On July 2nd, Tether signed a memorandum of understanding with crypto asset strategy firm BTguru to evaluate digital asset education initiatives in Turkey. The memorandum of understanding signed with BTguru aims to evaluate the development of a comprehensive plan, introduce the benefits of blockchain and peer-to-peer technology to private and public stakeholders, and leverage BTguru's connections to facilitate discussions with the Financial Institutions Group of Turkey. In addition, the two sides...
Sean Farrell, head of digital asset strategy at Fundstrat, said in a report that expectations for ETH spot ETFs were overly pessimistic. Hedge funds pursuing so-called foundational trades - designed to exploit the difference between the spot and futures markets - will drive ETFs.