Today in crypto, David Pakman from CoinFund highlighted that the global stablecoin supply could reach $1 trillion by the end of 2025, potentially acting as a major catalyst for the market. He indicated that a dramatic increase from $225 billion to $1 trillion in stablecoins could stimulate decentralized finance activities significantly, especially if exchange-traded funds (ETFs) can provide staking rewards. Meanwhile, Elon Musk sold X, his social media platform, to his AI venture xAI amidst ongoing legal challenges claiming he delayed disclosing his investment in the platform. This sale may complicate Musk's legal situation further. Additionally, the FDIC and CFTC have relaxed certain crypto-related restrictions for banks, allowing them to engage more freely in crypto activities, indicating an easing regulatory environment. The shift may contribute to a more conducive atmosphere for the crypto market as various financial institutions adapt to changes in regulatory policy.

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