Thailand’s Securities and Exchange Commission has approved Tether’s USDT as a recognized cryptocurrency, allowing its trade on regulated exchanges. Thailand has granted regulatory approval to Tether’s ( USDT ), allowing its listing on licensed exchanges and potential use in payments, the company announced. In a March 10 press release , Tether said the approval comes as part of updated digital asset regulations set to take effect on March 16. With the approval, USDT now has access to one of Asia’s largest markets, as the country ranks among the top 20 globally in crypto adoption, with Tether’s stablecoin accounting for around 40% of trading volumes. Addressing the move, Tether chief executive Paolo Ardoino welcomed the decision, saying the firm’s priority is to “provide users in Thailand with a secure, transparent, and reliable stablecoin experience.” “We are committed to supporting the long-term success and adoption of stablecoins in Thailand and look forward to contributing to the growth of the country’s digital asset ecosystem by fostering a strong and sustainable stablecoin infrastructure.” Paolo Ardoino You might also like: Thailand unveils plan for Phuket crypto sandbox amid regional push The approval comes just a week after Tether hired a chief financial officer to address lingering audit concerns. Simon McWilliams will take on the role, aiming to drive the company toward a full financial audit, crypto.news reported earlier. The move could address ongoing scrutiny over Tether’s operations, particularly regarding the absence of a comprehensive audit. Following the 2022 crypto market crash, the crypto community pushed for greater transparency. In response, crypto exchanges began publishing proof-of-reserves reports to demonstrate they held sufficient assets. Tether, in turn, started releasing quarterly attestations verified by BDO Italy, an independent consulting firm. However, some remain skeptical, calling for a full financial audit instead of attestations. Read more: Thailand reportedly weighing bond-backed stablecoins but no official word
On March 10, COINOTAG reported that REX-Osprey has initiated the process to launch the REX-Osprey MOVE ETF by submitting a Form N-1A registration statement to the U.S. Securities and Exchange
Investment managers Rex Shares and Osprey Funds have filed to list an exchange-traded fund (ETF) tracking the price performance of Movement Networks' MOVE. The Ethereum layer-2 network's mainnet, which is built using MoveVM, is expected to launch on Monday. The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments, using a mix of direct holdings and derivatives, according to a recent filing with the U.S. Securities and Exchange Commission (SEC). Rex Shares, an ETF issuer, has in the past filed to launch funds with crypto asset manager Osprey Funds, including offerings with exposure to memecoins like TRUMP, BONK, and DOGE. The filings came after Donald Trump’s second administration started earlier this year, with the new President appointing SEC commissioner Mark Uyeda as acting SEC Chair. The regulator has since dropped a number of lawsuits and investigations into cryptocurrency firms, and has been showing a rather pro-crypto stance. It’s unclear whether the REX-Osprey MOVE ETF, or any other ETF filed by the investment managers offering cryptocurrency exposure, will be approved by the regulator. MOVE is up 5% in the last 24-hours, nearing 50 cents.
Bitcoin’s recent plunge has left market enthusiasts contemplating its next move, with analysts suggesting a possible bounce back to $87k before further declines. Despite the bearish sentiment, on-chain indicators hint
Bitcoin's RSI shows signs of potential recovery, reflecting past price patterns. A double bottom formation may indicate increased buying pressure in the market. Continue Reading: Bitcoin Shows Signs of Recovery as RSI Hits Critical Levels The post Bitcoin Shows Signs of Recovery as RSI Hits Critical Levels appeared first on COINTURK NEWS .
Strategy, formerly known as MicroStrategy, is stepping up its Bitcoin acquisition game once more. The company announced it will issue up to $21 billion in 8.00% Series A Perpetual Preferred Stock as part of its ongoing strategy to expand its Bitcoin holdings. This latest offering is designed to raise capital gradually through various market methods, … Continue reading "Strategy Launches $21B Preferred Stock Offering to Boost BTC" The post Strategy Launches $21B Preferred Stock Offering to Boost BTC appeared first on Cryptoknowmics-Crypto News and Media Platform .
Panama City, Panama, March 10th, 2025, Chainwire The initiative reaffirms Flipster’s commitment to optimizing capital allocation strategies for users Flipster , a global cryptocurrency exchange, is launching the Million-Dollar Fest , a USDT staking initiative, starting on March 17. The program features a total prize pool of 1.1 million USDT, including 100,000 USDT in position airdrops. Over a seven-day period, the initiative introduces staking multipliers, allowing participants to engage in the program while maintaining full liquidity. As market volatility continues to influence trading dynamics, traders seek strategies that balance capital efficiency with risk management. The Million-Dollar Fest introduces a structured staking initiative designed to provide participants with an opportunity to engage with their USDT holdings while maintaining liquidity. Unlike many other staking events or prize pools that impose lock-up periods, Flipster’s approach ensures seamless capital deployment, giving traders the freedom to enter or exit positions at their discretion. This initiative follows a year of rapid growth for Flipster, during which trading volume rose by 856%, and total assets on the platform increased by more than 6,000%. These milestones highlight traders' increasing demand for both market access and capital-efficient opportunities. Building on this momentum, Flipster continues to enhance its platform to meet evolving trader needs through initiatives like the Million-Dollar Fest. As a trader-first exchange, it actively evaluates market conditions and user demand to add value to users. By prioritizing flexibility, Flipster equips users with dynamic, trader-centric tools tailored to evolving market conditions—whether for active trading or yield preservation. More information on the Million-Dollar Fest and participation details can be found here . About Flipster Flipster is a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to digital assets. Offering over 340 trading pairs across spot and futures markets—with up to 100x leverage and zero trading fees—Flipster equips traders with the tools to execute strategies efficiently. Beyond trading, Flipster provides users with access to capital-efficient opportunities, including earning programs , and token airdrops. Built on a foundation of security, transparency, and user-first innovation, Flipster aims to offer a seamless trading experience for users engaging with digital assets in dynamic market conditions. Over the past year, Flipster has experienced rapid growth , with trading volume surging by 856% and total assets on the platform increasing by more than 6,000%, solidifying its position as a leading derivatives exchange. To learn more, users can visit flipster.io or follow X . ContactPresspr@flipster.