A Chinese state-backed think tank, the International Monetary Institution (IMI), has highlighted Bitcoin as a strategic reserve asset and a potential hedge against the U.S. dollar, signaling a shift in its perception from a speculative asset to a more stable store of value. This development comes amid broader global interest in Bitcoin, with the United States forming a $20.4 billion Bitcoin reserve and Trump Media raising $2.5 billion to acquire Bitcoin. Additionally, Circle has filed for an initial public offering on the New York Stock Exchange, and the U.S. Securities and Exchange Commission (SEC) has clarified rules on crypto staking while moving to drop its case against Binance. Other notable industry updates include Pakistan announcing a Bitcoin Strategic Reserve, Russia permitting crypto offerings for investors, and Paris Saint-Germain (PSG) confirming a Bitcoin treasury strategy. Market conditions have shown volatility, with Bitcoin prices fluctuating around $104,000 to $108,000 and crypto majors experiencing declines of up to 7%, partly influenced by the reinstatement of tariffs. Furthermore, innovations in tokenization of real-world assets continue, including Dubai's real estate tokenization on the XRP Ledger and significant institutional interest in tokenized stocks and property. The crypto sector also saw a $223 million hack and regulatory developments such as the SEC's engagement with Kraken and the classification of memecoins as non-securities.