Howard Lutnick Confirmed as US Secretary of Commerce
Howard Lutnick, a crypto supporter who has invested hundreds of millions of dollars in Bitcoin, has been confirmed by the US Senate as Secretary of Commerce. This development raises expectations that the US government may take a more positive approach to crypto and blockchain policies
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US SEC Confirms Receipt of Bitwise’s XRP Spot ETF Application
The US Securities and Exchange Commission (SEC) announced that it has received the application for an XRP spot ETF filed by Cboe BZX Exchange on behalf of Bitwise. This development increases regulatory interest in XRP-based investment products in the US
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SEC Seeks Public Comment on Approving Options Trading on Ethereum ETFs
The SEC has requested public feedback to evaluate Cboe Exchange’s application to trade options on the Grayscale Ethereum Trust ETF, Grayscale Ethereum Mini Trust ETF and Bitwise Ethereum ETF.
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Fed Official Daly: “Crypto is an Emerging Industry, We Don’t Want to Stifle Innovation
San Francisco Fed President Mary Daly said that regulatory uncertainty in the US should not slow crypto innovation. She emphasized that the Fed is carefully monitoring the sector but does not want to stifle innovation with excessive regulations
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Charles Schwab Opens New Executive Position to Expand Crypto Services
Financial giant Charles Schwab has created the position of “Head of Digital Assets” to integrate crypto asset management into a broader investment strategy. Joe Vietri was appointed to this position.
Google Explores Google Sign-In Integration for Bitcoin Wallets
Google Cloud’s Asia Pacific Web3 specialist Kyle Song revealed that the company is working on login systems to make Bitcoin wallets as user-friendly as Web2 applications.
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Strategy (MicroStrategy) Plans to Continue Bitcoin Purchases by Issuing $2 Billion in Bonds
Strategy announced plans to issue $2 billion in zero-interest convertible bonds. The company plans to use the funds for Bitcoin purchases and other corporate purposes.
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Tether Mint Another 1 billion USDT on the Tron Network
Stablecoin issuer Tether has printed another 1 billion USDT on the Tron network. By 2025, Tether was reported to have printed a total of 3 billion USDT
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Former Tether CEO Launches Pi Protocol, a Stablecoin Project Based on Yield
Former Tether CEO Reeve Collins announced Pi Protocol, a new stablecoin project that generates returns on tokenized real-world assets. The protocol will launch on the Ethereum and Solana blockchains in the second half of 2025.
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FTX Makes First Refund Distribution, Next Round on Mai 30th
FTX made the first distribution to creditors with claims of less than $50,000. The distribution amount was announced as 1.2 billion dollars. The next round of repayments is scheduled to begin on Mai 30, 2025, during which creditors with claims over $50,000 will be paid.
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US Sanctioned Territories Accounted for 39% of Illegal Crypto Transactions in 2024
According to a report by Chainalysis, US-sanctioned regions such as Iran and Russia accounted for 39% (around $15.8 billion) of all illegal crypto transactions in 2024. These transactions were mostly conducted through mixing services that help evade sanctions.
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Bitcoin and Cryptocurrency Reserve Bill in Utah Presented to Senate Committee
Bitcoin and cryptocurrency reserve legislation in the US state of Utah has been submitted to the Senate Revenue and Taxation Committee. This bill proposes that the state hold Bitcoin and other crypto assets in its official reserves.
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Vitalik Buterin Reveals Ethereum’s Future Roadmap and Rollup Strategy
In his remarks at the warpcast, Ethereum founder Vitalik Buterin emphasized Ethereum’s goal of becoming both a decentralized currency and a “world computer”. Rollup expansion, centralized sequencers and anti-censorship capabilities underpin Ethereum’s long-term value, he said.
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Japan Financial Services Agency Approves New Regulations for Crypto Assets and Stablecoins
Japan’s Financial Services Agency (FSA) has officially approved the new regulatory framework for crypto assets and stablecoins. The report, titled “Fund Settlement System”, was prepared to ensure that crypto assets are traded in a more secure and transparent environment. Brokerage systems have also been launched with the new regulations.
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Musk and Trump to Discuss Plan for $5,000 DOGE Dividend to US Taxpayers
Elon Musk announced on the X platform that he will discuss the “DOGE dividend” plan with President Trump. Under Musk’s proposal, funds saved by the Department of Government Efficiency (DOGE) could be distributed as a $5,000 tax rebate to every US taxpayer family.
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