[Midnight News Brief] Fannie Mae Allows Bitcoin Collateral for Mortgage Loans Outside

DeFi.app completes $4 million funding round

According to The Block, DeFi trading platform DeFi.app has completed a $4 million funding round. The round was led by Mechanism Capital, with participation from DCF Capital Partners, Coinbase former CTO Balaji Srinivasan, Comfy Capital, George Ball Group, and others.

Fannie Mae to allow Bitcoin-backed home loans

@pete_rizzo reports that Fannie Mae has announced for the first time that it will accept Bitcoin as collateral for home loans. This move means Bitcoin can be used in the mortgage process, potentially connecting large-scale traditional finance markets with Bitcoin.

U.S. Bitcoin spot ETF sees inflow of funds

As of the 25th, the U.S. Bitcoin spot ETF recorded a net inflow of $7.8069 million. Fidelity’s FBTC leads, with total net assets reaching $91.628 billion.

U.S. Ethereum spot ETF sees outflow of funds

The U.S. Ethereum spot ETF has experienced six consecutive days of outflows. On the 25th, a total of $8.5074 million flowed out, accounting for 4.78% of Ethereum’s total market cap.

Iran plans to impose Strait of Hormuz transit fee

Iran is pushing to impose a transit fee for the Strait of Hormuz. The bill aims to increase national revenue and may impact international shipping and energy markets.

U.S. lawmaker proposes ban on prediction market trading

U.S. Senator Cynthia Lummis has introduced the “PREDICT Act,” aiming to ban prediction market trading by the president and high-level officials. The goal is to prevent conflicts of interest and insider trading.

Ukraine expands attacks on Russian oil export hubs

Ukraine has intensified attacks on Russia’s Ust-Luga oil port, causing increased volatility in international oil prices and markets.

Chinese Bitcoin call options trading surges

According to options analysis platform Greeks.live, Bitcoin call options trading volume has surged to about $850 million. Analysts believe tensions in the Middle East and impacts from the U.S. stock market have increased volatility.

Bitwise gives positive outlook on Circle

Amid regulatory uncertainties causing Circle’s stock price to fall, Bitwise has expressed a positive view of Circle’s long-term value, estimating its enterprise value could reach around $75 billion by 2030.

U.S. senator pushes for digital asset market structure bill

Senator Cynthia Lummis states she is accelerating efforts to pass legislation related to the structure of Bitcoin and digital asset markets. She emphasizes the importance of the bill’s progress for the future of U.S. finance.