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1️⃣ ProShares launches first airdrop Ethereum ETF

ProShares has launched a new ETF called the "Short Ethereum Strategy ETF" that allows investors to short Ethereum through futures contracts. The ETF, which trades on the New York Stock Exchange Arca, simplifies the process of shorting ether, providing a way to profit from falling cryptocurrency prices through a traditional brokerage account.

2️⃣ Dubai Financial Center Grants XRP Token Trading Approval

The DFSA’s approval of XRP for use in the DIFC marks Dubai’s progressive stance on digital currencies, may accelerate the adoption of digital currencies in the region, and strengthen Dubai’s ambition to become a leading global financial technology hub. The move could influence regulators to embrace digital assets more broadly and make the financial center more attractive to fintech companies and investors.

3️⃣ PayPal faces SEC subpoena over PYUSD stablecoin

Just a day after PayPal aggressively joined the UK cryptocurrency registry, the company faced a new challenge when the SEC issued a subpoena for its PYUSD stablecoin, sparking discussions about its impact on U.S. financial stability and cryptocurrency regulation.

4️⃣ Former FTX founder Sam Bankman-Fried was found guilty of the charges in a court trial and faces decades in prison

FTX founder and former CEO SBF was found guilty of the charges in a fraud trial in New York and could face up to decades in prison. The judgment highlights the growing legal liability within the cryptocurrency industry.