☕️ GM! Here are the top events in #Crypto from the past 24 hours
📊Market Updates
🔸The first US spot Solana staking ETF from REX-Osprey launched with $33M in day-one volume and $1M AUM, using Anchorage as custodian under 1940 Act.
🔸Riot Platforms mined 450 BTC worth $49.3M in June, up 76% YoY, while shifting power to AI use and participating in Texas energy demand programs.
🔸DeFi Development Corp adds 17,760 SOL for $2.72M, raising holdings to 640,585 SOL worth $96M as part of its ongoing Solana treasury strategy.
🌟Highlights
🔸Pomerantz files class action against Strategy, alleging misleading BTC investment disclosures and improper reporting under new accounting rules.
🔸A NY judge allows Celsius to pursue most of its $4.3B lawsuit against Tether over allegedly improper BTC liquidation before a required waiting period.
🔸Nano Labs buys $50M in BNB, lifting its crypto treasury to $160M as it aims to hold up to 10% of BNB supply and anchor reserves to the token.
🔸Franklin Templeton warns crypto treasury firms face high risk from a potential feedback loop if crypto prices drop, despite short-term upsides.
🔸JPMorgan predicts stablecoins will reach $500B by 2028, citing limited payment use and crypto-native demand, far below $1T–$2T bullish forecasts.
🔸Abu Dhabi to list its first tokenized bond via FAB and HSBC's Orion platform, advancing its push into real-world asset tokenization.
🔸Pakistan’s Bitcoin mining plan stalls as IMF rejects power subsidies over market concerns, though officials may revise it with World Bank input.
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