Bitcoin is "Digital Labubu”! Crypto Plummets! SEC & OCC usher in Crypto Era!
Crypto majors were mostly flat over the weekend; btc even at $89,700; eth +1% at $3,150, bnb +1% at $888, sol +1% at $133. Mnt (+10%), merl (+3%) and trx (+3%) led top movers. The sec issued a no-action letter allowing certain tokenized stock offerings, giving firms some regulatory clarity to launch tokenized equities without immediate enforcement risk. The sec also issued an investor bulletin explaining the basics of crypto custody. The occ granted national bank charters to circle, ripple, and other crypto firms. Tether considered tokenizing its stock after pursuing a share sale that could value it around $500b. Vanguard’s quant equity head compared bitcoin to a “digital labubu” even as vanguard opened client access to trading crypto etf products. The uk proposed legislation to bring crypto under its full fca regulatory oversight. Xstocks enabled tokenized equities to move between solana and ethereum using chainlink’s ccip bridge. Netflix greenlit a crypto-themed comedy titled one attempt remaining, starring jennifer garner.
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