1. πͺ Blank-Check βEther Machineβ Set to Hold $1.5B in ETH
Blank-check company Dynamix plans a merger to create Ether Machine, aiming to hold over $1.5β―billion in ether. Backed by Kraken, Blockchain.com, and major investors, the move reflects a shift toward institutional ETH exposure under the current pro-crypto U.S. administration.
2. βοΈTrump Signs GENIUS Act into Law, Ushering in Stablecoin Era
President Trump signed the GENIUS Act, establishing the first federal stablecoin regulations. The law requires issuers to fully back tokens with liquid reserves and conduct monthly auditsβpotentially unlocking trillions in global stablecoin usage.
3. π¦Major U.S. Banks Explore Stablecoins
Several major banksβincluding Bank of America, Morgan Stanley, Citigroup, and JPMorganβare actively exploring or developing USDβpegged stablecoins. Institutional pilots indicate a broader trend of digital dollar innovation amid evolving regulations.
4. πBullish Exchange Files for US IPO Despite Recent Losses
Crypto exchange Bullish has confidentially filed for a U.S. IPO, despite reporting a quarterly $349β―million loss. This move comes as Grayscale and other crypto-focused firms also eye public listings, signaling increased investor confidence.
