Crypto Weekly Roundup: SBF's Parents Seek Plea, KuCoin Exits US, & More

The Week's Crypto and Blockchain Highlights

• US State Legislatures Eye Bitcoin Reserves: Several states, including Illinois, Texas, and Indiana, have introduced bills to establish state-managed Bitcoin reserves, reflecting a growing trend in digital asset adoption.
• Europe Pushes for Central Bank Digital Currencies (CBDCs): Despite a recent shift in the US, Europe continues to explore CBDCs.
• Illinois Proposes State-Managed Bitcoin Reserve: The state joins a growing number considering Bitcoin-related legislation.
• DeFi Innovations Slowing Down: The pace of DeFi advancements has decelerated, prompting calls for innovative solutions like Sonex's all-in-one platform.
• Altcoins: Meme Coins and AI Projects Battle: The crypto landscape is shaping up as a clash between meme coins and AI-powered projects like Lightchain AI.
• Lightchain AI Presale Milestone and Analyst Prediction: The project has raised $14 million and is predicted to increase in value by 50x.
• Elon Musk's Father Joins Meme Coin Trend: Errol Musk announces involvement in "Musk It."
• Dogecoin (DOGE) Value Projections: Trader Tardigrade predicts a rise to $3.5 based on historical data; DTX Exchange mimics Ripple's price activity.
• Tesla Reports $600M Paper Gain on Digital Assets: The company leverages a new accounting rule to adjust asset values.
• Bitwise Files for Dogecoin ETF: The crypto asset manager seeks SEC approval for a DOGE exchange-traded fund.
• KuCoin Settles Unlicensed Money Transmission Charges: The exchange agrees to pay $300 million.
• Grayscale Files for XRP ETF on NYSE: The company aims to convert its XRP Trust into a spot ETF.
• Coinbase Expands to Argentina: The exchange receives regulatory approval, focusing on security and financial inclusion.
• US Senate Confirms Trump's Pro-Crypto Treasury Secretary: Scott Bessent is confirmed in a bipartisan move.