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Quick Take Standard Crypto led the fundraising, with further support from a16z crypto, Electric Capital, Creditcoin, Lvna Capital, Protagonist, Franklin Templeton Digital Assets and other investors. The Walrus Foundation oversees the growth and development of Walrus, a Sui-based decentralized data storage platform initially developed by Mysten Labs.
Quick Take Canary Capital filed for that ETF in a registration statement to the SEC posted on Thursday. Firms have been looking to get the SEC’s sign-off for several different types of crypto ETFs ranging from ones tracking SOL and XRP to DOGE — and now Pengu.
Quick Take President Trump, due to show at 10:40 a.m. ET, appeared on screen at the conference at 11 a.m. ET. to repeat actions he has made in a move to bolster crypto, while bashing former President Joe Biden. Trump has been embraced by many in the crypto industry for his friendlier approach to digital assets than the previous Biden administration.
Quick Take The Open Network Foundation, or TON Foundation, said a group of VCs including Sequoia Capital, Ribbit, Benchmark and Kingsway invested over $400 million buying the Toncoin cryptocurrency. TON is the blockchain used to power the growing number of mini apps that function within the Telegram’s messaging app ecosystem.
Quick Take BlackRock’s head of digital assets spoke about the potential benefits of allowing staking for spot Ethereum ETFs, which by some estimations, have underperformed in terms of attracting investors. Meanwhile, NYSE Arca filed a proposed rule change that would pave the way for permitting Bitwise’s ether ETF to earn yield from staking the cryptocurrency.
- 01:26White House: GENIUS Act Legislation Will Pave the Way for the U.S. to Lead the Global Digital Currency RevolutionAccording to Jinse Finance, the White House has issued a statement highly praising the passage of the GENIUS Act, describing it as historic legislation that will pave the way for the United States to lead the global digital currency revolution. President Trump stated that the act “creates a clear and concise regulatory framework to establish and unlock the tremendous potential of dollar-backed stablecoins. This may be the greatest revolution in financial technology since the birth of the internet.” Bo Hines, Executive Director of the Presidential Digital Asset Advisory Committee, said, “We are ensuring the dominance of the dollar, unleashing innovation, and securing America’s permanent leadership in the future of digital finance.” The White House’s cryptocurrency czar, David Sacks, commented, “Today we have achieved another historic legislative milestone, marking an important step in President Trump’s commitment to making the United States the world’s crypto capital.” Treasury Secretary Scott Bessent stated, “Blockchain technology will drive the next generation of payments, and the dollar is about to go on-chain. Thanks to President Trump’s visionary leadership, the GENIUS Act will help solidify the dollar’s status as the global reserve currency for generations to come.”
- 00:42Mastercard Global Head: The 'GENIUS Act' Marks a Turning Point for Stablecoin Adoption as Major Players Prepare Their StrategiesAccording to ChainCatcher, as reported by DL News, Jesse McWaters, Mastercard's Global Head of Policy, stated that the "GENIUS Act" marks a turning point for mainstream adoption of stablecoins and will drive institutional participation and the development of compliant stablecoins. He said the act ushers in "a new era of regulatory clarity and confidence in digital assets." The legislation allows regulated institutions to issue US dollar-backed stablecoins, and major players such as JPMorgan, Citi, Bank of America, Amazon, and Apple are all advancing related initiatives. He added, "Mastercard has been preparing for this for a long time."
- 00:42Data: A newly created address received 47,121 ETH worth $167 million from FalconXAccording to ChainCatcher, on-chain analyst Onchain Lens (@OnchainLens) has monitored that a newly created wallet address received 47,121 ETH, worth $167 million, from FalconX.