Like Bitcoin, ethereum And other cryptocurrencies are getting increasing attention from investors, Wall Street and its traditional banks continue to adapt to the shift. Keep up on the best stories this week highlighting the intersection of the old guard finance areas and this new school with this repetition drawn up by the flight.
Boost Transparency Exchange: In a major movement toward transparency, the crypto Exchange Bitget recently released his June-of-watch report. The audit reveals that the company has 199% of all customer funds, which means for every dollar user has on the platform, Bitget holds nearly two dollars. This includes a stunning 429% reserve ratio for Bitcoin (BTC). The long -standing BTCC exchange also released its data, showing a healthy total backup ratio of 135%. This industry-led push for a verifiable test-of-rebellion is a direct solution to past falls, with the aim of building a more durable and reliable market for consumers.
NASDAQ partners for institutional efficiency: NASDAQ announced a major partnership with the Canton Network to upgrade its Calypso platform, a system used by the majority of the world's largest banks. This integration uses blockchain technology to solve a huge, $ 1T problem for organizations: parallel inefficiency. It will allow banks and investment companies to manage their assets and parallel in real time, twenty -four seven, across traditional and digital markets. This move, made in partnership with quantity trading companies such as QCP and Primrose Capital Management, aims to significantly accelerate institutional adoption by making digital assets compatible with strict Wall Street risk management standards, unlocking unprecedented liquidity and efficiency.
Europe develops regulatory clarity: The Simplify Labs company announced a key partnership with three major European Fintech legal companies. They aim to create a simplified one-stop shop for crypto businesses launching fully complying with European landmark markets in crypto-assets regulation, or Mica legislation. This is significant because Mica provides a clear, comprehensive legal framework for the whole European Union. By creating an already compliant toolkit, this initiative aims to make Europe one of the most attractive regions for crypto entrepreneurs and established companies, reducing regulatory barriers.