Here is what happened yesterday in the crypto market:
Robinhood Acquires WonderFi for $179 Million
Robinhood is set to acquire Canadian crypto firm WonderFi for $179 million (USD) in an all-cash deal, expanding its presence in the global crypto market. This acquisition underscores Robinhood’s commitment to crypto and its strategic moves in the financial services sector.
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Coinbase Inclusion in S&P 500 Drives Shares Up
Coinbase’s shares surged following the announcement of its inclusion in the S&P 500 index. Bernstein estimates this could bring $16 billion in buying pressure to COIN. The inclusion marks a significant milestone for the crypto exchange, reflecting its growing importance in the financial market.
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Dubai to Accept Crypto for Government Service Fees via Crypto.com
The Dubai government is moving towards a cashless society by partnering with Crypto.com to allow cryptocurrency payments for government services. Technical details are being finalized to implement this plan.
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UK’s First FCA-Regulated Crypto Derivatives Platform Launches
GFO-X has launched the U.K.'s first Financial Conduct Authority (FCA)-regulated crypto derivatives trading venue in London. The platform has already executed its first trade, marking a significant step for regulated crypto trading in the UK.
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Animoca Brands Plans US Listing, Citing Favorable Regulatory Environment
Web3 investment company Animoca Brands is planning a public listing in New York, aiming to capitalize on what it sees as a favorable regulatory approach to digital assets under the Trump administration.
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