1. Blank-Check “Ether Machine” Set to Hold $1.5B in ETH
Blank-check company Dynamix plans a merger to create Ether Machine, aiming to hold over $1.5 billion in ether. Backed by Kraken, Blockchain.com, and major investors, the move reflects a shift toward institutional ETH exposure under the current pro-crypto U.S. administration.
2. Trump Signs GENIUS Act into Law, Ushering in Stablecoin Era
President Trump signed the GENIUS Act, establishing the first federal stablecoin regulations. The law requires issuers to fully back tokens with liquid reserves and conduct monthly audits—potentially unlocking trillions in global stablecoin usage.
3. Major U.S. Banks Explore Stablecoins
Several major banks—including Bank of America, Morgan Stanley, Citigroup, and JPMorgan—are actively exploring or developing USD‑pegged stablecoins. Institutional pilots indicate a broader trend of digital dollar innovation amid evolving regulations.
4. Bullish Exchange Files for US IPO Despite Recent Losses
Crypto exchange Bullish has confidentially filed for a U.S. IPO, despite reporting a quarterly $349 million loss. This move comes as Grayscale and other crypto-focused firms also eye public listings, signaling increased investor confidence.
