JUST IN: Ethereum is effectively deemed a Commodity, Coinbase Chief Legal Officer says.

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JUST IN: Coinbase enables Ripple $XRP trading in New York.

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A lot of people have been spreading the document that says USPS is patching unmanifested labels. While these documents are very real, it's also important to acknowledge the limitations in enforcement. The sheer volume of packages and labels processed by USPS on a daily basis makes it incredibly challenging to catch every single instance of unmanifested labels. However, as with any change, adaptation is key. If there are significant SR changes from this shift, the community will undoubtedly find ways to navigate around them. Ultimately, the effectiveness of such measures will only become evident over time. It's worth noting that UPS, even though they have the same policy around non manifested, their SR is consistently 95-97 percent from our labels. And as we approach Q3 and Q4, I expect the SR to rise higher and be around 99 percent.

So, while USPS is indeed tightening up, let's not jump to conclusions and spread unnecessary panic about the labels. It's far from over, and we'll find a way around it, just as we always have.

Thanks for reading

Website coming soon

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Al Abraj Quietly Moves Towards Bitcoin Adoption in Bahrain

In a development that reflects changing financial trends in the Middle East, Al Abraj Restaurants Group, a company listed on the Bahrain Bourse, has reportedly added Bitcoin to its balance sheet. This signals that the Bahraini corporate sector is starting to consider cryptocurrencies as a potential asset class. Al Abraj made this news public on their official X account.

Al Abraj Partners with 10X Capital to Invest in BitcoinThe firm revealed on May 15 that it had formed a strategic alliance with 10X Capital, a well-regarded company in the United States celebrated for its expertise in the field of digital currencies. Al Abraj has entered into a relationship with 10X Capital to invest part of its treasury in Bitcoin. They have started with five Bitcoins and plan to steadily build their investment in the digital asset.

Despite receiving little attention, the move is seen as a first in Bahrain and the region for a listed company to adopt Bitcoin for treasury purposes. This is similar to the approach established by other major companies around the world that have adopted Bitcoin in managing their treasury.

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