Crypto Finance and Bridgeport Launch Anchornote for Off‑Exchange, Custody‑Native Settlement

Binance is reportedly in discussions with the Department of Justice (DOJ) to potentially lift a three-year compliance monitor that was part of its $4.3 billion settlement. This development is significant as it could signal a positive shift in Binance's regulatory standing and operational flexibility, allowing the company to focus more on growth and innovation in the cryptocurrency space.

Binance is in talks to end its court-appointed compliance monitor early, which could signal a positive shift in its relationship with regulators. This move may lift a significant condition from its $4.3 billion settlement, indicating that the exchange is making strides towards compliance and stability. Such developments are crucial for Binance as they could enhance investor confidence and pave the way for smoother operations in the future.

Deutsche Börse's subsidiary, Crypto Finance, has launched a new settlement tool called AnchorNote in Zurich. This innovative solution aims to address capital inefficiencies in institutional crypto trading by eliminating the need for pre-funding exchange accounts, potentially freeing up billions for Swiss traders.

Editor’s Note: This development is significant as it could revolutionize how institutional traders manage their capital in the crypto market. By reducing the need for pre-funding, it allows for more efficient trading and could attract more institutional investors to the crypto space.

Crypto Finance, a subsidiary of Deutsche Börse, has introduced AnchorNote, enabling institutions to trade across different venues without transferring assets out of custody.

Editor’s Note: This development is significant as it enhances the trading capabilities for institutions, allowing for greater flexibility and security in asset management. It reflects the growing integration of cryptocurrency within traditional finance.

Deutsche Börse’s Crypto Finance has launched a new Connected Custody Settlement service for digital assets, enhancing security and efficiency in the crypto market.

Editor’s Note: This development is significant as it addresses the growing need for secure and efficient management of digital assets, potentially attracting more institutional investors to the crypto space.

REX Shares has generated excitement in the crypto world by announcing the anticipated approval of its Dogecoin and XRP exchange-traded funds (ETFs) by the US SEC. Set to launch on September 18, these ETFs, named REX-Osprey XRP ETF and REX-Osprey DOGE ETF, are expected to attract significant investor interest, potentially boosting the market for these cryptocurrencies. This development is crucial as it could pave the way for more institutional investment in the crypto space, signaling a growing acceptance of digital assets in mainstream finance.

Nakamoto, led by David Bailey, is moving forward with plans to acquire BTC Inc in an all-stock deal after successfully completing the company's audit. This acquisition is significant as it highlights Nakamoto's growth strategy and confidence in BTC Inc's potential, which could lead to exciting developments in the cryptocurrency sector.

P2P.org has officially become a validator on the $4 trillion Canton Network, marking a significant milestone in the evolution of institutional blockchain infrastructure. This development highlights the growing acceptance and integration of blockchain technology in mainstream finance, which could lead to more secure and efficient transactions in the future.

Bitcoin's volatility is expected to increase following today's Federal Open Market Committee (FOMC) meeting, but analysts suggest that this won't lead to a significant directional shift in the market. Instead, it indicates that Bitcoin may continue to trade within its current range for the next few days. This is important for investors as it suggests a period of stability amidst the usual fluctuations in the cryptocurrency market.

Tokyo's Metaplanet has launched a new subsidiary in Miami aimed at enhancing Bitcoin income opportunities. This move is significant as it reflects the growing interest in cryptocurrency and the expansion of blockchain technology into new markets. By establishing a presence in Miami, Metaplanet is positioning itself to tap into the vibrant tech scene and attract investors, which could lead to increased innovation and economic growth in the region.

Uphold, a digital financial service platform, has revealed that it holds a staggering 1.59 billion XRP, which is entirely owned by its customers. This announcement from CEO Simon McLoughlin has surprised the crypto community, as it clarifies misconceptions about the ownership of these tokens. This transparency is significant as it reinforces trust in Uphold and highlights the importance of customer ownership in the cryptocurrency space.