VARA) has sounded the alarm on the burgeoning trend of memecoins, highlighting the significant risks these volatile digital assets pose to... source: https://coinjournal.net/news/dubais-vara-issues-warning-about-the-risks-associated-with-memecoins/

Metallica's official X account was hacked to promote the Solana token METAL, making them the latest victim of celebrity meme coin scams. Rapper 50 Cent and wrestler Hulk Logan also joined the growing list of victims this month.

Andrew Tate's meme coin, Daddy Tate ($DADDY), surged on Solana with his massive online following but faced steep price drops amid controversy and insider trading allegations, posing high risk for investors due to its dependency on Tate's influence and volatile market nature.