It was a bad week for the prices of cryptography, with BTC and ETH at the same time falling and the Coindesk 20, which covers 80% of the market, losing 7% since Monday.
But fewer speculative active ingredients have shown a lot of volume. The stablecoins, in particular, were the name of the game this week.
The United States Chamber presented a stable bill, following the Senate version which was approved by the Committee last week. Reported Jesse Hamilton. The Wyoming (alias “The Blockchain State”) wants his own stablecoin and he tests the idea on Avalanche, Solana and Ethereum, reported Kris Sandor.
World Liberty Financial (WLFI), the financial protocol supported by Donald Trump and his family, confirmed the launch of his Stablecoin (USD1) this week. And Don Trump Jr. deceived the news at the DC blockchain summit.
Meanwhile, Fidelity Investment, a first tradfi innovator in crypto, is in the advanced stages of the launch of his own stablecoin. The company is part of a strategy to enter the tokenized bond market, Jamie Crawley reported.
Meanwhile, Circle, transmitter of the second largest stablecoin (USDC), finally obtained a license to operate in Japan in partnership with local SBI Holdings, Sam Reynolds reported.
In the news of our European team, Ian Allison has had a scoop on the global network of Sam Altman, holding conferences with visa on the liaison of card functionalities on the chain to a self-cuir crypto portfolio.
Will Canny heard a source that Sam Hill, the COO of the Zodia guard had left and returned to a role in Tradfi. He was able to persuade the standard company in Charter to confirm this decision and we beat competition with history.
Canny followed the next day with a story, not declared elsewhere, on the wave of loss of senior executives in the crypto-prime Falconx broker. (Blackrock, on the other hand, added talent to his team Digital Assets in the United States)
We continued to report on the strategy (microstrategy), a corporate bitcoin treasure pioneer. Christine Lee had a two -hour interview with executive president Michael Saylor, where he thought about Bitcoin as an asset of 200 billions of dollars and promised to burn bitcoin in the name of immortality.
The strategy has invested around $ 33 billion in Bitcoin so far thanks to various action offers, both common and preferred. And James Van Straten explained the differences between the company’s fundraising instruments for Bitcoin purchases. Tom Carreras later followed with a beautiful piece showing how MSTR shareholders could be in danger of Saylor’s purchasing strategy.
Meanwhile, the SEC continued to abandon the application measures against cryptographic societies (immutable was the last, as Cheyenne Ligon reported). But, strangely, a unicoin involving remained open, to the chagrin of the CEO.
It looked almost like a sort of normal week – more increasing than monumental. But then, the president’s own media company announced that it was launching its own ETF and FTEs with Crypto.com. Fortunately, Crypto always has the power to surprise.
