🌙 Cryptocurrency Market Falls 7% Due to the Release of a Chinese AI Rival
Nearly $1 billion in liquidations occurred as the global crypto market reacted to the debut of DeepSeek.
🌙 SEC Ruling Allows Banks to Custody Crypto
By reversing its SAB121 Guidance, the Securities and Exchange Commission is allowing banks to keep customer’s crypto in their own balance sheets.
🌙 Trump Signs Executive Order on Crypto
Trump issued an executive order establishing a Presidential Working Group on Digital Asset Markets, further moving closer to a strategic Bitcoin reserve.
🌙 Ross Ulbricht Is Free
Trump's decision framed as a step towards addressing issues in the criminal justice system.
🌙 SEC Forms New Task Force
The SEC has launched a new Crypto Task Force focused on regulatory compliance, while Ross Ulbricht is expected to receive a presidential pardon, significantly influenced by Elon Musk.
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