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Gate US, the U.S. operation of global crypto exchange Gate Group, has officially launched spot trading for U.S. customers, the company revealed in an Aug. 1 press release . The Seychelles-based exchange, which facilitates up to $6.8 billion in daily trading volume, is initially offering crypto-to-crypto pairs, with fiat ramps and custodial wallets coming later this year. Gate Group founder, Dr. Lin Han, called the launch a “milestone” for the company’s global compliance strategy. But the move is made at a time when there remains tenuous public faith in crypto. Breaking Through America’s Crypto Skepticism The release timing is newsworthy in that it coincides with Gallup poll results where 95% of Americans are aware of cryptocurrency but just 35% report knowing what it is. More telling: 87% still see crypto as an investment asset, and 14% adoption rates are stuck, mostly among young, high-income men. This data places emphasis on the challenge for Gate US. Besides technology infrastructure and regulatory compliance, the exchange must overcome skepticism and confusion by the general public. Betting on Compliance and Local Integration Gate US is moving into an extremely regulated space with a compliance-driven and local integration approach. The company aims to win over tentative users and regulators by embedding U.S. financial institutions, adding fiat onramps, and offering secure custodial services. “We are firmly convinced that the future of the crypto market is in vast integration with domestic markets,” Han explained. “Gate Group is forging ahead towards an accepted global crypto service network—technology-centered and user-centric.” Education and Partnerships as Key Differentiators To address the knowledge gap revealed by Gallup, Gate US will spend on educational campaigns and talk to U.S.-based financial institutions. But as history shows, public education on crypto has been little short of futile, and the majority of Americans still prefer to avoid digital assets altogether. Competing in a Crowded and Wary Market Gate US is not alone in aiming for the American market. OKX returned in April following a massive settlement with the Department of Justice, and Binance.US is attempting to stage a return. They’re all aiming for a share of the $750 billion in U.S. crypto inflows that flowed last year, even though 60% of Americans don’t want to own digital assets. For Gate US, the real challenge is not gaining market share among existing traders but shifting the popular perception. As long as the general public perceives crypto as something more than a speculative bet, even the most compliant exchanges will struggle to achieve mass adoption.
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U.S. Crypto ETFs saw $12.8 billion inflows, surpassing Vanguard S&P 500 ETF. Continue Reading: Crypto ETFs Surpass VOO and Spark New Investment Trends The post Crypto ETFs Surpass VOO and Spark New Investment Trends appeared first on COINTURK NEWS .
The native token of the Pi Network, PI, experienced a sharp decline, dropping from a high of nearly $0.46 on July 28 to just under $0.35 by Aug. 2. Token Holders Express Disappointment The native token of the Pi Network, PI, tumbled on Aug. 2 after the decentralized platform announced that “pioneers” had an option
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American companies are pushing into Europe this year to borrow at lower costs, putting less weight on the U.S. credit market. That’s based on reporting from Bloomberg, which shows a wave of euro-denominated bond deals from big U.S. names as they take advantage of lower interest rates across the Atlantic. This week, Verizon Communications Inc. sold €2 billion (or $2.31 billion) worth of debt in Europe, its first bond deal there since early 2024. That followed July transactions by FedEx Corp. and PepsiCo Inc., which both returned to the euro market for the first time since 2021. These aren’t isolated. As of now, U.S. companies have raised €116.3 billion (roughly $134 billion) in Europe. That’s just €4.4 billion short of a full-year record, with five months still left in 2025. Companies target ECB’s lower rates while Fed holds back Some firms, like FedEx and PepsiCo, are refinancing maturing euro bonds. But overall issuance is higher because of one thing: the European Central Bank is already cutting rates, while the Federal Reserve hasn’t lowered a single one since December. “From an issuer’s point of view, it’s less expensive to borrow in euros,” said Gordon Shannon, portfolio manager at TwentyFour Asset Management. The interest rate outlook in the U.S. has turned blurry. Job growth slowed sharply over the last three months, and the unemployment rate climbed, giving the Fed more space to start easing. U.S. Treasury yields dropped slightly after the labor data came out Friday, but they’re still near early July levels. That’s not enough of a dip to change the fact: Europe remains the cheaper place to borrow. For companies that hedge currency risk, this cost advantage might narrow soon, but right now, the savings are real. Foreign investors drop U.S. bonds as tariff tensions grow Hans Mikkelsen, U.S. credit strategist at TD Securities, said the trend is likely to stick