🔹Regulations
The CFTC in the US launched the Crypto Sprint Initiative, which aims to implement Trump's course on digital assets. Japan is launching its first stablecoin backed by yen (JPYC), while South Korea is preparing a bill to regulate issuance and collateral.
🇪🇺In the EU, discussions are underway regarding a digital euro on the Solana or Ethereum blockchain. Are Europeans confused? - everyone follows the US into stablecoins, while the EU is creating CBDC at a time when it is being banned at the legislative level in the states. Even China is considering yuan stablecoins for the first time to strengthen the role of its currency.
🔹In the market
Ethereum ($ETH ) - new historical maximum ($4957), and Hyperliquid has surged to the top in revenue per employee, confirming the strength of small but effective teams.
Bitcoin remains in consolidation but has the potential to rise to $130,000. At the same time, the market is gradually entering the altseason phase: dominance $BTC has decreased by more than 1%.
According to Andre Dragos (Bitwise), including cryptocurrency in 401(k) plans may have even more significance for Bitcoin's price than the approval of spot exchange-traded funds (ETFs) in January 2024. An additional $122 billion in new capital, which is a modest 1% of pension portfolios, said Dragos.
🔹Attention can be drawn to three directions:
▫️Asset tokenization: Skybridge is already digitizing hedge funds worth $300 million, while State Street is launching custodial services for JP Morgan's debt securities.
▫️Chainlink (LINK) became the first oracle platform to achieve compliance with ISO 27001 standards (international standard for information security management) and SOC 2.
If a company has this certificate, it means it has implemented a systematic approach to cybersecurity.
▫️The Fed's decisions on rates may give new momentum to BTC and altcoins.
🕯At night, Bitcoin fell below $111,000, according to rumors that unknown whales sold a significant volume of BTC, triggering a wave of liquidations (~$450 million). Overall, during the past week, several transactions related to exchanging long-inactive BTC for ETH were observed (Arkham).
