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OVERVIEW

Crypto Green, Traders Emotionally Confused And Mildly Suspicious 😐️

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total market and altcoin market cap charts:

NEWS IN THREE SENTENCES
Crypto News 📰

✴️ Trump’s WLFI: $590 Million Says DeFi Isn’t Dead

Critics can roll their eyes at a Trump-led DeFi venture, but $WLFI just bagged a token sale worth nearly $590 million. Whitelisted participants snapped up the initial offering, then demand skyrocketed once Trump won in 2024. Now the project’s multi-million-dollar crypto portfolio might leave doubters wishing they’d jumped on board earlier. CryptoSlate.

💰 Bitcoin Treasury Bonds Go ETF

Rex Shares debuted a convertible bond ETF for companies loading up on $BTC.X ( ▼ 0.32% ), giving everyday investors a shot at debt-turned-equity in the next bull run. Strategy ($MSTR ( ▲ 0.82% )) alone takes up over 80% of the fund’s weighting, bragging about billions in BTC acquisitions. Anyone still complaining about “lack of financial products” in crypto clearly hasn’t checked the ticker lately. TheBlock.

⚖️ IRS Rule Scrapped—DeFi’s Still In The Crosshairs

Congress just tore up the IRS “DeFi broker” rule, proving that politicians can occasionally do something pro-innovation. Privacy hawks are cheering, but the real challenge is balancing user anonymity with AML crackdowns that won’t vanish overnight. Regulators might want to figure out a realistic approach soon, or offshore DeFi will keep on blooming. Cointelegraph.

⚖️ Coinbase Staking Charges Vanish In Vermont

Vermont decided it’s time to drop its lawsuit against Coinbase ($COIN ( ▲ 0.69% )), conceding that staking services might not be “securities” after all. This marks another state stepping back from the old clampdown dance, following the SEC’s retreat. Coinbase’s chief legal officer is celebrating, but you can bet they’ve still got one eye open for the next legal curveball. coinjournal.

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