Mainstream Precursors
The crypto and Web3 space continues to intersect with mainstream industries, signaling a robust future for blockchain. In a significant move, Elon Musk's X company has secured licenses in multiple U.S. states to process crypto payments, further legitimizing the asset class. Meanwhile, a U.S. court has categorized Bitcoin and Ethereum as commodities, providing a legal framework that could influence future regulations. On the investment front, Bitcoin saw a 5% jump following a favorable Grayscale ruling, and MoonPay has launched a venture arm to invest in Web3, gaming, and fintech startups.
