By Kapil Rajyaguru
Australia Proposes New Crypto Regulation Structure, Plans to Integrate Digital Assets Into the Economy
The Australian Government announced an ambitious whole-of-government approach to regulating and integrating digital assets into the broader economy, inspired by work done in the European Union (EU) and Singapore. In a white paper published by the Australian Treasury, the country’s government says it will embrace tokenization, real-world assets (RWAs), and central bank digital currencies (CBDCs) as part of a broader push to modernize its financial system. The government says that the Australian Treasury, the Australian Securities and Investment Commission, as well as the Reserve Bank of Australia are planning to launch pilot trials that use tokenized money, including stablecoins, to settle transactions in wholesale tokenized markets.
Eric Trump Joins Metaplanet’s Strategic Board Of Advisers
Bitcoin-stacking firm Metaplanet has appointed US President Donald Trump’s son Eric to its newly established strategic board of advisers to further Metaplanet’s mission to become a “global leader in the Bitcoin economy.” The move is part of Metaplanet’s plan to establish a board of influential voices, speakers, and thought leaders around the world who are committed to furthering Bitcoin adoption. The Japan-based investment firm set a target to accumulate at least 10,000 Bitcoin before the end of 2025.
Canary Capital Files For PENGU ETF
Asset manager Canary Capital has filed to list an exchange-traded fund (ETF) holding Pengu (PENGU), the governance token of the Pudgy Penguins non-fungible token (NFT) project, US regulatory filings show. The ETF is the latest in a slew of filings for new US investment products tied to spot cryptocurrencies, including altcoins and memecoins. According to the filing, the ETF is intended to hold spot PENGU as well as various Pudgy Penguins NFTs. It would be the first US ETF to hold NFTs if approved.
Venture Capital Firms Invest $400mn In TON Blockchain
The Open Network Foundation, also known as TON Foundation, said several venture capital firms invested more than $400 million in the TON blockchain, signaling growing interest in the Telegram messaging ecosystem. Sequoia Capital, Ribbit, Benchmark, Draper Associates, Kingsway, Vy Capital, Libertus Capital, CoinFund, SkyBridge, Hypersphere, and Karatage participated in the investment by purchasing Toncoin, the native cryptocurrency of The Open Network. TON Foundation described the token purchases as strategic partnerships that will help expand the TON ecosystem, though no further details were provided.
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