Open Platform Gets $28M in Funding to Push for Mainstream Crypto Adoption

RealToken LLC and its co-founders face a lawsuit from Detroit for allegedly neglecting health and safety standards in 400 properties, leaving tenants in hazardous conditions. The city seeks repairs, rent escrow accounts, and personal liability for the defendants.

Minna Bank, a digital-only bank in Japan, is collaborating with Fireblocks, Solana Japan, and TIS to explore the use of stablecoins and digital wallets for everyday financial services. The study will assess practical applications like cross-border payments and asset trading on the Solana blockchain.

House Republicans plan to advance three industry-specific bills during “Crypto Week” to establish a clear regulatory framework for digital assets. The bills aim to safeguard consumers, provide regulatory clarity, and prevent the Federal Reserve from issuing a central bank digital currency.

Bitcoin and Ethereum have seen slight gains, with most top assets remaining flat as traders analyze macro news. Traditional markets rallied after strong U.S. labor data, while Bitcoin's movement suggests a potential breakout from a bearish channel.

Grayscale expressed surprise at the SEC's decision to halt its Digital Large Cap Fund, citing the evolving regulatory landscape. The fund, focusing on Bitcoin with exposure to Ethereum, Solana, XRP, and Cardano, aims to become an exchange-traded product.

Ondo Finance's initiative, Ondo Catalyst, focuses on investing in projects that advance tokenized finance and on-chain capital markets through a mix of equity and token investments. The founder, Nathan Allman, believes in reshaping global capital movement by supporting infrastructure for real-world utility of tokenized assets.

Bitcoin, currently near an all-time high, may test $90,000 again this year due to President Trump's upcoming bill. Arthur Hayes predicts a potential liquidity drain from markets, impacting assets like Bitcoin. Despite this, he believes Bitcoin will continue to rise.

BitMine Immersion Technologies' shares surged 130% to $135 before dropping to $118 in after-hours trading. The company raised $250 million through a private placement, attracting investors like Peter Thiel's Founders Fund and crypto firms. BitMine aims to accumulate Ethereum ahead of a stablecoin boom.

Sen. Cynthia Lummis introduced comprehensive digital asset tax legislation to create a level playing field for crypto users. The bill includes a $300 de minimis tax exemption for most digital asset transactions, aiming to accelerate mainstream adoption of crypto as a payment method.