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BlackRock is in talks with major crypto exchanges to position its BUIDL token as a secure collateral option in derivatives trading, challenging established players like Tether. With its backing by traditional assets, BUIDL could reshape the landscape for institutional traders.

Deribit has launched Bitcoin and Ether options tied to the 2024 U.S. elections, providing traders with tools to hedge against election-induced volatility. This move also marks Deribit's strategic expansion into Dubai, enhancing its global presence.

Amidst heightened geopolitical tensions following an incident involving Donald Trump, Bitcoin surged above $62,000, solidifying its role as a safe haven asset. Concurrently, altcoins like Ethereum, Cardano, and Solana experienced significant gains, reflecting investor diversification in the volatile cryptocurrency market.

Standard Chartered has announced the launch of a spot trading desk for Bitcoin and Ethereum to cater to the rising demand from institutional investors for secure and regulated access to digital assets. This initiative marks a significant step in integrating traditional finance with the expanding crypto market.

Tether has launched aUSD₮, a stablecoin backed by gold stored in Swiss vaults, offering a secure and transparent investment option. This move aims to enhance Tether's stablecoin offerings and meet investor demand for asset-backed digital currencies.