New AI Platform Manus Gains Traction as Potential Rival to OpenAI—At a Hefty Cost

A new set of principles for comprehensive crypto market legislation was released by the Senate Banking Committee, emphasizing legal clarity, consumer protection, and innovation. The principles, led by Senators Scott, Lummis, Tillis, and Hagerty, aim to define digital asset status, regulatory jurisdiction, and anti-money laundering measures.

A proposed rule change by the New York Stock Exchange aims to allow the listing of a Bitcoin and Ethereum ETF from Trump Media & Technology Group. The ETF, in partnership with Yorkville America, would feature a 75% Bitcoin and 25% Ethereum holdings ratio, with Crypto.com as the custodian and liquidity provider.

Green Minerals, a Norwegian company, plans to invest up to $1.2 billion in establishing a Bitcoin treasury to mitigate fiat risks and embrace financial innovation. The company aims to acquire its first Bitcoin soon and views blockchain as crucial for supply chain transparency in mining.

House Bill 116 and House Bill 18 in Ohio aim to exempt crypto owners from minor tax burdens and establish a state Bitcoin reserve, respectively. Rep. Steve Demetriou is optimistic about advancing digital asset legislation and positioning Ohio as a leader in digital finance.

Nano Labs, a publicly traded company in China, announced plans to invest $1 billion in BNB, aiming to hold 5-10% of the token's circulating supply. This move caused Nano's stock to surge by 64.8% in a day, with plans to acquire $500 million worth of BNB initially.

ProCap, led by Anthony Pompliano, acquired 3,724 Bitcoin worth $395 million after announcing a $1 billion SPAC deal. The purchase was made at an average price of $103,785 per token, reflecting the company's belief in Bitcoin as a crucial asset.

Pump.fun has evolved into a livestreaming service sponsoring streamers and meme coin creators, with unique and bold content. From a wedding livestream to saying "Pump.fun" one million times, the platform is buzzing with creative and engaging streams.

Digital Asset, the company behind Canton Network, secured $135 million in a funding round co-led by DRW and Tradeweb Markets. The investment will drive institutional and decentralized finance adoption on the network, expanding support for various asset classes.

Hut 8 has doubled its Bitcoin-backed credit facility with Coinbase Credit to $130 million, featuring a fixed 9% interest rate and extended maturity to 2026. The loan is secured by Bitcoin holdings, with restrictions on rehypothecation and a limited recourse clause.

The crypto market experienced a relief rally following President Donald Trump's announcement of a ceasefire between Iran and Israel, leading to a rebound in global markets. Oil prices dropped, S&P 500 futures rose, and gold prices fell as investors shifted towards riskier assets like cryptocurrencies.