key Crypto Developments This Week
Recent events have shaped the crypto world, with major moves in technology, regulation, and market trends.
Elon Musk and Donald Trump’s ongoing feud has affected related meme coins. When Trump criticized Musk, the Tesla CEO responded during a public spat on X. This heated exchange hit TRUMP and DOGE coins hard, causing them to drop in the latest 24-hour trading period.
Crypto wallet named after Trump met resistance from his children, who issued a cease-and-desist.
Circle’s IPO also topped expectations. The company offered more shares and priced its IPO higher, raising about $1.1 billion.
Big players like Strategy and Semler Scientific increased their Bitcoin holdings.Strategy expanded an earlier plan, raising $75 million to buy more BTC. Semler spent $20 million for 185 BTC, bringing their total to over 4,000.
The UK is proposing to lift a ban on retail crypto exchange-traded notes.This move would harmonize the UK market with global practices.
Metaplanet plans a huge $5.3 billion investment in Bitcoin, which would position them as a major corporate collector.
Yuga Labs wants to change ApeCoin’s governance system, citing inefficiencies. Meanwhile, Robinhood completed its Bitstamp acquisition for $200 million, expanding its reach in Europe.
Ripple’s stablecoin, RLUSD, gained approval in Dubai, enhancing its regional presence. despite these gains,some areas like wazirx faced setbacks,with its restructuring plan rejected by a Singapore court.
