The Daily: Trump's Truth Social files for 'Crypto Blue Chip' ETF, Dubai approves tokenized money market fund in RWA push, and more

Happy Tuesday! While many hodlers still dream of that elusive "altseason" this cycle, with crypto stocks and treasury companies popping off left and right, maybe it's more like "suitseason" this time around?

In today's newsletter, Trump's Truth Social files for a "Crypto Blue Chip" ETF, Dubai approves its first tokenized money market fund, Robinhood engages with EU regulators amid backlash over its tokenized equities, and more.

Meanwhile, Benchmark sees 150% upside for Semler Scientific amid its Bitcoin accumulation play, as Mizuho goes bearish on Circle, citing overstated $USDC growth.

Let's get started.

Truth Social, the social media arm of Trump Media & Technology Group, filed an S-1 registration statement with the SEC to launch a "Crypto Blue Chip" ETF tracking $BTC, $ETH, $SOL, $XRP, and CRO.

Dubai's Financial Services Authority has approved the QCD Money Market Fund as the first tokenized money market fund within the Dubai International Financial Centre.

Robinhood is engaging European regulators after backlash over its blockchain-based "stock tokens" offering exposure to OpenAI and SpaceX.

Crypto-related stocks in Hong Kong rallied Tuesday amid growing optimism about the city's upcoming stablecoin licensing framework set to start on Aug. 1.

Vertex will shut down its Arbitrum-based DEX, sunset its VRTX token, and relaunch exclusively on the Kraken-incubated Layer 2 Ink, aiming to stay competitive in the perp trading space.

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