Crypto Weekly Roundup: SEC Eases Up On Crypto Staking and Binance
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The past week in crypto saw significant actions in the shifting regulatory climate, with the SEC easing its stance on staking and dropping its lawsuit against Binance. Major business moves included 21Shares filing for a spot Dogecoin ETF, BlackRock eyeing a Circle IPO stake, and El Salvador making another Bitcoin purchase. Meanwhile, Web3 innovations and market expansions continued globally, alongside new policy moves from India, Thailand, and the UK. Let’s find out more. Bitcoin El Salvador has once again challenged the International Monetary Fund’s (IMF) stance on cryptocurrency acquisitions, making a fresh Bitcoin purchase shortly after concluding a key review tied to its $1.4 billion loan agreement. Technology Dubai has formally introduced the region’s first government-backed tokenized real estate platform, a move poised to redefine property investment in the emirate. Business In a notable development for crypto-backed financial products, 21Shares has formally filed an application to launch a spot Dogecoin exchange-traded fund (ETF) in the United States. Global asset management heavyweight BlackRock is reportedly preparing to acquire a 10% stake in Circle’s upcoming initial public offering, marking another strategic step into the digital asset sector. Christopher Giancarlo, the former chairman of the U.S. Commodity Futures Trading Commission (CFTC), has formally joined Sygnum, the Swiss-based crypto bank, as a senior policy advisor. Web3 Onchain intelligence layer and InfoFi platform Bubblemaps has announced that Bubblemaps V2 is now open to the public. RZTO, a Solana-based utility token, aims to make a mark in the global telecom sector with its Web3 capabilities and innovative features, making the Web3 transition possible. Sonic SVM, the first chain-extension platform on Solana, has continued to witness impressive growth metrics across its fledgling ecosystem following a successful mainnet launch and developer hackathon that attracted over 250 project submissions. Meta exchanges (MEXs) are transforming crypto trading by aggregating liquidity,…
Filed under: News - @ June 1, 2025 3:17 pm