Episode 483
Tether made an unsolicited bid to acquire a majority stake in Latin American agricultural commodities producer firm Adecoagro for $12.41 per share.
The bid aims to increase Tether's stake in the company from 19.4% to 51%, expanding its investments beyond its core crypto business and into the agricultural sector.
Adecoagro's board is reviewing the offer with financial and legal advisors, and the company's shares jumped 8% premarket to $10.48 in New York following the announcement.
Coinbase has launched Solana and Hedera futures contracts for US traders, expanding its suite of products to cover more cryptocurrencies.
The exchange's derivatives arm now offers futures contracts for 19 total assets, including Dogecoin, Litecoin, and gold, and is regulated by the CFTC.
Zerocap has partnered with CoinDesk Indices to launch Australia's first options-based structured products linked to the CoinDesk 20 Index.
The new offering facilitates tailored and diversified exposure to digital assets, allowing institutions and other sophisticated market participants to take risk-managed exposure to digital assets beyond just bitcoin and ether.
