Stablecoins
Crypto
Maryland, Iowa, and Kentucky propose legislation to establish Bitcoin reserves
The number of US states with Bitcoin reserve bills officially introduced totals 17.
Regulation
CFTC launches pilot program for tokenized stablecoin collateral
The program is aligned with acting chairman Pham's vision of regulatory sandboxes as crypto industry boosters.
Exchanges
Winklevoss-owned Gemini considering going public as regulatory tides shift
Bloomberg analyst James Seyffart stated that more crypto-related IPOs are likely to happen in the next couple of years.
ETF
SEC acknowledgment boosts chances for spot Litecoin ETF, in-kind redemptions for Bitcoin ETF
Analysts see the acknowledgment by the regulator as an important step for an ETF filing approval.
Legal
Dutch court releases Tornado Cash co-founder to electronic monitoring, TORN rallies
Alexey Pertsev will be able to formulate his appeal out of Dutch authorities' custody.
Deals
Telegram’s exclusivity deal with TON sparks developer backlash
The exclusivity of TON for Mini Apps risks leaving the network in irrelevancy, according to Grindery's founder.
ETF
Trump Media unveils Bitcoin ETF amid financial services expansion
The Trump-owned company announced a suit of products, with a Bitcoin ETF among them.
Crypto
Analyst sets $95,000 ceiling for Bitcoin fair value amid declining network activity
The report attributes the falling network activity to the declining popularity of the Runes protocol.
Analysis
VanEck forecasts 3% market cap growth for Solana, $520 price by 2025-end
Solana's validator revenue could grow 56% with protocol enhancements, such as the implementation of the validator client Firedancer.
Crypto
MicroStrategy rebrands to Strategy, reinforces Bitcoin Treasury focus
The company made a harder push to tie its image to Bitcoin.
Regulation
FDIC to update crypto banking guidelines, releases documents on pause letters
Banks are seeking permission to issue tokenized deposits to compete with stablecoins as the regulator looks to provide clarity.
ETF
BlackRock to launch new Bitcoin ETP for European market
The fund would be based on Switzerland, and is unlikely to be an IBIT wrapper.
