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Cointelegraph·2025-07-02 02:30

Cryptocurrency Market & Investment - Webus secures up to $100 million equity line with Ripple Strategy Holdings to accelerate its XRP treasury strategy growth [1] - Design platform Figma discloses holding around $69.5 million in spot Bitcoin ETFs and its board approval to buy another $30 million of $BTC in its IPO filing with the SEC [1] - Bitwise doubles down on $200 thousand $BTC target for 2025 but casts doubt on new highs for $ETH and $SOL [2] - Deutsche Bank will launch a crypto custody service in 2026 [2] - CZ donated $10 million in $BNB to Vitalik's open-source biotech efforts [2] Regulatory Landscape - SEC acknowledges Grayscale's bid to convert its Digital Large Cap Fund ($BTC, $ETH, $XRP, $SOL, $ADA) into a spot ETF [1] - Connecticut Governor Lamont officially signs legislation banning state investment in Bitcoin and any virtual currencies [2] Stablecoin & Layer 1 Development - Stable launches the first-ever "Stablechain," a dedicated Layer 1 powered by USDT [1] US Political & Economic Commentary - Trump slams Fed Chair Powell, saying "Anyone would be better" [1] - The U S Senate has passed President Trump's "Big Beautiful Bill," clearing the way for a final vote in the House [2]