Spark Allocates $1B to US Treasury-backed RWAs to Lead On-Chain Capital Allocation Category

Florida's bills to allocate up to 10% of select public funds to Bitcoin were withdrawn as the legislative session ended. Several states, including Arizona and Oklahoma, have also rejected or abandoned similar efforts due to various reasons like risk and volatility concerns.

President Trump is hosting two crypto-themed dinners, one for top $TRUMP holders with a White House tour and VIP reception. Lawmakers are concerned about political access tied to crypto holdings, sparking backlash. The events have reignited debate over transparency in political crypto fundraising.

The Kenyan High Court has ruled that World project must delete all biometric data collected without proper consent, violating privacy rights. The court ordered the deletion of data within seven days and prohibited further collection without valid consent.

In April, Riot Platforms sold $38.8 million worth of Bitcoin to boost liquidity, with 475 BTC sold at an average price of $81,731 per coin. The company aims to reduce reliance on equity financing and limit shareholder dilution amid tightening margins in the mining sector.

Warren Buffet, Berkshire Hathaway CEO, plans to step down after leading the company to a 5,500,000% return on investment. Despite softening his stance on Bitcoin's technology, he remains skeptical about its enduring value.

The U.S. Securities and Exchange Commission delayed approving a new crypto ETF for Litecoin, filed by Canary Capital, as part of the normal application process. Asset managers are seeking approval for ETFs targeting coins like Solana, XRP, and Cardano.

Semler Scientific disclosed purchasing 167 Bitcoins for $16.2 million, increasing its BTC treasury to 3,634 tokens. With a current value of $342 million, the company's Bitcoin stash was acquired at an average price of $97,093 per token, totaling $88,668 per token as of May 2.

The House Financial Services Committee's new discussion draft proposes amending American securities laws to exclude top digital assets from SEC oversight. The bill defines "digital commodities" and exempts their secondary market trading from SEC regulation under certain conditions.

Freight Technologies' stock price dropped 30% after announcing plans to raise funds for acquiring President Trump's meme coin. The move has sparked concerns about potential conflicts of interest and ethical issues surrounding the token's influence on policy decisions.