Guggenheim Launches Digital Commercial Paper

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Published time: 6/11/2025, 8:00:12 AM (Asia/Tokyo)

📢 Important News

• Guggenheim Treasury Services launched the first native Digital Commercial Paper on the XRP Ledger, issuing over $280 million backed by U.S. Treasury securities, marking a significant step for real-world assets on-chain.
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• Coinbase's 'State of Crypto' report reveals 60% of Fortune 500 companies are engaged in blockchain, with a significant rise in stablecoin interest among SMBs, highlighting the need for regulatory clarity for broader adoption.
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• SBI Holdings invests $50 million in Circle Internet Group post-IPO, reflecting strong institutional demand for stablecoins. This follows SBI's prior investments in Ripple, emphasizing the future role of digital assets in finance.
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• Société Générale-FORGE plans to launch the USD CoinVertible stablecoin on Ethereum and Solana, allowing fiat conversions for transactions, though it won't be traded in the U.S. due to regulatory constraints.
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• South Korea's Democratic Party proposed the Digital Asset Basic Act, establishing a licensing regime for stablecoin issuers to enhance transparency and investor protection, positioning the country as a leader in the digital economy.
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📊 Market

• Bitcoin (BTC) is trading just below $110,000, with a 2% increase in 24 hours, driven by institutional interest. 126 publicly listed companies hold ~819,000 BTC. BlackRock's iShares Bitcoin Trust surpassed $70 billion AUM in record time, highlighting significant capital-raising potential amid macroeconomic factors influencing BTC's price.
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• Binance will liquidate the PUMPUSDT perpetual contract on June 13, 2025, and launch a new PUMPBTCUSDT contract with 50x leverage. This move is part of Babylon's liquidity staking solution to enhance the BTC derivatives market.
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• Ethereum staking has reached a historic high of 34.65 million ETH, nearly 30% of the circulating supply, indicating increased investor confidence and a bullish sentiment towards Ethereum's future.
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• Bithumb will list WIF and POKT tokens on its Korean won market starting June 10, aiming to diversify its offerings in the growing cryptocurrency market.
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• Institutional wallets deposited 48.48 million LDO tokens into exchanges over the past month, indicating potential sell-offs and reflecting market volatility surrounding LDO tokens.
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⚖️ Policy & Regulation

• SEC Chairman Paul Atkins proposed an 'innovation exemption' for DeFi at the Crypto Task Force roundtable, advocating for self-custody of digital assets and criticizing the SEC's past enforcement approach. This aligns with efforts to position the U.S. as a global crypto hub.
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