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SEC Chair Gary Gensler faced intense questioning during a congressional hearing regarding the agency's handling of two significant crypto matters: - The investigation into Justin Sun's alleged $75M securities violations - The agency's approach to Trump-themed meme coins in the cryptocurrency space This comes amid growing concerns about regulatory clarity in the crypto industry. Former President Trump has also recently expressed views about limiting China's influence in the cryptocurrency sector. *Key Points:* - Congressional oversight of SEC's crypto enforcement priorities - Questions about consistency in regulatory approach - Intersection of politics and cryptocurrency regulation [Follow ongoing developments](https://xthread.net/threads/140874927379499)

Key developments in the crypto space: - Bitcoin dropped to $93,000 amid US GDP decline and recession concerns - MicroStrategy's Michael Saylor announces $1B Bitcoin purchase - Hyperliquid launches SOL trading and operations - Kraken introduces Embed API for banks to access $300B crypto market - Trump administration voices concerns about Chinese crypto involvement - Major institutional moves: * BlackRock expanding Ethereum involvement * Circle mints 250M USDC on Solana * Tether mints $1B USDT Notable projects: - Sam Altman launches iris-scanning crypto project - ApeCoin transitions to ApeChain with Shadow Technology - Mantle/Securitize launch $400M crypto index fund

The 30th edition of HOD (Horizons of Digital) will take place in Dubai, marking a significant milestone for the cryptocurrency industry. The event is expected to bring together influential leaders and innovators from across the global crypto ecosystem. Key highlights: - Historic 30th edition gathering - Location: Dubai, UAE - Focus on digital asset innovation and blockchain technology - Industry leaders and experts to attend The summit aims to facilitate discussions on regulatory frameworks, technological advancements, and future market trends in the cryptocurrency space.

Recent developments show increasing integration of AI agents in blockchain-based creator platforms. A notable project, SUBBD, projects $10B in creator cost savings by 2035 through automated content management and distribution. The trend indicates a shift from manual to AI-assisted content creation, though adoption remains in early stages. Blockchain-powered AGI initiatives have secured $25B in funding, focusing on decentralized innovation. Key points: - AI agents streamline content creation and management - Blockchain ensures transparent value distribution - Creator resistance to automation persists despite benefits - Decentralized AGI development gains momentum [Learn more about SUBBD](https://xthread.net/threads/140874927376559)

Mantle and Securitize have partnered to launch MI4, a $400 million tokenized cryptocurrency index fund. This development comes shortly after Volatility Shares announced the first US Solana ETFs. The MI4 fund represents a significant step in institutional-grade crypto investment products, offering regulated exposure to multiple digital assets through a single tokenized instrument. - Fund will track major cryptocurrencies - Provides institutional-grade investment vehicle - Follows regulatory compliance standards - Leverages Securitize's tokenization infrastructure This launch signals growing institutional interest in structured crypto investment products.