This is a bad week for crypto prices, with BTC and ETH both falling and the CoinDesk 20covering 80% of the market, losing 7% from Monday.
But less speculative -awareness has shown a lot of quantities. Stablecoins, in particular, is the name of the game this week.
The US house Introduced a stablecoin bilL, following the Senate version approved by the committee last week. Jesse Hamilton reported. Wyoming (aka “the blockchain state”) wants its own stablecoin and it’s a test The idea of Avalanche, Solana and EthereumKris Sandor reported.
World Liberty Financial (WLFI), the financial protocol supported by Donald Trump and his family, has confirmed the launch of Stablecoin (USD1) this week. And Don Trump Jr. Trumpet the news at the DC Blockchain Summit.
Meanwhile, Fidelity Investment, an early tradfi innovator in crypto, is in Advanced stages of launching its own stablecoin. The adventure is part of a approach to enter the tokenized bond market, Jamie Crawley reported.
Meanwhile, Circle, the second largest stablecoin (USDC), finally obtains a license to operate in Japan in collaboration with local Heavyweight sbi holdingsSam Reynolds reported.
In the news from our European team, Ian Allison had a scoop about Sam Altman’s World Network Holds in contacts to Visa In connection with on-chain card features in a self-custody crypto wallet.
Can Canny hear from a resource left by Sam Hill, Zodia Custody’s COO and Returning to a paper in tradfi. He was able to encourage the standard company that was back-back to confirm the move and we defeat the competition in the story.
Canny followed the next day with a story, not released elsewhere, in Wave of losses to senior staff In Crypto Prime Broker Falconx. (Blackrock, in contrast, adds talent to its Digital Assets Team in the US)
We continue to report on the approach (microstrategy), the corporate bitcoin treasury pioneer. Christine Lee had a Two Hours Interview with Executive Chairman Michael Saylor.
The approach has invested nearly $ 33 billion in Bitcoin to this day through various stock offerings, both common and preferred. And James Van Straten explained the differences Between the instruments of raising the company’s funding for bitcoin purchases. Tom Carreras followed later a good piece showing how MSTResteth Stockholders could be dangerous Saylor’s buy-bitcoin purchase approach.
Meanwhile, the SEC has continued to collapse of execution actions against crypto companies (Can’t change the latestAs Cheyenne Ligon reports). But, strangely, the one involving Unicoin remained open, much of The chagrin of the CEO.
It almost felt like a normal type of week – more increased than massive. But then the President’s own media company announced that it was launching itself The ETFs and ETPs with Crypto.com. Fortunately, crypto still has the strength to surprise.
