Day: March 4, 2026

Binance doubles down on APAC, plans 5 new licenses this year to expand global footprint

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Binance is looking to deepen its presence in the Asia-Pacific region. SB Seker, the company’s regional head, told Nikkei Asia that they plan to obtain five additional licenses in Asia this year, which would bring its global regulatory footprint to more than 20 jurisdictions. The largest crypto exchange by trading volume currently holds approvals in Australia, India, Indonesia, Japan, New Zealand, and Thailand across the Asia-Pacific region. South Korea is expected to join that list once the firm completes its acquisition of local exchange Gopax. Seker, who joined the firm…

ARK Invest loads up Robinhood stock ahead of its “Take Flight” event

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ARK Invest, Cathie Wood’s investment firm focused on disruptive technology sectors, acquired 158,587 shares of Robinhood (HOOD) on Tuesday ahead of the brokerage’s “Take Flight” event scheduled to take place tomorrow at 7:30 PM ET. Apart from HOOD, ARK Invest also accumulated shares of Coinbase, CoreWeave, Tesla, and Alibaba. Take Flight is Robinhood’s flagship event, concentrated on the company’s next phase of growth and product expansion. It will be held live at the TWA Hotel at JFK Airport and feature keynotes from Robinhood CEO Vlad Tenev as well as other…

Digital Finance Could Deliver $17 Billion Annual Boost for Australia

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Australia could unlock 24 billion Australian dollars ($17 billion) annually from advances in tokenized markets and digital assets, but only if lawmakers start moving forward with regulation, according to a new report from a local fintech research group. In a report titled “Unlocking Australia’s $24b Digital Finance Opportunity,” which was published on Monday, the Digital Finance Cooperative Research Centre (DFCRC) said regulatory uncertainty, coordination challenges and limited pathways for pilot projects to grow are the biggest constraints facing the industry.  One way to address the shortcomings would be to establish…

Trump pressures banks to make deal with crypto firms over market structure bill

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President Donald Trump has urged major banks to halt efforts he says are weakening the digital asset industry and instead to work with crypto firms to advance key market structure legislation, the CLARITY Act. In a statement on Truth Social on Tuesday, the US commander-in-chief asserted that the US must move quickly to secure its position in the global crypto race and that market structure reform is essential to provide clarity for companies and investors while keeping the industry anchored in America. This is viewed as the toughest intervention so…

Trump Hits Out at Banks Over Stalled Crypto Bill

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US President Donald Trump has taken a shot at banks for stalling the crypto market structure bill from advancing in the Senate over stablecoin yield payments. “The Genius Act is being threatened and undermined by the Banks, and that is unacceptable — We are not going to allow it,” Trump posted on his Truth Social platform on Tuesday, mentioning the GENIUS Act that Congress passed in July to regulate stablecoins. “The U.S. needs to get Market Structure done, ASAP,” he added. “The Banks are hitting record profits, and we are…

Ray Dalio Warns Against Bitcoin as a Safe Haven

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Billionaire investor Ray Dalio has warned against Bitcoin as a long-term store of value and safe-haven asset, arguing that it has little central bank support and has lingering concerns over its privacy limitations and quantum resistance. Dalio dismissed the idea that Bitcoin (BTC) can function as a digital gold, telling the All-In Podcast on Tuesday that “there is only one gold.” “Gold is not a precious metal that’s speculated on,” Dalio said, adding it is the “most established money” that is the second-largest reserve currency held by central banks. Dalio…