Headlines of the Week
#strategy Faces Possible MSCI Index Removal, Threatening Billions in Outflows: A potential removal could lead to outflows of up to $8.8 billion if other index providers follow suit as the stock is part of many passive investment products.
BlackRock's Spot Bitcoin ETF Options Secure U.S. Top 10 Ranking With 7.7M Active Contracts: Options on BlackRock's spot Bitcoin ETF (IBIT) surged to over 7.7 million active contracts, ranking ninth overall in the U.S. (and second among single-stock options). This outperforms gold ETFs and many tech giants.
#Citadel Challenges DeFi Framework in Letter to SEC, Sparking Industry Outrage: Traditional finance giant Citadel Securities has formally challenged the current decentralized finance (DeFi) framework in a letter to the SEC, arguing these platforms work as traditional exchanges and should face similar oversight.
#Kraken Launches High-Touch VIP Program for Ultra High Net Worth Clients: Crypto exchange Kraken has introduced a high-touch service tier specifically designed to capture the growing number of family offices and ultra-wealthy individuals entering the space.
Yi He, Arguably Crypto's Most Powerful Woman, Becomes #Binance ’s New Co-CEO: Binance, the world's largest cryptocurrency exchange, has formalized its leadership structure by appointing its co-founder Yi He as co-CEO alongside Richard Teng.
Source: Binance News / Bitdegree / #CoinDesk / Coinmarketcap / Cointelegraph / Decrypt
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