The cryptocurrency market is bustling with activity, with Bitcoin (BTC) 
$91,967 hitting record highs. Plume Coin has been a standout, capturing attention for its remarkable performance. Meanwhile, Tether is making strategic moves concerning Juventus, indicating significant developments within the crypto space. As the world focuses on macroeconomic issues, it’s a refreshing change to shift the spotlight onto intriguing happenings within the crypto domain.
The Ascent of Plume Coin
Plume Network has been striving to achieve the status of a transfer agent with the Securities and Exchange Commission (SEC) for a considerable time. The team seeks to offer infrastructure that transfers traditional financial products to the blockchain and has secured the necessary legal permissions. By concentrating on the tokenization of real-world assets (RWA), the initiative aims to introduce tokenized securities into the crypto landscape.
Nasdaq and other organizations are similarly interested in this development. The fusion of traditional finance with blockchain is perceived as the next stage in financial evolution. Tokenization is anticipated to develop into a market worth nearly $3 trillion within a few years.
A transfer agent license permits the management of shareholder records and legal responsibility for asset transactions.
Following the announcement, Plume experienced an approximately 30% increase, retaining a substantial portion of its gains. Depending on its forthcoming steps and success, prices exceeding $1 may be observed. For now, the news-triggered surge has calmed.
Tether’s Ambition in Juventus
Tether plans to present its board of directors candidate list for the Italian giant’s management at the upcoming annual shareholders’ meeting next month. Having acquired 10.7% of the team’s shares, Tether is making significant moves. Exor, the Agnelli family’s investment company, owns 65% of the club, with Tether holding a significant portion as the second-largest shareholder in the crypto realm.
The company is actively seeking investments, and if it meets its targeted valuation, it could possess over $500 billion in value, placing it in the same segment as giants like Tesla and OpenAI.
Moreover, Tether will participate in Juventus’ $129 million capital increase tour, demonstrating its efforts to increase crypto visibility in the real world. The company is also expanding its business scope to fortify its influence in sectors beyond cryptocurrency.
BTC reached a daily peak of $126,199, and as of writing, ETH is above $4,700.
