Here is what happened yesterday in the crypto market:
Crypto Legislation Advances in US
The House Financial Services Committee is expected to mark up market structure legislation next week, and the Senate is nearing passage of its stablecoin bill, signaling significant progress in crypto regulation in the United States. Read more
Deutsche Bank Eyes Stablecoins
Deutsche Bank is exploring stablecoins and tokenized deposits as part of its expanding digital assets strategy, joining other major financial institutions in examining blockchain infrastructure for payments and settlements. Read more
Eric Trump’s Affiliation with TRUMP Memecoin
World Liberty Financial, a DeFi project linked to the Trump family, plans to acquire a substantial stake in the TRUMP memecoin for its long-term treasury. This move highlights the increasing intersection of politics and memecoins. Read more
Spot Ether ETFs See Significant Inflows
Spot Ether ETFs in the U.S. have recorded a third consecutive week of inflows, accumulating $837.5 million. If the trend continues, inflows may surpass $1 billion soon, reflecting growing institutional interest in Ether. Read more
Bitcoin DeFi Platform Suffers $8.3M Exploit
Alex Protocol, a Bitcoin DeFi platform on the Stacks blockchain, experienced an exploit resulting in $8.3 million in losses. This incident underscores the ongoing security risks within the DeFi space. Read more