SoSo Crypto Daily | Crypto Market Sees Broad Decline; Regulatory Pressure on DeFi and Major Stablecoin Acquisition Talks Dominate Headlines

SoSo Crypto Daily | El mercado de criptomonedas experimenta un amplio declive; la presión regulatoria sobre DeFi y las conversaciones sobre la adquisición de stablecoins importantes dominan los titulares

SoSo Crypto Daily | Le marché crypto connaît un large déclin ; la pression réglementaire sur la DeFi et les pourparlers d'acquisition de stablecoins majeurs dominent les gros titres

SoSo Crypto Daily | 暗号資産（仮想通貨）市場は広範な下落に見舞われる。DeFiへの規制圧力と主要ステーブルコイン買収交渉がヘッドラインを席巻

SoSo Crypto Daily | Mercado de criptomoedas regista um declínio generalizado; Pressão regulatória sobre `DeFi` e negociações de aquisição de `stablecoin` importantes dominam as manchetes

SoSo Crypto Daily | Криптовалютный рынок демонстрирует широкий спад; нормативное давление на DeFi и крупные переговоры о приобретении стейблкоинов доминируют в заголовках новостей.

SoSo Crypto Daily | 加密市場震盪調整；DeFi監管提案引發爭議，幣安錢包加碼Meme生態，Coinbase或收購BVNK，盧森堡主權基金配置比特幣ETF

SoSo Crypto Günlük | Kripto Para Piyasasında Genel Düşüş; `DeFi` Üzerindeki Düzenleyici Baskı ve Büyük Stablecoin Satın Alma Görüşmeleri Manşetlere Hakim

SoSo Crypto Daily | Thị trường Crypto chứng kiến sự suy giảm diện rộng; Áp lực pháp lý đối với `DeFi` và các cuộc đàm phán mua lại `stablecoin` lớn thống trị các tiêu đề

SoSo Crypto Daily | 加密市场震荡调整；DeFi监管提案引发争议，币安钱包加码Meme生态，Coinbase或收购BVNK，卢森堡主权基金配置比特币ETF

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="eb140c0a-4785-47b9-ba09-3706cc2dec13"><div class="bn-block" data-node-type="blockContainer" data-id="eb140c0a-4785-47b9-ba09-3706cc2dec13"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><em>The crypto market saw a sharp downturn, with total market cap dropping 1.98% as Bitcoin slipped 1.48% and Ethereum fell 3.65%, while Layer2 projects led declines with a 6% drop. A US Senate DeFi proposal drew backlash from the crypto industry, with critics warning it could effectively ban DeFi development in the US due to strict broker-level requirements. Binance Wallet launched the Meme Rush platform for meme token engagement, though the sector remains highly volatile and sensitive to listing rumors. Coinbase and Mastercard are in advanced talks to acquire stablecoin firm BVNK for up to $2.5 billion, potentially marking the largest stablecoin acquisition to date. Meanwhile, Luxembourg’s sovereign wealth fund became the first in the Eurozone to invest in a Bitcoin ETF, allocating 1% of its holdings, signaling growing institutional interest in crypto assets in Europe.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2273d936-1f93-44d4-925f-13ed73750ce4"><div class="bn-block" data-node-type="blockContainer" data-id="2273d936-1f93-44d4-925f-13ed73750ce4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br><br><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="5c5d24d5-0e92-4e39-aaed-0fa921a76ebc"><div class="bn-block" data-node-type="blockContainer" data-id="5c5d24d5-0e92-4e39-aaed-0fa921a76ebc"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c7af11c3-7d8e-4520-b71c-0088327bf9cb"><div class="bn-block" data-node-type="blockContainer" data-id="c7af11c3-7d8e-4520-b71c-0088327bf9cb"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="90bd1bac-652f-4cf3-99b0-3fafae6d17c5"><div class="bn-block" data-node-type="blockContainer" data-id="90bd1bac-652f-4cf3-99b0-3fafae6d17c5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bb4fc62e-01c6-4f0d-99ef-f5395537eeda"><div class="bn-block" data-node-type="blockContainer" data-id="bb4fc62e-01c6-4f0d-99ef-f5395537eeda"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

