Stablecoins
Regulation
Trump appoints crypto advocate Caroline Pham as CFTC acting chair
Pham previously suggested creating a regulatory sandbox to foster blockchain industry growth in the US.
TradFi
Wintermute reports 240% surge in institutional crypto trading via OTC in 2024
The crypto firm also highlighted a preference for memecoins by traditional financial institutions.
Governance
Multichain Capital introduces proposal to slash SOL inflation to 1.5%
The authors suggest a mechanism regulated by the stake participation to adjust the SOL inflation to a yearly stable level of 1.5%.
Crypto
Bitcoin reclaims $105,000, while memecoins outperform market average
Memecoins soared 10% in the past 24 hours, surpassing the market average of 5.7%.
Legislation
Wyoming and Massachusetts introduce legislation to allow state investments in Bitcoin
The bills mention Bitcoin loans and investment of up to 10% of the state fund in BTC.
Legal
SEC fines DCG $38M over alleged investor fraud, sanctions Genesis CEO for negligence
DCG and Genesis' former CEO Michael Moro were charged for allegedly misleading investors.
Legal
Crypto developer sues DOJ over Biden-era regulatory crackdown
The lawsuit claims tackle the same reasons that motivated enforcement actions against Tornado Cash and Samourai Wallet developers.
Exchanges
Coinbase partners with Morpho to introduce Bitcoin-backed loans on Base
Users can borrow up to $100,000 in USDC through Morpho multichain money market using their Bitcoin holdings.
Politics
Senator Lummis urges halt to Silk Road Bitcoin sale, demands FDIC accountability on crypto records
In two separate letters, Cynthia Lummis expressed concerns over how US authorities are handling matters related to crypto.
ETF
Analysts believe spot Litecoin ETF likely to be the first altcoin approval as Nasdaq files listing application
Eric Balchunas said spot Litecoin ETFs are likely to be the first altcoin-related approval this year and predicted a wave of approvals following it.
Stablecoins
Tether partners with LayerZero to launch cross-chain stablecoin USDT0
The new stablecoin is available on Kraken's layer-2 blockchain Ink, and is set to be deployed on Berachain and MegaETH.
Analysis
Bitcoin investor stress levels remained moderate despite correction from all-time highs
Glassnode report reveals reduced investor stress in maturing Bitcoin market despite significant correction from all-time highs.
