Cryptocurrency

The US Federal Reserve cut its key interest rate by 25 basis points to a range of 4%–4.25%, marking its first reduction of 2025. Officials signalled uncertainty over further cuts, while investors expect the move to boost demand for risk assets such as stocks and cryptocurrencies.

US lawmakers are meeting with crypto leaders to discuss a bill that would let the government buy one million Bitcoin over five years. The plan aims to build a strategic Bitcoin reserve using budget-neutral funding, but it needs wider political support to move forward.

OKX has launched a new platform allowing Australian SMSF trustees to invest in cryptocurrencies like Bitcoin and Ethereum within their retirement portfolios. The service provides secure custody, compliance tools, and reporting features, targeting both experienced and new trustees amid growing crypto adoption in SMSFs.

Galaxy Digital led a major buying spree, acquiring 6.5 million Solana (SOL) tokens worth $1.55 billion over five days, pushing Solana’s price above $240. The firm also partnered with Multicoin Capital and Jump Crypto to fund Forward Industries’ Solana treasury strategy, driving strong investor interest and boosting the company’s shares.

Major Chinese tech firms, including Alibaba and Tencent, appear to be pulling back from Hong Kong’s cryptocurrency market, with none applying for recent stablecoin licences. The move comes amid regulatory uncertainty and a reported shift in focus toward digital services for the energy sector.

China is moving to impose strict restrictions on its state-owned enterprises (SOEs) and banks operating in Hong Kong, in a move that could significantly reshape the city’s budding stablecoin sector.

Belarusian President Alexander Lukashenko is giving the nation’s banks the green light to broaden their use of cryptocurrencies as a way to bypass the impact of the global sanctions which has cause the nation's economy to decline.

The Trump family’s WLFI and USD1 crypto tokens have launched on major Korean exchanges, drawing strong public interest. WLFI’s price showed high volatility, highlighting market uncertainty and the project’s heavy reliance on the Trump brand.

The Trump family has managed to add another $6 billion to their family wealth after the World Liberty Financial Token started its trading debut on major exchanges this week.

Thailand will exempt all crypto gains from tax until the end of 2029 to attract investors and boost digital trading. The country is also launching the G-Token digital government bond and testing crypto payments, aiming to grow its blockchain and fintech sector.