Coin360 weekly crypto news, cryptocurrency updates, market movement

Coin360 weekly crypto news

Coin360 Weekly Dispatch | Crypto Market Updates & Highlights | April 27 - May 3, 2025

<h2>Syntetika Launch Brings Bitcoin Yield, Tokenized Assets, and New Crypto Revenue Models</h2>Hilbert Group AB (Nasdaq: HILB B), a digital asset investment firm, has <a href="https://view.news.eu.nasdaq.com/view?id=b546c03c89ddaa96b8cab96b71b673582&amp;lang=en&amp;src=micro">launched</a> a new platform named&nbsp;<a href="https://syntetika.io/">Syntetika</a> in partnership with Galactica.com, signaling a strategic expansion of its former A360 initiative. The platform introduces a hybrid model of trading and tokenization that combines synthetic&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> exposure with decentralized finance opportunities and fractionalized access to real-world assets. Syntetika’s debut marks a pivotal move toward compliant on-chain financial products that integrate crypto price index exposure with yield generation and tokenized equity instruments.The platform’s first product,&nbsp;hBTC — short for Hilbert&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">BTC</a> — presents a native Bitcoin yield solution designed to bridge the asset’s traditional role as a store of value with&nbsp;<a href="https://coin360.com/glossary/decentralised-finance">DeFi</a>’s untapped earning potential. Built for both institutional and retail users, hBTC enables holders to earn a risk-managed yield on their Bitcoin, without relinquishing decentralization or regulatory compliance. According to Hilbert CEO Barnali Biswal, this approach answers growing demand in a segment of the coin&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> that remains underdeveloped. She underscored the company’s goal to position itself at the intersection of two accelerating trends: Bitcoin financialization and the rise of tokenized real-world assets.Syntetika also expands Hilbert’s Real-World Asset (RWA) strategy with the introduction of&nbsp;SYNT tokens. These will facilitate fully decentralized, legally compliant trading of tokenized RWAs — including high-demand pre-IPO shares such as SpaceX and OpenAI — all using crypto as a settlement layer. The offering is designed to enable broader market participation by lowering the barriers to traditionally illiquid or restricted assets, while enhancing transparency and efficiency via blockchain-based infrastructure.To monetize the platform, Hilbert will generate revenue through five distinct streams. Trading fees will be charged on all transactions, while a percentage cut will be taken from yield products. Tokenization services will also carry costs, and Hilbert’s existing fund products will benefit from increased assets under management, accruing standard management and performance fees. Finally, lending and borrowing of tokenized assets on the platform will incur separate fees, creating a comprehensive financial structure tied directly to crypto price movement and engagement.Critical to Syntetika’s regulatory stance is its integration of Galactica’s Identity Virtual Machine (IVM), which allows users to participate in yield generation and asset trading while remaining compliant with existing laws and preserving user privacy. Galactica CEO Mike Sarvodaya emphasized the infrastructure’s role in unlocking the next chapter of regulated on-chain finance, noting that the stack was purpose-built to accommodate both Bitcoin-native products and the broader scope of RWA tokenization.The platform rollout will take place over the coming months, beginning with the hBTC token launch, followed by the deployment of SYNT tokens and additional features. As the crypto price index continues to evolve and interest grows in both yield strategies and tokenized equity access, Syntetika aims to carve out a new niche in the coin market cap — one where regulatory safeguards, decentralized infrastructure, and investor appetite converge.This article has been refined and enhanced by ChatGPT.

Robot tokenizing pre-IPO assets into orbs [tokenized assets]

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Hilbert Group Unveils Syntetika: A Compliant Platform for Bitcoin Yield and RWA Tokenization

<h2>Strategy Acquires 15,355 Bitcoin for $1.42B as Holdings Surpass $50B Amid Price Surge</h2>On April 28, 2025, Michael Saylor's Strategy announced the <a href="https://coin360.com/news/strategy-microstrategy-bitcoin-purchase-2025">acquisition</a> of 15,355&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> for $1.42 billion, raising their total holdings to 553,555&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">BTC</a>, valued at over $50 billion. The latest purchase occurred between April 21 and 27, at an average price of $92,737 per BTC, reflecting a 3% increase in their Bitcoin stash. This purchase followed a significant rally in Bitcoin prices, with a surge from $87,000 to nearly $94,000 during the same period. Strategy's Bitcoin yield stands at 13.7% year-to-date, aiming for a target of 15% in 2025. The firm previously acquired 22,048 BTC for $1.92 billion in late March. As of the announcement, MSTR shares were trading at $368.7, up roughly 23% year-to-date, as the company moves closer to a $100 billion&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market capitalization</a>. Saylor encouraged the community to continue investing in Bitcoin, emphasizing its current relatively low price.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Strategy Expands Bitcoin Acquisition Plan to $84 Billion Despite Market Challenges</h2>Strategy, formerly MicroStrategy, has dramatically increased its Bitcoin acquisition plan to $84 billion, as announced on May 1, 2025, during its Q1 earnings report. This new strategy, dubbed the 42/42 plan, aims to raise $42 billion through equity and $42 billion via fixed income, with $56 billion still to be secured. Strategy’s founder, Michael Saylor, noted a BTC yield of 13.7% and a year-to-date gain of $5.8 billion. The company currently holds 553,555 BTC, representing 2.63% of the total Bitcoin supply. Strategy reported a $4.2B net loss for Q1 2025, primarily due to Bitcoin price fluctuations, with an unrealized loss of $5.9B on Bitcoin holdings. MSTR's implied volatility remains subdued, suggesting challenges in leveraging further acquisitions. The company plans to raise capital through stock sales and convertible notes, having announced a $21 billion stock sale on May 1.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Metaplanet Launches U.S. Subsidiary, Aims to Raise $250 Million for Bitcoin Expansion</h2>Metaplanet, a Japanese investment firm, is set to establish a U.S. subsidiary, Metaplanet Treasury Corp., in Miami, Florida, as part of its global expansion and bitcoin treasury strategy. The new entity aims to raise up to $250 million, starting with an initial $10 million, to enhance its bitcoin acquisition and operational capabilities. Metaplanet has successfully accumulated 5,000 BTC since initiating its bitcoin strategy in April 2024, with an ambitious target of reaching 10,000 BTC by year-end, and 21,000 BTC by 2026. The establishment of the U.S. subsidiary is expected to bolster its access to institutional liquidity and increase operational efficiency, marking a significant evolution for Metaplanet in the bitcoin space. The company’s stock has surged over 1,260% in the past year, reflecting strong investor interest in its strategy. Metaplanet joins other corporate bitcoin holders aiming to capitalize on the growing digital currency market.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Blockchain Group Plans to Accumulate 260,000 BTC by 2033, Signaling Strong Institutional Interest</h2>The Blockchain Group has announced an ambitious plan to accumulate 260,000 BTC by 2033, as part of a strategy to significantly boost their Bitcoin holdings. Interim targets for 2029 aim for 21,000 to 42,000 BTC, with the goal representing nearly 1% of Bitcoin's fixed supply. This plan, which does not involve selling assets for funding, reflects strong institutional bullishness, potentially reducing Bitcoin supply on exchanges and increasing price pressure. The announcement spurred heightened trading activity, evidenced by a spike in Bitcoin’s volume. Key technical indicators show bullish signals, with Bitcoin’s RSI nearing overbought conditions and MACD exhibiting a bullish crossover. Support is at $90,500, while resistance hovers around $93,000. Meanwhile, Bitcoin’s active addresses rose 7% to 1.1 million, suggesting increased interest. Overall, this accumulation strategy could lead to significant market impacts, including potential price appreciation and volatility, as traders adjust to the evolving supply dynamics.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>El Salvador Boosts Bitcoin Holdings to 6,161 BTC Despite IMF Compliance Measures</h2>El Salvador has increased its Bitcoin holdings to 6,161.18 BTC, valued at approximately $584 million, following the addition of 32 BTC last month. Despite halting public sector purchases to meet International Monetary Fund (IMF) loan conditions, the country continues to acquire Bitcoin through its Bitcoin Office, which operates outside the fiscal sector. President Nayib Bukele remains committed to the Bitcoin strategy, publicly dismissing calls to abandon it under IMF pressure. Recent legislative changes removed Bitcoin's mandatory legal tender status for private transactions and eliminated its use for tax payments, in compliance with IMF requirements. The overarching goal is to stabilize the economy and improve fiscal performance, with El Salvador aiming for enhanced private investment and macroeconomic growth. The IMF program also seeks to support fiscal consolidation and unlock additional development financing, while El Salvador remains the sixth-largest sovereign Bitcoin holder globally.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Itaú Invests $210M in Bitcoin for New Venture Oranje, Following MicroStrategy's Model</h2>Itaú, the largest bank in Latin America, has made a landmark investment in Bitcoin by funding a new company, Oranje, with $210 million. Inspired by MicroStrategy and its CEO Michael Saylor's strategy, Oranje aims to accumulate Bitcoin as a strategic reserve, which could transform corporate treasury practices in the region. This investment signals a positive outlook for Bitcoin in Latin America and underscores a growing trend among corporations to adopt cryptocurrency. The venture is led by a former CEO of Swan, indicating a focus on strategic leadership and management within this innovative approach to asset accumulation.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Cardone Capital to Acquire Over 1,000 Bitcoin, Expanding into Cryptocurrency Market</h2>Cardone Capital, a real estate investment firm managing $5 billion in assets, plans to acquire over 1,000 Bitcoin, marking a significant entry into the cryptocurrency space. This strategic shift highlights the firm's intent to diversify its investment portfolio and capitalize on the increasing value of digital assets. By embracing Bitcoin, Cardone Capital joins a trend among major institutions that acknowledge cryptocurrency as a legitimate and valuable investment. This move not only reflects confidence in Bitcoin's long-term potential but also positions Cardone Capital to leverage emerging financial trends in the evolving landscape of asset management.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Semler Scientific Acquires 165 BTC for $15.7 Million, Totaling 3,467 BTC with 23.8% YTD Return</h2>Semler Scientific has significantly increased its Bitcoin holdings, acquiring 165 BTC for $15.7 million between April 25 and 29, 2025, shortly after a 111 BTC purchase for $10 million. This brings its total Bitcoin treasury to 3,467 BTC, valued over $327 million, positioning the firm near the top 10 corporate Bitcoin holders. Emulating MicroStrategy’s approach, Semler’s year-to-date BTC yield is 23.8%, surpassing MicroStrategy's 13.7%. To support further acquisitions, Semler filed for a $500 million securities offering. Despite recent stock declines, the company remains committed to its Bitcoin strategy, as evidenced by CEO Eric Semler's fervent support.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Thumzup Media Plans to Raise $200M to Boost Bitcoin Holdings Up to 90% of Surplus</h2>Thumzup Media Corporation (NASDAQ: TZUP), a SaaS firm focused on social media marketing, plans to raise up to $200 million through the sale of common and preferred stock, and warrant units to enhance its Bitcoin holdings, now totaling 29 BTC. The company aims to allocate 90% of its surplus into Bitcoin as its primary reserve asset and rank among the top 70 public companies holding Bitcoin. This strategy aligns with the growing institutional demand for Bitcoin amidst macroeconomic uncertainties, with expectations of Bitcoin prices parabolically rising and potentially reaching new all-time highs by Q2 2025.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Freight Technologies to Acquire $20 Million in TRUMP Meme Coins Through Bond Agreement</h2>Freight Technologies, Inc. (NASDAQ: FRGT) plans to acquire $20 million in&nbsp;<a href="https://coin360.com/coin/official-trump-trump">TRUMP</a> meme coins through a bond agreement, initially raising $1 million. This move aims to diversify Fr8Tech’s digital asset portfolio, following its prior investment in Fetch.ai tokens. The TRUMP coin currently trades at $12.74 with a&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> of $2.55 billion, albeit with a 90-day decline of 44.37%. While no official comments from CEO Javier Selgas have been released, the investment draws parallels to MicroStrategy's Bitcoin strategy and underscores potential scrutiny in the crypto finance sector amid evolving regulations and market volatility.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Brown University Invests $4.9M in Bitcoin ETF, Marking Its First Crypto Investment</h2>Brown University has invested $4.9 million in the IBIT Bitcoin ETF, acquiring 105,000 shares, according to its latest 13F filing. This investment represents a 2% allocation of their $7.2 billion endowment and marks Brown's inaugural venture into Bitcoin, making it the third U.S. college to do so. The investment was established between January and March 2025 and is part of a broader trend of institutional adoption of cryptocurrencies. Overall, the filing reveals a total of 14 positions, underscoring an increasing interest among educational institutions in diversifying their investment portfolios with digital assets.This article has been refined and enhanced by ChatGPT.

