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Coinbase has launched Coinbase Wrapped Bitcoin (cbBTC), an ERC-20 token backed 1:1 by Bitcoin (BTC). This initiative aims to onboard millions of Bitcoin holders into decentralized finance (DeFi) applications. cbBTC will enable users to access DeFi on both Ethereum and the Base blockchain.

Nigeria is experiencing a significant shift towards crypto dollarization. The market capitalization of stablecoins has risen to $170 million, despite a recent slight dip. A survey by Castle Island Ventures, Artemis, Visa, and Brevan Howard Digital examined stablecoin usage in emerging markets.

Grayscale's launch of the Sui Trust has driven SUI's price to a 2-month high. The coin's value has jumped nearly 20% since the announcement, making it the top-performing crypto asset in the last 24 hours. SUI's price rally is supported by a significant trading volume, surpassing $516 million.

The UK Parliament has introduced the Property Bill to officially recognize digital assets as personal property. This legislation classifies Bitcoin, cryptocurrencies, NFTs, and carbon credits as personal property for the first time in British law. The bill aims to fill a legal gap.

HTX has partnered with IBEX to promote Bitcoin and Lightning Network applications globally. The collaboration focuses on deep integration of Lightning Network technology to improve payment efficiency. The partnership aims to reduce transaction costs on the HTX platform for users.

Brazil is urging the EU to postpone its deforestation law, effective end of 2024. The law could potentially cost Brazil up to $15 billion in exports, affecting nearly one-third of its trade with the EU. Brazil is seeking revisions to the law to mitigate its negative impact on Brazilian exports.

Australia is considering a new law to combat social media disinformation. The proposed legislation would hold tech giants like X and Meta accountable for spreading fake news. If passed, the law would allow the government to impose penalties and demand records from these companies.