Crypto Weekly Roundup: Key Updates and Developments

Fashion

Bitcoin

This week, U.S. Spot Bitcoin ETFs saw strong buying, adding 29.45K BTC (around $2.65 billion).

Business

  • Stripe is working on a stablecoin product for companies outside the U.S., U.K., and Europe, to expand the Dollar’s use globally.

  • Coinbase is waiving transaction fees for trades involving PayPal's stablecoin, PYUSD, to help boost stablecoin adoption.

  • Deutsche Bank and Standard Chartered are considering expanding their crypto operations into the U.S. due to positive regulatory changes.

  • Metaplanet bought 330 BTC for $28.2 million, bringing its total holdings to over $423 million, making it Asia’s biggest corporate Bitcoin holder.

Web3

  • Verifiable AI is gaining attention as people seek more transparent AI systems.

  • Decentralized money markets are growing quickly, allowing users to lend and borrow crypto without needing intermediaries.

Security

  • zkSync recovered $5.7 million after a hack. The hacker returned most of the stolen funds after accepting a bounty offer.

  • A security breach in a Ripple XRP software library has put many crypto wallets at risk.

Regulation

  • The SEC has delayed decisions on ETFs for Polkadot (DOT) and Hedera (HBAR) as it deals with a rising number of digital asset fund applications.

  • Russia is planning a state-backed cryptocurrency exchange for its wealthiest investors, with plans already in progress.

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Disclaimer: This article is for informational purposes only and does not offer investment advice.

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