Crypto
Politics
Trump reaffirms pledge to end Biden’s ‘war on crypto’ at Wisconsin rally
The statement marks Trump's latest support for the crypto sector.
ETF
Pantera may invest $100 million in Bitwise spot Ethereum ETF, optimistic toward all funds
Pantera could potentially invest $100 million in Bitwise's spot Ethereum ETF driven by the firm's growing optimism in the digital asset.
Regulation
SEC concerns over USDC may complicate Circle’s IPO plans – Barron’s
The agency also considered whether Circle is an investment company.
Exchanges
Brazil’s tax department to begin collecting information from foreign crypto exchanges
The Special Department of Federal Revenue will soon issue a summons.
Mining
US-listed Bitcoin miners hit record $22.8 billion market cap amid stock surge
According to a recent analysis by JP Morgan, the growth is driven by an increase in network hashrate share and diversification into artificial intelligence (AI) data center ventures.
Mining
Germany’s Deutsche Telekom looking to mine Bitcoin, Chinese telecom Coolpad adds hashrate
Two telecom firms are involved in crypto mining.
Regulation
SEC head of crypto asset enforcement David Hirsch exits agency
Hirsch led the SEC's Crypto Asset and Cyber Unit in the Division of Enforcement starting in October 2022, during which the agency undertook at least 45 crypto cases.
Tokenization
SEC commissioner Uyeda acknowledges benefits of securities tokenization
Uyeda said that other efforts, including in the UK, can provide direction to regulators.
AI
Meta pauses European AI assistant launch due to regulatory objections
The Irish DPC has asked the firm to pause LLM training on EU users.
Legal
NYAG completes settlement with Gemini over Earn program, recovers remaining $50 million for impacted users
Gemini will make the final distribution of customer assets available within seven days.
Regulation
Coinbase derides SEC’s $2.6 billion budget request; American Securities Association calls for lower amount
Both entities criticized shortcomings in the SEC's operations.
AI
Tesla investors sue Elon Musk for allegedly moving talent, resources to xAI
According to the filing, Musk's actions have created hundreds of billions of dollars of value for xAI at a substantial cost for Tesla.