Today's Crypto News
*Market Trends*
- *Global Cryptocurrency Market*: The global cryptocurrency market capitalization decreased by 3.32% to $3 trillion, with a daily trading volume of $111 billion.
- *Bitcoin (BTC)*: Bitcoin dropped 0.5%, trading at $92,808.
- *Ethereum (ETH)*: Ethereum dropped 2.4%, trading at $1,752.
*Adoption and Partnerships*
- *Paydify's Launch*: Paydify, a universal gateway for crypto payments, has launched to enable businesses to accept crypto payments from any wallet or blockchain network.
- *Arch Labs Funding*: Arch Labs closed a $13 million Series A funding round to launch a native Bitcoin Virtual Machine.
- *Ubisoft and Immutable Partnership*: Ubisoft teamed up with Immutable to launch a blockchain-based strategy card game, Might & Magic: Fates.
- Trump Media and (link unavailable) Partnership: Trump Media finalized its ETF partnership with (link unavailable) to launch exchange-traded funds (ETFs) with a "Made in America" focus ¹ ².
*Regulatory Updates*
- *Fed Guidelines*: The Fed pulled back guidelines for banks on crypto and stablecoins.
- *Stablecoin Regulations*: Upcoming regulatory clarity around stablecoins in the US may lead to expansion in this direction, according to Luca Prosperi, co-founder and CEO at M0 ³ ⁴.
*Other News*
- *Inco's Funding*: Inco raised $5 million in a funding round led by a16z CSX to build a confidentiality layer for the blockchain stack.
- *RedStone Appointment*: RedStone appointed former Chainlink director Mike Massari as strategic advisor.
- *TRUMP Memecoin*: The TRUMP memecoin surged 52% from $9.30 to $14.20, with US President Donald Trump hosting a dinner for top holders ² ³.
