Yuga Labs CEO Suggests Dissolving ApeCoin DAO to Refocus on Core Ecosystem

Eric Trump announced that the Trump meme coin project will not proceed with its planned Trump-branded crypto wallet, aligning instead with World Liberty Financial. The latter intends to acquire a significant TRUMP position for their long-term treasury, emphasizing a shared vision for crypto and patriotism.

A real-time tool has been launched by X and Polymarket to provide live insights into market-influencing events. The tool combines data from X, predictions from Polymarket, and explanations from xAI’s chatbot Grok. This partnership aims to offer contextualized, data-driven insights to Polymarket users worldwide.

Binance's Head of Financial Crime Compliance, Tigran Gambaryan, announced his departure after four years, expressing a desire for new challenges. Gambaryan, a former IRS agent, led a team aligning Binance with U.S. and international enforcement standards, responding to over 57,000 law enforcement requests.

Circle's $1.1 billion IPO on Thursday highlighted Wall Street's increasing interest in stablecoins, particularly Ethereum. With over half of USDC's supply on Ethereum, the network stands to benefit from USDC's growth in DeFi. Analysts believe this development will bring more liquidity and excitement to Ethereum.

Aave's new Umbrella staking system replaces the theoretical insurance model with an on-chain safety net tied to individual assets. Real-time slashing and a yield tug-of-war between sGHO and stkGHO are key features, aiming to make the insurance fund more credible and aligned with user behavior.

Witnesses at the House Financial Services Committee hearing expressed concerns about the potential implications of the CLARITY Act, which aims to create a legal framework for issuing and trading most crypto assets in the US. The bill would exempt most crypto assets from SEC oversight, leading to worries about regulatory gaps and potential misuse by traditional financial institutions.

Circle's stock, CRCL, surged on its second day of trading, reaching a high of $123.51, nearly quadrupling its IPO price. The company's market capitalization hit $21.7 billion, with analysts cautioning retail investors to wait post-IPO lockup periods.

Gemini, a New York-based crypto exchange, has confidentially filed a draft registration statement for a proposed initial public offering with the U.S. Securities and Exchange Commission. This announcement follows Circle's successful trading debut on the New York Stock Exchange, where CRCL shares quadrupled in price from the offering mark.

Know Labs, a health technology firm, plans to acquire 1,000 Bitcoin valued at $105 million. Fintech investor Greg Kidd will take over as CEO, following a trend of public companies investing in cryptocurrencies for long-term growth.

Strategy has expanded its STRD preferred stock offering to $1 billion, with a 10% dividend, priced at $85 per share. This marks the third preferred stock type introduced by the company this year, with unique features and benefits. STRD is non-callable and does not allow missed dividend payments or conversion to common shares.