When the U.S. stock market opened, the Dow fell 0.8%, the S&P 500 fell 0.59%, the Nasdaq fell 0.48%, Coinbase fell 1.45%, and MicroStrategy rose slightly by 0.42%.

According to Odaily, Paxos has announced its acquisition of Membrane Finance. While the specific financial details of the acquisition have not been disclosed, it is noted that the transaction is subject to regulatory approval. Upon completion, Paxos will become a fully licensed Electronic Money Institution (EMI) in Finland and the European Union. This strategic move marks a significant step for Paxos in expanding its presence and capabilities within the European financial market. By acquiring Membrane Finance, Paxos aims to enhance its service offerings and regulatory standing in the region. The acquisition aligns with Paxos's broader strategy to strengthen its position as a leading provider of financial technology solutions globally. The acquisition is expected to provide Paxos with a robust platform to offer a wider range of financial services under the stringent regulatory frameworks of Finland and the EU. This development underscores Paxos's commitment to compliance and its proactive approach to navigating the complex regulatory landscape in Europe. As the company awaits regulatory approval, the acquisition highlights the growing trend of consolidation within the financial technology sector, driven by the need for enhanced regulatory compliance and expanded market reach.

According to Arkham monitoring, 15 minutes ago, Grayscale transferred 759.99 BTC worth US$69.66 million to an unknown address.

Trader T posted on the X platform that spot Bitcoin ETF options will start trading at 22:30 today. It plans to use unilateral call options to predict the Bitcoin price in 59 days.

According to Odaily, the cryptocurrency market has witnessed a decline in Solana's (SOL) value, as it fell below the 240 USDT mark. Currently, SOL is trading at 238.96 USDT, reflecting a 24-hour decrease of 0.59%. This downturn is part of a broader trend affecting various digital currencies, as market volatility continues to influence trading activities. The recent price movement of Solana highlights the ongoing fluctuations within the cryptocurrency sector. Investors and traders are closely monitoring these changes, as they can impact investment strategies and market dynamics. The decline in SOL's value is indicative of the challenges faced by cryptocurrencies in maintaining stability amidst external economic factors and market sentiment. As the market evolves, stakeholders are advised to stay informed about the latest developments and trends. The performance of Solana and other cryptocurrencies remains a focal point for analysts and investors seeking to navigate the complexities of the digital asset landscape. The current trading environment underscores the importance of vigilance and adaptability in response to market shifts.

OKX market data shows that SOL fell below 240 USDT and is currently trading at 238.96 USDT, with a 24-hour drop of 0.59%.

Cryptocurrency exchange Gemini will expand into the French market after confirming its VASP qualification status, aiming to accelerate European expansion ahead of MiCA regulation, Cointelegraph revealed on X Platform.

The Central Bank of Brazil (BCB) has launched the second phase of the Drex Central Bank Digital Currency (CBDC) pilot, which focuses on building trade finance solutions using oracle and blockchain technology. The plan brings together Microsoft, Chainlink, and Banco Inter to collaborate and explore automated trade settlements. (Cointelegraph)

Stablecoin infrastructure platform Noble announced the completion of a $15 million Series A financing round, led by Paradigm, and other investors have not yet been disclosed. The new financing brings Noble's total financing to $18.3 million. It is reported that the platform will use the funds from this round of financing to accelerate the adoption of stablecoins by developing new user-oriented products and expanding its workforce. Currently, Noble has reached cooperation with stablecoin issuers such as Circle, Ondo Finance, Hashnote Labs and Monerium, and the platform currently manages assets of more than $458 million. (Fortune)