SoSoValue Crypto Daily | Crypto Market Rallies Broadly; US Senate Bill Proposes Limits on Stablecoin Rewards

SoSoValue Crypto Daily | El mercado de criptomonedas se recupera ampliamente; un proyecto de ley del Senado de EE. UU. propone límites a las recompensas de stablecoins

SoSoValue Crypto Daily | Le marché crypto se redresse globalement ; un projet de loi du Sénat américain propose de limiter les récompenses des stablecoins

SoSoValue 暗号資産（仮想通貨）デイリー | 暗号資産（仮想通貨）市場は幅広く上昇。米上院法案は、ステーブルコインの報酬に制限を設けることを提案

SoSoValue Crypto Daily | Mercado de criptomoedas se recupera amplamente; Projeto de lei do Senado dos EUA propõe limites aos retornos de stablecoins

SoSoValue Crypto Daily | Крипторынок демонстрирует широкий рост; законопроект Сената США предлагает ограничить вознаграждения за стейблкоины.

SoSoValue 加密貨幣每日 | 加密貨幣市場普遍反彈；美國參議院法案提議限制穩定幣獎勵

SoSoValue Kripto Günlüğü | Kripto Piyasası Genel Olarak Yükseliyor; ABD Senato Tasarısı Stablecoin Ödüllerine Sınır Getirilmesini Öneriyor

SoSoValue Crypto Daily | Thị trường tiền mã hóa tăng mạnh trên diện rộng; Dự luật Thượng viện Mỹ đề xuất giới hạn lợi nhuận từ Stablecoin

SoSoValue 加密日报 | 加密市场普遍上涨；美国参议院法案提议对稳定币收益设置限制

The total crypto market cap rose 4.25% to $3.33T, with BTC up 4.30% to $95,200 and ETH up 6.99% to $3,320, as all sectors gained and Meme/GameFi/NFT led with about 8% while others added 3–7%. A bipartisan Senate Banking draft would ban passive yields on stablecoin balances while permitting rewards tied to activities like staking, liquidity provision, or transactions, pushing platforms toward active participation models and protecting software developers from intermediary status. Franklin Templeton updated two institutional money funds—one now GENIUS Act–compliant for stablecoin reserves holding only short-term Treasuries and another offering a blockchain-recorded digital share class—advancing RWA tokenization and institutional on-chain rails. Polygon Labs is pivoting to payments with a $250M+ acquisition of Coinme and Sequence to build an Open Money Stack, leveraging Coinme’s money-transmitter licenses in 48 U.S. states to compete in stablecoin settlement. 21Shares listed a London ETP combining Bitcoin and gold with inverse-volatility rebalancing for risk-managed exposure. A Kraken-affiliated SPAC filed for a $250M Nasdaq IPO to create a public vehicle for acquisitions and ecosystem expansion. Grayscale added AI, DeFi, and consumer tokens to its watchlist, signaling potential institutional interest and future product development. South Korean exchanges opposed a proposed cap on major shareholder stakes, warning it would add regulatory uncertainty and hurt investment and competitiveness. A federal judge temporarily halted Tennessee’s ban on Kalshi, allowing sports prediction contracts to continue while federal commodities authority is weighed against state gaming rules.

Market UpdateThe total crypto market capitalization increased by 4.25% to $3.33 trillion. Bitcoin (BTC) saw a 24-hour gain of 4.30%, reaching $95,200, while Ethereum (ETH) rose 6.99% to $3,320. All market sectors experienced growth, with Meme, GameFi, and NFT sectors leading with an 8% increase, while other sectors posted gains between 3% and 7%.
US Senate Bill Aims to Regulate Stablecoin Yields
A new bipartisan draft bill from the U.S. Senate Banking Committee introduces specific rules for stablecoin rewards, creating a critical distinction with significant investment implications. The legislation would prohibit platforms from paying yield to users for simply holding stablecoin balances. However, it explicitly permits rewards linked to specific user activities such as staking, providing liquidity, or making transactions. This represents a regulatory compromise that could reshape the business models of crypto exchanges and DeFi platforms, forcing a shift away from passive interest-bearing accounts toward incentivizing active network participation. The bill also includes language protecting software developers from being classified as financial intermediaries, a positive development for the open-source community.
Franklin Templeton Bridges TradFi and On-Chain Finance
Asset management giant Franklin Templeton has updated two of its institutional money market funds to integrate with blockchain infrastructure, signaling a major step in the convergence of traditional and decentralized finance. One fund has been restructured to comply with the GENIUS Act, making it an eligible asset for regulated stablecoin reserves by holding only short-term U.S. Treasuries. The second fund now offers a digital share class, allowing ownership to be recorded and transferred on a blockchain. This move provides a regulated, familiar pathway for institutional capital to flow into the on-chain economy, validating the tokenization of real-world assets and creating foundational infrastructure for institutional-grade DeFi.
Polygon Labs Pivots to Payments with $250 Million Acquisitions
Polygon Labs is executing a major strategic shift toward becoming a "blockchain-based payments company" with its acquisition of crypto exchange Coinme and wallet infrastructure firm Sequence for over $250 million. The move is designed to build out its "Open Money Stack," a vertically integrated platform for global value transfers. The acquisition of Coinme is particularly strategic, as its money-transmitter licenses across 48 U.S. states provide a crucial regulatory gateway. For investors, this signals Polygon's ambition to move beyond its role as an Ethereum scaling solution and compete directly in the payments and stablecoin settlement market, which could drive significant new utility for its native ecosystem.
21Shares Lists Hybrid Bitcoin and Gold ETP on London Stock Exchange
The new exchange-traded product from 21Shares provides UK retail investors with regulated exposure to a portfolio combining Bitcoin and gold, which rebalances based on inverse volatility to manage risk.
Kraken-Affiliated SPAC Files for $250 Million Nasdaq IPO
A special purpose acquisition company (SPAC) sponsored by a Kraken affiliate is seeking to raise $250 million, creating a public vehicle that could be used to acquire other businesses and expand the crypto exchange's ecosystem.
Grayscale Expands List of Assets Under Consideration for New Products
The asset manager added several tokens from the AI, DeFi, and consumer sectors to its watchlist, providing a signal of potential institutional interest and future investment product development for the named assets.
South Korean Crypto Exchanges Oppose Proposed Ownership Cap
A leading South Korean industry group is formally protesting a government proposal to limit major shareholder stakes in exchanges, warning the move creates regulatory uncertainty that could hinder investment and reduce market competitiveness.
Kalshi Wins Temporary Halt to Tennessee's Ban on Prediction Markets
A federal judge has paused Tennessee's order against prediction market Kalshi, allowing it to continue offering sports-related contracts while the court weighs the jurisdictional conflict between federal commodities law and state gaming regulations.