Hey there!
It’s been another relatively quiet week in the crypto market, with not much drama unfolding. But that doesn’t mean there wasn’t any news. Let’s recap some of the highlights in this digest.
quick weekly news
US regulators clarify rules for spot crypto trading
First off, U.S. crypto adoption continues to advance. This week, the SEC and CFTC issued a joint statement on spot crypto trading regulations.
In it, the agencies clarified that existing laws do not prevent regulated U.S. or foreign exchanges, such as national securities exchanges (NSEs), designated contract markets (DCMs), and foreign boards of trade (FBOTs), from listing spot crypto products, as well as offering leverage and margin features. This marks a major policy shift, considering that in 2023 the SEC filed a massive lawsuit against Binance, accusing it, among other things, of offering unregistered securities.
The regulators also expressed their willingness to review exchange filings, address custody and clearing concerns, and ensure that new spot markets meet standards for transparency, surveillance, and investor protection. Exchanges were invited to contact the SEC or CFTC with proposals and questions:
“Today, the Divisions provide their view that DCMs, FBOTs, and NSEs are not prohibited from facilitating the trading of certain spot crypto asset products. Market participants are invited to engage with SEC staff or CFTC staff, as needed.”
World Liberty burns 47M tokens in bid to pump price as slide continues
Talking about U.S. crypto news, it’s worth mentioning the Trump-backed company World Liberty Financial. This week, the company finally announced the launch and trading of its native $WLF token, a highly anticipated event within the crypto community and one of the most-watched assets in pre-market trading.
The token went live at approximately $0.24 per token, giving it a ~$20B FDV and ~$5B market capitalization. However, this is nearly 50% lower than its pre-market price on Hyperliquid just days before launch, marking it as a disappointing debut.
Source: Hyperliquid
To calm market fears and stabilize the price, World Liberty Financial conducted a burn of 47M $WLF. Still, the move doesn’t seem to have reassured the community. Currently, $WLF is trading around $0.18, with a market capitalization ranking 31st overall.
Ukraine’s parliament backs crypto legalization, taxation bill in first reading
However, crypto adoption was spotted not only in the U.S., but in Ukraine as well. This Wednesday, Ukraine’s parliament, the Verkhovna Rada, passed a crypto regulation bill to legalize and tax cryptocurrency. The news was reported by Yaroslav Zhelezniak, a member of parliament, lawmaker, and initiator of the bill.
According to the bill, profits from crypto will be subject to an 18% income tax and a 5% military tax. However, profits earned before and within one year after the law takes effect will be taxed at a discounted rate of just 5% income tax plus 5% military tax. This preferential rate is intended to incentivize users to legally register their gains before it’s too late. Profitability will be calculated based on crypto-to-fiat conversions.
Still, Yaroslav noted that the bill isn’t final, as this was only the first reading, and it will definitely be revised before final approval:
“I don’t see much point in going into detail now, there will be many changes before the second reading. It is still unknown who the regulator will be (NBU or the National Securities and Stock Market Commission).”
Interestingly, shortly after the announcement, Chainalysis released an infographic on global crypto adoption in 2025, placing Ukraine in 8th place worldwide.
DIY retirement savers in Australia trim crypto nest eggs by 4%
Meanwhile, in Australia, crypto adoption seems to have slowed slightly. The Australian Tax Office reported that retirement funds in the country hold 4% less crypto than they did the previous year. The data shows that in June 2024, the total value of crypto holdings by these funds was approximately 3.12B Australian dollars, while in June 2025, the figure dropped to 3.02B AUD ($1.97B USD), a decline of about 4%.
It is also likely that the funds’ crypto exposure is concentrated in popular assets such as $BTC and $ETH. Considering these tokens appreciated by 20–50% during the same period, a 4% decline in portfolio value suggests that funds significantly trimmed their crypto holdings.
However, June 2025’s crypto holdings were still about 41% higher compared to June 2023, according to Coinstash’s head of SMSF strategy, Simon Ho, as reported by CoinTelegraph. This indicates that while funds may have taken profits, they still believe in the long-term upside potential of crypto.
Simon also noted that the June 2025 data isn’t fully reflective of actual holdings, since it is based on tax return filings as of June 30, 2025, which are not due until May 2026. Therefore, the numbers could rise as the filing deadline approaches
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top crypto meme of the week
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