Here is what happened yesterday in the crypto market:
BlackRock’s Tokenized Treasury Fund Used as Collateral
BlackRock’s $2.9B tokenized U.S. Treasury fund (BUIDL) can now be used as collateral on Crypto.com and Deribit, expanding its utility in crypto trading platforms. Read more
UK to Propose Restrictions on Banks’ Crypto Dealings
The Bank of England plans new proposals by 2026 to regulate banks’ exposure to crypto, aiming to protect financial stability in the U.K. Read more
Senate Passes GENIUS Act, Advancing Stablecoin Regulation
The U.S. Senate passed the GENIUS Act, a bipartisan effort to establish a regulatory framework for stablecoins, potentially accelerating their adoption by financial institutions. Read more
Healthcare Firm Prenetics Invests $20M in Bitcoin
Hong Kong-based healthcare firm Prenetics, advised by a former Trump advisor, has invested $20 million in Bitcoin, mirroring MicroStrategy’s corporate treasury strategy. Read more
3iQ Launches XRP ETF on Toronto Stock Exchange
Canadian asset manager 3iQ has launched an XRP ETF (XRPQ) on the Toronto Stock Exchange, providing investors with direct exposure to XRP. Read more