The California Department of Financial Protection and Innovation (CalFPI) has submitted a comment to the U.S. Securities and Exchange Commission (SEC) opposing its proposed Regulation of Crypto Assets, arguing that the plan weakens investor protection and limits state-level oversight authority. CalFPI Commissioner KC Mohseni stated that California opposes federal regulators weakening state-level regulatory authority and protections. The proposal would allow issuers to raise up to $5 million over four years, or up to $75 million over 12 months. Ripple, Coinbase, and Nasdaq support the proposed changes. CalFPI noted that its fraud tracking list has added nearly 200 cryptocurrency-related scams, a 30% increase from the previous year. (Source: Bitcoin.com News)
An institution investing in Aave and Worldcoin transferred 16.1 million WLD (worth $7.39 million) and 35,000 AAVE (worth $4.81 million) to multiple centralized exchanges in the past day. Over the past two days, this institution may have sold tokens worth approximately $45.38 million, including 35.1 million WLD (worth $17.06 million), 6,000 ETH (worth $14.4 million), and 97,000 AAVE (worth $13.92 million).
Analyst Darkfost points out that with BTC holding steady above $80,000, retail investor inflows into Binance have hit a six-month high, contrasting with the continued decline in whale deposits. 30-day cumulative data shows that retail deposits have climbed from $5.5 billion to $10.75 billion.
xStocks' tokenized stocks have reached a market capitalization of $1 billion on-chain, representing an 802.5% increase over the past year. Solana's on-chain market capitalization is $523.1 million, X Layer's is $304.1 million, and Ethereum's is $165.1 million, with assets distributed across 9 blockchains.
