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Bitrue Crypto Exchange Launches Shiba Inu Staking Pool with 10% APY

Bitrue, the Singapore-based cryptocurrency exchange, has recently made significant strides in the Shiba Inu ecosystem, introducing the long-awaited Shibarium betting pool and listing LEASH, one of the prominent tokens in the ecosystem. These developments provide users with the opportunity to earn SHIBs, enjoy attractive returns and access enhanced trading options.

Shibarium Stake Pool launches and offers profitable returns

Bitrue started the Shibarium betting pool, announcing that it is allowing users to stake their LEASH and BONE tokens and win SHIB, the second largest dog-themed token.

With an impressive 10% Annual Percentage Yield (APY), the betting pool offers users a lucrative opportunity to earn passive income.

The participation period will last for 30 days, allowing users to participate for one month. Bitrue urges users to take advantage of the early stage as these investment opportunities are expected to run out quickly.

Bitrue includes LEASH and expands trading options for the Shiba Inu ecosystem token

Bitrue has expanded its support for the Shiba Inu ecosystem to include LEASH, offering users better trading opportunities. The listing allows users to access deposit functions on Bitrue’s trading platform, paving the way for greater liquidity and market share.

Investors and enthusiasts are now paying attention to the potential for substantial returns with Shiba Inu ecosystem tokens. Bitrue’s recent announcements have created excitement among SHIB holders as the expansion of the PowerPiggy service offers exclusive benefits to new users.

However, BONE, the governance token of decentralized exchange ShibaSwap, has seen price fluctuations. Currently priced at $1.23, BONE is down 92% from its all-time high (ATH). However, if BONE were to recoup its ATH of $15.50, investors would need an investment of $79,354 now to earn a return of $1 million.

Stylized as the Doge Killer within the Shiba Inu ecosystem, LEASH reached an ATH of $8,983 shortly after launch, but faced the brunt of a bear market, resulting in a current price of $416. of its ATH, the future movement of the LEASH price remains uncertain. If LEASH rises 2059% and recovers its ATH, an initial investment of $46,176 at current prices would yield a return of $1 million.

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Ripple Labs Real Estate Tokenization Scheme Uncovered

Ripple Labs Inc, known for its breakthrough in blockchain and digital payments, recently revealed its ambitious plan to revolutionize the real estate industry through tokenization. Ripple’s Tokenization Plans In a recent tweet, Antony Welfare, digital currency adviser to Ripple’s central bank (CBDC), recently drew attention to the growing global interest in this area. well-being emphasized

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The European trade body defends the inclusion of DeFi in the MiCA regulation

The Association for European Financial Markets (AFME) has raised concerns about the exclusion of decentralized finance, or DeFi, from the European Union Cryptocurrency Markets (MiCA) regulation. AFME’s latest comment points to the need to create a comprehensive regulatory framework that encompasses both traditional financial services and DeFi.

AFME, a prominent entity in the European financial markets, has expressed concern about leaving decentralized activities outside the regulatory framework. They emphasized that such exclusions could potentially instigate regulatory arbitrage and dilute the effectiveness of any regulatory structures that might emerge.

Risks of Opting Out of MiCA DeFi

The Cryptocurrency Market Regulation (MiCA) recently adopted by the European Union represents an effort to establish a comprehensive regulatory framework for crypto assets. Its goal is to cultivate a more secure and transparent environment for digital financial operations.

However, this legislation, in its current form, is not suited to decentralized finance (DeFi), a fast-growing sector in the digital finance landscape. This exclusion is raising concerns, particularly within the Association for Financial Markets in Europe (AFME).

AFME warns that the current regulatory approach, which ignores the DeFi sector, can unwittingly trigger potential risks. It postulates that such supervision may pose threats to financial stability and give rise to secondary implications. These concerns stem from the absence of regulatory protection to provide certainty in the face of digital financial markets.

To further emphasize his point, AFME clarifies the interaction between DeFi and traditional finance (TradFi). He argues that while the current overlap between DeFi and TradFi is relatively limited, it requires active monitoring and management.

By actively monitoring these developments, AFME believes that potential threats can be more effectively mitigated, thus avoiding potential financial turmoil.

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Doha Investment News – dohainvestment.net

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South Korean Crypto Lending Firm Delio Is Under Investigation By Regulators

The company reportedly denied any exposure to troublesome sister loan company Haru Invest before suspending the transfers earlier this month.

According to a report by local news outlet Digital Asset, South Korean crypto lending firm Delio is currently under investigation by the country’s Financial Services Commission (FSC) as of June 30. decision to suspend user deposits and withdrawals on June 14.

During an extraordinary investor meeting on June 17, Jung Sang-ho explained that the company would resume withdrawals, albeit without a fixed schedule at the time. On June 27, the company began opening withdrawals for a portion of its staking services.

“[Delio] will get as much capital as possible to make up,” Sang-ho said. Delio is currently one of the largest cryptocurrency lenders in South Korea, with around $1 billion in Bitcoin (BTC), $200 million in Ether (ETH), and $8.1 billion in various altcoins. Its chief executive and management team have been barred from leaving the country pending an investigation by prosecutors.

On June 13, Delio’s sister company, Haru Invest, suspended withdrawals and deposits, citing an issue with a “consignment operator.” The move prompted Delio to do the same the next day, presumably due to the counterparty’s exposure. Since the announcement, Haru Invest has cut most of its staff. The company says that it is currently taking legal action against its service partner.

As a Registered Virtual Asset Provider (VASP), Delio is regulated by the country’s Financial Intelligence Unit. However, Haru Invest is not a VASP and therefore not under the jurisdiction of regulators. It was alleged that Delio’s management denied exposure to Haru Invest shortly before its decision to suspend withdrawals.