๐ต๏ธ South Carolina Governor signs a bill into law that permits businesses to use Bitcoin and crypto for transactions. The law also prohibits the government from transacting in a CBDC. #regulation
๐ต๏ธ 600,000,000 $USDT (599,778,000 USD) transferred from #HTX to Tether Treasury
๐ช๐บ๐ฆ to the Financial Times, Amsterdam-based euro stablecoin project Qivalis has secured backing from 37 European banks, including BNP Paribas, ING, UniCredit, ABN AMRO, Intesa Sanpaolo, and Rabobank. The project aims to promote euro stablecoin adoption and counter the dominance of U.S. dollar stablecoins in the crypto market, where the vast majority of the roughly $320 billion in circulating stablecoins are dollar-denominated. #stablecoin
๐ต๏ธ 600,000,000 $USDT (599,814,000 USD) transferred from Tether Treasury to #HTX
๐ฐ Perp DEX Variational raised $50 million in a Series A round led by Dragonfly.
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Interesting 50$ ๐
๐ต๏ธ According to on-chain analyst Specter, a Kraken and Coinbase user lost $6.7 million, likely due to a physical attack. The victimโs Kraken account saw withdrawals of 1,554 ETH, worth about $3.3 million, and 10.5 BTC, while 34.1 cbBTC, worth about $2.6 million, was withdrawn from Coinbase. Specter noted that the attackers have laundered the stolen funds, with $5.3 million deposited into Tornado Cash. #hack
๐ค Plume has received a Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA) and plans to launch what it describes as the worldโs first regulated onchain asset vault. The vault will support the onchain distribution of regulated tokenized assets under AML standards modeled on Bermuda stablecoin regulations and the U.S. GENIUS Act. Plume also noted that Bermudaโs DAB regime has licensed major crypto firms, including Circle and Coinbase. #regulation
๐งโ๐ป Total RWA market hits $38,000,000,000, per Token Terminal. #rwa
๐ Tether said it has acquired SoftBankโs stake in Twenty One Capital (XXI), with SoftBank representatives stepping down from Twenty Oneโs board after the transaction closed. Following the news, TradingView data showed Twenty One shares rose 5.6% to $8.05 in pre-market trading.
Twenty One is led by Strike founder Jack Mallers and holds 43,514 BTC, making it the second-largest public company holder of Bitcoin.
Twenty One is led by Strike founder Jack Mallers and holds 43,514 BTC, making it the second-largest public company holder of Bitcoin.
๐บ๐ธ๐ Crypto #ETF Flows Today:
Bitcoin ETFs:
1D NetFlow: -4,374 $BTC (-$338.14M)
7D NetFlow: -23,132 $BTC (-$1.79B)
Ethereum ETFs:
1D NetFlow: -35,904 $ETH (-$76.48M)
7D NetFlow: -116,679 $ETH (-$248.53M)
Solana ETFs:
1D NetFlow: +27,115 $SOL (+$2.32M)
7D NetFlow: +194,541 $SOL (+$16.61M)
Bitcoin ETFs:
1D NetFlow: -4,374 $BTC (-$338.14M)
7D NetFlow: -23,132 $BTC (-$1.79B)
Ethereum ETFs:
1D NetFlow: -35,904 $ETH (-$76.48M)
7D NetFlow: -116,679 $ETH (-$248.53M)
Solana ETFs:
1D NetFlow: +27,115 $SOL (+$2.32M)
7D NetFlow: +194,541 $SOL (+$16.61M)
๐บ๐ธ๐ฝ President Trump orders the US government to update regulations to integrate crypto into traditional finance and payment systems.
๐บ๐ธ๐ฎ๐ท Trump stated that negotiations between the USA and Iran have entered the "final stage."