Today in crypto, CoinFund's David Pakman predicts that the global stablecoin supply may reach $1 trillion by the end of 2025, potentially fueling a crypto market catalyst. Pakman noted that a significant rise in stablecoin adoption is underway, which could enhance decentralized finance activities if exchange-traded funds (ETFs) start offering staking rewards. Meanwhile, Elon Musk sold his social media platform X to his AI startup xAI, coinciding with a US judge's rejection of his bid to dismiss a related lawsuit. The transaction complicates Musk's legal situation, as it exposes xAI to related liabilities. Additionally, US federal agencies, FDIC and CFTC, have eased restrictions on banks engaging in crypto-related activities, signaling a more favorable regulatory environment for the industry. Institutions will no longer need to notify the FDIC before participating in crypto activities, provided they assess associated risks.

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