WAO ART

Asset manager Canary Capital has filed an S-1 registration form with the SEC for a Litecoin ETF. The proposed ETF aims to directly hold Litecoin (LTC), a prominent Bitcoin offshoot. This move positions Canary Capital as a potential leader in the growing market of crypto exchange-traded funds.

Tesla has transferred nearly its entire BTC, moving over 11,500 BTC to unknown wallets. The transfer, has sparked speculation about the company's future plans for its Bitcoin holdings. The move has led to curiosity about the motivations behind the transfer and its potential impact on the market.

MoonPay partners with Ripple to enhance XRP accessibility. Users can buy, store, and manage XRP directly in the MoonPay app. The integration simplifies the experience for both new and existing XRP users. This collaboration aims to engage users with the broader cryptocurrency market.

Italy plans to raise the capital gains tax on Bitcoin and cryptocurrencies from 26% to 42%. This represents a significant 62% increase in the tax rate on crypto gains. The announcement was made by Deputy Minister Leo during a press conference regarding the 2025 budget.

El Salvador was the first country to adopt Bitcoin. Recent reports indicate a declining adoption rate among Salvadorans, raising concerns about the country's Bitcoin roadmap. President Nayib Bukele's ambitious vision faces challenges as the population shows hesitation towards cryptocurrency.

Thailand's oldest bank, Siam Commercial Bank (SCB), founded in 1907, is launching stablecoin remittance services. SCB is partnering with fintech company Lightnet to facilitate these services. Clients will be able to send and receive cross-border payments 24/7 using stablecoins.

African crypto startup Yellow Card has raised $33 million in new venture capital funding. The company is rapidly expanding its operations across the African continent. Yellow Card exemplifies how cryptocurrencies are transforming finance in emerging markets with limited banking infrastructure.