GENIUS Act Becomes Law Banks Must Adapt
Major U.S. banks are lobbying against the GENIUS Act, fearing stablecoins may disrupt their profits, despite analyses showing no significant impact on community bank deposits. #Update #Crypto $USDC
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Bitcoin Launches U.S. and Japan Subsidiaries
@Metaplanet establishes subsidiaries in Japan and the U.S., acquiring bitcoin.jp, as it expands its bitcoin operations, holding over 20,000 BTC. Stock drops 1.16%. #Update #Crypto $BTC
Ethereum Custody and Staking Launches for stETH
@HexTrust has integrated custody and staking for $stETH, enabling institutional clients to manage staking rewards securely. This move addresses operational complexities in Ethereum’s staking economy. #Update #Crypto $ETH
BNB Tests $930 Resistance as Traders React
$BNB rose 1.4% to $933.03 as large transactions broke resistance, reflecting increased market interest ahead of potential U.S. interest rate cuts. Corporate treasuries hold 828,900 BNB valued at $770M. #Update #Crypto $BNB
Clarity Act Fails Future Crypto Legislation Uncertain
The U.S. House passed the Digital Asset Market Clarity Act 308-122, while the Senate is drafting a similar bill; both aim to clarify crypto regulations and may take months to finalize. #Update #Crypto $BTC
Blockchain Specialists Raise $50M for Apollo Strategy
@Centrifuge and @Plume launch the $50M Anemoy Tokenized Apollo Diversified Credit Fund (ACRDX), offering blockchain investors access to Apollo’s credit strategy. #Update #Crypto $USDC
Sui Jumps 4% After Google Partnership
Sui ($SUI) surged nearly 4% to $3.63 after being chosen as a launch partner for Google’s Agentic Payments Protocol, with trading volume hitting 33.14 million. #Update #Crypto $SUI
Galaxy Digital Launches Tokenized Money Market Fund
@GalaxyDigital plans to launch a tokenized money-market fund on Ethereum, Solana, and Stellar, aiming for enhanced liquidity. Anchorage Digital will act as custodian. #Update #Crypto $GLXY
Ethereum Bottleneck Hits 2.5M ETH Exits
Ethereum’s validator exit queue has reached a record 2.5 million ETH, causing wait times to exceed 46 days, as stakers react to security concerns and profit-taking. #Update #Crypto $ETH
Crypto Firm Keyrock Acquires Turing Capital
@Keyrock expands into asset management by acquiring Turing Capital, launching a new division for institutional clients. The firm aims to offer comprehensive digital asset services and has applied for EU regulatory approval. #Update #Crypto $BTC $ETH
IMX AVAX HASH Rally While Bitcoin Stalls
$IMX surged 15% to a five-month high amid increased trading volume, driven by optimism in the gaming sector and a dropped SEC probe. $AVAX also rose 6%. #Update #Crypto $IMX
Stablecoins Defend Against Bank Deposit Fears
@Coinbase’s Faryar Shirzad argues stablecoins do not threaten bank deposits, countering U.S. banking claims and emphasizing their efficiency in payments over traditional banking methods. #Update #Crypto $USDT
Ethereum Treasury Surges to 2.15M Amid Worldcoin Stake Rise
BitMine Immersion Technologies (BMNR) reported $10.77 billion in crypto, cash, and equity holdings, including 2,151,676 $ETH and $569 million in cash. Its stake in Eightco rose to $214 million. #Update #Crypto $ETH
Bullish Targets $55 with U.S. Entry
@KBW initiated coverage of @Bullish (BLSH) with a market perform rating and $55 price target, citing U.S. expansion and institutional interest as growth catalysts. Shares at $51.81. #Update #Crypto $BLSH