BASED ON RECENT REPORTS
Dubai’s Crypto Push: Dubai’s government signed an MoU with Crypto.com to enable cryptocurrency payments for government fees, aligning with its "Dubai Cashless Strategy" to become a leading digital city. Details on accepted cryptocurrencies and specific fees are pending technical finalization.
XRP Price Surge: XRP is trading at $2.43, up over 3%, driven by a reported U.S. tax exemption on crypto trading profits and an 11% increase in XRP holders in 2025. Analysts suggest it could hit $3.00, though declining exchange inflows and liquidations may temper gains.
SEC Leadership Shift: Newly appointed SEC Chair Paul Atkins outlined priorities for a rational crypto regulatory framework, focusing on clear guidelines for crypto assets as securities and expanding broker offerings. This signals a move away from enforcement-driven policymaking.
Bitcoin and Market Trends: Bitcoin is holding above $100,000, with global crypto fund assets reaching $169 billion due to strong inflows. Crypto ETFs in the U.S. hit a record $62.9 billion in net inflows since January 2024. Traders are eyeing Bitcoin’s next moves amid trade deal optimism.
Trump Family’s Crypto Venture: American Bitcoin, backed by Eric and Donald Trump Jr., will go public via a merger with Gryphon Digital Mining, trading as “ABTC” on Nasdaq. The deal, set to close by Q3 2025, saw Gryphon’s shares soar 300%.
Other Developments: GD Culture Group secured $300M to build a crypto reserve with Bitcoin and TRUMP tokens. Metaplanet issued $15M in bonds to buy more Bitcoin, and Coinbase joined the S&P 500, earning praise from Michael Saylor.