Pump.fun team moves another $75M to Kraken as cash-out claims intensify

JPMorgan has expanded its involvement in the cryptocurrency sector by facilitating Galaxy's on-chain debt issuance, which was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton. This initiative marks a significant step in the growing trend of tokenization within the financial markets.

Revolut has integrated with Trust Wallet to enable users in the European Economic Area (EEA) to purchase cryptocurrencies such as BTC, ETH, SOL, USDC, and USDT directly into self-custody wallets, with options for zero fees under the Markets in Crypto-Assets (MiCA) regulation. This integration aims to simplify the buying process for users seeking to manage their digital assets independently.

Dogecoin (DOGE) has experienced a decline, falling below the $0.1450 mark against the US Dollar, and is currently consolidating losses with resistance noted around $0.1420. The price has dropped below key support levels, including a break of a bullish trend line, indicating bearish momentum in the market.

XRP price has recently declined below $2.10, struggling to maintain support around the $2.050 pivot level. The price has dropped to $1.993, indicating a bearish trend as it trades below key moving averages. A failure to recover above $2.00 could lead to further declines for the cryptocurrency.

The U.S. Commodity Futures Trading Commission (CFTC) has established a new CEO Innovation Council, which includes leaders from both cryptocurrency exchanges like Kraken and traditional stock exchanges such as Nasdaq. This council aims to discuss and propose reforms in market structure and regulatory frameworks for digital assets and prediction markets.

The Commodity Futures Trading Commission (CFTC) has initiated a pilot program allowing Bitcoin, Ether, and USDC to be utilized as in-kind collateral in U.S. derivatives markets through registered brokers. This marks a significant regulatory advancement in the integration of digital assets into traditional financial systems.

The chief executives of prominent cryptocurrency firms, including Gemini and Kraken, have joined the U.S. Commodity Futures Trading Commission's (CFTC) Innovation Council to contribute to policy discussions aimed at shaping the future of the cryptocurrency market. This initiative underscores the growing involvement of industry leaders in regulatory matters.

The Pump.fun app has officially launched on Solana Mobile's dApp Store, featuring fee-free memecoin trading and integration with Apple Pay for cryptocurrency purchases. This launch marks a significant step in enhancing user accessibility and convenience in the crypto trading space.