Crypto Weekly Roundup: Tether Mints, Trump's SEC Pick, and Bitcoin L2 Projections

ZEDXION cryptocurrency exchange shows consistent growth in trading volumes, reaching $1.82B in the latest 24-hour period. This represents a 33.8% increase from the previous day's $1.36B. Key highlights: - Current volume: $1.82B - Top performer: HYPER/USDT (+179.08%) - 30-day average volume: ~$1.4B The exchange maintains steady daily volumes above $1B, with occasional peaks above $2B. Trading activity indicates strong market participation and liquidity across multiple trading pairs. Visit [ZEDXION Exchange](http://zedxion.io) for more details.

South Korea announces plans to reclassify cryptocurrency companies as startups, making them eligible for significant tax benefits and support programs. This policy shift follows ongoing debates about crypto taxation in the country since late 2024. Key changes: - Tax cuts for qualified crypto firms - Access to startup support programs - Recognition as legitimate business entities This reclassification marks a significant shift in South Korea's approach to crypto regulation, potentially making the country more attractive for blockchain businesses.

Dubai has marked a significant milestone in financial innovation by approving its first tokenized money market fund, a collaboration between QNB and DMZ Finance. This follows Dubai's broader initiative to embrace digital assets, including the Finance Department's recent decision to accept cryptocurrency for government fees. Key developments: - First tokenized money market fund approved - Partnership between QNB and DMZ Finance - Builds on Dubai's crypto-friendly regulatory framework This move reinforces Dubai's position as a leading hub for financial technology innovation in the Middle East.

Hong Kong is implementing faster settlement cycles for tokenized green bonds, marking a significant advancement in its digital finance infrastructure. This move follows recent regulatory developments, including: - New settlement system reduces traditional processing times - Strict standards established for stablecoin issuers - Integration with existing financial frameworks The initiative demonstrates Hong Kong's commitment to modernizing its financial markets while maintaining regulatory oversight. This development positions Hong Kong as a leader in combining sustainable finance with blockchain technology.

Key developments in the cryptocurrency sector this week: - Spanish cafe chain Vanadi Coffee approves significant $1.17B Bitcoin investment plan - Major German bank announces plans to launch crypto trading services by 2026 - European Central Bank (ECB) to test blockchain-based euro settlement system by 2026 - Tether expands USDT supply with 1B token issuance on Ethereum - Ripple seeks US banking license to expand into traditional finance This follows recent moves by Amazon, Walmart, and Expedia exploring stablecoin solutions, and various regulatory developments in Hong Kong and Thailand supporting digital asset growth.