Crypto’s comeback tour continues both in terms of price and developments. Last week, Bitcoin opened the market with a broad smile at $125,000, and major coins floated with the flow. However, that broad smile stayed only for a few days as it declined to $111,000 at the time of reporting. Several institutions and governments raised their interest in crypto adoption, regulation, and renovation, stirring the pot on both sides of the Atlantic. Here is a short crypto news roundup of what moved the markets this week.
Meme mania returns: Roundhill unveils new MEME ETF
Roundhill Investments has relaunched its Meme Stock ETF (MEME) after a shutdown in 2023 due to fading investor enthusiasm.
Kraken drives into CME
Crypto exchange Kraken has rolled out Kraken Derivatives US, enabling U.S. traders to access CME-listed crypto futures directly from its platform.
$75 billion in dirty crypto just sitting there
Blockchain analytics platform Chainalysis identified $75 billion worth of illegal cryptocurrency remains unspent in publicly accessible wallets.
Peru’s crypto banking breakthrough
BCP has become the first Peruvian bank to offer regulated access to crypto, signaling a major step toward mainstream crypto adoption.
Citi taps into stablecoin innovation
Citigroup’s venture arm, Citi Ventures, has invested in BVNK, a London-based stablecoin infrastructure firm.
UK lifts 4-year ban on exchange-traded notes
After a four-year ban, the Financial Conduct Authority (FCA) of the UK has lifted its ban on exchange-traded notes (ETN) for retail clients, saying the digital asset industry has evolved with better infrastructure and oversight.
Trump Coin ETF clears DTCC listing
Canary Capital’s Trump Coin ETF was added to the DTCC (Depository Trust & Clearing Corporation) list — indicating it has passed key operational checks ahead of possible trading.
Aave, Blockdaemon unlock institutional access to DeFi
Aave, a decentralized finance (DeFi) protocol, has partnered with Blockdaemon, a blockchain infrastructure provider, to offer lending services to Blockdaemon’s Earn Stack platform.
Apart from these major developments, come Europe’s bold move to challenge the US dollar’s dominance with its Euro-pegged stablecoin, Russia’s new crypto regulation, the Democrats’ DeFi legislation leak that has stalled crypto discussion, and much more.
Stay ahead with the latest weekly update on AltCoin Desk.