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Panama City, Panama, March 10th, 2025, Chainwire The initiative reaffirms Flipster’s commitment to optimizing capital allocation strategies for users Flipster , a global cryptocurrency exchange, is launching the Million-Dollar Fest , a USDT staking initiative, starting on March 17. The program features a total prize pool of 1.1 million USDT, including 100,000 USDT in position airdrops. Over a seven-day period, the initiative introduces staking multipliers, allowing participants to engage in the program while maintaining full liquidity. As market volatility continues to influence trading dynamics, traders seek strategies that balance capital efficiency with risk management. The Million-Dollar Fest introduces a structured staking initiative designed to provide participants with an opportunity to engage with their USDT holdings while maintaining liquidity. Unlike many other staking events or prize pools that impose lock-up periods, Flipster’s approach ensures seamless capital deployment, giving traders the freedom to enter or exit positions at their discretion. This initiative follows a year of rapid growth for Flipster, during which trading volume rose by 856%, and total assets on the platform increased by more than 6,000%. These milestones highlight traders’ increasing demand for both market access and capital-efficient opportunities. Building on this momentum, Flipster continues to enhance its platform to meet evolving trader needs through initiatives like the Million-Dollar Fest. As a trader-first exchange, it actively evaluates market conditions and user demand to add value to users. By prioritizing flexibility, Flipster equips users with dynamic, trader-centric tools tailored to evolving market conditions—whether for active trading or yield preservation. More information on the Million-Dollar Fest and participation details can be found here . About Flipster Flipster is a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to digital assets. Offering over 340 trading pairs across spot and futures markets—with up to 100x leverage and zero trading fees—Flipster equips traders with the tools to execute strategies efficiently. Beyond trading, Flipster provides users with access to capital-efficient opportunities, including earning programs , and token airdrops. Built on a foundation of security, transparency, and user-first innovation, Flipster aims to offer a seamless trading experience for users engaging with digital assets in dynamic market conditions. Over the past year, Flipster has experienced rapid growth , with trading volume surging by 856% and total assets on the platform increasing by more than 6,000%, solidifying its position as a leading derivatives exchange. To learn more, users can visit flipster.io or follow X . Contact Press pr@flipster.io
Thailand’s financial regulator the Securities and Exchange Commission (SEC) is expanding its list of approved cryptocurrencies with the two largest stablecoins, Tether's USDT and Circle's USDC as trading pairs on digital asset exchanges. Previously, only bitcoin (BTC), ethereum (ETH), XRP, stellar (XLM), and certain tokens used in the Bank of Thailand’s settlement system were approved by the regulator. The move comes after a public consultation in February, during which most respondents backed the proposal. The new rules from the will take effect on March 16. By recognizing USDT and USDC, Thailand is aligning itself with global trends where stablecoins play a key role in crypto trading and payments. Stablecoins are one of the fastest-growing sectors of crypto, driven by demand in developing regions such as Southeast Asia, Africa and Latin America. USDT has a $142 billion market capitalization, followed by USDC with its $58 billion market cap.USDT issuer Tether said on Monday that the approval paves the way for broader acceptance of its token in Thailand’s financial sector.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Panama City, Panama, March 10th, 2025, Chainwire The initiative reaffirms Flipster’s commitment to optimizing capital allocation strategies for users Flipster , a global cryptocurrency exchange, is launching the Million-Dollar Fest , a USDT staking initiative, starting on March 17. The program features a total prize pool of 1.1 million USDT, including 100,000 USDT in position airdrops. Over a seven-day period, the initiative introduces staking multipliers, allowing participants to engage in the program while maintaining full liquidity. As market volatility continues to influence trading dynamics, traders seek strategies that balance capital efficiency with risk management. The Million-Dollar Fest introduces a structured staking initiative designed to provide participants with an opportunity to engage with their USDT holdings while maintaining liquidity. Unlike many other staking events or prize pools that impose lock-up periods, Flipster’s approach ensures seamless capital deployment, giving traders the freedom to enter or exit positions at their discretion. This initiative follows a year of rapid growth for Flipster, during which trading volume rose by 856%, and total assets on the platform increased by more than 6,000%. These milestones highlight traders’ increasing demand for both market access and capital-efficient opportunities. Building on this momentum, Flipster continues to enhance its platform to meet evolving trader needs through initiatives like the Million-Dollar Fest. As a trader-first exchange, it actively evaluates market conditions and user demand to add value to users. By prioritizing flexibility, Flipster equips users with dynamic, trader-centric tools tailored to evolving market conditions—whether for active trading or yield preservation. More information on the Million-Dollar Fest and participation details can be found here . About Flipster Flipster is a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to digital assets. Offering over 340 trading pairs across spot and futures markets—with up to 100x leverage and zero trading fees—Flipster equips traders with the tools to execute strategies efficiently. Beyond trading, Flipster provides users with access to capital-efficient opportunities, including earning programs , and token airdrops. Built on a foundation of security, transparency, and user-first innovation, Flipster aims to offer a seamless trading experience for users engaging with digital assets in dynamic market conditions. Over the past year, Flipster has experienced rapid growth , with trading volume surging by 856% and total assets on the platform increasing by more than 6,000%, solidifying its position as a leading derivatives exchange. To learn more, users can visit flipster.io or follow X . Contact Press pr@flipster.io