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Here are today’s top cryptocurrency news, picked by CoinChapter.com
Futu Securities Launches Cryptocurrency Trading
Hong Kong online brokerage Futu Securities International has
Launched Bitcoin and Ethereum trading
This makes Futu the first online brokerage to provide direct cryptocurrency access to retail investors in Hong Kong, potentially bringing new funds to the world’s two largest cryptocurrencies.
The move is in line with growing investor interest in cryptocurrencies, following the launch of the first U.S. spot Ethereum ETF on July 23. Reflecting this increased interest, Bitcoin’s open interest recently hit a record high of $39.4 billion, signaling potential price volatility ahead.
Crypto News: Ripple Invests $100 Million in Tokenizing U.S. Treasuries
Ripple plans to invest $100 million in U.S. Treasury bonds (T-bills) tokens based on the XRP Ledger. Issued by tokenization platform OpenEden, TBILL tokens will be backed by short-term U.S. Treasury bonds and secured by repurchase agreements secured by U.S. Treasury bonds.


source:
X
This is part of a broader trend towards asset tokenization, with major players like Blackstone Group entering the space. Ripple's investment is aimed at making traditional asset management and distribution more efficient on the blockchain. The XRP Ledger, an open-source blockchain that uses the cryptocurrency XRP, will facilitate these global financial transfers and currency exchanges.
US spot cryptocurrency ETFs see fund flows
U.S. spot Bitcoin ETFs recorded minimal net inflows of $299,000, while spot Ethereum ETFs experienced net outflows of $77.21 million.


US Bitcoin ETF sees $298,000 in inflows. Source:
SoSoValue
Blackrock’s IBIT and Grayscale’s Bitcoin Mini Trust were the only Bitcoin ETFs with positive inflows, while Fidelity’s FBTC saw the largest outflow of $31.57 million.
Grayscale's ETHE continues to be a major focus for Ethereum ETFs
Saw an outflow of $133.33 million
, while smaller funds like Grayscale’s Ether Mini Trust and Fidelity’s FETH attracted inflows. Bitcoin ETF volume remained steady at $13.7 billion, while Ethereum ETF volume fell slightly to $47.25 billion.
Crypto News: Telegram Launches In-App Browser and Mini-App Store
In its latest update, the instant messaging platform Telegram has
In-app browser launched
and mini-app store. The browser supports decentralized websites hosted on TON, making Web3 accessible to Telegram’s nearly 1 billion monthly active users. Users can now switch seamlessly between websites and platform messages.
The update also includes improvements to the platform's app store, such as search options and app previews. A new payment system called Stars allows users to send units to friends.
TEDA reports $5.2 billion profit in first half of 2024
Stablecoin issuer Tether Holdings Limited announced
Achieved $5.2 billion in profits in the first half of 2024
, an increase of 57% from last year. The company's reserves reached an all-time high of $97.6 billion in U.S. Treasuries, surpassing the reserves of several countries such as Germany, Australia and the UAE. TEDALE maintains $5 billion in excess reserves to ensure the stability of USDT. The company's consolidated net assets have grown to $11.9 billion, an increase of 70% since December 2023. TEDALE is now ranked third in the world in purchasing three-month U.S. Treasuries, second only to the United Kingdom and the Cayman Islands.
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