🚨💥Here are the latest developments in the cryptocurrency world 💥🚨
🇺🇸 U.S. Crypto Policy & Market Activity
Surge in Crypto Deals Under Trump Administration: The return of President Trump has led to a significant increase in cryptocurrency-related deals. Notably, Twenty One Capital, backed by Tether, Bitfinex, and SoftBank, plans a $3.6 billion SPAC merger to adopt a bitcoin-centric investment strategy. Other major deals include Ripple's $1.25 billion acquisition of prime broker Hidden Road and Kraken's $1.5 billion merger with NinjaTrader.
WSJ
Establishment of U.S. Strategic Bitcoin Reserve: In March 2025, President Trump signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile for other cryptocurrencies. This move aims to position the U.S. as a leader in the digital asset space.
Wikipedia
📈 Market Developments
CME Group to Launch XRP Futures: CME Group announced plans to introduce cash-settled futures contracts for XRP on May 19, 2025, pending regulatory approval.
