🟠 Crypto News Nearly 40% of US merchants now accept crypto at checkout, according to PayPal. Adoption is strong in hospitality and gaming, with Millennials and Gen Z leading as crypto-savvy shoppers. 📈
🟠 Crypto News Tether has launched a new stablecoin, USAT, in collaboration with Anchorage Digital Bank. This new token is designed to comply with the GENIUS Act, aiming to meet institutional demand for a U.S.-regulated digital dollar. ⚖
🟠 Crypto News 60% of top US banks are preparing for Bitcoin, according to River. Coinbase CEO Brian Armstrong noted that most bank CEOs he met at Davos are pro-crypto.⚖
Global Economy Update ⚪ President Trump announced a threat to raise tariffs on South Korean exports, including cars, to 25%, citing slow trade deal ratification. ⚖
🟠 Crypto News Valour now has FCA approval to provide Bitcoin and Ether ETPs for UK retail investors. This follows UK regulators re-opening the retail market for crypto products. 🇬🇧🚀⚖️
🟠 Crypto News BlackRock is filing for a new income-focused Bitcoin ETF, designed to actively manage covered call Bitcoin exposure through its existing iShares Bitcoin Trust to generate income for investors.⚖
Global Economy Update ⚪ Gold prices have soared to a record high, climbing above $5,000 an ounce. Investors are seeking stability amidst growing global tensions.⚖
🟠 Crypto News Gold has hit a new record high of over $5,000, demonstrating a sharp divergence as Bitcoin fell to $86,000. The precious metal surged 17% in January amidst trade tensions. ⚖
Global Economy Update ⚪ Michelle Bowman, the central bank’s vice chair for supervision, is remaking bank oversight at the Fed by slashing staff and changing rules. ⚖