WAO ART

TON Ventures has launched a $2.5M accelerator program to support 5 startups, aiming to boost the TON blockchain ecosystem despite recent challenges. The initiative comes amid significant market turmoil following the arrest of Telegram CEO Pavel Durov, which led to a 22% drop in Toncoin’s value.

Venezuelan President is advocating for a renewed focus on crypto following the suspension of the state-backed Petro token earlier this year. The Petro, launched in 2018 and backed by oil reserves, faced challenges that led to its suspension, raising questions about the future of digital currencies in Venezuela.

Polymarket traders estimate over a 70% chance of a 25-basis-point cut in the Fed's next rate decision. A significant bet of $10.9 million indicates 77% odds for a 25 basis point cut, with 21% for a 50 basis point reduction, and only 3% for no cut.

The Universal Digital Payments Network (UDPN) has integrated the Australian Digital Dollar (AUDD) into its platform, enhancing support for regulated stablecoins. AUDD, a multi-chain stablecoin, joins the U.S. dollar and euro in UDPN's asset basket, catering to the evolving digital economy.

The SEC has charged Galois Capital for serious compliance failures and misleading investors regarding custody practices and redemption policies. The firm failed to adhere to the Investment Advisers Act’s Custody Rule, holding client crypto assets on non-qualified platforms like FTX since July 2022.

Busha has secured a pioneering SEC license in Nigeria, becoming one of the first regulated Digital Assets Exchanges in Africa. This development opens new avenues for UK and European businesses to engage with the growing African digital economy through secure and compliant transactions.

The UAE and Qatar have established clear regulations for cryptocurrency companies, aiming to eliminate uncertainty and attract businesses to their regions. Qatar's new "QFC Digital Assets Framework 2024" addresses key areas such as tokenization, ownership rights, custody services, and exchanges.