XRP Is the Top-performing Asset Among the Top 50 Cryptocurrencies, With a 4% Increase in the Past 24 Hours

Conservative Leader Pierre Poilievre, a Bitcoin advocate, is running for Prime Minister against incumbent Mark Carney, who is favored to win and supports a central bank digital currency. Despite Poilievre's previous popularity, prediction markets now heavily favor Carney to win the election.

A new restaking system called Elastic Restaking has been proposed by blockchain researchers to enhance efficiency and security in the $15 billion restaking sector. This innovative approach allows for more flexibility in allocating staked assets across multiple services, exceeding the traditional 100% limit.

The SEC has issued new guidance on crypto disclosures, signaling a shift in regulatory approach under Chair Paul Atkins. Commissioner Hester Peirce is leading a task force focused on crypto rulemaking, emphasizing the importance of proper disclosure for crypto firms.

BlackRock, the world's largest asset manager, reported $84 billion in net inflows in Q1 2025, with $3 billion directed to digital asset products. Despite this, digital assets only account for less than 1% of BlackRock's long-term revenue.

Coinbase opposed a 16-day extension request by the FDIC in a public records lawsuit over alleged debanking of crypto firms. The case involves internal communications revealing a campaign to isolate crypto from the U.S. financial system.

Grayscale Investments and Osprey Funds have settled their legal dispute over marketing practices, with a 45-day timeline to finalize documentation. The lawsuit, filed in January 2023, involved allegations of Grayscale misleading investors about its Bitcoin Trust converting to an ETF.

Arizona's HB 2342 bill, passed by the state legislature, protects home-based Bitcoin miners and blockchain node operators from local zoning restrictions. The bill, defining "computational power" broadly, is part of Arizona's progressive stance on crypto adoption.

Ross Ulbricht, founder of Silk Road, will speak at the Bitcoin Conference in Las Vegas, marking his first public appearance since his release from prison earlier this year. Ulbricht, who operated the Silk Road marketplace under the alias "Dread Pirate Roberts," was granted a presidential pardon by Donald Trump in January.

The SEC dismissed the lawsuit against Nova Labs, stating that their tokens and devices are not securities. This decision sets a precedent and clarifies the regulatory approach under new leadership. Nova Labs agreed to a $200,000 settlement related to equity financing.

The first crypto-related bill signed by any U.S. president eliminates the IRS DeFi broker rule proposed by the Biden administration in 2023. Industry leaders and lawmakers objected to the rule, citing its potential to hinder innovation and overwhelm the IRS with new filings.