SEC Delays Decisions on Altcoin ETFs, Bitcoin Treasury Strategy Makes Major Purchase

Regulatory Hold-Up for Altcoin ETFs

The U.S. Securities and Exchange Commission has pushed back its decision on several proposed cryptocurrency ETFs, including XRP, Litecoin, Dogecoin, and staking-linked Ethereum offerings. This delay impacts a range of altcoins, extending the regulatory review process into the fourth quarter of the year. Notably, the postponement includes a Truth Social Bitcoin and Ethereum ETF linked to Donald Trump's media company, raising questions about potential conflicts of interest.

Bitcoin Treasury Strategy's Latest Move

Bitcoin treasury firm Strategy has acquired an additional 430 BTC for $51.4 million, expanding its holdings to 3% of the total Bitcoin supply. With nearly 630,000 BTC now in its possession, valued at over $72 billion, Strategy continues to make strategic purchases through ATM-funded programs. Co-founder Michael Saylor hinted at the acquisition on social media, signaling potential upcoming disclosures tied to the firm's growing Bitcoin portfolio.

Ethereum ICO Wallet Activity Raises Concerns

Recent movements in Ethereum ICO-era wallets have sparked sell-off concerns, as one address transferred $20.5 million in ETH to exchanges. This activity, coupled with price declines in the Ether market, has drawn attention to potential market volatility. Another wallet, holding ETH purchased for just over $100, moved $1.5 million in ETH, highlighting the ongoing dynamics of early investor wallets in the Ethereum ecosystem.

Global Stablecoin Regulations Take Shape

Stablecoin regulations are advancing globally, with South Korea drafting rules for stablecoin issuance and risk management. In the U.S., the GENIUS Act supports dollar-backed stablecoins, signed into law by President Donald Trump. Japan is also poised to approve its first yen-denominated stablecoin, reflecting a broader trend of establishing regulatory frameworks for digital assets. These developments underscore the growing importance of stablecoins in the crypto market.