Today in crypto, the European Union is reportedly exploring the use of Ethereum and Solana for its digital euro central bank digital currency (CBDC). This development indicates the ECB's interest in utilizing public blockchains rather than private ones, as reported by the Financial Times. Meanwhile, new data reveals that 13 wallets profited over $1 million each from trading the Kanye West-linked YZY token, which spiked 1,400% within an hour of its launch before experiencing a dramatic decline. State Street has also joined JPMorgan’s tokenized debt platform, becoming the first custodian to facilitate trading and settlement of blockchain-based securities. This platform, called Digital Debt Service, marks a significant step in mainstream acceptance of digital assets, especially as institutional adoption of blockchain technology appears to be accelerating in 2025, spurred by favorable regulations in the U.S. and the recent approval of the GENIUS Stablecoin Act.

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