Stablecoins are gaining ground in payments, while political decisions in the US and Asia are influencing the crypto scene. At the same time, ETFs are making progress and positions on Bitcoin continue to be divided.
Bitcoin treasury movements
French Bitcoin Treasury Company Sequans sold 970 BTC for approximately $110 million. Meanwhile, the Trump family added $160 million in BTC to American Bitcoin, while Metaplanet plans to use its BTC as collateral to borrow and reduce the number of shares outstanding.
Stablecoins are gaining ground in payments
The use of stablecoins for payments has jumped 70% since the implementation of US 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 framework, in line with a global trend towards the widespread use of stablecoins.
Bitcoin divides opinion
The co-founder of F2Pool has rejected Bitcoin’s BIP-444 soft fork, calling it “a bad idea.” Meanwhile, Peter Schiff has reaffirmed his pessimistic view of BTC, calling it a “bubble” about to burst.
Tensions between CZ and Warren
Binance founder CZ reportedly threatened to sue US Senator Elizabeth Warren for defamation if she did not retract her statements, which he deemed to be false. This development comes amid tensions following Donald Trump’s presidential pardon, which overturned CZ’s conviction related to the Bank Secrecy Act, marking Binance’s return to the US.
Progress on crypto ETFs
21Shares has filed an application for a Hyperliquid ETF in the US, targeting highly liquid digital assets. At the same time, the Grayscale Solana Trust ETF has been approved for listing on the NYSE Arca, with trading set to begin tomorrow.
