1. The United States passed its first stablecoin legislation, the GENIUS Act, and there is a clear divide on Wall Street regarding whether stablecoins can truly enhance demand for the dollar and bring new buying power to short-term U.S. Treasuries;
Coinbase is collaborating with several major banks to advance pilot projects related to stablecoins, custody, and trading in cryptocurrency;
The nominations for CFTC (Mike Selig) and FDIC (Travis Hil) chairpersons, nominated by Trump, are moving forward for confirmation. Both are regarded as crypto-friendly and may reshape the crypto regulatory landscape;
Last week, cryptocurrency funds recorded an inflow of $1.1 billion, marking a new high in seven weeks, with Bitcoin at $461 million, followed by ETH at $308 million. Meanwhile, investors withdrew $1.9 billion from Bitcoin short ETPs;
BlackRock predicts that the surge in U.S. government bonds will drive institutional adoption of cryptocurrency, with Bitcoin ETF being one of its main sources of revenue, and forecasts that digital assets may reach new highs by 2026;
Franklin Templeton Solana ETF is now live, Grayscale CEO: LINK ETF saw a capital inflow of approximately $41.5 million on its first day.
