WAO ART

Robinhood acquires Bitstamp crypto exchange for $200 million. Bitstamp is one of the oldest cryptocurrency exchanges, launched in 2011. Robinhood's acquisition is part of its expansion into international markets. Johann Kerbrat sees the deal as a major step in growing their crypto business.

Binance Launchpool features IO.NET (IO) as its 55th project. IO.NET is a decentralized AI computing and cloud platform. Users can farm IO tokens by staking BNB and FDUSD on Binance. IO.NET aggregates GPUs to provide unlimited computing power for AI and machine learning applications.

Paxos International has launched a new stablecoin called Lift Dollar (USDL). The stablecoin will offer returns to its holders and will only be available in eligible markets. Paxos International plans to partner with other players in the crypto industry to expand the distribution of USDL.

European Central Bank lowers interest rates by 25bp. Cryptocurrency investors faced challenges in 2022 due to global interest rate hikes. The dip below the previous all-time high level of $20,000 was a first. The decline is not expected to last forever.

Eletrobras and Petrobras are driving major corporate developments in Brazil. Eletrobras plans to secure up to R$10.9 billion ($2 billion) through various funding strategies. Eletrobras is securing R$4 billion from Citibank N.A. and launching R$2 billion in commercial promissory notes.

Indonesia is considering preferential trade agreements with Rwanda and the East African Community. The intention to boost trade was expressed during a meeting between the foreign affairs ministers. Trade between Indonesia and Rwanda has been steadily recovering after the pandemic.

Australia and the United States held their third annual ministerial meeting of the Strategic Commercial Dialogue. Both countries reaffirmed their commitment to an open, stable, and prosperous Indo-Pacific region. They praised the progress made under the Indo-Pacific Economic Framework.