Stablecoins are gaining ground in payments, while U.S. and Asian policy decisions are influencing the crypto landscape. Meanwhile, ETFs are making further headway, and opinions on Bitcoin continue to be divided.
Bitcoin Treasury Movements
The French Bitcoin Treasury Company Sequans sold 970 BTC for approximately $110 million. Meanwhile, the Trump family added $160 million worth of BTC to American Bitcoin, while Metaplanet is considering using its BTC as collateral to borrow funds and reduce the number of shares outstanding.
Stablecoins Gain Ground in Payments
The use of stablecoins for payments has surged by 70% since the implementation of U.S. regulations, marking increased adoption driven by Western Union and Zelle. According to Visa’s CEO, the payments giant will soon accept four stablecoins on four different blockchains with conversion to fiat currency.
New Regulation in Australia
Australia has decided to classify stablecoins and wrapped tokens as financial products. This decision places these assets under the supervision of the national financial regulatory framework, in line with a global trend where the use of stablecoins is becoming widespread.
Bitcoin Divides Opinions
The co-founder of F2Pool rejected Bitcoin’s BIP-444 soft fork, calling it “a bad idea.” Meanwhile, Peter Schiff reaffirmed his pessimistic view of BTC, calling it a “bubble” on the verge of bursting.
Tensions Between CZ and Warren
Binance founder CZ reportedly threatened to sue U.S. Senator Elizabeth Warren for defamation if she did not retract her statements, which he deemed false. This development comes amid heightened tensions following Donald Trump’s presidential pardon, which overturned CZ’s conviction under the Bank Secrecy Act, marking Binance’s return to the United States.
Progress on Crypto ETFs
21Shares has filed an application for a Hyperliquid ETF in the U.S., targeting highly liquid digital assets. Meanwhile, the Grayscale Solana Trust ETF has received approval to list on the NYSE Arca, with trading set to begin as early as tomorrow.