Robot balancing on Bitcoin scroll across pastel hills

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This Week’s Smart Money: $84B Bitcoin Bet, Saylor Doubles Down Again

<h2>FIFA to Launch Own EVM-Compatible Blockchain for NFT Collection Migration</h2>FIFA is set to launch its own&nbsp;<a href="https://coin360.com/glossary/ethereum-virtual-machine">EVM</a>-compatible blockchain, the FIFA&nbsp;<a href="https://coin360.com/glossary/blockchain">Blockchain</a>, to host its&nbsp;<a href="https://coin360.com/nft">NFT</a> collection, currently minted on&nbsp;<a href="https://coin360.com/coin/algorand-algo">Algorand</a> and&nbsp;<a href="https://coin360.com/coin/polygon-ecosystem-token-pol">Polygon</a>. This migration aims to enhance user experiences and&nbsp;<a href="https://coin360.com/glossary/crypto-wallets">wallet</a> compatibility, paving the way for future innovations. The transition will commence no earlier than May 20, 2025, as FIFA focuses on its official NFT collection, FIFA Collect, first introduced in 2022. Initially partnering with Algorand to preserve World Cup moments on-chain, FIFA expanded to Polygon in 2023. Post-migration, only EVM wallets, such as&nbsp;<a href="https://coin360.com/review/metamask">MetaMask</a>, will be supported, phasing out Algorand-native options. Users will not need to take immediate action, with FIFA promising further guidance on the migration process.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>TON Foundation Launches $500M Telegram Bond Fund in Partnership with Libre</h2>The&nbsp;<a href="https://coin360.com/coin/toncoin-ton">TON</a> Foundation has partnered with Libre to launch a $500 million Telegram Bond Fund (TBF), which bridges traditional finance and decentralized finance (<a href="https://coin360.com/glossary/decentralised-finance">DeFi</a>) by integrating tokenized bonds with regulatory compliance. The TBF will bring a portion of Telegram's $2.35 billion outstanding bonds onto the TON blockchain, allowing institutional and accredited investors to access traditional financial products in a decentralized manner. Libre's infrastructure enables these tokenized bonds to be used as collateral in DeFi, while also allowing developers to create new yield-bearing products. The rollout will include a multi-phase Gateway system for managing subscriptions, redemptions, and fund transfers. Investors can engage using fiat or&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a> through TON-native wallets. This collaboration highlights the potential of combining institutional-grade assets with blockchain usability, following Libre's success in tokenizing over $200 million in assets across various funds, demonstrating a growing interest in real-world asset tokenization within the crypto space.&nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Calastone Partners with Fireblocks to Enable Fund Tokenization on Blockchain</h2>London-based Calastone has partnered with Fireblocks to launch a tool that allows asset managers to tokenize any fund on its platform. This integration enables smart contracts deployment on blockchains like&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> and Polygon while maintaining core functions such as compliance and administration. The collaboration reflects growing institutional interest in tokenization, with $21.61 billion currently in tokenized assets. Calastone connects over 4,500 financial organizations, enhancing connectivity between traditional finance and blockchain markets. Chief Commercial Officer Brian Godins emphasized the importance of this step in unlocking access for digital-first investors while ensuring compliance and security in operations.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Mercado Bitcoin Partners with Wormhole for Cross-Chain Tokenization Expansion</h2>Brazil's largest crypto exchange,&nbsp;<a href="https://coin360.com/exchange/mercado-bitcoin">Mercado&nbsp;</a><a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a>, has partnered with&nbsp;<a href="https://coin360.com/coin/wormhole-w">Wormhole</a> to enhance its tokenization platform, facilitating cross-chain interoperability. This integration will allow Mercado Bitcoin to connect over $200 million in tokenized assets across more than 30 blockchains, including products like tokenized fixed-income securities and carbon credits. Since launching its MB Tokens unit, the exchange has introduced over 340 tokenized products, amassing a&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> of approximately $180 million. This move follows Mercado Bitcoin's earlier partnership with Polygon Labs to tokenize an additional $200 million in assets, further expanding its influence in the Latin American digital asset market.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Trump Media Plans Utility Crypto Token Launch for Truth+ Amid Backlash Over Crypto Ties</h2>The Trump Media and Technology Group (TMTG) is planning to launch a utility crypto token and wallet for its streaming platform, Truth+, aiming to enhance user engagement and facilitate payments. TMTG has requested $250 million to invest in crypto products and services, with the token intended for tipping, content boosting, and decision-making participation. This initiative, announced in a shareholder letter by CEO Devin Nunes, follows a trademark application for crypto-related software. However, Trump's ongoing ties and investments in the crypto space have sparked criticism, raising concerns about potential conflicts of interest and regulatory implications.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Ubisoft Launches Decentralized Verification Network for Cross-Chain Crypto Game Asset Migration</h2>Ubisoft is launching a Decentralized Verification Network (DVN) powered by&nbsp;<a href="https://coin360.com/coin/layerzero-zro">LayerZero</a>’s technology, aiming to facilitate the migration of NFT and in-game currency assets across blockchains. This initiative will enable players of "Champions Tactics: Grimoria Chronicles," which operates on the Oasys EVM blockchain, to seamlessly transfer their assets to other Ubisoft crypto games or external platforms. The DVN will simplify the bridging process, making it more user-friendly compared to traditional crypto bridges, with fixed costs for asset migration. LayerZero supports over 130 blockchains, potentially including Oasys and Immutable zkEVM for Ubisoft's future projects. Ubisoft’s goal is to create an environment where users are unaware of underlying blockchain complexities, focusing instead on dollar-denominated wallets. Nicolas Pouard from Ubisoft's Strategic Innovation Lab emphasizes their commitment to a chain-agnostic approach, signaling a move toward a more integrated and liquid crypto gaming ecosystem.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Bunq Launches In-App Crypto Trading in Partnership with Kraken Across Europe</h2>Bunq, a leading European digital bank, has launched in-app crypto trading in collaboration with&nbsp;<a href="https://coin360.com/exchange/kraken">Kraken</a>, enabling users to trade over 300 digital assets directly within their banking app across six European countries. This initiative aims to create a unified platform for managing savings, payments, and investments, driven by user demand for simplicity and trust. Bunq Crypto complies with MiCA regulations and plans to expand to the EU, UK, and U.S. soon. Notably, Bunq reported €85.3 million in profits for 2024, reflecting its growing user base while meeting the rising demand for integrated financial services.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>MAG Signs $3 Billion Tokenization Deal with MultiBank, Shifting from Mantra Chain Partnership</h2>UAE real estate developer MAG has signed a significant $3 billion tokenization deal with MultiBank Group and blockchain infrastructure provider Mavryk, marking a pivot from its earlier $500 million agreement with&nbsp;<a href="https://coin360.com/coin/mantra-dao-om">Mantra</a> Chain. The partnership aims to tokenize high-value properties, including The Ritz-Carlton Residences and Keturah Reserve, making them accessible to global investors via MultiBank.io's regulated RWA marketplace. Investors can earn daily yields on their tokenized assets. Mavryk will facilitate on-chain asset issuance, while MultiBank ensures regulatory compliance and market governance, positioning the MBG token as integral to this innovative investment framework.This article has been refined and enhanced by ChatGPT.

