In this weekly recap, we cover:

  • Bitcoin’s 15-year whitepaper anniversary coincides with a significant price surge, stoked by ETF optimism and the Fed’s steady interest rates.
  • BlackRock’s potential role in a spot bitcoin ETF approval sparks a market rally, while major trading firms discuss liquidity provision.
  • The UK government proposes stringent crypto regulations, with the Financial Conduct Authority set to oversee stablecoins and algorithmic tokens.
  • The U.S. Government Accountability Office challenges the SEC’s crypto custody rule, suggesting Congress review the guidance.
  • Tether’s attestation reveals $3.2 billion in excess reserves, with a high percentage in U.S. Treasury bills, amidst market concerns over T-bill oversupply.
  • Coinbase launches regulated crypto futures trading in the U.S., offering “nano-sized” bitcoin and ether contracts.
  • Animoca Brands secures a $50 million investment through a partnership with Saudi Arabia’s Neom Investment Fund, aiming to develop Web3 infrastructure.
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