The US is About to Get its First Solana Staking ETF This Week
The US will launch its first Solana Staking ETF on July 2, allowing investors to earn staking rewards. The REX-Osprey fund overcame SEC hurdles by investing 40% in other Solana ETPs. SOL price rose 5.3% on the news.
South Korea Ends 14-Year Ban on Kimchi Bonds
South Korea lifts 14-year ban on kimchi bonds to address capital outflows and stablecoin demand, aiming to stabilize the won and improve foreign exchange liquidity.
Crypto Survey Reveals 7 in 10 South Koreans Want to Increase Holdings
A survey shows 70% of South Koreans plan to increase crypto holdings, with 40s being the largest investor group. Regulatory shifts and won-based stablecoins may drive further adoption.
Bloomberg Analysts See 95% Chance of New Altcoin ETF Approval
Bloomberg analysts predict a 95% chance of SEC approving Solana, XRP, and Litecoin ETFs this year, with a crypto index ETF possibly approved this week, signaling wider institutional altcoin access.
Trump’s Big Beautiful Bill in overtime as senators jam crypto clauses
US Senate debates Trump’s tax bill with crypto amendments, including Lummis’ proposal to ease crypto taxes and a rejected Democrat-backed ban on officials promoting digital assets.
Circle’s USDC Used By North Korea Claims ZachXBT, US Banking License Under Threat?
Blockchain investigator ZachXBT alleges North Korea uses Circle’s USDC stablecoin for illicit payments, raising compliance concerns as Circle seeks a US banking license amid stock decline.
DOJ Charge Fake North Korean Devs ‘Embedding’ In Crypto Startups – Decrypt
Four North Korean agents allegedly used stolen identities to infiltrate a U.S. crypto startup, stealing $900,000 and laundering funds through sanctioned channels to support DPRK’s weapons programs.
Lummis pushes for major crypto tax changes in Trump’s ‘Big Beautiful Bill’
Senator Cynthia Lummis proposes crypto tax changes in Trump’s bill to end double taxation on staking/mining rewards and exempt small transactions under $300, aiming to simplify tax burdens.
Circle Moves to Launch a National Trust Bank After IPO
Circle, issuer of USDC stablecoin, files to become a national trust bank after its IPO. The proposed First National Digital Currency Bank would manage reserves but not accept deposits or issue loans.
Analysts raise chance of SOL, XRP and LTC ETF approval to 95%
Analysts predict a 95% chance of Solana, XRP, and Litecoin ETF approvals by the SEC this year, with potential for other altcoin ETFs and a crypto basket ETF soon.
