Web3🌑Friday Unfolds: ETF Approvals, Crypto Crackdowns & Stablecoin Innovations
🔹 SEC may approve multiple Altcoin ETFs in Q2 2025 📈
🔹 Hong Kong & Japan team up for stablecoin remittances 💱
🔹 South Korea targets KuCoin, BitMEX in crackdown ⚖️
🔹 Bitcoin-focused Metaplanet welcomes Eric Trump to its advisory board 🏛️
Keep reading for more insights! ✨
The Web3 landscape is evolving fast! From potential altcoin ETF approvals to crypto regulations tightening in South Korea, big moves are shaping the future of digital finance. Hong Kong’s push for stablecoin-based remittances signals a step toward global adoption, while Bitcoin-focused Metaplanet makes headlines with a high-profile advisory board addition. These shifts highlight the growing intersection of blockchain, finance, and regulation. Whether you're an investor, developer, or enthusiast, staying informed is key in this dynamic space. Let’s dive into today’s biggest updates in Web3 and what they mean for the future of decentralized finance.
1. SEC may approve multiple Altcoin ETFs in Q2 2025
The U.S. Securities and Exchange Commission (SEC) is anticipated to approve multiple altcoin exchange-traded funds (ETFs) by the end of the second quarter of 2025. This development follows the SEC's recent decision to classify proof-of-work cryptocurrencies, such as Bitcoin, as commodities rather than securities, thereby exempting them from certain regulatory constraints. This regulatory clarity is expected to pave the way for the approval of altcoin ETFs, including those linked to proof-of-work cryptocurrencies like Litecoin. Despite some internal dissent within the SEC, the current pro-crypto momentum suggests that these approvals are forthcoming.
Landon Manning
2. Hong Kong & Japan team up for stablecoin remittances
Hong Kong's IDA Finance has partnered with Japan's Progmat, Datachain, and TOKI to develop a stablecoin-based cross-border remittance service. This initiative aims to enhance trade efficiency between Hong Kong and Japan by utilizing stablecoins denominated in Japanese yen and Hong Kong dollars. A user will test the service by initiating a cross-border payment request using these stablecoins through local off-ramp partners. IDA will maintain a 1:1 reserve backing for the stablecoins, while Progmat will issue them via its platform, Progmat Coin. Datachain will develop the necessary technology for cross-border stablecoin exchanges, and TOKI will contribute its cross-chain expertise.
Trisha Husada
3. South Korea targets KuCoin, BitMEX in crackdown
South Korea is intensifying its crackdown on unlicensed crypto exchanges, with KuCoin and BitMEX under regulatory scrutiny. Authorities are tightening oversight to curb illicit trading and enhance investor protection. The move aligns with the country's stricter crypto regulations, ensuring that platforms operating without proper authorization face legal consequences. By enforcing compliance, South Korea aims to create a safer digital asset market and prevent financial crimes. As global regulations evolve, this crackdown highlights the growing pressure on crypto exchanges to meet legal standards or risk being shut down. Investors are urged to stay informed as the landscape rapidly changes.
Ezra Reguerra
4. Bitcoin-focused Metaplanet welcomes Eric Trump to its advisory board
Japan’s largest corporate Bitcoin holder, Metaplanet, has appointed Eric Trump as an advisor, signaling a strategic move in the crypto space. The company, known for its strong Bitcoin investments, aims to leverage Trump’s influence and business insights to expand its reach. This decision aligns with its goal of strengthening Bitcoin adoption in traditional finance. With regulatory shifts and institutional interest growing, Metaplanet’s move highlights the increasing intersection of politics, business, and crypto. As global markets evolve, this appointment may shape new industry narratives, reinforcing Bitcoin’s role in mainstream financial strategies and corporate investment portfolios.
Shaurya Malwa
Web3 is moving at lightning speed, with regulations, innovations, and major industry shifts shaping the future of digital finance. As governments, companies, and investors navigate this evolving space, staying informed is crucial. Whether it's ETF approvals, cross-border stablecoin advancements, or crypto exchange crackdowns, every development plays a role in the bigger picture. The decentralized economy is expanding, and those who keep up will have the edge. Stay tuned for more insights, and don’t forget to subscribe to our newsletter for the latest updates on Web3’s biggest breakthroughs!
