BlackRock's Bitcoin Bull CEO Larry Fink Says Markets Plunge Could Get Worse

Eric Trump and Donald Trump Jr. promoted cryptocurrency and their digital asset ventures at the Bitcoin 2025 conference, emphasizing their involvement in the crypto community despite criticism over potential conflicts of interest. The Trump family's engagement with the industry has raised concerns about personal enrichment.

The FCA is seeking feedback on its stablecoins regime to ensure stablecoins maintain value and prevent failures. Regulators are closely monitoring stablecoins after the collapse of terraUSD in 2022.

In a recent move, the U.S. Department of Labor rescinded 2022 guidance that discouraged workplace 401(k) digital asset investing, aiming to maintain a neutral stance on the matter. This decision aligns with the current administration's efforts to be more crypto-friendly and reduce regulatory constraints on the digital asset industry.

K33, a Norway-based crypto brokerage, secured financing to purchase over 60 million Swedish krona in Bitcoin. The firm plans to issue new shares and debt to acquire the cryptocurrency, believing it will play a crucial role in the global financial system.

Vice President JD Vance addressed the Bitcoin 2025 conference, emphasizing the importance of digital assets and promising a supportive regulatory framework. Vance highlighted the need to clean up regulatory hurdles and ensure crypto's place in the mainstream economy.

The Open Network's Toncoin surged nearly 12% following reports of Telegram's potential $1.5 billion raise and a $300 million deal with Elon Musk's xAI. Telegram aims to issue 9% yield bonds, attracting interest from major investment firms like Mubadala and BlackRock.

Vitalik Buterin believes Ethereum could serve as a backup to cash in the face of centralized payment system vulnerabilities highlighted by Sweden and Norway's recent experiences. The need for resilience and privacy in Ethereum to credibly fulfill this role is emphasized.

Bergen County, New Jersey plans to migrate 370,000 property deeds worth $240 billion onto a blockchain ledger powered by Avalanche. This initiative aims to simplify and secure property records for nearly a million residents across 70 municipalities.

Conduit, a Boston-based startup founded in 2021, raised $36 million in a Series A round led by Dragonfly and Altos Ventures. The company offers real-time payments using stablecoins and traditional finance systems, helping businesses save time and money on fees.

Cork Protocol, a DeFi platform, fell victim to a smart contract exploit resulting in hackers stealing $12 million worth of wrapped staked Ethereum (wstETH). The malicious contract was deployed by a wallet funded by a service provider, leading to a quick swap for ETH. Security measures have been taken, and investigations are ongoing.