Robot builds tokenized buildings from property blocks

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TradFi-Crypto Ties This Week: Tokenized Bonds, FIFA Blockchain, and Gaming Asset Moves

<h2>DOJ Seeks 20-Year Sentence for Celsius Founder Mashinsky, CEL Soars Amid Fraud Allegations</h2>The US Department of Justice (DOJ) has requested a 20-year prison sentence for&nbsp;<a href="https://coin360.com/coin/celsius-cel">Celsius</a> Network founder Alex Mashinsky, citing serious financial misconduct and deception that led to significant losses for thousands of customers. The request coincided with an 80% rally in&nbsp;<a href="https://coin360.com/coin/celsius-cel">CEL</a>, Celsius's native token, which surged from below $0.06 to nearly $0.18 before settling around $0.14, though this remains far from its all-time high of over $8. Mashinsky has pled guilty to commodities and securities fraud, profiting $48 million by misleading investors about the company's “Earn” program. Celsius, once a leading crypto lending platform, filed for Chapter 11 bankruptcy in 2022, revealing a $1.2 billion shortfall and $4.7 billion in debts. Since then, it has begun distributing over $3 billion to affected users, reaching 93% of this amount to over 250,000 creditors across 165 countries by August 2024. The sentencing is scheduled for May 8.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Monero Price Surges 50% After $330M Bitcoin Theft Linked to Laundering Scheme</h2>On April 28, 2025, an astonishing 50% surge in&nbsp;<a href="https://coin360.com/coin/monero-xmr">Monero</a>'s price followed a reported&nbsp;<a href="https://coin360.com/news/bitcoin-heist-monero-surge-zachxbt-investigation">$330 million</a>&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> theft, flagged by on-chain analyst ZachXBT. A transaction involving 3,520&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">BTC</a>, moved from a victim's&nbsp;<a href="https://coin360.com/glossary/crypto-wallets">wallet</a> to a new&nbsp;<a href="https://coin360.com/glossary/address">address</a>, was swiftly laundered through various exchanges into Monero. This spike propelled&nbsp;<a href="https://coin360.com/coin/monero-xmr">XMR</a> to an intraday high of $339, although it then settled to $289, representing a 25% increase in the last 24 hours. ZachXBT dismissed theories suggesting involvement by North Korea’s Lazarus Group, indicating independent hackers as the likely culprits. Despite privacy coins like Monero gaining traction, Chainalysis noted that most criminal transactions still occur with mainstream cryptocurrencies due to their high liquidity. In a positive development for Monero, select Spar stores in Switzerland have started accepting it for payments, marking a notable shift in retail acceptance.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Bitget Takes Legal Action Against Eight Traders for $20M VOXEL Price Manipulation</h2>Cryptocurrency exchange&nbsp;<a href="https://coin360.com/coin/bitget-token-bgb">Bitget</a> is pursuing legal action against eight account holders accused of manipulating&nbsp;<a href="https://coin360.com/coin/voxies-voxel">VOXEL</a>&nbsp;<a href="https://coin360.com/glossary/understanding-crypto-perpetual-futures">perpetual</a>&nbsp;<a href="https://coin360.com/glossary/futures-contracts">futures</a> contracts, resulting in over $20 million in unlawful profits during an incident on April 20, 2025. Xie Jiayin, Bitget's head of Chinese operations, announced on April 27 that the legal team would quickly notify the implicated accounts, identifying them as primary instigators of the manipulation. Following the detection of unusual trading activity, with trading volumes exceeding $12 billion, Bitget froze suspicious accounts and reversed irregular trades. CEO Gracy Chen confirmed that the platform remained secure and that affected users would receive 100% of the recovered funds via&nbsp;<a href="https://coin360.com/glossary/airdrop">airdrops</a>. Speculation suggests that a market maker bot flaw inflated trading volumes, which traders exploited through high-leverage positions. This case echoes a similar incident involving&nbsp;<a href="https://coin360.com/coin/hyperliquid-hype">Hyperliquid</a>, where&nbsp;<a href="https://coin360.com/glossary/understanding-liquidation-crypto-trading-guide">liquidation</a> mechanisms were exploited, leading to a $6.26 million profit from JELLY futures.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Nike Faces Class-Action Lawsuit Over RTFKT NFT Platform Shutdown</h2>Nike is facing a&nbsp;<a href="https://coin360.com/news/nike-rtfkt-nft-lawsuit-collapse">class-action lawsuit</a> filed on April 25, 2025, in Brooklyn federal court by RTFKT&nbsp;<a href="https://coin360.com/nft">NFT</a> holders, alleging a "rug pull" following the abrupt shutdown of its RTFKT NFT platform earlier this year. Led by Jagdeep Cheema, plaintiffs claim Nike misled investors by marketing sneaker-themed&nbsp;<a href="https://coin360.com/glossary/non-fungible-tokens">NFTs</a> as unregistered securities, promising long-term value appreciation without SEC registration, and seek $5 million in damages for consumer protection and unfair competition law violations. The lawsuit focuses on Nike's acquisition of RTFKT Studios in December 2021 and promotion of RTFKT Nike Cryptokicks NFTs, which peaked at an average value of 3.5&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ether</a> ($8,000) in April 2022, plummeting to just 0.009 Ether ($16) after the platform's closure in January 2025. With a 63% decline in total NFT sales year-over-year in Q1 2025, the RTFKT platform's collapse further impacted disillusioned holders amid a challenging NFT market.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Texas Court Blocks U.S. Treasury from Reimposing Sanctions on Tornado Cash</h2>A Texas District Court has issued a permanent injunction preventing the U.S. Treasury Department from reimposing sanctions on&nbsp;<a href="https://coin360.com/coin/tornado-cash-torn">Tornado Cash</a>, a cryptocurrency mixing service. This decision follows a November ruling by the Fifth Circuit Court that was unfavorable to the government, which subsequently sought delays and argued that the issue was moot after removing Tornado Cash from the sanctions list. The Texas court's recent order secures Tornado Cash from any future U.S. sanctions, reinforcing its legal standing and operational continuity within the evolving landscape of cryptocurrency regulation and compliance, following significant legal challenges against governmental actions.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>FTX Sues NFT Stars and Kurosemi to Recover Crypto Assets Amid Bankruptcy Recovery Efforts</h2><a href="https://coin360.com/coin/ftx-token-ftt">FTX</a> has filed lawsuits against NFT Stars and Kurosemi to recover crypto assets linked to pre-bankruptcy agreements, specifically Simple Agreements for Future Tokens (SAFTs). Allegations include NFT Stars failing to return 1.35 million SENATE tokens and 135 million SIDUS tokens after receiving $325,000, while Kurosemi did not provide 75 million $<a href="https://coin360.com/coin/agility-lsd-agi">AGI</a> tokens following a $1 million investment. These lawsuits are part of FTX's larger strategy to recover funds for creditors post-bankruptcy, as the exchange aims to maximize asset recovery amidst a complex legal landscape affecting thousands of investors left in limbo after its 2022 collapse.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>US Treasury Proposes Ban on Cambodia's Huione Group Over Money Laundering Links to North Korea</h2>The US Treasury Department's FinCEN has proposed banning Cambodia-based Huione Group from the US financial system due to allegations of money laundering linked to North Korean hacker groups, which reportedly laundered over $4 billion between 2021 and 2025. Huione is accused of facilitating cybercrime through an online marketplace and payment services for cryptocurrencies. Of the laundered funds, $37 million was in cryptocurrencies tied to North Korean cyber heists. This action aims to cut off Huione's access to banking, enhancing efforts to combat money laundering. Additionally, the National Bank of Cambodia revoked Huione's local banking license in March 2025.This article has been refined and enhanced by ChatGPT.

Robot leaps over crumbling stairs of justice and [crypto]

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This Week’s Legal Shockwaves Hit Celsius, Nike, FTX, and Tornado Cash

