KEYTAKEAWAYS
- Regulatory progress accelerates with House introducing STABLE Act for stablecoins, Senate repealing crypto tax rules, and Securities Clarity Act reintroduced to define digital asset classification.
- Traditional finance continues crypto integration as Interactive Brokers adds Solana, Cardano, XRP, and Dogecoin trading, while European firm Blockchain Group purchases 580 Bitcoin.
- Stablecoins gain further prominence with Tether reporting 400 million users worldwide, investing in Italian media, and Paolo Ardoino predicting a "stablecoin multiverse" as governments prepare their own versions.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. Interactive Brokers Adds Trading for Solana, Cardano, XRP, and Dogecoin
According to Bloomberg, Interactive Brokers announced the addition of four new cryptocurrency trading services: Solana, Cardano, XRP, and Dogecoin.
These currencies were previously named by Trump on the Truth Social platform and recommended for inclusion in US crypto reserves, although the final executive order only covered Bitcoin.
The new currencies will be provided through Zero Hash and Paxos, expanding customers’ flexibility in crypto asset allocation. Interactive Brokers previously supported mainstream currencies such as BTC, ETH, LTC, and BCH.
2. OpenAI Nears Record $40 Billion Financing Round at $300 Billion Valuation
According to Bloomberg, OpenAI is close to completing a financing round of up to $40 billion, with a valuation of $300 billion, setting a record for the largest financing in history.
The round is led by SoftBank Group, with other participants including Magnetar Capital, Coatue Management, Founders Fund, and Altimeter Capital.
SoftBank will invest approximately $30 billion in two phases, with an investment of $7.5 billion in the first phase. This move has greatly increased OpenAI’s valuation from $157 billion in October last year.
3. Tether Acquires 30% Stake in Italian Media Company
According to Bloomberg, stablecoin issuer Tether will spend about 10 million euros to acquire a 30% stake in Italian media company Be Water, which includes podcast production companies Chora Media, Will Media, and film and television production company Be Water Film.
The transaction is part of Tether’s recent investment expansion, which has previously involved agriculture, AI, brain-computer interfaces, and other fields.
Tether’s current USDT market value is about $144 billion, mainly supported by highly liquid assets such as U.S. Treasuries.
4. Crypto Companies Petition Congress for Clarity on “Fund Transmitter” Definition
According to Decrypt, 34 crypto companies and foundations, including Coinbase, Kraken, and Uniswap Labs, jointly wrote to the U.S. Congress requesting clarification of the Department of Justice’s broad interpretation of the definition of “fund transmitter” in Section 1960 of the Criminal Law.
The industry argues that the current interpretation threatens the development of non-custodial software in the United States. This provision was used to accuse Tornado Cash co-founder Roman Storm, causing industry concerns.
The DeFi Education Fund stated that the current practice may convict ordinary developers and called on Congress to clarify the legislative intent and avoid the trend of “replacing regulations with criminal penalties” in law enforcement.
5. Senate Passes Resolution to Repeal Crypto Tax Regulations
According to The Block, the U.S. Senate passed a resolution by 70 votes to 28 to repeal the crypto tax regulations issued at the end of the Biden administration. The bill will be submitted to President Trump for signature.
The IRS DeFi broker rule requires some DeFi platforms to report user transaction information and issue 1099 forms as securities brokers, sparking privacy and compliance disputes.
White House crypto adviser David Sacks said that the president’s senior advisers will recommend signing the bill, which will become the first crypto legislation signed by Trump during his tenure. The DeFi industry welcomed the move, saying it would help protect innovation and technological development.
NOON NEWS
1. House Introduces STABLE Act for Stablecoin Regulation
Digital Assets Subcommittee Chairman Bryan Steil and House Financial Services Committee Chairman French Hill have introduced the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, legislation to establish a framework for the issuance and operation of dollar-denominated payment stablecoins in the United States.
“It’s the Golden Age of digital assets in America. With the STABLE Act, we will secure the future of financial payments and continued dominance of the U.S. dollar as the world’s reserve currency,” said Steil.
The bipartisan legislation was sponsored by both Republicans and Democrats including Hill, Torres, Emmer, Huizenga, Meuser, Kim, Downing, Moore, Gottheimer, Haridopolos, and Liccardo.
President Trump recently reiterated support for stablecoin legislation to pass through Congress and come to his desk before the August recess.
2. Blockchain Group Luxembourg Acquires 580 Bitcoin
European Bitcoin financial firm Blockchain Group has announced that its wholly-owned subsidiary, Blockchain Group Luxembourg SA, has completed the acquisition of 580 Bitcoin.
