Google’s Blockchain Backlash 😬

What we’ll cover today:

💹 SEC’s comment period on Injective’s staked ETF

💻 Google’s “permissioned blockchain” drama

🧩 Trump Jr. joins Polymarket’s advisory board

SEC Eyes Injective ETF 👀

The U.S. SEC and Canary Capital are in the spotlight as a new Injective token ETF with staking rewards gets reviewed.

🚨 Breaking News:
The SEC opened a 21-day comment period on Canary’s proposed staked Injective ETF, which could trade on the Cboe BZX Exchange.

⚡Wire Simplified

• Canary Capital wants to launch a staked Injective ETF.

• It would track INJ token + staking rewards.

• SEC has 90 days to decide on approval.

• Follows approval of the first Solana staking ETF.

• Momentum rising as regulators warm up to staking ETFs.

✔️ Straight to the Point
Staking ETFs are heating up in the U.S., and Injective could be next. If approved, it may set off bigger staking products.

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Google’s Blockchain Backlash 😬

Google Cloud introduced a private blockchain, GCUL, but crypto fans aren’t thrilled. They say it’s “blockchain without the block.”

🚨 Breaking News:
Google launched a permissioned Layer1 chain for payments, sparking criticism for being centralized and missing crypto’s decentralization spirit.

⚡Wire Simplified

• GCUL = Google Cloud’s new private blockchain.

• Promises instant, cheap cross-border payments.

• Runs on permissioned, centralized model (ouch).

• Plans to support Python-based smart contracts.

• Crypto community says: “That’s not real blockchain.”

✔️ Straight to the Point
Google wants a blockchain but not the crypto values. This may work for banks, but don’t expect Web3 purists to clap.

Trump Jr. Joins Polymarket 🧩

Polymarket, the prediction platform, just brought Donald Trump Jr. onto its advisory board as it eyes a big U.S. comeback.

🚨 Breaking News:
Trump Jr. joined Polymarket’s advisory board after an investment from 1789 Capital, pushing for the platform’s U.S. re-entry.

⚡Wire Simplified

• Polymarket banned in U.S. in 2022 after CFTC charges.

• Just got investments from 1789 Capital.

• Trump Jr. added as advisor to guide U.S. strategy.

• Regulators closed old investigations recently.

• Goal: return access to U.S. traders.

✔️ Straight to the Point
Polymarket wants to reopen shop in the U.S., and Trump Jr. is their new ticket. But regulators might still have the final say.