<h2>SEC Delays Decisions on XRP and Dogecoin ETFs Until June 2025</h2>The U.S. Securities and Exchange Commission (SEC) has <a href="https://coin360.com/news/sec-delays-xrp-dogecoin-etfs-crypto-backlog-grows">announced delays</a> in its decisions regarding crypto exchange-traded funds (ETFs) for&nbsp;<a href="https://coin360.com/coin/xrp-xrp">XRP</a> and&nbsp;<a href="https://coin360.com/coin/dogecoin-doge">Dogecoin</a>. The SEC will wait until June 15 and June 17, 2025, respectively, to decide on the Bitwise Dogecoin ETF and the Franklin XRP Fund. This decision comes amidst a more favorable regulatory climate for crypto under the new SEC chair, Paul Atkins, who has expressed optimism about digital assets. Since January 2024, the SEC has approved spot&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> and&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> ETFs, prompting multiple firms to propose various crypto ETFs, including those tracking&nbsp;<a href="https://coin360.com/coin/solana-sol">Solana</a> and others. Additionally, Nasdaq has proposed listing a Dogecoin ETF with 21Shares. Analysts anticipate further delays, noting that final deadlines for many ETF proposals may stretch into October 2025 or later, reflecting the ongoing evolution of regulatory frameworks for cryptocurrencies.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Nasdaq Proposes 21Shares Dogecoin ETF Amid SEC's New Crypto Focus</h2>On April 29, 2025, Nasdaq filed a proposal to list the 21Shares Dogecoin ETF, following 21Shares' S-1 registration filed on April 9. This move is part of a new SEC approach under chairman Paul Atkins, who emphasizes reducing regulatory uncertainty in the crypto sector. Previous filings for a Dogecoin ETF were made by firms like Grayscale and Bitwise. Analysts estimate a 75% approval chance for Dogecoin ETFs, trailing only&nbsp;<a href="https://coin360.com/coin/litecoin-ltc">Litecoin</a> ETFs at 90%. The SEC has already approved spot Bitcoin and Ethereum ETFs, indicating a growing acceptance of cryptocurrency investment vehicles.&nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>ProShares Confirms No XRP ETF Launch on April 30; Futures ETFs Expected, Spot ETFs Under SEC Review</h2>Bloomberg analyst James Seyffart clarified that ProShares has no XRP ETF launch scheduled for April 30, dispelling misinformation stemming from an old regulatory filing. Upcoming ProShares XRP ETFs will track&nbsp;<a href="https://coin360.com/glossary/futures-contracts">futures</a> contracts rather than holding spot XRP directly. The SEC is still reviewing spot ETF applications from Grayscale, Bitwise, and Franklin Templeton, with no approvals yet granted. Notably, Teucrium has launched a 2x Long XRP ETF (XXRP) that seeks to double daily returns, currently managing approximately $42.79 million.&nbsp;<a href="https://coin360.com/glossary/futures-contract">Futures</a> ETFs face fewer regulatory hurdles compared to spot products, which undergo more intensive risk assessments.&nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Grayscale Launches BCOR ETF for Corporations Adopting Bitcoin as Treasury Asset</h2>Grayscale launched the Bitcoin Adopters ETF on April 30, 2025, targeting companies that hold Bitcoin as a treasury reserve. This ETF tracks firms across seven sectors, including notable constituents like Michael Saylor’s Strategy, Marathon Digital Holdings, Tesla, Japanese firm Metaplanet, and KULR Technology Group. The launch coincides with a surge in institutional Bitcoin buying, with public companies acquiring over 30,000&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">BTC</a> monthly in 2025, according to Fidelity Digital Assets. Notably, Bitcoin’s circulating supply is decreasing due to corporate accumulation, as firms aim to hedge against fiat inflation. Analysts from Bernstein suggest that Bitcoin might hit new highs due to increased corporate demand and growing ETF inflows. The competitive landscape features around 80 companies collectively holding about 700,000 BTC, equivalent to 3.4% of Bitcoin’s total supply, indicating a significant strategic shift towards Bitcoin in corporate treasury strategies.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Strong Approval Odds for Litecoin, Solana, XRP ETFs in 2025, Analyst Says</h2>Recent updates from Bloomberg’s Senior ETF Analyst&nbsp;<a href="https://twitter.com/EricBalchunas/status/1917444433282490606">Eric Balchunas</a> indicate strong prospects for the approval of several spot cryptocurrency ETFs by the U.S. Securities and Exchange Commission (SEC) in 2025. Among the cryptocurrencies highlighted, Litecoin (<a href="https://coin360.com/coin/litecoin-ltc">LTC</a>), Solana (<a href="https://coin360.com/coin/solana-sol">SOL</a>), and a crypto basket ETF boast a 90% chance of approval, while XRP has an 85% likelihood, with an important update anticipated on April 21st. Other cryptocurrencies such as Dogecoin (<a href="https://coin360.com/coin/dogecoin-doge">DOGE</a>) and&nbsp;<a href="https://coin360.com/coin/hedera-hashgraph-hbar">HBAR</a> have approval odds of 80%, while&nbsp;<a href="https://coin360.com/coin/cardano-ada">Cardano</a> (<a href="https://coin360.com/coin/cardano-ada">ADA</a>),&nbsp;<a href="https://coin360.com/coin/polkadot-dot">Polkadot</a> (<a href="https://coin360.com/coin/polkadot-dot">DOT</a>), and&nbsp;<a href="https://coin360.com/coin/avalanche-avax">Avalanche</a> (<a href="https://coin360.com/coin/avalanche-avax">AVAX</a>) stand at 75%. The SEC is likely to classify many of these assets as commodities, enhancing their approval prospects. As regulatory deadlines approach, the potential approval of these ETFs could significantly integrate cryptocurrencies into traditional financial markets, facilitating safer and easier investments for a broader range of investors.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Canary Capital Proposes First Spot SEI ETF with Staking Feature to U.S. SEC</h2>Canary Capital has filed with the U.S. SEC to launch a groundbreaking ETF that would be the first spot ETF directly focused on&nbsp;<a href="https://coin360.com/coin/sei-sei">Sei</a> (<a href="https://coin360.com/coin/sei-sei">SEI</a>), a cryptocurrency associated with the Sei blockchain. Unique to this ETF is its staking feature, allowing investors to earn passive returns. The fund aims to closely track SEI’s market value, with the custody managed by BitGo and&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a>, and will process subscriptions and redemptions in cash, mirroring the operations of existing spot Bitcoin and Ethereum ETFs in the U.S. SEI operates on a&nbsp;<a href="https://coin360.com/glossary/layer-1">Layer 1</a> blockchain utilizing the&nbsp;<a href="https://coin360.com/coin/cosmos-atom">Cosmos</a> SDK, known for high speed and cross-chain capabilities, serving as a development environment similar to Ethereum while pursuing performance objectives akin to Solana. Additionally, the Sei Foundation has recently launched the Sei Development Foundation to enhance the blockchain’s ecosystem and promote wider crypto adoption in the U.S. This move aligns with Canary Capital's broader strategy of expanding its crypto ETF offerings.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>21Shares Files for Spot Sui ETF in the US Amid Growing Institutional Demand</h2>21Shares, a major European cryptocurrency investment firm, has filed for a spot&nbsp;<a href="https://coin360.com/coin/sui-sui">Sui</a> exchange-traded fund (ETF) in the United States, expanding its presence in the US market. This filing, submitted on April 30, 2025, to the SEC, aims to track the performance of&nbsp;<a href="https://coin360.com/coin/sui-sui">SUI</a> tokens held by its US subsidiary, without using leverage or derivatives. It follows the launch of the 21Shares Sui&nbsp;<a href="https://coin360.com/glossary/DeFi-Staking">Staking</a> exchange-traded product in Europe in July 2024. Notably, the filing lacks details on the exchange for its debut or a ticker symbol. The 21Shares application is among over 70 crypto ETF proposals awaiting SEC review, with the market showing increasing institutional interest. Additionally, as of April 25, Sui-based exchange-traded products had accumulated $400 million in assets under management and saw $72 million in inflows year-to-date, illustrating robust demand in this sector.This article has been refined and enhanced by ChatGPT.

