The following are five news worthy of note in the currency circle in the past 24 hours:

1. A crypto-friendly senator is assigned to the Senate Banking Committee, which has a positive impact on cryptocurrency regulation and policy.

2. Grayscale files Form 8-K with the SEC regarding structural and compliance updates for its Horizen Trust.

3. Crypto.com established a US trust company to provide cryptocurrency custody and trust services, targeting institutional investors, promoting encryption compliance and expanding the US market.

4. Binance and Kraken led a $10 million investment in backing decentralized stablecoin Usual, which will help it expand market share and promote the development of stablecoin technology.

5. RWA platform Allo secured a $100 million Bitcoin-backed credit line and plans to provide Bitcoin-backed credit services to institutions.