The Incrypted editorial team has prepared a digest of the most important events in the Web3 sector for the week. Among the key news: U.S. President Donald Trump’s intentions to create an exchange-traded fund in partnership with the cryptocurrency exchange Crypto.com, the possible launch of stablecoins by Fidelity, World Liberty Financial, and the state of Wyoming, as well as whale manipulations on the Hyperliquid exchange that led to its liquidation. Additionally, a new model for regulating the cryptocurrency market in Ukraine is being considered.
This is reported by Finway
Bitcoin Price Dynamics and Market News
Since the beginning of the week, Bitcoin has shown positive dynamics, marked by an increase in the fear and greed index to 45. The mining difficulty of the first cryptocurrency has risen by 1.43%. At the time of writing, the Bitcoin exchange rate stands at $83,397, according to TradingView.
Experts, including Standard Chartered, note a growing interest in Bitcoin among large financial institutions. Analysts at CryptoQuant point to key price levels: $98,000 for investors holding assets for up to three months and $63,000 for those holding them for up to a year.
New Stablecoin Offerings and Regulation in Ukraine
The market capitalization of the USDC stablecoin has reached a record $60.18 billion, and Tether CEO Paolo Ardoino has announced the beginning of the “era of stablecoins,” predicting a rapid increase in the number of users to 1 billion. Fidelity Investments has completed testing its own stablecoin, while the DeFi platform World Liberty Financial has launched the USD1 stablecoin on the BNB Chain.
A new model for regulating the cryptocurrency market has been introduced in Ukraine, which involves the distribution of powers between the National Securities and Stock Market Commission and the National Bank of Ukraine. This aims to ensure effective oversight and protect consumer rights in the digital asset sector.
“The era of stablecoins is upon us, the growing popularity of such assets is becoming evident, and we expect their number of users to reach 1 billion in the near future.