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📈Crypto Surges as Fed Holds Rates Steady

GM Defiers!

The cryptocurrency market saw a slight rally on Wednesday after the Federal Reserve kept interest rates unchanged. In other parts of the crypto landscape, Ripple CEO Brad Garlinghouse voiced concerns over a Bitcoin-only U.S. digital asset reserve.

Meanwhile, in the NFT space, OpenSea launched its redesigned OS2 platform. On the investment front, Metaplanet is set to raise $745.8 million to purchase more Bitcoin.

✍️ In today’s newsletter:

  • Crypto market records gains after Fed keeps rates unchanged
  • Trump Media announces TruthFi crypto project
  • Faraway's RIFT airdrop sparks outrage among NFT holders
  • Robinhood CEO urges SEC to update rules for tokenization growth
  • Arbitrum, Polygon, and Optimism's X feud
  • ETF race intensifies as Bitwise files for Dogecoin fund
  • Vector memecoin app selects TNSR as its native token
  • Arthur Hayes predicts Bitcoin could collapse to $70K
  • Metaplanet reveals plan to raise $745M to reach 10,000 BTC goal
  • OpenSea OS2 XP rewards program sparks airdrop rumors
  • Ripple CEO Brad Garlinghouse challenges Bitcoin-only U.S. digital asset reserve

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📈Crypto Market Rallies After Federal Reserve Leaves Interest Rates Unchanged

The cryptocurrency market saw a slight rally on Wednesday after the Federal Reserve kept interest rates the same. Bitcoin rose 3.3% to $103,800, while Ethereum, XRP, and Solana also posted gains.

📢Trump Media Launches TruthFi Fintech Venture With Eye on Crypto

Trump Media & Technology Group (TMTG) on Wednesday launched TruthFi, a new fintech venture focused on cryptocurrency. With over $700 million in reserves, TMTG plans to invest up to $250 million in assets like Bitcoin and ETFs.

😡Faraway's RIFT Airdrop Leaves NFT Holders Furious

Faraway's airdrop of its new AI-driven token RIFT left some NFT holders without allocations, sparking frustration. The token surged to a $300 million market cap before settling at $92 million.

🚨Robinhood CEO Says SEC Should Revise Rules To Foster Tokenization

In a new op-ed, Robinhood CEO Vlad Tenev called on the SEC to update regulations and legalize the tokenization of private company securities in the U.S.

🥊Arbitrum, Polygon and Optimism Show How To Start an X Feud in Four Easy Steps

A new crypto feud ignited on X when Arbitrum co-founder Steven Goldfeder criticized most Ethereum developers for limiting interoperability to their own stack.

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Web3 is often fragmented, with users struggling to manage multiple blockchains, wallets, and bridges. Okto is addressing this by adopting ERC-7683, a proposed Ethereum standard that simplifies cross-chain interactions. Instead of dealing with complex processes, users can express their goals—like swapping tokens—in a single message. Specialized "fillers" then handle the technical details, executing these tasks across chains. This reduces confusion, lowers costs, and improves efficiency. Okto is integrating ERC-7683 into its platform to create a more unified and decentralized Web3. Although still in draft status, ERC-7683 has gained support from major protocols like Across Protocol, Uniswap Labs, and Polygon Labs, aiming to make cross-chain transactions as seamless as browsing the internet.

Read More: Okto is building ERC-7683 on Solana: Way for a Unified Web3 Future

🏃🏻‍♂️‍➡️ETF Race Heats Up As Bitwise Files for Dogecoin Fund

Bitwise, VanEck, Canary Capital, and 21Shares have filed with the SEC to launch new crypto ETFs. Bitwise’s proposed Dogecoin ETF would be the first of its kind.

👋🏻Memecoin App Vector Adopts TNSR as Native Token

Vector, a memecoin and social app built by Tensor, is adopting the TNSR token and will contribute 50% of its revenue to the TNSR treasury.

👀Arthur Hayes Forecasts Bitcoin Collapsing to $70,000

American entrepreneur Arthur Hayes has shifted from bullish to bearish on Bitcoin in just three weeks, now predicting a drop to $70,000.

💰Metaplanet to Raise $745 Million in Bid to Reach 10,000 BTC Goal

Metaplanet, considered by many to be “Japan's MicroStrategy,” plans to raise ¥116 billion (USD $745 million) to fund more Bitcoin purchases.

🙉OpenSea OS2 XP Rewards Program Fuels Airdrop Rumors

NFT marketplace OpenSea is launching its redesigned OS2 platform and the development quickly sparked rumors of a potential token airdrop.

🗣️Ripple CEO Brad Garlinghouse Opposes Bitcoin-Only U.S. Digital Asset Reserve

Ripple CEO Brad Garlinghouse criticized the proposal for a Bitcoin-only U.S. strategic reserve, saying it could limit financial flexibility and growth.

🌍 ELSEWHERE

  • Illinois Unveils Bill to Create Strategic Bitcoin Reserve (The Street)
  • Kraken Brings Back Crypto Staking for U.S. Customers (CoinDesk)
  • El Salvador Passes Change to Bitcoin Law, Sparking Bond Rally (Bloomberg)

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