A recap of today’s top crypto news: Robinhood’s acquisition of Bitstamp, the SEC facing criticism over staking guidance, and Singapore’s crackdown on overseas crypto services.
FalconX Acquires Majority Stake in Monarq: Expanding Institutional Reach After FTX Fallout
FalconX, a leading crypto prime broker, has acquired a majority stake in Monarq’s parent company, formerly linked to FTX. This move signifies a strategic expansion into asset management and a broadening of its institutional client base.
Robinhood Finalizes $200M Bitstamp Acquisition: A Strategic Move for Global Crypto Dominance
Robinhood completes its $200 million acquisition of Bitstamp, signaling a major expansion into the European and Asian crypto markets and a strategic focus on institutional clients and real-world asset tokenization.
Australia Tightens Crypto ATM Rules Amid Rising Scam Concerns
Australia’s financial intelligence agency, AUSTRAC, introduces stricter regulations for crypto ATM operators, including transaction limits, to combat increasing scams.
Strategy (MicroStrategy) to Raise $250M for More Bitcoin: Market Impact Analysis
Strategy, formerly MicroStrategy, plans a $250M offering of preferred stock (STRD) to further increase its Bitcoin holdings. Here’s a breakdown of the potential market impact and what it means for investors.