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Crypto Biz: Ledger halts recovery service, Web3 in Hong Kong, and another CEX goes down

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This week’s Crypto Biz explores Hotbit’s closure, Hong Kong’s licensing of crypto firms, Bitstamp’s acquisition by Ripple and Ledger’s branding crisis.

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Coin Market

Securitize proposes BlackRock BUIDL fund as collateral for Frax USD

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According to RWA.XYZ, BlackRock’s US dollar Institutional Digital Liquidity Fund has roughly $549 million in assets under management.

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Coin Market

SUI, BGB, ENA and VIRTUAL show strength as Bitcoin looks for direction

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Bitcoin’s recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.

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Coin Market

Trump nominates Stephen Miran as Council of Economic Advisors chairman

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“I’m a huge believer in innovation, in powering the betterment of mankind, and increasing prosperity,” Miran recently said in a podcast.

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