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π―π΅ JUST IN: Japan's SBI Holdings and Startale Group sign MOU to jointly develop a regulated yen-denominated stablecoin compliant with Japanese financial regulations.
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πΊπΈ NEW: The US Senate Banking Committee confirms that it will not hold a crypto market structure markup in 2025, now pushed to early 2026 following bipartisan discussions.
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π Catch up on the news over the last 24 hours!
π¬π§ UK Treasury is drafting new rules to regulate crypto like traditional financial products under FCA oversight by 2027, per The Guardian.
π₯ Tokenized assets hit an all-time high of $330B market cap, spanning stablecoins, tokenized funds, commodities, and stocks, per Token Terminal.
π₯ Phantom to roll out its Phantom Cash debit cards starting this week, launching first in the US with international support coming soon.
πΊπΈ Kevin Hassett, frontrunner for Fed chair, says Trump's views on interest rates will hold "no weight" at the Fed.
π¨ Crypto fear & greed index hits 16, currently in βextreme fearβ.
π₯ JPMorgan is launching a tokenized money market fund on Ethereum.
π¨ Visa to launch a stablecoin advisory practice to help banks explore stablecoin use cases.
π₯ Strategy bought 10,645 $BTC worth ~$980.3M.
π₯ Tom Leeβs BitMine added 102,259 $ETH worth $321.1M last week, bringing total holdings to 3,967,210 $ETH.
π¨ Rippleβs $RLUSD is expanding to Layer 2s via Wormholeβs NTT standard.
β‘οΈ CME Group has launched spot-quoted $XRP and $SOL futures.
π₯ Circle to acquire the Interop Labs team and its intellectual property.
π₯ Elon Musk has become the first person in history to surpass a 600 billion dollar net worth.
π₯ MetaMask now supports $BTC.
πΊπΈ PayPal applies to become a US bank.
π¨ Nasdaq plans to file with the SEC for 23-hour weekday trading of US stocks, per Reuters.
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