Hong Kong has approved and launched its first spot Solana ETF, issued by ChinaAMC, giving institutional investors regulated exposure to SOL without needing wallets or private keys. Trading begins Oct. 27 on the Hong Kong Stock Exchange across HKD, USD, and RMB counters, tracking the CME CF Solana-USD Index with an expense ratio near 2%.

Kenya’s Parliament has approved the Virtual Asset Service Providers (VASP) Bill in a major push to legitimize cryptocurrencies, with the measure now awaiting President William Ruto’s assent. The law aims to create a licensing and supervisory framework for crypto exchanges and wallets, strengthen consumer protection, and align with anti-money laundering and counter-terrorist financing (AML/CFT) standards.

A consortium of major banks—including Bank of America, Goldman Sachs, Deutsche Bank, Citi, and led by BNP Paribas—announced a project to explore issuing 1:1 reserve-backed stablecoins on public blockchains, pegged to G7 currencies such as the U.S. dollar, euro, and Japanese yen.

Binance has launched Crypto-as-a-Service (CaaS), a white-label crypto trading toolkit that lets banks, brokerages, and stock exchanges offer digital asset services under their own brand while using Binance’s backend infrastructure. The turnkey solution provides access to Spot and Futures markets, deep liquidity, settlement, custody, and compliance tooling—helping TradFi institutions enter crypto without building systems from scratch.

MicroStrategy, the business intelligence company co-founded by Michael Saylor, has expanded its Bitcoin holdings to an unprecedented 638,985 BTC, worth more than $73 billion. The announcement followed the purchase of 525 Bitcoin valued at roughly $60 million, acquired at an average price of $114,562 per BTC.

Safety Shot (Nasdaq: SHOT) announced it is establishing a corporate treasury position in BONK through a strategic alliance with BONK founding contributors, receiving roughly $25 million worth of tokens. In exchange, the company is issuing $35 million of convertible preferred shares.

South Korea’s two largest political parties have both introduced competing bills aimed at regulating stablecoins, reflecting the country’s push to become a leader in digital asset regulation.

Block Inc., the fintech company founded by Jack Dorsey, has officially joined the S&P 500 index as of July 23, 2025, replacing Hess Corporation after its acquisition by Chevron. This move marks Block as the third publicly listed company in the S&P 500 to hold Bitcoin on its balance sheet, alongside Tesla and Coinbase. Block currently holds 8,584 BTC, valued at approximately $1 billion, making it the 13th-largest corporate Bitcoin holder globally.

Texas has taken a pioneering step in state-level cryptocurrency adoption by passing Senate Bill 21, which creates the Texas Strategic Bitcoin Reserve. Signed into law by Governor Greg Abbott in June 2025, this legislation allows the state to invest public funds in Bitcoin, with the potential to allocate up to$2.1 billion if 10% of its treasury fund is used.