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Ironlight, helmed by the former global head of trading of Schroeder and Abu Dhabi's sovereign wealth fund ADIA with the ex-CEO of TD Bank as an adviser, aims to be a premier tokenization, listing and trading ecosystem for real-world assets targeting

Observers said BITO will remain an integral part of the market as a hedging instrument for authorized participants associated with the recently launched spot ETFs.

U.S. Treasury Secretary Janet Yellen is set to tell Congress that the crypto industry poses several potential hazards to the financial system, including the dangers of stablecoins, runs on crypto platforms and volatile prices, according to a brief

"A federal regulator should have the ability to decide if a stablecoin issuer should be barred from issuing such an asset," she told lawmakers on Tuesday.

The T3 Financial Crime Unit (T3 FCU) is looking to clean up USDT issued on Tron, a blockchain favored by bad actors.

TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours.

Meanwhile, there's a prediction market on whether the U.K. newspaper The Guardian will correct an article about prediction markets.

Other election contracts show a 35% chance of a Republican sweep of the presidency and both houses of Congress and a 27% chance Democrats control the Senate after the election.

The likely GOP flag-bearer in the upcoming U.S. presidential election signaled his friendliness to crypto at a campaign fundraiser two weeks ago.

Former president reportedly bought burgers using bitcoin at the crypto-themed bar.