News Updates from the USA

- *Bitcoin and Crypto Regulation*:

The US House of Representatives has passed three significant crypto bills, overcoming earlier Republican resistance tied to CBDC concerns. The bills aim to provide regulatory clarity and framework for the crypto industry.

- *Stablecoin Legislation*:

The US Senate has passed the GENIUS Act to regulate stablecoins, which could boost confidence in the crypto market. The bill now moves to the House for further consideration.

- *Crypto ETFs*:

The SEC has taken steps toward approving new crypto ETFs, including a Bitcoin and Ethereum ETF from Trump Media. This could provide more investment opportunities for investors.

*Market Trends*

- *Crypto Funds*:

Cryptocurrency investment products have seen significant inflows, with assets under management reaching $188 billion. However, Bitcoin ETPs have shown signs of cooling demand.

*Institutional Adoption*

- *Bitmain's US Expansion*:

Chinese crypto giant Bitmain plans to open its first US-based ASIC chip factory, marking a significant shift in the industry.

- *Kraken's Derivatives Platform*:

Kraken has launched a CFTC-compliant crypto derivatives platform in the US, providing new trading opportunities for investors.

- *Anchorage Digital's Stablecoin Partnership*:

Anchorage Digital has partnered with Ethena Labs to issue a GENIUS-Act compliant stablecoin, which could drive adoption in the US crypto market