It was a bad week for cryptographic prices, with BTC and ETH both in fall and the Coendesk 20, which covers 80% of the market, losing 7% since Monday.
But less speculative assets showed a lot of volume. Stablecoins, in particular, was the name of the game this week.
The US Chamber of Representatives. Jesse Hamilton reported. Wyoming (also known as “The Blockchain State”) wants its own Stablecoin and is testing the idea of Avalanche, Solana and Ethereum, Kris Sandor reported.
World Liberty Financial (WLFI), the financial protocol backed by Donald Trump and his family, confirmed the launch of his stablecoin (USD1) this week. And Don Trump Jr. announced the news at the DC Blockchain summit.
Meanwhile, Fidelity Investment, one of Tradfi’s first innovatives in Crypto, is found in the advanced stages of launching his own stablcoin. The company is part of a strategy to enter the tokenized bond market, said Jamie Crawley.
Meanwhile, Circle, the issuer of the second largest stablcoin (USDC), has finally secured a license to operate in Japan in association with local heavyweight holdings, Sam Reynolds reported.
In the news of our European team, Ian Allison had a scoop on the world network of Sam Altman, taking into account the conversations with visa to link the characteristics of the card in the chain with a cryptographic wallet of Autocustody.
Will Canny listened to a source that Sam Hill, the director of Operations of Zodia Custody, had gone and returned to a paper in tradfi. He was able to persuade the standard support of rented support to confirm the movement and beat the competition with history.
Canny continued the next day with a story, without informing in another place, in the wave of loss of senior personnel in Crypto Prime Broker Falconx. (Blackrock, on the contrary, was adding talent to his digital asset team in the United States)
We continue to inform about the strategy (Microstrategy), a pioneer of the Bitcoin corporate treasure. Christine Lee had a two -hour interview with executive president Michael Saylor, where he reflected on Bitcoin as an asset of $ 200 billion and promised to burn Bitcoin on behalf of immortality.
The strategy has invested around $ 33 billion in Bitcoin so far through several offers of shares, both common and preferred. And James Van Straten explained the differences between the company’s fundraising instruments for Bitcoin’s purchases. Tom Carreras later continued with a good piece that shows how Mstr’s shareholders could be at risk of Saylor’s purchase strategy.
Meanwhile, the SEC continued to launch application actions against cryptographic companies (immutable was the last one, as Cheyenne Ligon reported). But, strangely, one that involved Unicoin remained open, for the disgust of the CEO.
It almost felt like a normal type of week, more incremental than monumental. But then, the president’s own media company announced that he was launching his own ETF and ETP with Crypto.com. Fortunately, Crypto still has the power to surprise.
