Crypto Weekly Roundup: Justin Sun's WLFI Nightmare, Strategy Eyes S&P500, & More
This week in crypto saw major moves across markets, business, and regulation: Michael Saylor’s Strategy positioned itself for possible S&P 500 inclusion, while Japan Post Bank unveiled plans for a digital yen by 2026. On the regulatory front, the SEC outlined a new 2025 framework and Polymarket gained CFTC approval to operate in the US. Let’s dig deeper.
Bitcoin
Metaplanet has expanded its Bitcoin reserves to 20,000 BTC worth over $2.15 billion, as a part of its aggressive treasury strategy and long-term crypto ambitions.
Technology
Japan Post Bank is preparing to introduce its digital deposit currency, DCJPY, by 2026 in a move that could reshape Japan’s financial landscape and accelerate the country’s adoption of blockchain technology.
Business
Billionaire and Tron founder Justin Sun has claimed that World Liberty Financial has frozen over $100 million in cryptocurrency purchased from the project.
Michael Saylor’s company, Strategy (MSTR), has reportedly satisfied every requirement necessary for inclusion in the S&P 500 Index, potentially carrying nearly $70 billion in Bitcoin into the benchmark.
Solana-based memecoin launchpad Pump.fun has introduced “Project Ascend,” a sweeping update designed to strengthen sustainability for token creators and attract long-term projects.
Web3
Space and Time, the blockchain for verifiable data, has partnered with Indomobil Group, one of Indonesia’s largest companies, to launch an educational portal that enables students to verify their qualifications and pay for courses on-chain.
Prediction market Myriad announced that it has surpassed $10M in USDC trading volume, further proving that prediction markets are fast becoming a cornerstone of DeFi, occupying a niche somewhere between trading and gaming.
Regulation
The US Securities and Exchange Commission (SEC) has unveiled its latest regulatory roadmap, introducing targeted measures to address the growing role of digital assets in financial markets.
The Dutch central bank (DNB) has fined cryptocurrency exchange OKX $2.6 million for providing services in the Netherlands without the required registration, adding to mounting regulatory challenges for the exchange across multiple jurisdictions.
Polymarket has secured regulatory clearance from the Commodity Futures Trading Commission (CFTC) to resume operations in the United States, marking a major milestone for the blockchain-based prediction platform.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