The purchase was made at a total cost of approximately 47.3 million euros, translating to about 81,550 euros per Bitcoin.
Following this acquisition, the company now holds a total of 620 Bitcoin, with an average holding price of 81,480 euros per Bitcoin.
3. Securities Clarity Act Reintroduced to Define Digital Asset Classification
Congressman Tom Emmer reintroduced the Securities Clarity Act on March 26 alongside Rep. Darren Soto, reviving a bipartisan effort to clarify the classification of digital assets under federal securities law.
The bill aims to clearly distinguish between an “investment contract” and the asset associated with it — an issue at the heart of ongoing regulatory uncertainty that has hindered innovation in the digital asset space.
At the core of the legislation is the introduction of the term “investment contract asset,” which would separate the underlying digital asset from the investment contract through which it may have been initially offered.
“Without clear definitions, entrepreneurs can’t accurately assess risks or launch compliant products. Our legislation helps fix that so investors can fully participate in this emerging technology without sacrificing consumer protections,” Emmer stated.
4. Upbit Wins Temporary Suspension of Business Restriction
Upbit and its parent company, Dunamu, secured a notable win after the Seoul Administrative Court temporarily suspended a three-month business restriction imposed by South Korea’s Financial Intelligence Unit (FIU).
New Upbit users can continue depositing and withdrawing crypto assets until at least 30 days after the main lawsuit’s final judgment.
The FIU’s initial penalty was based on allegations that Upbit violated South Korea’s Special Financial Transactions Act by allowing transactions with unregistered overseas exchanges without real-name verification.
This ruling is pivotal for Upbit, South Korea’s largest crypto exchange, especially after the South Korean government recently ordered Google to block 17 foreign cryptocurrency exchanges that failed to comply with local regulations.
5. Ethereum Official Website Adds AI Agents Page
According to @ethdotorg, Ethereum’s official website has added a special page on AI Agents to introduce the application scenarios of blockchain and artificial intelligence collaboration.
The page covers a variety of AI agent types and their functional descriptions, showing how to build a future-oriented decentralized AI ecosystem based on current technology.
EVENING NEWS
1. Hurun Global Rich List Shows Record Number of Billionaires
The Hurun Research Institute released the “2025 Hurun Global Rich List,” showing that the number of billionaires in the world has increased to 3,442, a record high, 163 more than last year. The United States ranks first with 870 billionaires, and China ranks second with 823.
Elon Musk retained his title as the world’s richest man with a fortune of 3.07 trillion yuan ($424 billion), an increase of 82%, mainly due to the surge in Tesla’s stock price.
In the cryptocurrency field, Binance founder Zhao Changpeng continued to be the richest crypto billionaire with a wealth of 160 billion yuan ($22 billion). Coinbase’s Brian Armstrong’s wealth increased by 72% to 80 billion yuan ($11 billion), and MicroStrategy’s Michael Saylor’s wealth increased nearly three times to 65 billion yuan ($9 billion).
2. Astar Drives Growth in Soneium’s Ecosystem
Astar is driving significant momentum in Soneium’s onchain economy, with Soneium’s Total Value Secured (TVS) now exceeding $120 million. Astar Contribution Score (ACS) is behind over $100 million in TVL, proving Astar’s critical role in the ecosystem.
ACS is fueling onchain activity at an unprecedented scale for Soneium, with 60 million+ transactions in 4 weeks, TPS in Ethereum L2’s top 5 (surpassing OP Mainnet), and 4 million+ wallets engaged.
USDC APY on Soneium has soared past 15%, showing the real impact of Astar-powered incentives. With ACS leading the way, Astar is positioning itself as a key value driver in the Soneium ecosystem.
3. uDEX Announces Token Plan to Address Market Concerns
According to an official announcement from uDEX, the project has coordinated with all stakeholders and reached an action plan aimed at eliminating market concerns and promoting advancement:
The development team’s wallet will be locked for 2 years; 149 million $UUU (14.9% of total supply) in the internal wallet will be used for community airdrops, partnerships, and liquidity provision, with transparent operations and rolling locks; 500 million $UUU (50% of total supply) will be permanently destroyed by sending to a black hole address; 18 million $UUU related to insider trading will be destroyed with assistance from Binance.
4. Tether CEO: Global USDT Users Exceed 400 Million
Tether CEO Paolo Ardoino posted on X: “A new era has begun: the stablecoin multiverse. Hundreds of companies and governments are launching (or about to launch) their stablecoins.”
Ardoino noted that the number of USDT users worldwide is conservatively estimated to have exceeded 400 million and is expected to reach 1 billion soon.
“We have always focused on the user adoption of stablecoins,” he added.
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