morning:

- Canadian Prime Minister Justin Trudeau is officially stepping down.

In 2023, he mocked his political opponent for urging people to buy Bitcoin, saying “that’s not responsible leadership.”

- US Federal Reserve regulator Michael Barr will step down. Barr previously said the Fed “would likely find it unsafe and untenable for banks to directly hold crypto assets on their balance sheets.”

- US government prosecutors in the Do Kwon case estimate that the Terraform Labs co-founder could have over a million victims worldwide after the ecosystem collapse.

- Over the past 24 hours, the Solana network has surpassed Ethereum and Base combined in DEX trading volume., - DefiLlama.

- Gemini Agrees to $5 Million Fine as Part of CFTC Proposed Settlement.

- Crypto Market Now in “Late Stages of Current Bull Cycle,” Investors Are Advised to Exercise Caution, - CryptoQuant