A cohort of non-fungible token holders has filed a class-action lawsuit against Nike over the abrupt shutdown of its RTFKT platform. According to a filing with the U.S. District Court for the Eastern District of New York, the plaintiffs claim…

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The Stacks Asia DLT Foundation has become the first Bitcoin-based organization 
to establish an official presence in the Middle East, aiming to promote 
institutional Bitcoin adoption through expanded educational initiatives.
Stacks Asia has partnered with the Abu Dhabi Global Market (ADGM) &#8212; one of 
the world&#8217;s fastest-growing financial centers &#8212; in a move that could boost 
the adoption of its Bitcoin (BTC) layer-2 (L2) solution in the Middle East and 
Asia.
The new partnership will play a &#8220;pivotal role&#8221; in shaping the future of 
Bitcoin&#8217;s &#8220;programmability and adoption&#8221; in these regions through educational 
programs and support for Bitcoin builders, according to an April 28 
announcement shared with Cointelegraph.
Through the collaboration, Stacks and the ADGM aim to make it easier for 
institutions and investors to participate in the growing Bitcoin economy and 
help set &#8220;new standards for regulatory clarity and technical growth&#8221; for the 
rising global Bitcoin capital, according to Kyle Ellicott, executive director 
at Stacks Asia DLT Foundation.
_Stacks Asia DLT partners with ADGM. Source: Stacks Asia DLT Foundation_
 _**Related:**__**Crypto options desk QCP Capital wins Abu Dhabi license: 
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&#8220;Stacks and ADGM are a powerful combination for accelerating Bitcoin adoption 
across the Middle East and Asia,&#8221; Ellicott told Cointelegraph, adding:
&gt; &#8220;ADGM has established itself as a world-class global financial hub at the 
&gt; heart of the United Arab Emirates, known as the &#8216;Capitol of Capital,&#8217; where 
&gt; capital and innovation are brought together to shape the future financial 
&gt; landscape.&#8221;
&#8220;We&#8217;ll be working to enable the launch of educational programs, regional 
developer communities, and create opportunities for the real-world adoption of 
Bitcoin-powered applications,&#8221; he said.
Starting in May, the foundation will host a series of live and virtual events 
to &#8220;empower institutions&#8221; with the knowledge to integrate Bitcoin into their 
operations and learn about the &#8220;opportunity of productive Bitcoin capital,&#8221; 
Ellicott added.
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## Stacks Foundation pushing for a &#8220;progressive&#8221; regulatory environment 
worldwide
As the leading Bitcoin scalability solution, Stacks is also pushing for 
progressive global regulations that will cement Bitcoin&#8217;s role in the future 
of the financial landscape.
&#8220;We&#8217;re not just focused locally &#8212; our team is engaged in global 
conversations, advocating for frameworks that balance decentralization, 
security, innovation, and compliance surrounding the unlocking of Bitcoin 
capital,&#8221; Ellicott said.
A key part of the strategy involves knowledge sharing with local regulatory 
bodies to build understanding among government officials about Bitcoin&#8217;s 
characteristics and potential economic impact.
The foundation is also developing the Bitcoin Capital Activation Framework, 
described as a comprehensive policy blueprint to help regulators enable 
Bitcoin utility in their jurisdictions.
The Stacks Foundation will also launch the Bitcoin Policy Bridge in May, a 
working group uniting regulators from all key jurisdictions across the Middle 
East and Asia.
In February, ADGM signed a memorandum of understanding with the Solana 
Foundation to advance the development of distributed ledger technology.
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Stacks Asia expands Bitcoin initiatives with Abu Dhabi partnership

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DeepBook Protocol (DEEP) price is up over 35% in the past 24 hours, currently 
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Democratic Senator Jon Ossoff has called for President Donald Trump’s 
impeachment, raising concerns over a planned private dinner for top Trump 
memecoin holders. Speaking at a town hall near Atlanta on Friday, Ossoff said 
Trump’s decision to offer exclusive access…