WAO ART #441

Australia is preparing to launch Bitcoin exchange-traded funds (ETFs). ASX Ltd, the country's primary equity exchange, is expected to approve the launch. Notable players like Van Eck Associates Corp. and BetaShares Holdings Pty are planning to introduce ETFs in Australia.

South Africa's crypto regulation remains strong despite political uncertainty. Independent regulatory bodies drive the robust crypto regulation in the country. South Africa's licensing regime positions it as a leader in African crypto regulation.

A new bill in the US aims to regulate stablecoins and strengthen the dominance of the US dollar. Stablecoins are cryptocurrencies pegged to a stable asset, usually a fiat currency like the US dollar. The bill aims to prevent the use of stablecoins for sanction evasion and illicit activities.

Japanese Yen surges against US Dollar, reaching highest level since October 1986. JPY's recovery seen as potential government intervention, with Japanese banks aggressively selling USD. US Dollar weakens, impacting stock markets positively.

Grayscale's outflows have slowed as investor interest in altcoins like Solana and Polkadot rises. Bitcoin and Ethereum saw over $450 million worth of outflows combined last week. Inflows into the Newborn Nine ETFs fell by more than 50% to $126 million from $254 million.

ETC Group has launched a bitcoin exchange traded product (ETP) for long term investors. The ETP tracks the institutional-grade Bitcoin price benchmark by CF Benchmarks. It provides primary market liquidity and bridges US, European, and Asian spot BTC liquidity.

BRICS countries (Brazil, Russia, India, China, South Africa) are moving away from the US dollar in global trade. China and Russia signed a $260 billion trade deal using their local currencies, the Chinese Yuan and the Russian Ruble. The deal covers 95% in Yuan and 5% in Ruble and Euros.