Key Industry News 🌏
-Hong Kong Stock Exchange is launching indices for Bitcoin and Ethereum.
-A partner at DWF Labs was accused of misconduct.
-Canary has applied to launch a Solana ETF.
-MicroStrategy plans to raise $42 billion over three years.
-Franklin Templeton launched a tokenized fund FOBXX on Base.
-Coinbase announced a $1 billion share buyback.
-Tether will launch a dirham-pegged stablecoin on TON.
-Paxos introduced a new regulated stablecoin, USDG.
-Immutable received a Wells notice from the SEC.
-21Shares filed for an XRP ETF.
-Kraken laid off 15% of its staff, and Reddit sold part of its crypto assets.

Interesting Project Updates 🌐
-Swell Network is migrating to Optimism.
-World Liberty Finance (a project linked to Trump) plans to issue its own stablecoin.
-Stacks released the Nakamoto update.
-Optimism Foundation will grant Kraken 20 million $OP to launch its Ink solution.
-dYdX cut 35% of its team, and Consensys laid off 20%.
-Zeta Blockchain experienced block production failures.

The developments in the crypto space are moving at lightning speed! The launch of Bitcoin and Ethereum indices by the Hong Kong Stock Exchange could really boost institutional interest. Meanwhile, the various layoffs highlight the industry's ongoing challenges. It's fascinating to see how projects like Swell Network and Immutable are navigating these waters. Exciting times ahead for crypto investors and enthusiasts!