Steven McClurg of Canary Capital Sees Potential for an NFT-backed ETF to Revive the Market

Libre and the TON Foundation have introduced a $500 million tokenized fund on The Open Network, enabling investors to access Telegram's corporate debt through the blockchain. This move marks one of DeFi's largest institutional RWA initiatives, with plans for further asset offerings.

The Trump Organization's $1 billion Dubai tower will accept cryptocurrency for property sales upon completion, part of its expansion into digital assets through a Gulf partnership. Dubai, known as a global destination, attracts investors worldwide, with the Trump International Hotel and Tower set to be completed in five years.

Concerns over crypto's impact on traditional finance were reiterated by Italy's central bank in its latest Financial Stability Report. The Bank of Italy highlighted the potential threat to financial stability posed by the increasing global integration of cryptocurrencies.

Decisions on altcoin spot ETFs, including Dogecoin and XRP, have been delayed by the SEC until mid-June. Asset managers are hopeful for approval, following successful Bitcoin ETFs last year, with firms like Bitwise and Franklin Templeton filing for new crypto ETFs.

AI-related crypto tokens are surging, with Virtuals Protocol's VIRTUAL and Eliza OS's AI16Z rising 123% and 89% respectively. The AI Agent market cap has doubled in three weeks, reaching $9.06 billion, driven by various AI tokens.

Trump Media & Technology Group is contemplating launching a crypto token and wallet for its Truth+ streaming video service, as mentioned in a letter to shareholders. The utility token may be used for subscription costs and other services within the Truth ecosphere.

The legal team for the developers of the banned Bitcoin mixing app Samourai Wallet is seeking a case dismissal, citing the new crypto-friendly president in the White House. The team requested an extension as prosecutors consider dropping the case following the disbandment of the DOJ's crypto enforcement team.

One Championship has released a new mobile game, One Fight Arena, featuring MMA athletes like Demetrious Johnson and Rodtang Jitmuangnon. The game, developed in collaboration with Notre Game, integrates the Sui blockchain for NFT upgrades and in-game rewards.

Bitcoin's price rose slightly as U.S. President Donald Trump's cabinet hinted at trade deals before a rally in Michigan. Altcoins like Ethereum and Solana saw larger gains, with analysts anticipating Trump's speech to impact Bitcoin's alignment with institutional legitimacy.

The UK government's newly published draft legislation aims to establish clear crypto laws to provide investor confidence and protection. The draft document outlines definitions for crypto assets like stablecoins and brings activities such as custodying assets and operating exchanges under regulation.