🐳 Daily Edition: White House Seeks To Continue Digital Assets Push

Crypto continues to cement itself into the mainstream as the White House published an executive report on digital assets today. Spanning 160 pages, the report details the government’s plans to regulate and more importantly grow the crypto industry, with the United States as the epicenter. Stablecoins of course represent a core pillar of the plan, as the vast majority of these are already denominated in USD. Rather than subvert the influence of the dollar as many politicians claimed for years (including our favorite Elizabeth Warren), crypto rails have a chance to pave the road for the US to further increase its influence on global transactions.

The report also mentions the infamous Operation Chokepoint 2.0, which was a concerted effort by the powers that be to restrict and attack crypto businesses and individuals over several years. Seeing this go from a widely-disputed conspiracy theory to being part of official government documents isn’t as surprising these days as it used to be, but it’s certainly nice to have it recognized.

A somewhat hawkish stance from Fed Chair Jerome Powell today drove a classic crypto “flash crash”, liquidating an estimated $210M from the markets in a matter of minutes and yet… we’re at the same prices we started the day at. With Open Interest levels at all-time highs despite Bitcoin’s implied volatility at all-time lows, it seems margin traders forgot what happens when you’re late to a levered trade in crypto. As a wise man once said, “Manage your risk, or it will be managed for you”.

Happy 10 year anniversary to Ethereum, the World Computer.

The Beluga intern has been hard at work gathering all the most important crypto news stories so you have them in one place!

The Majors

• Ethereum turns 10: What’s coming in the next decade?

• Bitcoin holds steady as Fed leaves interest rate intact

Alt Coins and Stocks

• Coinbase and JPMorgan team up to link Chase accounts to crypto exchange starting 2026

• Companies are rushing to add crypto to their balance sheet—but experts warn it’s a fad

Regulatory

• Cboe BZX proposes new SEC listing standards to streamline crypto ETF approvals

• The White House is pushing to embed crypto everywhere, from taxes to retirement

Random

• Samourai Wallet devs plead guilty to conspiring to run unlicensed money transmitter

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