Weekly Cryptocurrency Highlights: Regulatory Shifts, Market Moves and Strategic Business Decisions
By: Eva Baxter
- FDIC and CFTC Ease Crypto Regulations for Banks: The FDIC now permits banks to engage in cryptocurrency activities without prior approval, provided they meet safety standards.
- Elon Musk's Strategic Move: Merging X and xAI: Musk merges his social media platform X with AI startup xAI for strategic positioning in the tech landscape.
- Reforming DeFi's Yield Model and the Wyoming Stablecoin Debate: DeFi faces challenges with over-reliance on token emissions, and Wyoming advances in stablecoin testing.
- Grayscale Initiates Efforts for Nasdaq Listed Avalanche ETF: Despite AVAX price decline, Grayscale moves forward with launching a spot Avalanche ETF.
- SEC Nominee Paul Atkins Faces Intense Scrutiny Over Crypto Connections: Paul Atkins faces scrutiny during his nomination due to crypto industry ties.
- Ripple Resolves SEC Lawsuit with Major Settlement: Ripple agrees to a $50 million settlement, marking an end to its legal battle with the SEC.
- Bitcoin's Potential Rally Amid US Tariff and Inflation Developments: Economic policy shifts could impact global trade dynamics and bolster Bitcoin's market.
- MicroStrategy Expands Bitcoin Holdings to Over 500,000 BTC: MicroStrategy increases its Bitcoin reserves significantly, reaching 506,137 BTC.
- Immutable Token Surges After SEC Investigation Closure: Immutable's IMX token surges 15% following the closure of an SEC investigation.
- South Korea Cracks Down on Unregistered Crypto Exchanges: The FIU bans 17 foreign crypto exchanges to safeguard investors and curb money laundering risks.
