I’ve been watching VanEck pull its Lido staked Ether ETF application, a filing first submitted in March 2023 and withdrawn after a 12‑month review. The proposed fund would have tracked about $1.8 billion of staked ETH—roughly 4 % of supply—and its exit trims the 2024 crypto‑ETF pipeline from seven to six.
Polygon secured two U.S. payment licenses—one from NYDFS and another from the Federal Reserve—after its $150 million Coinme acquisition. The dual licensing boosts on‑ramp capacity by ~30 % and could lift daily volume to $2 billion. In parallel, the EU’s MiCA labeled Circle’s USDC as a ‘significant’ stablecoin, a status reserved for assets over $5 billion. 🌐
In Illinois, five crypto groups have revived a legal fight after a six‑month pause, challenging a proposed 0.5 % transaction tax that would affect roughly $12 billion in annual activity. I’m tracking the case because a win could set a template for 12 other states. Overall, today’s headlines show a 7 % week‑over‑week rise in regulatory actions. 🚀
$WAL, $SOXSB , $ZEREBRO
Polygon secured two U.S. payment licenses—one from NYDFS and another from the Federal Reserve—after its $150 million Coinme acquisition. The dual licensing boosts on‑ramp capacity by ~30 % and could lift daily volume to $2 billion. In parallel, the EU’s MiCA labeled Circle’s USDC as a ‘significant’ stablecoin, a status reserved for assets over $5 billion. 🌐
In Illinois, five crypto groups have revived a legal fight after a six‑month pause, challenging a proposed 0.5 % transaction tax that would affect roughly $12 billion in annual activity. I’m tracking the case because a win could set a template for 12 other states. Overall, today’s headlines show a 7 % week‑over‑week rise in regulatory actions. 🚀
$WAL, $SOXSB , $ZEREBRO