Crypto Markets/ETFs
- Spot bitcoin ETFs recorded $649M in net outflows, the largest since January.
- Bitcoin treasury firm Strategy bought another 24,869 BTC for $2B, pushing
holdings above 4% of total bitcoin supply.
- Bitmine increased ether treasury holdings to 5.28M ETH, exceeding $12B in
value.
- French bitcoin treasury firm Capital B bought $15M in BTC following a capital
raise.
Regulation/Policy
- Minnesota signed a law allowing banks and credit unions to offer crypto
custody services.
- SEC innovation exemption for tokenized stocks could arrive as early as this
week.
- Bank of England and FCA launched consultation on tokenized UK wholesale
markets.
- Zerohash secured the first EMI license under MiCA for stablecoin and brokerage
services in Europe.
- Galaxy obtained a New York BitLicense to offer digital asset services.
Stablecoins/Tokenization
- Standard Chartered projects tokenized assets will reach $4T by end-2028, with
DeFi protocols as key beneficiaries.
- Bernstein says Clarity Act yield compromise strengthens Circle’s competitive
position amid record stablecoin supply.
- Tether invested in remittance fintech LemFi to expand USDT settlement across
Africa and Asia.
- Iran-linked report says Hormuz Safe bitcoin-settled insurance platform targets
$10B generation.
Industry/Corporate
- Kraken co-CEO says revenue rose 3% to $507M, reflecting a “more resilient”
business mix.
Revolut unveiled its first physical crypto card.
- Standard Chartered to absorb Zodia Custody’s crypto business into its own
operations.
- HIVE stock surged 35% after unveiling a 320MW AI gigafactory project in
Toronto.
- Bitcoin Depot filed for Chapter 11 to wind down operations.
Technology/Security
- BTCFi protocol Echo exploited, targeting the eBTC market on Monad.
- Ethereum conviction strengthened as staked ETH continued rising despite weaker
price performance.
- Ostium’s onchain perpetuals exchange to use Nasdaq market data.
- Two more Ethereum Foundation researchers resigned amid ongoing departures.
- AEON raised $8M led by YZi Labs to build a settlement layer for AI agents.
Legal/Crime
- Ohio man sentenced to nine years for operating a $10M crypto Ponzi scheme.
