Daily Update: Trump Aims to Sign Major Crypto Bill Soon, Hong Kong Prepares to Launch First Stablecoin Licenses, and Other Key Developments
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Alameda's Ex-CEO Set for Release from US Custody After 440 Days of Detention
Scheduled for release from a halfway house on Wednesday, former Alameda Research CEO Caroline Ellison will have served 440 days in federal custody.
Bitcoin to Gold Ratio Hits Record Low as Analysts Highlight Uncommon Buying Opportunities for BTC
Gold’s record-breaking rally inadvertently put pressure on Bitcoin’s allure, but analysts say historical data shows BTC eventually starts a catch-up rally.
Caroline Ellison, Former Co-CEO of Alameda Research, Set to Be Released This Wednesday
After nearly a year in federal custody, Caroline Ellison — the former co-CEO of Alameda Research — is scheduled to be released on Wednesday.
New Leadership Role Enhances Community-Driven Initiatives at Provenance Blockchain Foundation
The update formalizes Figure’s role as the primary operator behind Provenance as it increases support for onchain equities and other RWAs.
Iran Secures Over $500 Million in USDT to Bolster Local Currency and Facilitate Trade, According to Elliptic
This follows a report stating Iran's Islamic Revolutionary Guard Corps used two UK crypto exchanges to move approximately $1 billion.
Aave Shifts Strategy Back to DeFi and Transfers Lens Management to Mask Network
Mask Network will lead consumer-facing product execution on Lens, while Aave steps back to an advisory role focused on protocol infrastructure.
Solana Mobile Introduces Exciting SKR Token Airdrop Exclusively for Seeker Phone Users
Solana Mobile's airdrop of almost 2 billion SKR tokens for 100,000 Seeker users is claimable for 90 days, with staking rewards starting immediately.
Grayscale Files with SEC for Plan to Transform NEAR Trust into a Spot Exchange-Traded Fund
Grayscale filed an S-1 with the SEC to convert its NEAR Trust into a spot ETF, marking the second U.S. NEAR ETF application.
Nansen Unveils Innovative AI-Powered Crypto Trading Tools for Base and Solana Platforms
The new AI-powered crypto trading platforms are aimed at replacing traditional trading charts and order books with trading execution offered through natural language processing.
Galaxy Digital, led by Novogratz, Announces Launch of $100 Million Crypto-Focused Hedge Fund, According to Reports
Galaxy plans a $100 million hedge fund launching in Q1, allocating capital across crypto and financial services equities, the FT reported.
Bitcoin and Ether ETFs Experience $713 Million in Combined Outflows Amid Market Turmoil
Analysts said the outflows reflect a temporary derisking from institutional investors, rather than a fundamental rejection of crypto's value.