This week's Other News of Note - #ONN -
🪙Stablecoins continue to explode, with Amazon, Walmart, Bank of America, China’s all exploring a launch, and JP Morgan launching a pilot for its deposit token “JPMD”;
📈Deribit and began integrating BlackRock’s BUIDL as trading collateral;
🇰🇷South Korea’s Financial Services Commission is advancing new rules for crypto and moving towards a launch of spot crypto ETFs;
💰Strategy’s Bitcoin holdings rise to above 590,000;
🇭🇰HSBC Hong Kong advances its blockchain initiatives, with a focus on custody, tokenization, and bond issuance;
🇻🇳Vietnam passed a sweeping legal framework defining and managing crypto;
⚡️Bybit unveiled a new decentralized exchange, Byreal, on Solana;
💲customers can now pay with USDC on Shopify;
💳Coinbase launches an AmEx-backed credit card offering Bitcoin rewards, is seeking SEC approval to offer tokenized equities;
😯Gemini submitted a complaint to the CFTC alleging that CFTC lawyers “misused their offices and millions of taxpayer dollars to engage in trophy-hunting lawfare”;
🇹🇭Thailand okays a five-year capital gains tax exemption on crypto transactions;
🇪🇸Spanish bank BBVA is now advising high net worth clients to allocate 3-5% to Bitcoin and Ether;
🔥LatAM’s Feniix Exergy completed a $75M acquisition using tokenized equity and debt via the GSX Protocol;
💵the Ethereum Foundation donated $500K to support Roman Storm’s defense;
🇧🇷Brazil to impose a flat 17.5% capital gains tax on crypto profits, with losses deductible over five quarters;
⚖️X suspended more than 20 crypto-related accounts on Monday, including and its founder;
🇫🇷A group of French lawmakers are advocating for Bitcoin mining to absorb and monetize the country’s nuclear energy surplus;
🏢Trump Media & Technology Group has filed to launched a new bitcoin and ether ETF on Monday;
💹Athena Labs and Securitize partnered to facilitate 24/7 atomic swaps using the USDtb stablecoin (backed by BlackRock’s BUIDL);
📈Coinbase Derivatives and Nodal Clear are partnering to integrate USDC as eligible collateral for futures trading;
🇵🇰Michael Saylor met with Pakistan’s Finance Minister and other Pakistani leaders to support the country’s crypto pivot.
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