News from "CryptoCompare"

Do Kwon, founder of Terraform Labs, pleaded guilty to fraud charges related to the $40 billion collapse of his firm's cryptocurrency ecosystem, while Qubic raises concerns over a potential 51% attack on Monero, and Circle announces a secondary offering of 10 million shares.

The article covers key developments in the cryptocurrency sector, including Bitcoin traders hedging against CPI data, Bullish expanding its IPO plan, and Paxos seeking a national bank trust charter.

Chainlink partners with ICE to integrate forex and precious metals data into blockchain, El Salvador approves a law allowing Bitcoin investment banks, and Trump-linked World Liberty Financial seeks $1.5 billion for a public crypto token vehicle.

President Donald Trump signed an executive order allowing 401(k) plans to include private equity, real estate, and cryptocurrency investments, while the SEC formally ended its lawsuit against Ripple Labs, and the Winklevoss twins invested in a Trump-linked Bitcoin mining firm.

Bitcoin's implied volatility has dropped to levels last seen in October 2023, while Bitcoin asset manager Parataxis Holdings plans to go public via a $400 million SPAC merger.

The SEC clarified that liquid staking does not violate securities law, while former President Trump is preparing an order to penalize banks for dropping conservative and crypto clients, and the Michigan State Pension Fund significantly increased its Bitcoin ETF holdings.

Compass Point downgraded Coinbase to 'Sell' due to weak earnings, while Bullish aims for a $629M IPO and the CFTC plans to allow spot crypto trading on registered U.S. exchanges.

Coinbase's Base blockchain has surpassed Solana in daily token launches due to increased activity on Zora, while the UK prepares to allow retail investors access to crypto ETNs, and a16z warns of major banks' tactics against crypto and fintech.

The SEC has initiated 'Project Crypto' to update securities regulations for blockchain-based trading, while Coinbase's stock dropped due to missed Q2 earnings and Tether reported significant profits and increased U.S. Treasury holdings.

JPMorgan partners with Coinbase to enable crypto purchases for its customers, while Trump's White House releases a crypto strategy and Robinhood reports strong Q2 earnings with doubled crypto revenue.