Crypto market up, PPI day pumps alts, SOL shines. ETH ETFs rise post streak. Metaplanet raises $1.4b, KindlyMD $30m, Sharplink 1m. Ethena eyes HYPE, CBOE plans futures with BTC, ETH. Dems seek SEC/CFTC support, Gemini to IPO, Vietnam permits crypto trading.

Cryptocurrency markets are showing mixed trends in anticipation of the Producer Price Index (PPI) report, with SOL exhibiting strong performance. Ethereum exchange-traded funds (ETFs) have witnessed an influx of funds following a six-day period of outflows. Metaplanet has increased its discounted fundraising to $1.4 billion, with KindlyMD committing $30 million to the equity raise. Sharplink has initiated a buyback of 1 million shares. Ethena has entered the competition for the creation of the HYPE stablecoin, but Native Markets is currently favored to win this race. The Chicago Board Options Exchange (CBOE) is in the planning stages for perpetual-style futures contracts involving Bitcoin (BTC) and Ethereum (ETH). Democratic legislators are vying for positions within the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to advocate for a crypto-friendly bill. The CFTC is exploring the possibility of recognizing foreign cryptocurrency platforms. Gemini is set to go public this week, while Robinhood is preparing to introduce copy trading services. Grayscale has submitted filings for vehicles involving HBAR, LTC, and BCH. Binance and SGB are collaborating to offer direct USD transfers for retail investors. Vietnam has approved a five-year pilot program for trading cryptocurrencies.