Invesco is set to assume management of USTB, a tokenized US Treasury fund with more than $900 million in assets, while Superstate will continue to provide the blockchain infrastructure.
Debate over a $1 price target for SHIB flared up again after TXMC argued it would require a market cap larger than the world’s dollar supply, while Michael Gayed used the moment to renew his criticism of speculative crypto assets.
XRP fell more than 4.4% to around $1.02, but Binance derivatives data showed no unusual leverage buildup. The 30-day Z-Score stood at 0.17 as broader crypto liquidations topped $1 billion.
The AGA’s latest industry outlook showed strong executive sentiment, but 81% of respondents called prediction markets a major threat. DraftKings, FanDuel, Fanatics, and bet365 have all left the trade group in the past six months.
In response to the FTX debacle, Taiwanese firm Zhengcheng Group, now a Ledger distributor, launches a cold wallet campaign with dual-phase lottery, up to 4x winning odds, and a 3,000 USDT prize pool to encourage self-custody.
Solana posted about $7.2 billion in weekly spot volume, ahead of Coinbase at $6.4 billion and Kraken at $4.4 billion. Binance stayed far ahead at $34.4 billion, while on-chain trading kept gaining ground.
The CLARITY Act faces a tougher Senate markup after more than 100 amendments were filed. Elizabeth Warren submitted over 40 alone, while Jack Reed and Tina Smith targeted stablecoin yield rules as banking groups sent over 8,000 letters to Senate offices.
Jiuzi Holdings partners with SOLV Foundation to deploy up to $1B from its digital asset plan into SolvBTC.BNB, creating a compliant institutional gateway for Bitcoin staking and RWA yields.
