Market Digest

CW 32. The SEC clarified that liquid staking services fall outside securities laws, offering more regulatory certainty. Meanwhile, crypto is now formally allowed in 401(k) plans by executive order. Coinbase also expands retail access with DEX trading in its app.

CW31. Bitget debuts Unified Account for integrated trading. Binance launches RWUSD, a principal-protected product tied to tokenized U.S. Treasuries. PayPal allows U.S. merchants to accept over 100 cryptocurrencies, signaling further real-world adoption of digital assets.

CW30. SharpLink Gaming and other U.S.-listed firms are building large ETH reserves and staking them, signaling a shift from the Bitcoin-focused model. Binance adds yield-bearing stablecoins USYC and cUSDO as collateral, while Solana plans to boost network compute capacity to 100M units.

CW 29. A long-dormant Bitcoin whale moved 80K BTC, now worth $9.5B, to Galaxy Digital after 14 years of holding. Standard Chartered became the first global bank to offer deliverable BTC/ETH spot trading to institutions. Kraken launched regulated crypto futures trading in the U.S.

CW28. Circle teams with OKX for zero-fee USD↔USDC conversions and agrees a revenue-share deal with Bybit. GMX’s V1 GLP pool was exploited for $40 million, triggering $500 million in withdrawals and a 10% white-hat bounty. Major stablecoin issuers hold $182.4 billion in U.S. Treasuries.

CW 27. Robinhood expands in crypto: commission-free stock tokens on ARB chain, a Layer 2 blockchain, plus EU perpetual futures and staking. BlackRock’s iShares Bitcoin ETF now generates more fees than its S&P 500 fund. At ETHCC, Vitalik Buterin proposed three crypto security tests.