Crypto World Sees Major Developments in Regulation and Adoption
Last week was a pivotal moment for digital assets, with critically important events in regulation and institutional adoption. Here’s a summary of the key happenings.
Trump’s Crypto Profits
Donald Trump disclosed a $57.4 million crypto windfall from World Liberty Financial.His personal crypto holdings are estimated at $1 million to $5 million, alongside gold stakes worth $250,000 to $500,000.
Cardano’s DeFi Boost
Cardano’s founder suggested a $100 million ADA investment to boost Cardano’s DeFi.
SharpLink’s Ethereum Move
SharpLink gaming, a marketing firm, bought 176,270.69 ETH for $463 million. This makes them the second-largest institutional ETH holder.
SEC and Ripple’s Settlement
The SEC and Ripple filed a motion to dissolve an injunction and release a $125 million penalty. Ripple would get $75 million back, with $50 million going to the SEC. The SEC also reviewed Solana ETF applications.
Tether’s Diversification
Tether acquired a 31.9% stake in Elemental Altus Royalties Corp., a precious metals company. This diversifies their portfolio beyond crypto.
Strategy’s bitcoin Play
strategy began trading its STRD securities on Nasdaq. they also bought 1,045 BTC for $110.2 million, bringing their total holdings to 582,000 BTC.
Ant Group’s Stablecoin Plans
Ant Group plans to apply for stablecoin licenses in Hong kong, Singapore, and Luxembourg onc regulations are in place.
Pudgy Penguins and NASCAR
The Pudgy Penguins NFT collection partnered with NASCAR to reach racing fans globally.
Stripe’s Crypto Move
Stripe acquired Privy, a crypto wallet provider.privy will remain independent under Stripe’s umbrella.
Circle’s USDC Expansion
Circle launched USDC on the World blockchain project. This follows their triumphant NYSE debut.
Polygon’s New Leadership
Sandeep Nailwal became the CEO of the Polygon Foundation, focusing on AggLayer, a cross-chain liquidity protocol.