Robot builds ETF bridge linking old finance to crypto 

Robot builds ETF bridge linking old finance to crypto_11zon.webp

Crypto Funds Weekly Recap: XRP, DOGE ETFs Delayed as BTC ETFs Grow

<h2>EU to Ban Anonymous Crypto Accounts and Privacy Coins by July 2027</h2>Starting July 1, 2027, the EU's Anti-Money Laundering Regulation (AMLR) will ban anonymous crypto accounts and privacy coins like&nbsp;<a href="https://coin360.com/coin/monero-xmr">Monero</a>,&nbsp;<a href="https://coin360.com/coin/zcash-zec">Zcash</a>, and&nbsp;<a href="https://coin360.com/coin/dash-dash">Dash</a>. Crypto transactions exceeding €1,000 will require complete identity verification through KYC checks across all platforms. The new AMLA (Anti-Money Laundering Authority) will enforce these regulations, monitoring platforms handling over €50 million in transactions or serving more than 20,000 customers in one country. Crypto users in the EU must prepare for these changes, especially if they rely on anonymous services or privacy coins, as compliance will be mandatory within the next two years.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>UK Government Proposes Crypto Regulations to Combat Scams and Promote Innovation</h2>The UK government, led by HM Treasury and Chancellor Rachel Reeves, has proposed new draft regulations for cryptocurrencies to enhance consumer protection and curb fraud amid rising crypto ownership. In an April 29 announcement, the government outlined plans to regulate crypto exchanges, dealers, and agents, aiming to protect residents from scams as 12% of UK adults now own crypto, up from 4% in 2021. The proposed rules follow discussions with US officials regarding a cross-border regulatory sandbox. Industry representatives, including CryptoUK's Ian Silvera, welcomed the government's commitment to establish the UK as a global hub for digital asset technologies, although they seek further clarity on aspects like liquid staking and&nbsp;<a href="https://coin360.com/glossary/decentralised-finance">DeFi</a>. The Financial Conduct Authority (FCA) intends to publish final rules in 2026, aligning the UK’s regulatory framework with the European Union’s Markets in Crypto-Assets (MiCA) initiative, which commenced in December 2022.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Crypto Advocacy Groups Urge SEC for Clarity on Staking Regulations</h2>Nearly 30 crypto advocacy groups, led by the Crypto Council for Innovation (CCI), have urged the SEC for clearer regulatory guidance on crypto staking, stating it should not be classified as an investment activity. In an April 30 letter to SEC Commissioner Hester Peirce, the CCI’s Proof of Stake Alliance argued that staking is a technical process essential for the decentralized internet, asserting it does not meet the Howey test definition of an "investment contract" since stakers retain ownership and rewards are determined by blockchain protocols. The coalition seeks support for responsible staking in exchange-traded products (ETPs) without oppressive regulations that could hinder innovation. They reported increased engagement with the SEC, noting significant progress in dialogue. High-profile supporters include firms like Andreessen Horowitz, Consensys, and&nbsp;<a href="https://coin360.com/exchange/kraken">Kraken</a>. Additionally, the SEC has delayed decisions on crypto staking ETFs, with analysts predicting potential approvals in May.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Arizona Approves Bill to Invest 10% of $31.5 Billion in Public Funds into Bitcoin and NFTs</h2>Arizona state lawmakers passed two significant bills—Senate Bill 1025 and Senate Bill 1373—that enable the state to invest up to 10% of its $31.5 billion in public assets into digital assets like&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> and&nbsp;<a href="https://coin360.com/glossary/non-fungible-tokens">NFTs</a>. This legislation establishes a Digital Assets Strategic Reserve Fund, intended to incorporate seized crypto assets and future appropriations while ensuring on-chain auditability and standardized risk controls. A successful signature from Governor Katie Hobbs is pending, which would officially authorize the investment process. If enacted, Arizona would become the first U.S. state to hold Bitcoin in its treasury, potentially allocating up to $3.14 billion, equivalent to 31,000&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">BTC</a>. This initiative mirrors similar efforts in states like Texas and Florida, positioning Arizona as a leader in the integration of Bitcoin into public finance, potentially influencing legislative actions in other states and globally.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>North Carolina House Approves Bill to Invest in Bitcoin ETPs, Aiming for Financial Diversification</h2>On May 1, 2025, the North Carolina House approved House Bill 92, allowing the state to invest up to 10% of certain public funds in Bitcoin-related exchange-traded products (ETPs) through regulated platforms like NYSE and NASDAQ. This strategic legislation, aimed at portfolio diversification, could position North Carolina as the first U.S. state to gain Bitcoin exposure in this manner. The bill limits investments to assets with a&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> of at least $750 billion, ensuring security through cold wallets and monthly audits, while requiring legislative approval for any sales during financial emergencies. The bill now awaits Senate approval.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>AUSTRAC Targets Inactive Crypto Exchanges, Threatens Deregistration Amid Fraud Concerns</h2>Australia's financial intelligence agency, AUSTRAC, is targeting inactive crypto exchanges, warning that deregistration may occur if these platforms do not withdraw voluntarily. Out of 427 registered exchanges, AUSTRAC has begun contacting those that appear inactive, citing risks of criminal exploitation linked to money laundering and scams. Registration legitimacy is crucial for oversight, and AUSTRAC may cancel registrations if businesses are deemed operationally inactive. Additionally, a publicly searchable register for consumers will be launched. In related efforts, ASIC has ramped up enforcement, shutting down 95 fraudulent firms and over 10,000 scam websites, including 1,500 phishing scams.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>South Korea's People Power Party Unveils Crypto Initiatives Ahead of Presidential Election</h2>South Korea's ruling People Power Party (PPP) has announced seven initiatives to enhance its crypto industry ahead of the presidential election on June 3, 2025. Key proposals include permitting spot crypto ETF trading within this year and expanding banking access for exchanges by scrapping the restrictive "one exchange, one bank" rule. Additionally, the PPP aims to legalize security token offerings and establish a regulatory framework for&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a>. A special crypto committee will be formed under the party's presidential candidate to drive these initiatives, which align with the country's ongoing efforts to ease crypto restrictions and promote investor confidence.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Malaysia Unveils Blockchain Infrastructure to Boost Digital Economy and Innovation</h2>On April 30, 2025, Malaysia launched the Malaysia&nbsp;<a href="https://coin360.com/glossary/blockchain">Blockchain</a> Infrastructure (MBI), developed by MIMOS Berhad, to enhance its digital economy. The platform integrates major blockchain networks like&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> and&nbsp;<a href="https://coin360.com/coin/solana-sol">Solana</a> using Zetrix technology, promoting seamless cross-chain transactions. Early adoption from firms like Masverse and Heitech Padu showcases its versatility in supply chain monitoring and digital identity verification. Emphasizing accessibility, MBI supports MyDigitalID for various applications. This initiative fosters public-private partnerships and aims to position Malaysia as a regional tech hub, aligning with the MADANI vision of innovation, sustainability, and equitable access to digital resources.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Roswell, New Mexico Establishes 10-Year Bitcoin Strategic Reserve</h2>Roswell, New Mexico, officially established a Bitcoin Strategic Reserve, reflecting its commitment to holding Bitcoin for at least 10 years. This move aligns with a growing trend among municipalities recognizing Bitcoin's potential as a long-term financial asset, similar to efforts made by cities like Miami and states like North Carolina, where Bitcoin Reserve legislation has gained traction. The city's adoption of Bitcoin aims to enhance financial flexibility and access new investment opportunities, alongside the potential for significant price appreciation, following the experiences of El Salvador, which has seen positive returns from its Bitcoin investments.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Malaysian Police Raid Illegal Bitcoin Mining Operation, Seize 45 Machines Worth $52,145</h2>Malaysian police recently raided an illegal Bitcoin mining operation in Hulu Terengganu and Marang, seizing 45 machines valued at approximately $52,145 (RM225,000). The operation was costing the electricity provider, Tenaga Nasional, around $8,342 (RM36,000) monthly in losses. Since 2018, illegal mining has resulted in approximately $722 million (RM3.4 billion) in electricity theft nationwide. These operations, often run by international criminal syndicates from residential and commercial properties, exploit the local grid illegally. While Bitcoin mining is legal in Malaysia, tampering with electricity connections carries severe penalties, including imprisonment and hefty fines.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Kuwait Cracks Down on Illegal Crypto Mining, Investigates 60 Individuals Amid Power Grid Strain</h2>Kuwait has initiated a major crackdown on illegal cryptocurrency mining, targeting residential properties used as hubs for unlicensed operations. Approximately 60 individuals are under investigation, with some released on bail of 500 Kuwaiti dinars. The crackdown, part of national efforts to combat financial crimes, addresses the significant strain illegal mining places on the power grid, leading to outages affecting residential and commercial areas. The Public Prosecution has ordered the detention of several suspects linked to substantial unexplained financial deposits, while the Ministry of Electricity has begun cutting power to identified sites, requiring clearance for reconnection.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>UK FCA Proposes Ban on Credit Card Crypto Purchases to Curb Consumer Debt Risks</h2>The UK's Financial Conduct Authority (FCA) is proposing to ban credit card use for purchasing Bitcoin and other cryptocurrencies to mitigate consumer debt risks. This initiative stems from concerns that consumers may incur unsustainable debt if the value of their crypto investments decreases. The FCA's discussion paper also emphasizes the lack of protections for crypto investors compared to traditional financial assets. Additionally, the FCA aims to implement a comprehensive regulatory framework for the crypto market, requiring UK trading platforms to be authorized and setting strict standards for crypto lending and staking. Feedback is sought until June 13, 2025.This article has been refined and enhanced by ChatGPT.

Robot strides on pastel bridge, symbolizing evolving [regulations] globally

Robot strides on pastel bridge, symbolizing evolving [regulations] globally_11zon.webp

This Week’s Global Policy Shift Tightens Grip on Crypto Privacy and Fraud

<h2>CompoSecure, Baanx, and MetaMask Launch Metal Card for Instant Crypto Payments</h2>CompoSecure, Baanx, and&nbsp;<a href="https://coin360.com/review/metamask">MetaMask</a> have announced the launch of the MetaMask Metal Card, set to debut worldwide in Q2 2025. This innovative card allows users to make instant payments directly from their self-custody MetaMask wallets without the need for fiat conversion or centralized exchanges. Transactions are executed via smart contracts in under five seconds, as users maintain their crypto on the Linea network. MetaMask's Chief Commercial Officer, Simon Jones, emphasized that the card eliminates middlemen, providing seamless, instant transactions. The card aims to solve the "last mile" problem, moving digital assets closer to mainstream use. CompoSecure's CEO, Jon Wilk, described the card as a pivotal shift toward non-custodial neobanking, aiming to transform crypto into a viable everyday currency. This announcement follows MetaMask's recent SEC clearance regarding its staking service, with Mastercard also enhancing its&nbsp;<a href="https://coin360.com/glossary/web3-companies-projects">Web3</a> card initiatives to integrate digital currencies into daily payments.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Tangem Unveils Self-Custodial Visa Card with Cold Wallet Chip Set for Late 2025 Release</h2>Tangem, a fintech company based in Switzerland, has announced the upcoming launch of Tangem Pay, a self-custodial Visa card that integrates a cold&nbsp;<a href="https://coin360.com/glossary/crypto-wallets">wallet</a> chip for direct crypto spending, set to debut in late 2025. The card aims to empower users by allowing them to maintain full control of their assets without intermediaries, processing transactions through Visa’s infrastructure while ensuring private keys are securely stored on a microchip. Tangem Pay is designed for over 130 million merchants and supports platforms like Apple Pay and Google Pay. The initiative is driven by a growing demand for self-custody solutions, following incidents with centralized exchanges, and reports stablecoin transactions exceeding $27.6 trillion in 2024. Tangem anticipates entering a cross-border payments market projected to surpass $300 billion by 2030. A waitlist is currently available, and the company holds a U.S. patent for the technology, certified by Visa.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Messika Now Accepts Cryptocurrency Payments for Luxury Jewelry via Lunu Pay</h2>Messika, a prominent Parisian luxury jewelry brand, has begun accepting cryptocurrency payments globally through its partnership with Lunu Pay. Customers can now purchase luxury items using&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> (<a href="https://coin360.com/coin/bitcoin-btc">BTC</a>),&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> (<a href="https://coin360.com/coin/ethereum-eth">ETH</a>),&nbsp;<a href="https://coin360.com/coin/tether-usdt">Tether</a> (<a href="https://coin360.com/coin/tether-usdt">USDT</a>), and&nbsp;<a href="https://coin360.com/coin/solana-sol">Solana</a> (<a href="https://coin360.com/coin/solana-sol">SOL</a>) in both physical boutiques and online stores. The integrated payment solution simplifies transactions and is compatible with cryptocurrency wallets, allowing payments via QR code with no hidden fees. This initiative reflects a growing trend in the luxury sector to embrace digital currencies, enhancing privacy and convenience for customers. Lunu Pay has previously partnered with Milan's Pisa 1940 to facilitate similar crypto payment options.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Trump Tower Dubai to Accept Cryptocurrency Payments Starting at $1 Million</h2>Trump Tower in Dubai will accept cryptocurrency payments for apartments starting at $1 million, with penthouses priced at $20.4 million. Scheduled for completion in 2029, the 47-story tower aims to set new standards for luxury in the Dubai real estate market, according to Eric Trump. The initiative could drive mainstream adoption of cryptocurrency in real estate, particularly as&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a> mitigate volatility concerns. First announced in December 2024 with an investment of $1 billion, this project marks a significant step toward integrating digital currencies into high-value property transactions, reflecting the evolving landscape of the cryptocurrency ecosystem.This article has been refined and enhanced by ChatGPT.

