Pakistan grants Binance and HTX preliminary approval for crypto operations

Juventus owner Exor has rejected a $1 billion acquisition offer from Tether, the issuer of the USDT stablecoin, indicating a decision to maintain control over the football club. This rejection comes despite Tether's significant financial backing and interest in expanding its influence in the sports sector.

The U.S. Securities and Exchange Commission (SEC) has released new guidance on crypto asset custody aimed at enhancing protection for retail investors. This guidance is expected to influence the development of crypto custody practices, potentially leading to increased market stability.

Pyth Network has launched the PYTH reserve initiative, aimed at sustaining network value through strategic token purchases. This initiative is expected to enhance network stability and bolster investor confidence by aligning token value with increased adoption and revenue generation.

Brazil’s largest private bank has recommended that investors allocate up to 3% of their portfolios to Bitcoin, reflecting a growing acceptance of digital assets in traditional finance. This recommendation aligns with similar advice from other major financial institutions, indicating a shift towards mainstream integration of cryptocurrencies.

Hyperliquid has launched portfolio margin on its testnet, allowing for unified trading of spot and perpetual contracts, which enhances capital efficiency in decentralized finance (DeFi) strategies.

BNB Chain has achieved a new performance milestone, processing 8,384 transactions per second (TPS), which represents a 26% increase from its previous record. This achievement underscores the platform's growing capacity and efficiency in handling transactions within the cryptocurrency ecosystem.

A prominent Bitcoin investor is facing a $12.5 million unrealized loss on a $617 million long position, highlighting the extreme volatility and risks associated with cryptocurrency investments. This situation reflects the broader challenges faced by investors in the current market environment.

BitGo has received conditional approval from the Office of the Comptroller of the Currency (OCC) to operate as a national crypto trust bank, marking a significant regulatory milestone for the company as it prepares for a public listing.