In today's crypto news, cryptocurrencies will now be recognized as reserve assets for home loans in the US, a significant move towards mainstream acceptance. This announcement was made by William J. Pulte, director of the Federal Housing Finance Agency, stating that companies like Fannie Mae and Freddie Mac will include digital assets in their risk assessments, allowing borrowers to use cryptocurrencies without converting them to US dollars. Meanwhile, the German financial regulator BaFin and Ethena Labs reached an agreement on a 42-day redemption plan for USDe stablecoin holders, concluding regulatory disputes. USDe holders must declare claims by August 6, 2025, after which Ethena GmbH will wind up within the EU and EEA. Additionally, Polymarket is reportedly raising $200 million at a $1 billion valuation, led by Peter Thiel's Founders Fund, despite a ban on the platform in the US. The prediction market allowed for significant trading during the last US election cycle, involving various bets on outcomes including politics and sports.

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