Robot showcases luxury crypto jewelry in digital pastel showroom

Robot showcases luxury crypto jewelry in digital pastel showroom_11zon.webp

Crypto Payments Go Mainstream This Week with Visa, Jewelry, and Trump Tower

<h2>BlackRock Launches Digital Shares for $150B Treasury Trust Fund with BNY Mellon as Distributor</h2>BlackRock is launching digital shares for its $150 billion Treasury Trust fund, utilizing blockchain technology to manage share ownership records without holding cryptocurrency. BNY Mellon serves as the exclusive distributor for these digital ledger technology (DLT) shares, awaiting SEC approval. Institutional investors must invest a minimum of $3 million for initial purchase, with no cap on further investments. This innovation highlights blockchain's potential to enhance traditional finance through tokenization. BlackRock has established itself as a pioneer in integrating digital assets into traditional finance, previously launching the USD Institutional Digital Liquidity Fund, which became the largest tokenized money market fund at $2.5 billion. Additionally, the company's Spot&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> ETF, approved in January 2024, has a&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> of $142.7 billion. Recently, BlackRock-supported Securitize introduced a new crypto index fund, bolstered by $400 million from&nbsp;<a href="https://coin360.com/coin/mantle-mnt">Mantle</a>, showcasing ongoing advancements in digital asset management.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Charles Schwab to Launch Spot Cryptocurrency Trading in Next 12 Months</h2>Charles Schwab plans to launch spot cryptocurrency trading within the next 12 months, marking a significant shift towards digital asset acceptance in the investment industry. CEO Rick Wurster announced that this move reflects growing institutional interest, driven by a changing regulatory environment. Currently, Schwab provides indirect exposure to cryptocurrencies through ETFs and&nbsp;<a href="https://coin360.com/glossary/futures-contracts">futures</a>, but this new offering aims to attract its 36 million clients directly. Market analysts view this as a pivotal moment for institutional participation in digital currencies, especially as public companies' Bitcoin holdings increased by 16.1% in Q1 2025. As of May 1, 2025, Bitcoin's price stands at $96,520.87, with a market cap of $1.92 trillion and a dominance of 63.60%. Recent price changes include a 2.22% rise over 24 hours and 15.39% over 30 days. Schwab's entry could lead to new financial instruments and partnerships, enhancing market access for investors.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Morgan Stanley to Launch Crypto Trading on E*Trade by 2026, Targeting Retail Market</h2>Morgan Stanley plans to launch cryptocurrency trading on its E*Trade platform by 2026, marking a significant move for a major U.S. bank into retail crypto access. The initiative is in early development, with potential partnerships with crypto firms for spot trading of assets like Bitcoin (<a href="https://coin360.com/coin/bitcoin-btc">BTC</a>) and&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a> (<a href="https://coin360.com/coin/ethereum-eth">ETH</a>). This expansion follows regulatory rollbacks under the Trump administration, which have encouraged banks to re-enter the crypto market. Currently, Morgan Stanley offers ETFs, options, and futures for affluent clients, but this effort could intensify competition with established crypto exchanges such as&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a> and&nbsp;<a href="https://coin360.com/exchange/kraken">Kraken</a>.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Goldman Sachs Expands Digital Asset Strategy, Focuses on Crypto and Tokenization</h2>Goldman Sachs announced plans to significantly expand its digital asset operations, focusing on cryptocurrency and tokenization to meet rising client demand for these services. At the TOKEN2049 event, Global Head of Digital Assets, Mathew McDermott, emphasized the firm’s intent to enhance crypto lending and invest in tokenization, aiming to improve liquidity and asset management by converting real-world assets into digital tokens. The GS DAP® platform will be central to this strategy, facilitating real-time asset digitization and cross-platform interoperability. In a broader trend, major banks are integrating cryptocurrency services, with Morgan Stanley, Charles Schwab, and State Street planning to launch offerings by 2026, supported by a favorable regulatory environment under the current U.S. administration. Morgan Stanley is also partnering with crypto firms, while State Street, with $46 trillion in assets under custody, will introduce crypto custody services, highlighting the banking sector's commitment to cryptocurrencies.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Singapore Gulf Bank Launches 24/7 Fee-Free Crypto Clearing Network, SGB Net</h2>Singapore Gulf Bank (SGB) has launched SGB Net, a 24/7 real-time clearing network that facilitates instant, fee-free cross-border payments for digital asset players. Aimed at addressing the increasing demand for efficient transactions, SGB Net allows a range of financial participants—from crypto exchanges to market makers—to conduct operations without traditional banking limitations. Key features include offshore corporate and personal accounts, automated payroll systems, and real-time vendor payouts, making it suitable for both startups and larger trading firms. The platform also provides access to liquidity with institutional-grade spreads and supports API-enabled fiat-to-crypto conversions. As traditional banks hesitate to serve crypto clients, SGB Net positions itself as a vital component of the digital economy.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>SoFi Plans Crypto Comeback by Year-End Following Regulatory Shift</h2>Fintech giant SoFi plans to reintroduce cryptocurrency investing by the end of 2025 after a regulatory shift influenced by the Trump administration. SoFi CEO Anthony Noto announced the move, highlighting a more integrated approach to embedding blockchain and crypto capabilities across its services, including lending and investing. The company previously exited the crypto space in late 2023 under federal scrutiny while holding a bank charter. With improved credit metrics, SoFi brought in 800,000 new customers in the latest quarter and recorded a 3.31% annualized charge-off rate for personal loans. Noto anticipates a favorable regulatory climate following recent guidance from the OCC. Additionally, a report from Fidelity predicts that, by 2025, several governments may start buying Bitcoin to establish reserves, legitimizing it as a store of value and potentially increasing its price significantly as more countries engage with cryptocurrencies.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Bitwise CIO Predicts Major Wirehouses Will Embrace Bitcoin ETFs by Year-End, Expecting Record Inflows in 2025</h2>Bitwise CIO Matt Hougan anticipates that the major wirehouses—Merrill Lynch, Morgan Stanley, Wells Fargo, and UBS—will start facilitating access to Bitcoin ETFs by the end of 2025, potentially increasing availability fourfold. Despite initial slow adoption since the launch of U.S. spot Bitcoin ETFs in January 2024, Hougan expects record net inflows into these ETFs this year, buoyed by wirehouse support. As of April 30, 2025, Bitcoin ETFs have attracted just over $4 billion year-to-date, significantly trailing the $11.8 billion gained by the same period in 2024. Institutional interest in Bitcoin is surging, with major firms and hedge funds actively buying in. Key organizations like Coinbase and Fidelity offer custody solutions, while BlackRock encourages a 2% portfolio allocation to Bitcoin. The growing acceptance of Bitcoin, alongside regulatory clarity and strategic investments, suggests a promising outlook for the cryptocurrency’s future in finance.This article has been refined and enhanced by ChatGPT.

Robot walks on coin-bridge linking fiat and crypto

Robot walks on coin-bridge linking fiat and crypto_11zon.webp

Crypto-Banking Weekly Recap: Banks Double Down on Crypto as Spot Access Expands Fast

