Stablecoins
Deals
Ripple’s reported $5 billion offer for Circle rejected as too low
Sources say Ripple did not rule out making another approach but is undecided at this stage.
Regulation
Solana Policy Institute, Superstate, and Orca seek SEC approval for securities trading on public blockchains
The initiative would allow US entities to issue securities on public blockchain networks and permit investors to trade those securities through compliant interfaces.
Legal
Coinbase urges Supreme Court to block IRS crypto data grab to preserve constitutional privacy
Coinbase filed an amicus brief opposing bulk data collection without cause, warning about an overreach by the IRS.
Payments
Visa launches stablecoin-powered payment cards in Latin America
Visa’s move comes just two days after Mastercard announced a wide-ranging stablecoin payments initiative on April 28.
ETF
SEC delays 5 crypto ETFs, analysts expect final rulings by October
Eric Balchunas and James Seyffart deemed the delays as expected, with SEC taking up to the last deadline to approve most altcoin-related ETFs.
Regulation
Stablecoin, crypto market structure legislation slated for approval by August – Bo Hines
Bo Hines also highlighted a three-phase policy roadmap consisting off reversing rules hostile to crypto, approving new legislation, and implementing it.
Regulation
UK moves to regulate crypto services such as staking, stablecoins
The draft reveals changes for custody, staking, and stablecoin issuance. The publication of the final text is expected to July 15.
Layer-2
Base becomes 10th L2 network to reach at least Stage 1 decentralization
The introduction of a Security Council and fault proofs granted the decentralization milestone to Base, according to a blog post.
Mining
Bitcoin mining pushes sustainability agenda with over 50% of energy generated from renewables
Despite the increase in annual electricity consumption, hydropower and wind accounted for over half of the amount of the electricity in the last year.
Derivatives
ProShares XRP futures ETFs will not launch on April 30 – Bloomberg
According to James Seyffart, despite SEC's approval, the ETFs will launch on the short or medium term instead of April 30.
Analysis
Fidelity sees Bitcoin stability and Ethereum opportunity in Q2 outlook
Fidelity assessed Bitcoin short and medium term as neutral and positive, respectively, while Ethereum's are negative and neutral.
Governance
Ethereum Foundation introduces new leadership model based on management team, board of directors
The EF officially nominated Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors and members of the board.
