Summary
gm, Bitcoin maintained its position above $93,000 amid mixed market signals. Riot Platforms secured a $100 million Bitcoin-backed loan from Coinbase, reflecting growing institutional interest in crypto-backed financing. SOL Strategies announced a major $500 million credit facility to expand its Solana investments, highlighting increased institutional activity in the Solana ecosystem. Meanwhile, the CME Group revealed plans to launch XRP futures, signaling broader mainstream acceptance of cryptocurrencies. These developments occurred against a backdrop of ongoing regulatory discussions, with the SEC preparing for its second crypto policy roundtable focusing on custody practices.

News Headlines
🤝 Coinbase Partners with PayPal for Stablecoin Integration

  • Coinbase has announced free conversions between PayPal's PYUSD stablecoin and the U.S. dollar for both retail and institutional users.
  • The exchange plans to broaden its infrastructure support for stablecoin transactions, particularly for PayPal's largest merchant partners.

📱 Helium Partners with AT&T for Decentralized WiFi

  • Helium has partnered with AT&T to provide users automatic access to its decentralized WiFi network.
  • The collaboration allows AT&T customers to connect to Helium's community-built network, consisting of over 93,500 hotspots in the US.

💰 Twenty One Capital Launches as Major Bitcoin Investment Firm

  • Twenty One Capital, led by Jack Mallers, aims to surpass Michael Saylor's firm in attracting Bitcoin investors, backed by Tether, SoftBank, and Cantor Fitzgerald.
  • The company plans to manage 42,000 Bitcoin, making it the third-largest corporate Bitcoin holder, and is pursuing a public listing through a merger with Cantor Equity Partners.

📈 ARK Invest Raises 2030 Bitcoin Price Target to $2.4M

  • ARK Invest has increased its bullish Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, citing growing institutional adoption and Bitcoin's role as 'digital gold'.
  • The firm predicts Bitcoin could capture a 6.5% share of the $200 trillion financial market and 60% of gold's $18 trillion market cap by 2030.

🌐 Citigroup Predicts 'ChatGPT Moment' for Blockchain Adoption in 2025

  • Citigroup forecasts a surge in adoption of stablecoins and blockchain technology in 2025, comparing it to the rapid rise of ChatGPT.
  • The report suggests the stablecoin market could grow to between $1.6 trillion and $3.7 trillion by 2030, depending on regulatory clarity.

Market Metrics

Fundraising & VC
1. Sol Strategies (Post IPO Debt, $500M) - Publicly traded Solana infrastructure company
2. Alpaca (Series C, $52M) - Developer-first API for stock, options and crypto
3. Theo (Undisclosed, $20M) - Institutional-grade trading infrastructure platform

On-chain Data
1. AltLayer (ALT) token unlocked today ($5.85M, 6.04%)
2. Xai (xai) token unlock in 1 days ($2.62M, 3.71%)
3. Grass (GRASS) token unlock in 2 days ($6.56M, 1.35%)
4. Open Campus (EDU) token unlock in 3 days ($3.07M, 8.3%)

Regulatory
🏛️ SEC Shifts Stance on Crypto Regulation

  • The Federal Reserve has withdrawn guidance requiring banks to notify regulators of crypto activities, joining the OCC and FDIC in easing restrictions.
  • Banks can now engage with digital assets without explicit regulatory permission, marking an end to perceived anti-crypto policies.

🏠 El Salvador Proposes Tokenized Real Estate Sandbox

  • El Salvador has proposed a regulatory sandbox to the US SEC for experimenting with tokenized real estate.
  • The initiative aims to provide a testing ground for US companies interested in tokenized assets, including real estate projects.

📊 FBI Reports $9.3B Lost to Crypto Fraud in 2024

  • The FBI reported that Americans lost $9.3 billion to cryptocurrency-related scams in 2024, a 66% increase from the previous year.
  • Individuals aged 60 and older were particularly vulnerable, losing nearly $3 billion.

🌐 Ljubljana Named World's Most Crypto-Friendly City

  • Ljubljana, Slovenia, has been ranked as the most crypto-friendly city globally by migration advisory firm Multipolitan.
  • The ranking considered factors such as regulations, lifestyle, and digital infrastructure.

🏈 Shaquille O'Neal Settles FTX Lawsuit

  • Shaquille O'Neal has settled a lawsuit alleging his involvement in promoting unregistered securities for the now-defunct crypto exchange, FTX.
  • The particulars of the settlement remain confidential as the parties have requested to keep the terms private.

Technical Analysis
Bitcoin - Bitcoin has broken through the ceiling of a falling trend channel in the short term. This indicates a slower falling rate initially, or the start of a more horizontal development. The currency has marginally broken up through resistance at points 93000. An established break predicts a further rise. RSI is above 70 after a good price increase the past weeks. The currency has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically slightly positive for the short term.

Ethereum - Ethereum has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The currency has support at points 1420 and resistance at points 1880. RSI above 70 shows that the currency has strong positive momentum in the short term. Investors have steadily paid more to buy the currency, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically slightly negative for the short term.

Governance & Code
🏆 Karrat DAO | Increased transparency from the Karrat Foundation (KIP 13) (Pending Analysis)
- This proposal requests that the Karrat Foundation publicly disclose details about the roles, responsibilities, and compensation of its employees, contributors, and contractors.

🏔️ Ampleforth DAO | WAMPL/stAMPL Liquidity Pool (Preliminary Discussion)
- Voting has started on a proposal to establish a WAMPL-stAMPL liquidity pair using Curve’s volatile pools to address the volatility challenges facing stAMPL holders.