FORM

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="6a5e5b2e-a7fd-4ab7-a855-811a46d56d93"><div class="bn-block" data-node-type="blockContainer" data-id="6a5e5b2e-a7fd-4ab7-a855-811a46d56d93"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Market Update</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="2bc48f58-f567-4d18-8876-789766924699"><div class="bn-block" data-node-type="blockContainer" data-id="2bc48f58-f567-4d18-8876-789766924699"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The cryptocurrency market experienced a notable downturn over the past 24 hours, with total market capitalization dropping 1.98% to $4.23 trillion. Bitcoin (BTC) fell 1.48% to $121,500, while Ethereum (ETH) posted a sharper loss of 3.65%, now trading at $4,360. Most sectors tracked losses in the 2-3% range, but Layer2 projects suffered the largest dip, leading all segments with a 6% decline.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d99b6d8a-5f40-4413-b9db-b05d9676360d"><div class="bn-block" data-node-type="blockContainer" data-id="d99b6d8a-5f40-4413-b9db-b05d9676360d"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>US Senate's DeFi Proposal Sparks Industry Backlash</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="71117efb-9536-431c-88f6-4010e44802fc"><div class="bn-block" data-node-type="blockContainer" data-id="71117efb-9536-431c-88f6-4010e44802fc"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">A draft proposal circulated by US Senate Democrats regarding decentralized finance (DeFi) has sparked strong opposition within the crypto community. The proposed language would subject any entity profiting from a DeFi platform’s frontend to broker-level regulatory requirements. The Blockchain Association’s CEO stated that such measures would "effectively ban" DeFi’s development in the US, highlighting the growing regulatory scrutiny on decentralized platforms and raising concerns about the future innovation landscape in the country.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e56dc144-7c71-433a-9868-e7c8e6f87aa1"><div class="bn-block" data-node-type="blockContainer" data-id="e56dc144-7c71-433a-9868-e7c8e6f87aa1"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Binance Wallet Launches ‘Meme Rush’ Platform Amid Community Sensitivities</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="243b4333-2797-4766-b2e1-51c957bc73be"><div class="bn-block" data-node-type="blockContainer" data-id="243b4333-2797-4766-b2e1-51c957bc73be"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Binance Wallet has introduced the exclusive Meme Rush platform, targeting users seeking to discover and engage with meme token projects. Developed in collaboration with <a target="_blank" rel="noopener noreferrer nofollow" href="http://Four.Meme">Four.Meme</a>, the platform features a structured token lifecycle using a bonding curve model, transparent rankings, and a clear path to potential listing on Binance Alpha. During the event phase, users gain a 4x trading volume points bonus on all Meme Rush tokens, with further bonuses if tokens reach Binance Alpha. However, the meme token sector remains highly sensitive to news about potential listings and insider trading, reflecting its speculative and often unstable nature.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d971f820-4ed8-4e11-82c3-d97007872b08"><div class="bn-block" data-node-type="blockContainer" data-id="d971f820-4ed8-4e11-82c3-d97007872b08"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Coinbase and Mastercard in Advanced Talks to Acquire BVNK</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="35360d08-c2e8-4c61-8065-117c95ac7ab4"><div class="bn-block" data-node-type="blockContainer" data-id="35360d08-c2e8-4c61-8065-117c95ac7ab4"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Fortune reports that Coinbase and Mastercard are in advanced negotiations to acquire London-based stablecoin infrastructure provider BVNK, with a potential deal value estimated between $1.5 billion and $2.5 billion. Coinbase currently leads the bidding, though the deal is not finalized. If completed, this would mark the largest stablecoin-related acquisition to date. Founded in 2021, BVNK provides stablecoin trading, cross-border payments, and treasury services for enterprises, and has attracted investments from notable backers including Haun Ventures, Coinbase Ventures, Tiger Global, Visa, and Citi Ventures.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="c406ba77-3ff6-4803-bb49-b616daaa5e47"><div class="bn-block" data-node-type="blockContainer" data-id="c406ba77-3ff6-4803-bb49-b616daaa5e47"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Luxembourg’s Sovereign Wealth Fund Allocates 1% to Bitcoin ETF</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="6d4c4e34-e5f7-4909-8255-396a1c6996a0"><div class="bn-block" data-node-type="blockContainer" data-id="6d4c4e34-e5f7-4909-8255-396a1c6996a0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Luxembourg’s intergenerational sovereign wealth fund (FSIL) has allocated 1% of its holdings to a Bitcoin ETF, making it the first national-level fund in the Eurozone to make such a move. Finance Minister Gilles Roth confirmed the investment, noting that recent regulatory changes allow FSIL to allocate up to 15% of its assets to alternative investments, including cryptocurrency. This move underscores the growing institutional interest in digital assets within Europe.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="25e037c4-b719-4782-9eac-00c8eac5b728"><div class="bn-block" data-node-type="blockContainer" data-id="25e037c4-b719-4782-9eac-00c8eac5b728"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="d00d749c-c24c-4de0-8c04-59f90131a452"><div class="bn-block" data-node-type="blockContainer" data-id="d00d749c-c24c-4de0-8c04-59f90131a452"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

Crypto Market Sees Broad Decline; Regulatory Pressure on DeFi and Major Stablecoin Acquisition Talks Dominate Headlines