In this weekly recap, we cover:
- Ethereum ETF Staking Proposal – Cboe BZX files to allow staking in the 21Shares Core Ethereum ETF, aiming to be the first U.S. ETF to stake ETH.
- Trump’s Crypto Summit Pivot – The White House scraps its planned crypto council in favor of rotating industry summits.
- $160M Loan for TRUMP Memecoin Frenzy – Ripple and Galaxy Digital provide emergency funding to MoonPay as TRUMP memecoin trading explodes.
- SEC’s Hester Peirce on Memecoins – Peirce says most memecoins likely fall outside SEC jurisdiction, pointing to Congress or the CFTC for oversight.
- Brian Quintenz to Lead CFTC – Trump nominates the former commissioner and a16z policy head, signaling a shift in crypto regulation.
- Franklin Templeton and Grayscale Expand ETFs – Franklin Templeton files for a Solana ETF, while Grayscale submits a spot Cardano ETF proposal.
- Uniswap’s Unichain Goes Live – Uniswap launches a Layer 2 blockchain on Optimism’s OP Stack, cutting fees and improving DeFi performance.
- BitGo Eyes 2025 IPO – The crypto custody firm, valued at $1.75 billion, is in talks about going public.
- Central African Republic’s Memecoin Crashes – CAR token drops 97% after skepticism over its legitimacy and deepfake concerns.
- OpenSea’s SEA Token Airdrop – OpenSea unveils OS2, an upgraded platform with cross-chain trading and a SEA token reward for early users.
- Fun Bits: CZ’s Dog Broccoli Becomes a Meme – CZ reveals his pet, Broccoli, and the crypto world rushes to launch Broccoli-themed memecoins.