<h2>Stablecoins Market Cap Approaches $240B with $5B Weekly Surge Amid Growing Institutional Adoption</h2>The stablecoins market is nearing an all-time high with a market capitalization of almost $240 billion, boosted by an impressive $5 billion increase in supply within a week, marking a 2.18% rise. Tether (USDT) holds a significant market share of 61.92%, followed by USD Coin (USDC) and others. Citigroup predicts the stablecoin market could soar to $2 trillion by 2030, with a base-case estimate of $1.6 trillion, although lacking regulations may cap it at $500 billion. The year-on-year growth of active stablecoin wallets surged by 53%, totaling 30 million, while total supply jumped from $138 billion to $225 billion—a 63% increase. Institutional adoption, integration into DeFi platforms, and recognition from authorities like Federal Reserve Governor Christopher Waller emphasize the role of stablecoins in preserving the U.S. dollar's global dominance and driving the digital economy forward.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Tether Set to Re-enter U.S. Market with New Stablecoin Amid Surge in Treasury Holdings</h2><a href="https://coin360.com/coin/tether-usdt">Tether</a> is re-entering the U.S. market with a <a href="https://coin360.com/news/tether-usd-stablecoin-return-treasury-exposure-2025">new dollar-pegged</a> stablecoin, marking a strategic shift towards regulation and transparency, as confirmed by CEO Paolo Ardoino. This move aims to reshape Tether’s public image after past criticisms regarding opacity and questionable transactions. Tether has collaborated closely with U.S. lawmakers on the GENIUS Act, which seeks clearer regulatory frameworks for&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a> and empowers law enforcement. As of March 2025, Tether’s U.S. Treasury holdings surged to nearly $120 billion, including approximately $99 billion in direct government debt, representing 10.9% of Japan's Treasury holdings. With $7 billion in excess equity, Tether has pledged over $2 billion towards strategic investments in renewable energy, AI, and data infrastructure. Despite regulatory challenges, Tether's flagship stablecoin,&nbsp;<a href="https://coin360.com/coin/tether-usdt">USDT</a>, remains the market leader, boasting a circulating supply of over $149 billion.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Ripple Pursues Circle Acquisition Amid USDC Valuation Surge and ICO Plans</h2><a href="https://coin360.com/coin/xrp-xrp">Ripple</a> is actively pursuing the <a href="https://coin360.com/news/ripple-circle-bid-usdc-xrp-stablecoin-power-play">acquisition of Circle</a>, the&nbsp;<a href="https://coin360.com/coin/usd-coin-usdc">USDC</a> stablecoin issuer, amid escalating bids estimated between $5 billion and $20 billion. Initial offers of $4 to $5 billion were deemed too low by Circle, leading to speculation about a higher subsequent bid. Circle's upcoming IPO, with an expected valuation upwards of $9 billion, has heightened Ripple's urgency. Circle’s&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market capitalization</a> for USDC surged 44% from $43 billion to $62 billion in 2025, contrasting Tether's modest 7.25% growth. This growth is attributed to Circle's regulatory compliance efforts and the launch of a new cross-border payment product, positioning it as a competitor to Ripple. With&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a> holding a minority stake in Circle, potential friction could arise if it opposes Ripple’s acquisition, possibly triggering a bidding war. Meanwhile, Circle has achieved in-principle approval from Abu Dhabi's Financial Services Regulatory Authority, allowing it to operate as a fully regulated money services provider.&nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Trump-Affiliated USD1 Stablecoin Surpasses $2.1B Amid Major Corporate Investments</h2>Trump-linked cryptocurrency projects are experiencing significant growth, notably with the <a href="https://coin360.com/news/trump-crypto-stablecoin-binance-mgx-investment-usd1">USD1 stablecoin</a> by World Liberty Financial (WLFI), which has surpassed $2.1 billion since launching in March 2025. Backed by U.S. Treasuries and cash equivalents, USD1 is now operational on BNB Smart Chain, Ethereum, and TRON, contributing to a 30% increase in stablecoin supply on Binance. A pivotal $2 billion investment from Abu Dhabi's sovereign wealth fund, MGX, exclusively used USD1 for a transaction with Binance, signaling increasing confidence in such assets. Additionally, Justin Sun, founder of TRON, has invested $30 million into WLFI and has been appointed an advisor. Concerns over Donald Trump's potential crypto conflicts of interest are rising, with reports suggesting that 37% of his wealth is linked to crypto. Meanwhile, Trump announced over $8 trillion in corporate investments to boost American industries, coinciding with his 100th day back in office, emphasizing domestic revival and manufacturing growth.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>SEC Closes Inquiry into PayPal's PYUSD Stablecoin, Clearing Regulatory Path</h2>The U.S. Securities and Exchange Commission (SEC) has <a href="https://coin360.com/news/sec-closes-paypal-pyusd-probe-stablecoin-supply-soars">concluded its inquiry</a> into PayPal's stablecoin,&nbsp;<a href="https://coin360.com/coin/paypal-usd-pyusd">PYUSD</a>, without taking enforcement action, as detailed in PayPal's Q1 2025 financial report. This inquiry began with a subpoena in November 2023, which raised questions about whether PYUSD might be an unregistered security. The SEC decision removes legal uncertainties for both PayPal and issuer Paxos, and may support the GENIUS Act, a bipartisan Senate bill proposing a regulatory framework for payment stablecoins. PYUSD, launched in August 2023, is a dollar-backed stablecoin fully supported by cash and short-term U.S. Treasury bills, with a circulating supply of approximately $879 million. PayPal plans to integrate PYUSD into its services for over 20 million small businesses by 2025, aiming to enhance payment solutions while navigating ongoing regulatory scrutiny from other agencies.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Mastercard Partners with Circle, Paxos, and OKX to Enhance Global Stablecoin Payments</h2>Mastercard is expanding its support for <a href="https://coin360.com/news/mastercard-stablecoin-partnerships-2025-crypto-card-launch">stablecoin payments</a> through new partnerships with prominent firms, including crypto exchange&nbsp;<a href="https://coin360.com/review/okx">OKX</a>, payments processor Nuvei, and stablecoin issuers Circle and Paxos. This initiative aims to facilitate seamless transactions for consumers and merchants using digital assets, with Mastercard's Chief Product Officer, Jorn Lambert, emphasizing the potential of stablecoins to streamline payments. The partnerships will also introduce the "OKX Card," a crypto-enabled bank card, enhancing accessibility for users. Stablecoins, which are pegged to stable assets like the US dollar, are gaining traction, with ARK Invest reporting a substantial increase in their annualized transaction value, reaching $15.6 trillion in 2024. This represents approximately 119% and 200% of the transaction values of Visa and Mastercard, respectively, highlighting the growing importance and adoption of stablecoins in the financial ecosystem.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Visa and Bridge Launch Stablecoin-Backed Visa Cards in Latin America</h2>Visa has partnered with Bridge to introduce stablecoin-backed Visa cards, enabling developers to create a product that facilitates stablecoin purchases at any merchant accepting Visa. This initiative will launch in several Latin American countries, including Argentina, Colombia, Ecuador, Mexico, Peru, and Chile, allowing merchants to receive payments in local currencies. Bridge will manage the infrastructure for converting stablecoin balances to fiat for transactions. Visa's chief product officer emphasized the aim to integrate stablecoins into its network seamlessly, while Bridge's CEO highlighted this development as a significant opportunity for developers to offer convenient crypto payment solutions.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Mesh Launches Apple Pay Support for Crypto Payments, Settling in Stablecoins</h2>Mesh is set to introduce Apple Pay support for crypto transactions, enabling shoppers to use digital assets while merchants settle in stablecoins at checkout. This feature, launching later in Q2 2025, utilizes Mesh’s SmartFunding technology, allowing retailers to accept crypto without direct handling. This move aims to facilitate mass crypto adoption by streamlining payment processes alongside traditional methods. CEO Bam Azizi emphasized the importance of seamless crypto payments for enhancing global commerce. Mesh recently raised $82 million to expand its stablecoin payments network, reflecting the growing significance of stablecoins in commerce and financial transactions.This article has been refined and enhanced by ChatGPT.

Robot splits USDC coin mid-jump on pastel IPO bridge [Circle]

Robot splits USDC coin mid-jump on pastel IPO bridge [Circle]_11zon.webp

Stablecoin Weekly Roundup: Tether Reboots in US, Circle in Ripple’s Sights

<h2>Circle's Soaring Valuation Fuels Tensions Over USDC and XRP</h2><a href="https://coin360.com/coin/xrp-xrp">Ripple</a>’s attempt to acquire Circle, the issuer of the&nbsp;<a href="https://coin360.com/coin/usd-coin-usdc">USDC</a> stablecoin, has become one of the most closely watched corporate dramas in crypto this year, with bid estimates ranging from $5 billion to a rumored $20 billion. According to several sources cited across industry reports, Ripple made an initial offer between $4 billion and $5 billion—an amount closely aligned with Circle’s current equity valuation of $4 to $6 billion, as assessed by VanEck’s Head of Digital Asset Research, Mathew Sigel. That offer was reportedly dismissed by Circle as “<a href="https://x.com/matthew_sigel/status/1917647009994993944">too low</a>,” though the firm publicly labeled the reports as mere “market rumor.”Unconfirmed sources suggest Ripple may have followed up with a substantially higher bid—reportedly as much as $20 billion. Neither company has publicly verified this number, but the revised offer underscores the escalating urgency Ripple appears to place on acquiring Circle. The timing is critical: Circle filed its S-1 registration with the U.S. Securities and Exchange Commission on April 1, signaling plans to go public under the ticker "CRCL" on the New York Stock Exchange. With JPMorgan Chase and Citigroup leading underwriting duties, the IPO is poised to draw institutional attention, potentially pushing Circle’s post-IPO valuation closer to or even beyond the $9 billion figure it previously aimed for during a failed 2022 SPAC deal.<figure class="image image_resized" style="width:90.55%;"><img alt="twittershots-JohnEDeaton1-1918296766082105804_11zon.jpg" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/twittershots_John_E_Deaton1_1918296766082105804_11zon_b51f858785.jpg"></figure>This comes amid explosive growth for Circle’s USDC, which has seen its&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market capitalization</a> jump from $43 billion to $62 billion since the start of 2025—a 44% increase in just four months. By contrast, its main competitor,&nbsp;<a href="https://coin360.com/coin/tether-usdt">Tether</a>’s&nbsp;<a href="https://coin360.com/coin/tether-usdt">USDT</a>, posted a more modest growth rate of 7.25%, climbing from $138 billion to $148 billion during the same period. Much of USDC’s momentum has been attributed to Circle’s aggressive push toward regulatory compliance, including its alignment with Europe’s MiCA framework and ongoing U.S. legislative developments like the proposed STABLE GENIUS Act. The company's recent launch of a cross-border payment product has also raised eyebrows across the crypto space, not least because the move seems to position Circle in direct competition with Ripple’s longstanding focus on international remittance.Market observers are divided on the strategic motivations behind Ripple’s acquisition attempts. Some suggest the company is aiming to consolidate its position within the broader crypto payments ecosystem by absorbing potential competitors. Varsan Aljarrah, a well-known crypto investor, remarked that Ripple appears intent on “locking in all the liquidity corridors” and securing the infrastructure needed to elevate&nbsp;<a href="https://coin360.com/coin/xrp-xrp">XRP</a>’s role in the global financial system. Others remain skeptical. Simon Dedic, CEO of Moonrock Capital, sharply criticized the move, calling it “the ultimate example of ‘fake it till you make it’ on steroids.”<figure class="image"><img alt="image_11zon.jpg" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/image_11zon_8538a84213.jpg"></figure>Complicating the situation further is&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a>’s minority stake in Circle. If the exchange chooses to exert its influence, it could block any acquisition by Ripple outright, or at the very least, create significant friction. Such a move could even spark a direct bidding war between Ripple and Coinbase, raising the stakes and drawing additional regulatory scrutiny as&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a> continue to gain prominence within financial markets.Meanwhile, pro-XRP attorney John Deaton suggested that Circle’s rising market share, coupled with improving regulatory sentiment in the U.S., makes a $10 billion-plus valuation not only plausible but likely. Whether Ripple continues to chase Circle or recalibrates its strategy remains unknown, as the company has stayed silent on the matter. But one thing is clear: the stablecoin space is no longer just about tokens—it’s a battleground for infrastructure, influence, and institutional adoption.This article has been refined and enhanced by ChatGPT.

