Summary
gm, President Donald Trump addresses the Blockworks Digital Asset Summit, becoming the first sitting U.S. president to speak at a crypto conference. Trump reaffirmed his commitment to making America the "undisputed Bitcoin superpower" and called for clear legislation on stablecoins. Meanwhile, the crypto market showed positive movement following the Federal Reserve's decision to keep interest rates unchanged, with Bitcoin nearing $86,000 and Ethereum surpassing $2,000. Notably, Ripple celebrated the SEC's decision not to appeal its lawsuit, marking a potential shift in the regulatory landscape for cryptocurrencies.

News Headlines
🌐 Solana Futures ETFs Launch, Boosting Institutional Adoption

  • Volatility Shares launched two Solana futures ETFs: the Volatility Shares Solana ETF (SOLZ) and the 2X leveraged Volatility Shares Solana ETF (SOLT).
  • Analysts project Solana could see net assets between $3 billion and $6 billion within the first six months post-launch.

🤖 44% of Crypto Users Bullish on AI Tokens: CoinGecko Survey

  • A CoinGecko survey revealed that 44% of crypto participants are optimistic about the prices of crypto AI tokens.
  • The $23.6 billion market sector sees positive sentiment in both investment and technological aspects of crypto AI.

🏛️ Australia Unveils New Crypto Regulations, Addresses Debanking

  • The Australian government introduced a new regulatory framework for digital assets, requiring major crypto platforms to obtain an Australian Financial Services Licence.
  • The plan includes regulations for digital asset platforms and payment stablecoins under existing financial services laws.

🏦 Kraken Acquires NinjaTrader for $1.5 Billion to Offer Crypto Futures

  • Kraken is acquiring futures trading platform NinjaTrader for $1.5 billion to enhance its market position and offer crypto futures and derivatives in the US.
  • The acquisition will allow Kraken to diversify into multiple asset classes, including equities and payments.

Market Metrics

Fundraising & VC
1. TON Foundation (Private Token Sale, $400M) - Oversees the development of TON
2. Walrus (Private Token Sale, $140M) -  Decentralized storage and data availability protocol
3. Uranium Digital (Seed, $6.1M) -Institutional-grade spot uranium trading platform
4. Manifest Finance (Pre Seed, $2.5M) - U.S. real estate on-chain

On-chain Data
1. Space ID (ID) token unlock in 1 day ($20.13M, 8.74%)
2. Coin98 (C98) token unlock in 2 days ($1.04M, 1.59%)
3. Renzo (REZ) token unlock in 2 days ($816.37K, 2.22%)
4. Casper (CSPR) token unlock in 2 days ($567.65K, 0.39%)

Regulatory
👨‍⚖️ Gotbit Founder Pleads Guilty to Fraud, Market Manipulation

  • Aleksei Andriunin, founder of Gotbit, pleaded guilty to wire fraud and market manipulation charges.
  • Aleksei misled investors and artificially inflated value of certain cryptocurrencies.

⛏️ SEC: Proof-of-Work Mining Doesn't Violate Securities Laws

  • The SEC announced proof-of-work mining for Bitcoin, Dogecoin etc. does not violate US securities laws.
  • This move reflects a shift to a more accommodating regulations under new SEC leadership.

🏦 US Bank Agency Removes "Reputational Risk" from Crypto Exams

  • U.S. Bank Agency removed "reputational risk" criteria from examination processes for banks dealing with crypto.
  • This was made in response to crypto industry concerns that existing criteria were overly burdensome.

🏛️ Pakistan Eyes Legal Framework for Crypto

  • Pakistan is planning to create legal framework for cryptocurrency to attract international investors.
  • The move aims to establish regulatory clarity conducive to business growth in crypto sector.

🌐 ECB Economist Calls for European CBDC

  • ECB's chief economist emphasized the need for European Central Bank Digital Currency (CBDC).
  • CBDC proposed to counter challenges from stablecoins and non-European tech firms.

Technical Analysis
Bitcoin - Bitcoin shows weak development in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Bitcoin. The currency has support at points 80000 and resistance at points 92600. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The RSI curve shows a falling trend, which supports the negative trend. The currency is overall assessed as technically negative for the short term.

Ethereum - Ethereum is in a falling trend channel in the short term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency has support at points 1870 and resistance at points 2750. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. RSI diverges positively against the price, which indicates a possibility for a reaction up. The currency is overall assessed as technically negative for the short term.

Governance & Code
⚖️ Balancer DAO | Protocol Fee Controller Migration (Active Vote)
- This proposal seeks to migrate the ProtocolFeeController to a V2 version that resolves limitations in tracking protocol fees offchain and handling pool-specific state. 

👻 Aave DAO | Aave Umbrella - Activation (Preliminary Discussion)
- This proposal from BGD Labs aims to activate Aave Umbrella, a new system that will replace the existing Aave Safety Module enabling users to stake Aave v3 aTokens and GHO for rewards and risk of slashing rather than AAVE and stkABPT.

☁️ Sky DAO | Spark Liquidity Layer Ethereum - Onboard Maple syrupUSDC
- This proposal aims to onboard Maple's syrupUSDC to the Spark Liquidity Layer on Ethereum.