❕ BitMEX co-founder calls Circle’s IPO the start of a "stablecoin mania" bubble

Arthur Hayes also warns most new issuers will be overvalued and doomed without distribution via crypto exchanges, banks, or social media giants.

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🪙 Bank of America recognizes Bitcoin as top disruptive innovation

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🔝 XRP Ledger has recorded its highest-ever daily active address count, averaging over 295,000 users this past week.

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❕ MEV* bots are clogging blockchains faster than networks can scale, says Flashbots

* — Maximal Extractable Value bots are automated programs designed to maximize profits by exploiting opportunities within blockchain transactions.

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⚡️ Thai Cabinet approves tax incentive to promote digital assets

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⚡️ Coinbase is working to obtain SEC clearance in the US for the listing of blockchain-based stocks

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⚡️ The X accounts of PumpFun and its founder have been restored

🔄 Earlier: PumpFun X account suspended.

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📣 Scott Bessent, US Treasury Secretary, says: “A thriving stablecoin ecosystem will drive demand from the private sector for US Treasuries, which back stablecoins".

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🪙 BBVA, Spain's second-largest bank, is advising its affluent clients to allocate funds to BTC investments

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🪙 BTC = $103,954
💎 ETH = $2,473
💎 TON = $2.94

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⚡️ JPMorgan will test its JPMD deposit token on a Coinbase-integrated blockchain platform

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💎 Plush Pepe NFT Collection on TON holds the #13 spot by market cap among all blockchains

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🔥 The GENIUS Act stablecoin bill has garnered sufficient Senate votes for approval

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⚡️ Officials from the JPMorgan held a meeting with the SEC’s crypto-focused task force

Subject of the discussion:

• Summary of JPMC’s activity in digital finance and debt services, with emphasis on Repo. Includes analysis of competitive changes as markets evolve.

• Assessment of how public blockchains could reshape capital markets operations and guidance on managing related risks and benefits.

• Next steps for engagement with the Task Force.

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⚡️ JDcom* aims to secure a global stablecoin license, targeting a 90% reduction in cross-border payment costs and settlement times below 10 seconds

* — China's leading retailer.

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📣 David Sacks says: “GENIUS Act enhances consumer protection, and extends US dollar dominance online”.

🔄 Earlier: The GENIUS Act has garnered sufficient Senate votes for approval.

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⚡️ To enhance its global presence, China's central bank has launched an e-CNY center, highlighting stablecoins' role in transforming cross-border payments

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❕ Crypto Fear & Greed Index hits 48 — neutral

🔄 Earlier: Index hits 62.

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🪙 Leading Chinese Bitcoin mining equipment manufacturers* are establishing US production facilities to bypass tariffs

* — Bitmain, Canaan, MicroBT.

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🪙 To fund the acquisition of up to 1,000 BTC, K33* is initiating a share issuance

* — Norvegian crypto broker.

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