Societe Generale’s Stablecoin Launch: Societe Generale, a major French bank, has launched a dollar-pegged stablecoin through its digital asset subsidiary, becoming the first major bank to enter this market. This could enhance blockchain-based payments and bridge traditional finance with crypto.
XRP Ledger’s EVM Sidechain: Ripple’s XRP Ledger is set to launch an Ethereum-compatible sidechain in Q2 2025, boosting interoperability and potential use cases for XRP.
Bullish Files for IPO: Crypto exchange Bullish, backed by Peter Thiel, has confidentially filed for a U.S. IPO, reflecting growing confidence in crypto markets amid favorable policies.
CLARITY Act Advances: The U.S. House Agriculture Committee has moved the Digital Asset Market Clarity Act forward, aiming to provide regulatory clarity for cryptocurrencies.
Bitcoin and Market Trends: Bitcoin is holding steady near $110,000, with BlackRock’s ETFs purchasing significant $BTC and $ETH , signaling institutional confidence. The crypto market cap rose 1.8% to $3.54 trillion.
Solana ETF Progress: The SEC has fast-tracked Solana ETF reviews, with issuers updating S-1 filings to clarify in-kind redemption and staking procedures.
Crypto Crime Concerns: Germany reported an 8.2% increase in crypto-related suspicious activity reports, totaling 8,711, highlighting growing scrutiny of financial crimes in crypto.
