Regulatory Landscape & Policy - SEC Chair Paul Atkins indicated a potentially more favorable stance towards the crypto industry compared to the previous administration, suggesting that very few crypto tokens are securities [1] - Two crypto advocacy groups criticized the American Bankers Association's opposition to changes in the recently signed stablecoin law [1] - Wyoming Republican Sen Lummis aims to pass a cryptocurrency market structure bill by the end of the year [1] - A crypto advocacy groups rallied behind Quintenz for CFTC Chair in a letter to POTUS [1] - China is reportedly considering allowing yuan-backed stablecoins to support the currency's use in global trade and payments [1] Market Trends & Investments - pumpdotfun surpassed $800 million in lifetime revenue [1] - The ETH/BTC ratio reached a 2025 high as spot Ethereum ETFs attracted significant inflows, and treasuries exceeded 2% of ETH's supply [1] - BitwiseInvest forecasts bitcoin to outperform traditional assets over the next 10 years due to declining volatility [1] - Goldman Sachs estimates the stablecoin market could reach trillions of dollars [1] - VanEck and Brevan Howard Digital are leading a relatively small round into Legion, a startup focused on bringing small-time investors into capital formation using blockchain [1] Legal & Enforcement - A judge ordered a $228 million penalty for a New York man who misused investor funds for luxury cars in a crypto trading fraud [1]

Legal & Regulatory - A New York man has been ordered to pay a $228 million penalty for crypto trading fraud [1] - The individual misused investor funds to purchase luxury cars [1]