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The U.S. Securities and Exchange Commission has delayed decisions on the Canary spot PENGU ETF and the Grayscale spot Cardano ETF. This marks another pause in the approval process for U.S. exchange-traded funds that provide direct exposure to cryptocurrency prices. The applications aim to expand mainstream participation in crypto investing. However, regulators have chosen to … <a href="https://beincrypto.com/sec-delays-crypto-etfs-decision/">Continued</a>
Share link:In this post: Elon Musk’s xAI sued Apple and OpenAI for allegedly colluding to block AI competition in smartphones and app rankings. The lawsuit says Apple boosts ChatGPT on its devices while suppressing rivals like xAI’s Grok in the App Store. Sam Altman and OpenAI deny wrongdoing and accuse Elon of harassment and manipulation through X.
Share link:In this post: Porsche will no longer produce high-performance EV batteries at its Cellforce unit. About 200 of nearly 300 Cellforce jobs will be cut as the unit focuses on research and development. European automakers are struggling to compete with Asia’s dominance in battery production.
Finance Minister Kato discussed Japan’s Web3 era financial reforms, crypto regulations, stablecoin adoption, tax measures, and public-private collaboration to strengthen global competitiveness and support innovation in the country’s evolving crypto ecosystem.
- 17:51Data: Ethereum staking rate reaches 27.93%, Lido market share at 24.74%According to Jinse Finance, data from Dune Analytics shows that the total amount of ETH staked on the Ethereum Beacon Chain has reached 34,676,830 ETH, accounting for 27.93% of the total ETH supply. Among them, the share of staked ETH through the liquid staking protocol Lido is 24.74%. In addition, since the Shanghai upgrade, there has been a net inflow of 16,511,352 ETH.
- 17:14Law firm: After a trial period in 2025, crypto companies will face their real IPO test in 2026Jinse Finance reported that Laura Katherine Mann, a partner at the law firm White & Case, stated that 2025 will be a "test sample year" for cryptocurrency IPOs, while 2026 will be the true year of judgment, when the market will decide whether publicly listed digital asset companies are a long-term viable asset class or merely trading opportunities during a bull market. She pointed out that the composition of companies planning to go public in 2026 will be more inclined towards financial infrastructure, regulated exchanges and brokers, custody and infrastructure service providers, as well as stablecoin payment and treasury management platforms. With a more constructive regulatory environment in the United States and increasing institutionalization, the IPO window is supported; however, Mann also emphasized that valuation discipline, macro risks, and the price trends of crypto assets will ultimately determine how many deals can truly go public successfully.
- 16:44The current TVL of the RWA sector is $16.536 billions.According to Jinse Finance, data from DefiLlama shows that the total value locked (TVL) in the Real World Asset (RWA) sector is $16.536 billions. Among them: BlackRock BUIDL TVL has reached $2.499 billions; Tether Gold TVL has reached $2.255 billions; Ondo Finance TVL has reached $1.923 billions.