Dear PointPay Family,
A lot of news in the cryptosphere can easily hide the most important and interesting headlines from you. To prevent this from happening, we have selected for you the top 5 key events of the cryptosphere over the past 7 days!
Stablecoins Take Center Stage in Venezuela as Inflation Soars
Venezuela’s annual inflation rate has climbed to 229%, pushing residents to abandon the bolívar in favor of stablecoins for everyday transactions. Tether’s USDt, often informally called “Binance dollars,” is now a common payment method across the country, covering everything from groceries to salaries.
The bolívar has largely vanished from daily commerce, as hyperinflation and multiple exchange rates undermine its use. Vendors and consumers increasingly rely on USDt due to its liquidity and stable value, making it the preferred benchmark for pricing goods and services nationwide.
Robinhood Joins S&P 500 as MicroStrategy Misses Out
Robinhood will enter the S&P 500 index on September 22, marking a milestone for the trading platform and its growing crypto ambitions. Its stock gained 7% in after-hours trading following the announcement.
Meanwhile, MicroStrategy, the largest corporate holder of Bitcoin, was left off the index despite meeting the requirements after a strong quarter. The decision highlights how traditional market indices are selectively embracing companies with ties to digital assets, with Robinhood joining Coinbase and Block as the only crypto-related firms in the benchmark.
SEC Signals Shift on Crypto Rules
US SEC Chair Paul Atkins has announced plans to simplify oversight of digital assets, stating that most crypto tokens do not fall under securities laws. Speaking at an OECD event in Paris, he outlined a unified framework to cover trading, lending, and staking activities.
The initiative, dubbed Project Crypto, aims to replace enforcement-heavy policies with clear guidance to help innovators thrive in the US. Atkins said the effort builds on recommendations from the President’s Working Group on Digital Asset Markets, signaling a new regulatory era for blockchain-based finance.
First US Dogecoin ETF Set to Launch
The Rex-Osprey Doge ETF, the first US fund to track Dogecoin, will begin trading on Thursday, expanding the lineup of regulated crypto investment products.
Dogecoin’s market cap has climbed to $36 billion as anticipation of the launch builds. Analysts view the ETF as evidence that even memecoins, long dismissed as speculative, are drawing institutional attention within the broader digital asset market.
Nasdaq Moves Toward Tokenized Securities Trading
Nasdaq has filed a proposal with the SEC to allow trading of tokenized versions of listed stocks and exchange-traded products on its main platform. If approved, it would mark the first time tokenized securities are traded on a major US exchange.
The move reflects a growing push to integrate blockchain-based settlement into traditional markets. It also follows the SEC’s updated agenda on crypto trading rules, underscoring the rising investor demand for tokenized assets and their potential to enhance market liquidity.
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