House Passes Crypto Bills, With Stablecoin Legislation Slated for Trump's Signature Tomorrow

Nasdaq has requested a rules change to allow BlackRock's Ethereum Trust to incorporate staking, enabling the fund to earn yield by validating transactions on the Ethereum blockchain. Other issuers like Fidelity and Grayscale are also seeking approval for staking in their funds.

Chris Larsen, Ripple co-founder, transferred $26 million in XRP to Coinbase in multiple batches. XRP's value surged by 34% in a week, reaching its highest price since January. The cryptocurrency's open interest for futures hit a new record of over $8.8 billion on Wednesday.

Myriad Markets allow users to predict real-world events like XRP's next move, Ethereum's price spike, and Pump.fun's token airdrop. The recent surge in XRP has led to optimistic predictions for its future price movement.

Jarett Dunn, a former Pump.fun senior developer, is in a London prison for violating bail conditions. Dunn awaits a hearing for his attack on the Solana meme coin launchpad, which has generated over $770 million in revenue.

BitMine Immersion, backed by Peter Thiel, now holds over $1 billion in Ethereum after purchasing an additional $500 million this week, bringing their total ETH holdings to 300,657. The company shifted focus from Bitcoin mining to building an ETH treasury less than a month ago.

Canary Capital has filed for a staked Injective exchange-traded fund with the SEC, aiming to meet the rising demand for altcoin investment products. This move follows a trend of incorporating staking into crypto-based funds to attract investors seeking to maximize returns.

Satoshi Nakamoto, the mysterious Bitcoin creator, is now the 11th richest person globally with a portfolio exceeding $130 billion. Despite various theories, the true identity of Satoshi remains unknown, with wallets linked to the inventor never moving any Bitcoin.

Bitcoin Standard Treasury Company (BSTR) is set to go public through a business combination with Cantor Equity Partners I (CEPO), a special-purpose acquisition company (SPAC) linked to Cantor Fitzgerald. BSTR will launch with over 30,000 Bitcoin—over $3.5 billion worth—and $1.5 billion in PIPE financing.

The chaos during Crypto Week in Congress was unexpected, with issues arising from the Jeffrey Epstein scandal and concerns over a central bank digital currency. House Republicans faced challenges passing crypto bills due to internal and external pressures, ultimately impacting the legislative process.