The SEC has postponed decisions on five crypto-related ETF applications, including those from Franklin Templeton, Grayscale, and Bitwise. Bloomberg analysts James Seyffart and Eric Balchunas anticipate final rulings by October. The delays pertain to spot ETFs for Solana (SOL), XRP, Hedera (HBAR), and Dogecoin (DOGE).
US Commerce Secretary Howard Lutnick stated the US is welcoming Bitcoin businesses. In an interview, Lutnick advocated for clear regulations, energy independence for Bitcoin miners, and official acceptance of Bitcoin. This represents a potential shift in the Biden administration’s approach to cryptocurrencies, emphasizing their classification as a commodity, similar to gold, and suggesting a more favorable environment for the industry.
The US government, under the current administration, is aiming to finalize legislation concerning stablecoins and the overall crypto market structure by August 2025. Bo Hines, executive director of the President’s Council of Advisors on Digital Assets, revealed a three-phase policy roadmap and discussed strategic initiatives in a recent interview. The goal is to provide regulatory clarity and framework for digital assets.
The Base layer-2 blockchain has achieved Stage 1 decentralization, becoming the tenth L2 network to do so. This milestone was reached through the implementation of fault proofs and a decentralized Security Council. Fault proofs enable anyone to propose or challenge claims about the network’s state, supported by open-source software and financial incentives for dispute resolution.
The USD1 stablecoin, backed by World Liberty Financial and associated with a well-known family, has exceeded a $1 billion market capitalization on the BNB Chain. This achievement follows a surge in minting activity, making USD1 one of the fastest-growing decentralized stablecoins. This milestone highlights the growing adoption and influence of stablecoins within the cryptocurrency landscape.
A cryptocurrency trader capitalized on recent market gains, turning a $135 investment into $1.2 million within 15 days through a significant return on Terminus (TMNS). Driven by this success, the trader is now seeking to replicate the profits by focusing on the cryptocurrencies MOODENG and RCO Finance, hoping to find the next high-yield investment opportunity in the volatile crypto market.
The UK government is introducing new regulations for the cryptocurrency market, detailed in a draft legislation released on April 29th. The rules, part of a broader “Plan for Change,” aim to bring crypto exchanges, dealers, and custodians, including services like staking and stablecoins, under the supervision of the Financial Conduct Authority (FCA). This move signals an effort to standardize and oversee the crypto industry within the UK, aligning with other financial service regulations.
Nasdaq has filed a form with the SEC to list a 21Shares Spot Dogecoin ETF. This move indicates a growing acceptance of cryptocurrencies within traditional financial markets. The proposed ETF would allow investors to gain exposure to Dogecoin’s price fluctuations passively, without the need for speculative trading methods. This development suggests a potential shift towards wider adoption and integration of digital assets.
BlackRock’s iShares Bitcoin Trust (IBIT) experienced a substantial $970 million inflow on April 28th, its second-largest single-day intake since its January 2024 launch. This surge brought IBIT’s assets under management to over $56 billion, giving it control of more than 3% of the total Bitcoin supply. The article highlights the significant growth and market impact of this Bitcoin ETF.
A wallet associated with the official Donald Trump memecoin project has moved approximately $20 million worth of TRUMP tokens to major cryptocurrency exchanges. On-chain analysis indicates that the wallet transferred 1.346 million TRUMP tokens, potentially impacting the token’s price as it happened amid a trading frenzy. This action has drawn attention to the project’s token holdings and their market activity.