around. With President Trump’s White House announcing new tariffs just this week, foreign investors have another reason to avoid U.S. corporate bonds. “There will be less demand for U.S. corporate bonds and more demand for non-U.S. corporate bonds,” Hans said. “U.S. companies will have the same issuance needs. So they have to realize that they have to fund themselves more in other currencies.” The shift isn’t just one-sided. In July, U.S. companies issued $9 billion of euro debt, way above the average $3 billion for the month in the past three years. At the same time, European companies only borrowed a little over $2 billion in U.S. dollars, down sharply from their usual $13 billion monthly average. That imbalance is part of why U.S. dollar bond sales missed expectations in July. Wall Street dealers had forecast $100 billion in sales. Actual volume came in closer to $81 billion, Bloomberg data shows. That miss is directly tied to the rush into Europe and the pullback from overseas borrowers in the U.S. market. Still, the shift is helping U.S. bond valuations stay strong. For much of the past week, spreads on high-grade U.S. corporate bonds were at their tightest level of 2025, just 0.76 percentage points as of Thursday. That’s despite the pressures from economic uncertainty and foreign investor fatigue. The picture becomes clearer when looking at the overall supply. “If you take this overarching trend of net supply being down, banks issuing less because of regulatory reform expectations as was the case this past quarter and more U.S. companies are issuing in Europe, all that does is further reinforce the positive technicals in the U.S. market,” said John Servidea, global co-head of investment-grade finance at JPMorgan Chase & Co. So far, every factor, from rate policy to global tariffs, is pushing American companies to turn to Europe for cheaper funding. Whether they’re refinancing old debt or meeting new funding needs, the euro bond market is where the money is right now. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Crimes involving cryptocurrency are worryingly on the rise, becoming ever more aggressive and, as in this case, quite shocking. Regardless of whether alleged or not, this is the harsh reality we are currently facing in this day and age. Pleading Not Guilty According to a story from Fox News, two culprits are accused of torturing an Italian millionaire in his apartment in New York, reportedly over a stash of $100 million in Bitcoin, and one of them was released after spending two months in the Rikers Island prison. The discharged is John Woeltz, 37, on the condition of a $1 million parole, with the release coming a week after a Manhattan judge granted bond for him and an alleged accomplice, William Duplessie, aged 33. Both have pleaded not guilty, and the latter has remained in custody. The duo is accused of kidnapping and tormenting Italian crypto trader Michael Valentino Teofrasto Carturan. The defense attorneys on the case stated that the alleged torture very closely resembled a “fraternity-like rite of passage.” Woeltz’s attorney, Wayne Gosnell, noted the following in a previous hearing: “Mr. Carturan was there in the role of a pledge, he was essentially being hazed.” The alleged torturer, who was released and is also involved in cryptocurrency trading, evaded questions about whether he actually carried out the claims against him, and how he felt to be freed from custody as he was walking out of the Supreme Court building in Manhattan. As a condition to his release, the sum of which, reportedly, was a combination of cash and property put up by his father, he is subject to home arrest with an electronic monitoring bracelet. He will only be allowed to leave the premises of his home for doctor’s appointments, meetings with lawyers, or in the event of an emergency. Violent and Graphic Prosecutors stated in court that the duo kidnapped Carturan and tortured him for over three weeks, supposedly relieving him of his phone and passport. The attorneys further note that both Duplessie and Woeltz reportedly had a manifesto prepared with how they plan to steal the prisoners’ cryptocurrency. “Informant further states that the defendant and unapprehended male demanded that Informant provide the defendant with Informant’s wallet password so that the defendant and unapprehended male could take Informant’s Bitcoin,” a criminal complaint states. When the victim refused to provide the password to his crypto holdings, the two detainees allegedly subjected him to “physical beatings, in addition to, but not excluding, using electric shock, lacerating his head with blunt force from a firearm, and pointing said firearm at the Informant’s head several times. Further, the captive was dragged to the top of a flight of stairs, hanged over the ledge, and threatened with losing his life.” The authorities further added that there were threats against the 28-year-old hostage’s family in Italy, while he was, supposedly, humiliated by having people urinate on him and by Woeltz forcing him to take drugs. Both defendants are due to appear in court on October 15th. The post Alleged Bitcoin Torture Suspect Freed on $1M Bail After 2 Months in Custody appeared first on CryptoPotato .
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