What happened
Today's crypto briefing covers a mix of regulatory, corporate, and project updates. World Liberty Financial responded to conflict-of-interest questions by saying it never discussed business matters with Donald Trump. Coinbase separately submitted three recommendations to the CFTC and SEC focused on perpetual contracts and prediction market regulation.
Why it matters for the market
In traditional finance and infrastructure news, Japan is reportedly planning a blockchain-based instant settlement system for stocks and government bonds. Meanwhile, Micron Technology's CEO sold 40,000 shares at an average price of $968.90, raising about $38.76 million.
Several crypto ecosystem moves stood out. Lisk Chain is shutting down its DAO and intends to burn 100 million LSK tokens while shifting to an enterprise treasury management platform. Binance co-founder He Yi said Binance Wallet accounts for about 75% of overall wallet transaction volume, processing more than $13 billion per day. Grayscale launched a Zcash ETF on NYSE Arca after fixing a critical privacy vulnerability.
On the funding side, YZi Labs' EASY Residency selected 24 early-stage companies for its fourth cohort, with each receiving $500,000. Hivemind Digital Group completed a $17 million strategic round led by M&G Investments, with participation from CPIC Investment Management (Hong Kong), ZA Bank, FalconX, and Sonic Boom Ventures.
What traders should watch
In tech and AI news, a former X product lead said X will soon support some cryptocurrency trading features. Anthropic expects its potential market size to exceed $30 trillion, a figure it says surpasses SpaceX IPO expectations.
