# GoodNewsForAdoption

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Abu Dhabi Financial Center partners with Solana to advance the development of distributed ledger technology.🚀
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NewNamevip:
Thank you!
Japan is seeking to relax its venture capital (VC) crypto investment rules, allowing VCs to invest in Web3 startups that only issue cryptocurrencies.🇯🇵
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Trading volumes have exploded after the successful launch of the Bitcoin ETF products. Retail trading activity has increased from less than $1bn to $16bn. Meme-coin @Shibtoken was the most traded coin with a volume of $3.6bn.
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Argentine officials of the CNV, the country’s equivalent to the U.S. SEC, and Salvadoran officials of the CNAD, the National Commission for Digital Assets, met on May 23 to discuss bitcoin regulation and adoption issues. This meeting was the second between these two institutions and hints at a possible regulation agreement between the two countries.
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NewNamevip:
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Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto in different ways and that Argentine companies are using cryptocurrency to protect from crippling inflation numbers.
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Ripple has partnered with Clear Junction, a global leader in cross-border payment solutions for regulated institutions, to enhance cross-border payments, enabling instant and secure GBP and EUR payouts, with more currencies to follow. Ripple Payments provides faster, cheaper cross-border payment infrastructure, serving customers in over 55 countries. Clear Junction, established in 2016, offers multi-currency payment accounts and virtual IBANs, facilitating client access to new markets and technologies. Dima Kats, Founder and CEO of Clear Junction, stated, “Blockchain technology and cryptocurre
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The world of finance is standing on the brink of a transformative era driven by the rising prominence of tokenized assets. According to a recent McKinsey & Company report, tokenization—the process of converting assets into digital tokens on a blockchain—has reached a tipping point, setting the stage for at-scale implementations that promise enhanced liquidity, operational efficiencies, and new avenues for revenue generation.
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Recent data from Cryptoquant researchers indicate that bitcoin demand growth continues to show signs of weakness. Despite this, the report notes that long-term holders have been accumulating bitcoin at unprecedented levels, providing some resilience to the market.
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MetaMask, the leading Ethereum wallet, is reportedly testing a novel cryptocurrency payment card in collaboration with Mastercard. This first-of-its-kind initiative aims to bridge the gap between the decentralized world of Web3 and traditional finance.
According to CoinDesk, the card would operate entirely on the blockchain, issued by Baanx, and run on Mastercard's vast network. This integration unites MetaMask's 30 million-strong user base with Mastercard's global reach, allowing users to spend their crypto holdings directly at any location that accepts cards.
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This week in crypto :
1.🇪🇺EU scraps proposed $1K payment limit for self-custody crypto wallets.
2.The London Stock Exchange to launch the Bitcoin and Ethereum ETN market on May 28th.
3.📉By 3:55 p.m. on March 26, 2024, Bitcoin ETFs snap outflows streak, accumulate $15.4M.
4.Bloomberg reports that Hong Kong is expected to permit in-kind creations for spot Bitcoin ETFs .
5.SEC is attempting to classify Ether as a security.
6.Ethereum core devs launch ‘pump the gas’ effort to raise gas limit.
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