Trump's Crypto Orders Spark Debate; BoJ Hikes Rates; SEC's SOL ETF Decision Looms

Former U.S. President Donald Trump has signed executive orders (EOs) related to cryptocurrencies, while the Bank of Japan (BoJ) has announced a rate hike. Today, the U.S. Securities and Exchange Commission (SEC) is expected to make a decision on a Solana (SOL) exchange-traded fund (ETF).

Trump's EOs, which include the establishment of a national crypto stockpile and a ban on central bank digital currencies (CBDCs), have sparked debate in the crypto community. The former president's actions come as the U.S. aims to become the "world crypto capital." Meanwhile, the BoJ's rate hike is part of a broader effort to combat inflation and stabilize the Japanese economy.

The SEC's decision on the SOL ETF is highly anticipated, as it could pave the way for increased institutional investment in the Solana ecosystem. The stablecoin supply on the Solana network has already surpassed $10 billion, indicating growing interest in the platform.

In other news, Semler Scientific plans to raise $75 million to purchase Bitcoin (BTC), while RUNE, the native token of the THORChain network, has fallen by 30% amid allegations of insolvency. Binance Labs has rebranded and is expanding into the artificial intelligence (AI) sector, with CEO Changpeng Zhao (CZ) returning to the helm.

Vitalik Buterin, co-founder of Ethereum, has warned against political memecoins, citing their potential for manipulation and lack of intrinsic value. Meanwhile, Morgan Stanley and Fathom have adopted crypto-related strategies, indicating a growing acceptance of digital assets by traditional financial institutions.