El Salvador has negotiated a $1.4 billion loan with the IMF, making Bitcoin payments voluntary and reducing government involvement in crypto projects. Other notable developments include a California court ruling on Coinbase’s delisting of wBTC, Exodus’s impressive stock performance, and successful funding rounds for Fraction AI. Additionally, Metaplanet starts trading on OTCQX, Grayscale Bittensor Trust opens to accredited investors, and World Liberty purchases ENA using USDC.
El Salvador has reached a loan agreement amounting to $1.4 billion with the International Monetary Fund (IMF). As part of this deal, the government has decided to make the acceptance of Bitcoin for payments voluntary. Furthermore, it will reduce its interference in Bitcoin-related initiatives, reflecting a significant policy shift regarding cryptocurrency usage in the country.
In a separate development, a California court upheld Coinbase’s decision to delist wBTC and dismissed BiT Global’s motion for a temporary injunction. This legal ruling underscores the evolving regulatory landscape in the cryptocurrency market, affecting platform operations and user access.
Additionally, the cryptocurrency wallet provider Exodus experienced a remarkable surge of over 37% on its inaugural trading day, peaking at $64.50. This positive market response illustrates strong investor interest and confidence in the company’s offerings.
Fraction AI, a firm integrating cryptocurrency and artificial intelligence technologies, successfully secured $6 million in Pre-Seed funding. The financing round was spearheaded by notable groups, including Spartan Group and Symbolic Capital, reinforcing the growth potential of this sector.
Metaplanet has announced the commencement of its stock trading on the U.S. OTCQX market under the ticker symbol $MTPLF. This move enables greater visibility and accessibility for investors interested in the company’s activities.
Grayscale’s Bittensor Trust has now opened its doors to accredited investors, reinforcing the trend of institutional investment in digital assets and further legitimising cryptocurrency markets.
Lastly, World Liberty executed a transaction worth 250,000 USDC to acquire 231,726 ENA, demonstrating ongoing interest and activity within the cryptocurrency investment sphere.
