Here are the five biggest news in the cryptocurrency world in the past 24 hours!
A senator who is particularly friendly to cryptocurrencies has now been assigned to the Senate banking committee. This is a great thing for cryptocurrencies, and there may be more good news in terms of regulation and policy.
Grayscale, the big boss, submitted a report to the SEC, talking about the structure and compliance updates of their Horizen Trust trust fund. This is a big move, showing that they are actively responding to regulation.
Crypto.com, a company in the United States, has done something new, establishing a trust company to provide cryptocurrency custody and trust services to institutional investors. This is to promote cryptocurrency to be more compliant in the United States and expand their market at the same time.
Binance and Kraken, two major exchanges, have joined forces to invest $10 million to support a decentralized stablecoin project Usual. This money is not wasted, they want to help Usual expand its market share and promote the development of stablecoin technology together.
Allo on the RWA platform is amazing, they actually got a $100 million Bitcoin-backed credit line. What is this for? It is to provide institutions with credit services supported by Bitcoin. This is a big deal, showing that Bitcoin's influence in the financial field is growing.
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