📉Usual Money Sparks Controversy with Redemption Change

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✍️ In today’s newsletter:

Usual Money’s liquid bond USD0++ plunges after redemption change
Trump launches fifth digital trading card collection
UK judge dismisses longstanding Bitcoin landfill case
Hong Kong launches blockchain incubator to assist banks
Grayscale considers investment products for BNB, DOGE and TRON
Synthetix plots pivot to Base from Arbitrum

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📉Usual Money Under Fire For Altering Asset Floor Price

Usual Money, a real-world asset (RWA) backed stablecoin issuer is under scrutiny after manually dropping its USD0++ product’s redemption price by 13% with minimal warning.

🃏Trump Launches Fifth Digital Trading Card Collection on Bitcoin Blockchain

President-elect Donald Trump has turned to Bitcoin Ordinals for his fifth batch of digital trading cards. The latest collection is called Trump Bitcoin Digital Trading Cards. The collection launched with 160 cards, only available to owners of 100 NFT cards from the previous “Mugshot Edition” collection.

🧑‍⚖️UK Judge Dismisses $750 Million Bitcoin Landfill Case, Blocking Recovery Effort

A UK judge has blocked a man's attempt to recover a lost hard drive, believed to contain $750 million worth of Bitcoin, from a landfill. The ruling ends a long-running legal battle over the lost Bitcoin, highlighting the challenges of storing and recovering digital assets.

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🌍 ELSEWHERE

Bitcoin Falls to Lowest Since November in Risk-Asset Selloff (Bloomberg)
U.S. Banking Should Ease Path for Crypto, Republican Taking Reins at FDIC Suggests (Coindesk)
Bitcoin expert says market hasn't priced in Trump's pro-crypto policies (TheStreet)