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👀 This week, we spotlight the explosive debut of Circle’s IPO, signalling strong investor appetite for stablecoins. We also explore regulatory advancements in Singapore, rising adoption across Africa and the UK, and partnerships shaping the next wave of digital finance.⚖️ Regulation

⚖️ Regulation

🇬🇧 The UK’s Financial Conduct Authority (FCA) has announced plans to lift its ban on retail investors purchasing crypto exchange-traded notes (ETNs), marking a shift in its stance on digital assets. Details here

🇮🇳 The Reserve Bank of India (RBI) has reiterated its unchanged stance on cryptocurrency, maintaining its cautious approach due to concerns over financial stability and monetary policy risks. Read More

🇸🇬 In Singapore, the Monetary Authority of Singapore (MAS) has directed local crypto firms to halt overseas services by June 30, 2025, or face significant penalties. This move aims to tighten regulatory oversight amid rising crypto adoption. More on this

🌍 Adoption

🇰🇪 AfriBit Africa has launched Bitcoin payments in Soweto West, Kibera, Kenya’s largest urban slum, as part of a financial inclusion push. Around 200 residents now use BTC for daily transactions via the Lightning Network. Read more

🇬🇧 The United Kingdom now leads in global crypto adoption: 24% of UK adults own crypto, up from 18% last year, surpassing major economies and reflecting a growing national appetite for digital finance. Check the ranking

🛠 Tech & Partnerships

🌍 Circle, the issuer of USDC, raised $1.05 billion in its U.S. IPO, with shares soaring over 160% on the first day of trading, valuing the company at nearly $7 billion. This surge underscores growing investor interest in the stablecoin sector. Read more about the iconic IPO

🌐 Luna PR has partnered with the Web3 Alliance of Saudi Arabia (WASA) to boost Web3 development in the region, supporting the Kingdom’s Vision 2030 with regulatory alignment and ecosystem growth. More on this

🌍 Everything Else

🇦🇪 Sui has teamed up with Dubai’s Virtual Assets Regulatory Authority (VARA) to support startups via a compliant Web3 framework. This aligns with Dubai’s role as a regional crypto hub. Read more

🌍 BlockDAG, a fast-growing blockchain platform, is rumored to be in partnership talks with the NBA, after striking a deal with Inter Milan. The project has raised over $291 million to date. Read more

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