‘Banks Are Going To Get Fully Into Crypto:’ David Sacks Predicts Unified Digital Assets Industry

David Sacks, the Trump administration’s AI and crypto czar, has predicted that banks will become fully involved in the crypto industry, paving the way for a unified digital assets sector.

The prediction comes as legislation on crypto market structures stalls over whether third-party platforms can offer rewards programs to stablecoin users. Banks argue such programs bypass yield restrictions, while crypto firms defend them as essential revenue features for decentralized finance.

Compromise Needed For Legislative Progress

In an interview with CNBC’s Squawk Box, Sacks discussed the ongoing debate over stablecoin regulation in the U.S.

“The banks are going to get fully into the crypto…

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BitGo Set For Wall Street Debut Today: All About First Crypto IPO Of 2026

BitGo Holdings Inc. is set for its Wall Street debut on Thursday, becoming the first cryptocurrency company to IPO this year.

Details Of The IPO

The cryptocurrency custodian firm will list shares on the NYSE under the ticker symbol “BTGO.”

BitGo will offer 11,026,365 shares of Class A common stock, while its existing shareholders will offer 795,230 shares of Class A common stock, at $18 per share. The company stands to raise $198.47 from the offering

On the completion of the offering, BitGo will have 115,559,776 shares outstanding, including 8,855,382 shares of Class B common stock, valuing the company at $2.08 billion.

Unpacking BitGo’s Trajectory

Founded in 2013 by former Google…

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Mike Novogratz Tells Anthony Scaramucci Crypto Industry Will Lose Stablecoin Rewards Battle To Banking Lobby: ‘There’ll Be A Compromise’ – Galaxy Digital (NASDAQ:GLXY)

Galaxy Digital Inc. (NASDAQ: GLXY) CEO Mike Novogratz said Wednesday that the cryptocurrency industry will have to eventually compromise on the controversial stablecoin rewards clause in the market structure bill.

Will Crypto Lobby Lose Against Banking Lobby?

In a discussion with SkyBridge Capital founder Anthony Scaramucci, Novogratz said the industry is “going to lose that battle” against what he described as a “very strong” banking lobby.

“There’ll be a compromise. The compromise is that the stablecoin companies will be able to give some reward points out for usage, but not balances,” he predicted.

Democrats Are Committed, Says Novogratz

Novogratz said that the bill,…

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US Treasury ETFs On-Chain? Investment Firm Seeks SEC Nod: ‘Tokenization Is Coming To Securities Markets…’ – Grayscale Ethereum Staking Mini ETF Shares (ARCA:ETH)

Asset management firm F/m Investments sought SEC approval on Wednesday to tokenize shares of its flagship U.S. Treasury Bill exchange-traded fund.

Regulated Pathway For Treasury Bill ETFs

F/m Investments applied with the regulator to record ownership of tokenized shares of the US Treasury 3 Month Bill ETF (NASDAQ:TBIL) on a “permissioned” blockchain.

If the SEC approves the request, TBIL’s existing ETF shares would be represented on a blockchain under the same Committee on Uniform Securities Identification Procedures code. This would grant the same rights, fees, voting rights, and economic terms as current TBIL shares.

The firm stated that its approach ensures tokenized…

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Nvidia, Microsoft Trading On Solana? Ondo Finance Launches ‘Full TradFi Portfolio’ Of Stocks, ETFs, Gold On The Blockchain

Real-world assets tokenization platform Ondo Finance (CRYPTO: ONDO) launched hundreds of blockchain-based stocks, exchange-traded funds, bonds, and commodities on Solana (CRYPTO: SOL) on Wednesday.

Solana Goes TradFi

Ondo Finance said in an X post that it’s bringing the “full TradFi portfolio” to Solana, one of the most popular networks for decentralized finance.

More than 200 assets, including Mag 7 stocks such as NVIDIA Corp. (NASDAQ:NVDA) and Microsoft Corp. (NASDAQ:MSFT), ETF’s such as iShares MSCI Emerging Markets ETF (NYSE:EEM), treasury bonds, precious metals such as gold and silver, will be available for trading on the Layer-1 network.

The assets were launched via the…

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Bitcoin, Ethereum, XRP, Dogecoin Rally As Trump Withdraws Greenland Tariff Threat: Analyst Sees BTC Reclaiming $100,000 Soon If It Hits This Level – Grayscale Bitcoin Mini Trust (BTC) (ARCA:BTC)

Leading cryptocurrencies surged alongside stocks on Wednesday, while gold eased as President Donald Trump backed off on planned tariffs on Europe over Greenland.

CryptocurrencyGains +/-Price (Recorded at 8:25 p.m. ET)Bitcoin (CRYPTO: BTC)+1.32%$90,068.10Ethereum (CRYPTO: ETH)               +1.99%$3.019.96XRP (CRYPTO: XRP)                         +2.98%$1.96Solana (CRYPTO: SOL)                         +2.42%$130.47Dogecoin (CRYPTO: DOGE)             +1.77%$0.1274Crypto Market Lifts

Bitcoin snapped its week-long losing streak, rising above $90,000, while Ethereum reclaimed $3,000 amid a broader cryptocurrency market…

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Strive ($ASST) Plans $150M Follow-On Offering To Buy Bitcoin

Strive announced today that it intends to raise up to $150 million through a follow-on offering of its Variable Rate Series A Perpetual Preferred Stock, known as SATA Stock, subject to market conditions. 

The offering is registered under the Securities Act of 1933 and marks Strive’s latest move to expand its bitcoin holdings while addressing outstanding debt.

Strive plans to use the proceeds from the offering, along with cash on hand and potentially funds from terminating certain derivative contracts tied to convertible debt, to repurchase or redeem all or a portion of the 4.25% Convertible Senior Notes due 2030 issued by its subsidiary Semler Scientific, Inc. 

These…

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Bitcoin Price Surges To $90,000 After Trump Delays Tariffs

The bitcoin price experienced several intraday spikes on Wednesday, swinging by several thousand dollars as traders reacted to shifting geopolitical headlines and fresh comments from U.S. President Donald Trump.

The world’s largest cryptocurrency started the day near $88,000 before surging above $90,000 in early trading. The rally proved short-lived, however, with bitcoin sliding back into the upper $87,000 range after markets opened and dipped. Prices then roared higher once again, rebounding toward $90,000 after Trump announced a delay to planned trade tariffs.

Bitcoin price was last trading around $90,000 at the time of writing, having briefly reclaimed the level for the…

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FTX-Fraudster Caroline Ellison Set For Release From Prison

Caroline Ellison, the former co-CEO of Alameda Research and a central figure in the collapse of cryptocurrency exchange FTX, is expected to be released from federal custody on Wednesday after serving roughly 440 days of a two-year prison sentence, according to data from the U.S. Federal Bureau of Prisons. 

Ellison, 31, is expected to exit from a residential reentry management facility — commonly known as a halfway house — in New York, where she has been held in community confinement since late 2025. 

Her early release came approximately ten months ahead of her original projected term and reflects credit for cooperation with prosecutors and good conduct while… Read more on BitcoinMagazine