Robot leaps across stablecoin orbs in pastel XRP scene

Robot leaps across stablecoin orbs in pastel XRP scene_11zon.webp

Ripple’s Pursuit of Circle: Inside the Multi-Billion Dollar Bids and Stablecoin Power Struggle

<h2>CEO Confirms Strategic Pivot Toward Regulation, Transparency, and Tech Investment</h2><a href="https://coin360.com/coin/tether-usdt">Tether</a>, the issuer behind the world’s largest stablecoin by supply, is&nbsp;<a href="https://www.cnbc.com/2025/05/02/crypto-tether-eyes-us-expansion-with-new-stablecoin-as-ceo-courts-washington.html">preparing a return</a> to the U.S. market with a newly launched dollar-pegged token, signaling a major strategic shift. Confirmed by CEO Paolo Ardoino in a May 2 interview, the move reflects Tether’s bid to reintroduce itself under a more transparent and regulator-friendly image. Long criticized for opacity and links to questionable transactions, the company is now emphasizing close collaboration with law enforcement and legislative bodies in its attempt to redefine its global footprint.Ardoino underscored the firm’s evolving role, describing Tether as a direct advisor on U.S. crypto regulation. He pointed specifically to the GENIUS Act, a proposed bill that aims to offer clearer regulatory guardrails for stablecoin operations. According to the CEO, Tether helped shape the bill’s provisions designed to empower law enforcement, adding, “There is no company… even in the traditional financial system, that has such a breadth of collaboration with law enforcement.” He argued that Tether’s proprietary tools for detecting and blocking criminal activity now outperform those used by conventional financial institutions.This regulatory push comes as the company cements its global operations in El Salvador, where it is currently undergoing its first fiscal cycle under formal oversight. With its headquarters now based in the country, Tether has also focused on fortifying its financial credibility. In the first quarter of 2025, it posted&nbsp;<a href="https://tether.io/news/tether-approaching-120b-in-u-s-treasuries-confirms-quarterly-operating-profit-over-1b-and-strengthens-global-usdt-demand-in-q1-2025/">over $1 billion</a> in operating profit, mostly from traditional investment income. The firm’s U.S. Treasury exposure surged to nearly $120 billion by the end of March, including approximately $99 billion in direct government debt, and the rest through money market funds and reverse repos. To put that into context, Tether now holds around 10.9% of the U.S. Treasuries that Japan—the largest foreign holder—owns, as of Reuters data from February 2025.Alongside its robust reserves, Tether maintains $7 billion in excess equity, which Ardoino described as “unprecedented.” He suggested that traditional financial institutions should consider following Tether’s model to improve their product offerings, a notable statement given the historical skepticism toward stablecoin issuers. The company’s reserve data continues to be verified quarterly by accounting firm BDO, whose attestation reports serve as a transparent record for stakeholders.Tether’s expansion is not limited to financial reserves or regulatory reform. The company has committed more than $2 billion to long-term strategic investments aimed at establishing itself as a major infrastructure player. These initiatives span renewable energy, artificial intelligence, peer-to-peer communication technologies, and data infrastructure—an ambitious pivot that hints at Tether’s broader vision beyond stablecoin issuance.Despite regulatory headwinds and increasing competition in the sector, Tether’s flagship token,&nbsp;<a href="https://coin360.com/coin/tether-usdt">USDT</a>, remains dominant. The dollar-backed stablecoin currently boasts a circulating supply exceeding $149 billion globally, reinforcing its position as the most widely used stablecoin on the market.This article has been refined and enhanced by ChatGPT.

Robot offers stablecoin on financial platform, representing [crypto regulation] theme

Robot offers stablecoin on financial platform, representing [crypto regulation] theme_11zon.webp

Tether Eyes U.S. Return with New Stablecoin as Treasury Exposure Surges to $120 Billion

<h2>$2 Billion Binance Investment, TRON Expansion, and $8T Corporate Pledges&nbsp;</h2>Trump-linked crypto projects are surging in scale and influence, with the USD1 stablecoin—launched by World Liberty Financial (WLFI)—emerging as a centerpiece. Backed by short-term U.S. Treasuries and cash equivalents, USD1 has been deployed across&nbsp;<a href="https://coin360.com/coin/binance-coin-bnb">BNB</a> Smart Chain,&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a>, and recently&nbsp;<a href="https://coin360.com/coin/tron-trx">TRON</a>, where it functions as a TRC-20 token. Since launching in March 2025, the stablecoin’s supply has ballooned past $2.1 billion, making it one of the fastest-growing digital dollars in circulation. The impact is particularly visible on&nbsp;<a href="https://coin360.com/review/binance">Binance</a>’s BNB Chain, where USD1’s growth alone sparked a 30% increase in the total stablecoin supply, shaking up liquidity and ranking metrics across the broader ecosystem.<figure class="image"><img alt="image_11zon.jpg" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/image_11zon_23d17f0fd3.jpg"><figcaption>Source: DefiLlama</figcaption></figure>That momentum carried into institutional corridors when MGX, Abu Dhabi’s sovereign wealth fund, invested $2 billion into Binance using USD1 exclusively. Unveiled during Token2049 in Dubai this April, the deal stands as the largest institutional crypto investment in Binance history. Binance founder Changpeng Zhao confirmed the transaction will be “100% in crypto (<a href="https://coin360.com/glossary/stablecoin">stablecoins</a>),” setting a new precedent for large-scale on-chain capital deployment. The choice to settle entirely in stablecoins—rather than fiat or&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a>—signifies a rising confidence in tokenized dollar assets like USD1 and adds legitimacy to Trump-affiliated financial platforms.<figure class="image image_resized" style="width:90.22%;"><img alt="Screenshot_15_11zon.jpg" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_15_11zon_59d4a11f90.jpg"><figcaption>Source: SatoshiClub/ X</figcaption></figure>Justin Sun, founder of TRON, has taken an active stake in this crypto-political convergence. He invested $30 million into WLFI, becoming its largest private backer, and was subsequently appointed as an advisor. Sun’s involvement has added weight to the ecosystem's visibility, especially with his&nbsp;<a href="https://coin360.com/coin/huobi-token-ht">HTX</a> cold&nbsp;<a href="https://coin360.com/glossary/crypto-wallets">wallet</a> currently leading the&nbsp;<a href="https://coin360.com/coin/official-trump-trump">TRUMP</a> coin leaderboard. His presence is also expected at an exclusive Trump-hosted gathering for top TRUMP coin holders, adding a layer of personal alignment between crypto influencers and the Trump campaign's economic vision.Financial disclosure questions are intensifying as a&nbsp;<a href="https://statedemocracydefenders.org/wp-content/uploads/2025/04/trumps-crypto-conflicts-of-interest-042325.pdf">new report</a> from the State Democracy Defenders Fund (SDDF) claims up to 37% of Donald Trump’s personal wealth is linked to crypto assets. The report points to substantial stakes in the TRUMP meme coin—reportedly up to 80% controlled by Trump and his family, though not independently verified—and in WLFI’s ecosystem, including USD1 and its governance token. Trading fees from the TRUMP coin alone brought in $100 million in January 2025, raising alarms over potential conflicts of interest. Critics argue that Trump’s crypto-friendly regulatory stance, particularly around stablecoin leniency, could serve his financial interests. The SDDF has called for stronger transparency rules, noting that current frameworks don’t require U.S. officials to disclose crypto holdings, despite their rising economic relevance.These revelations coincided with Trump’s 100th day back in office, celebrated by an announcement of over&nbsp;<a href="https://www.foxbusiness.com/politics/whos-investing-america-23-big-companies-just-promised-billions-trump">$8 trillion</a> in pledged corporate investments aimed at revitalizing American manufacturing, energy, and technology. The commitments span sectors and include $150 billion from IBM for AI and chip development, $4 billion from Amazon for data infrastructure, and a $5.8 billion Hyundai steel plant in Louisiana that is expected to create 1,500 jobs. Johnson &amp; Johnson committed $55 billion to manufacturing upgrades, while LNG player Venture Global pledged $18 billion toward energy expansion. Food and agriculture also featured, with Chobani announcing a $1.7 billion investment, including a new $1.2 billion dairy plant in New York.Eric Trump, speaking at Token2049, framed USD1 as a strategic innovation tool: “USD1 is our vehicle for restoring dollar dominance through crypto innovation.” CZ echoed the momentum behind institutional crypto flows, calling the MGX deal Binance’s first and most significant institutional raise. Meanwhile, Trump praised Hyundai’s U.S. manufacturing push, calling the Louisiana steel plant “a beauty” as he emphasized domestic industrial revival. Yet, SDDF’s warning served as a reminder of the political tensions brewing beneath the surface: “Crypto investments by sitting presidents create ethical blind spots that challenge democratic transparency.”This article has been refined and enhanced by ChatGPT.

Robot offers crypto [investment] block to blockchain-rooted money tree

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