"EU's Assetera & Ondo Finance Tokenize US Treasuries on Polygon" "SEC Drops Crypto Broker-Dealer Rule Appeal" "Coinbase Expands Crypto Derivatives Market" "Strategy to Raise $2B for Bitcoin Purchases" "Tether Proposes 51% Stake in Adecoagro"
Assetera, a blockchain-based trading facility regulated in the European Union, has partnered with Ondo Finance to list institutional-grade tokenized US Treasuries. This collaboration enables European retail and institutional investors to access US government-backed securities through a compliant platform. The securities, natively supported on the Polygon network, facilitate atomic settlements, reducing counterparty risk and enabling efficient trade execution. Assetera's platform, integrating innovative trading tools and minute-by-minute pricing, aims to enhance liquidity and transparency in the digital assets market.
The Securities and Exchange Commission (SEC) has withdrawn its appeal against a Texas court decision that blocked a broker-dealer rule expansion. This move, proposed under former SEC Chair Gary Gensler, would have required crypto liquidity providers and automated market makers with over $50 million in capital to register as dealers. The dismissal marks an end to the legal contention initiated by crypto entities in response to what they viewed as regulatory overreach.
Coinbase is advancing the maturation of the US crypto derivatives market, focusing on institutional and retail traders globally. It offers CFTC-regulated futures contracts for Solana and Hedera through Coinbase Derivatives, LLC, and is expanding futures trading access to institutions via Coinbase Financial Markets, Inc. Additionally, Coinbase International Exchange, LLC introduces EURC perpetual futures, enhancing crypto-native FX trading with leverage. These initiatives significantly contribute to the strategic exposure and risk management tools available in the crypto sector.
Strategy, formerly MicroStrategy, declared its intention to offer $2 billion in convertible senior notes at 0% interest to fund bitcoin purchases and other corporate needs. The notes, maturing in 2030, may convert into cash or stock options, also allowing for an additional $300 million purchase option for initial buyers. This announcement follows Strategy's profitability warning and acknowledgment of $1.79 billion in impairment losses from its bitcoin holdings in 2024.
Tether Investments has proposed to acquire a 51% controlling stake in Adecoagro S.A., a South American sustainable production company. The offer of $12.41 per Common Share was made on February 14, 2025, aiming to increase Tether's stake from 19.4% to 51%. Adecoagro's Board is currently reviewing the proposal with assistance from legal and financial advisors to determine its suitability for shareholders.

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