WAO ART #267

The Australian government is moving towards regulating cryptocurrency, particularly those involved in developing and maintaining crypto platforms. The Treasury Department has proposed requiring digital asset platforms to hold an Australian Financial Services License.

Liberty Latin America has agreed to acquire Dish Network's spectrum assets in Puerto Rico and the US Virgin Islands for $256 million. The deal will add 120,000 prepaid mobile subscribers to Liberty Latin America's Puerto Rican customer base and enhance its spectrum position in the region.

Around 400 GROK tokens were launched by anonymous developers, capitalizing on the buzz surrounding Elon Musk's AI chatbot called "Grok." These tokens achieved a market capitalization in the tens of millions of dollars. However, it's important to note that none of these tokens are officially affiliated with Musk.

Asian stocks retreated after four days of gains as China's trade data disappointed and the Reserve Bank of Australia (RBA) hiked interest rates. South Korea's KOSPI dropped 3% after a ban on short-selling was implemented, but underlying economic concerns quickly reversed gains.

Bitcoin fees have surged to an average transaction charge of $6, the highest since June, due to a surge in trading volumes of Ordinals NFTs. Nearly one million Ordinals NFTs have been minted on the bitcoin ledger in the past week, causing congestion on the blockchain and increasing gas fees.

South African financial services giant Old Mutual Wealth and Inves Capital have announced plans to financially back the ZARP stablecoin project and promote its use in decentralized finance protocols. They will inject "substantial" liquidity into the ZARP network.

Coinbase, the cryptocurrency exchange platform, has launched its 'Coinbase Ambassadors' pilot program in Italy as part of its European expansion. The program will select ambassadors to represent Coinbase at local crypto events and manage online communities.