Anchorage Digital Aims to Pay 'Rewards' on Ethena's Tokens Under GENIUS Act

Anchorage Digital Bank has launched a rewards program for holders of USDtb and USDe, aiming to enhance user engagement and incentivize the use of its platform. This initiative is part of the bank's broader strategy to expand its offerings in the cryptocurrency space.

Texas has made a significant move by purchasing $5 million in a Bitcoin exchange-traded fund (BTC ETF), marking the state's initial step towards establishing a government-backed cryptocurrency reserve. This action positions Texas as a pioneer in the U.S. government's exploration of crypto assets.

Stellar's token has surged by 2.3%, breaking through the critical resistance level of $0.2460, driven by increased institutional flows and a notable rise in trading volume. This movement indicates a significant accumulation trend above the seven-day average, suggesting a potential shift in market dynamics.

Filecoin's price surged by 9% as it broke a downtrend, indicating a potential shift in market dynamics. This strong price movement occurred on below-average trading volume, suggesting a cautious but optimistic sentiment among investors.

U.S. Bank, the fifth-largest commercial bank in the U.S., is testing the issuance of custom stablecoins on the Stellar Network, marking a significant exploration of how traditional banking can integrate with public blockchain technology. This initiative reflects a growing interest in digital currencies among established financial institutions.

The price of TON has pulled back after an initial rally driven by the expansion of the Telegram ecosystem, with trading activity declining sharply as traders focus on key support levels near $1.50. This shift indicates a waning interest from buyers following a brief surge in demand.

Anchorage Digital is developing a model compliant with the GENIUS Act to enable reward structures for Ethena's stablecoins, addressing the regulatory landscape surrounding interest payments on such digital assets. This initiative aims to create a compliant framework that aligns with U.S. regulations while offering yield-like rewards on Ethena tokens.

Internet Computer (ICP) has successfully surpassed the critical resistance level of $4.20, accompanied by increased trading volume, indicating a potential upward momentum in its market performance. However, late-session consolidation has narrowed the gains achieved during this breakout.