Here’s what happened in crypto today

Today in crypto, Wyoming has selected Aptos and Sei for its state-backed stablecoin pilot program. TikTok has pushed back against allegations that it purchased hundreds of millions of dollars’ worth of President Donald Trump’s memecoin. Meanwhile, sentiment toward Bitcoin remains split as the broader crypto market continues to trade sideways.Wyoming stablecoin commission names Aptos highest-ranking blockchainThe Wyoming Stable Token Commission has shortlisted Aptos and Sei for its stablecoin pilot program, giving Aptos the highest score among the more than 10 blockchains considered for its forthcoming WYST project.Aptos disclosed Friday that it received the highest marks based on the commission’s network testing, scoring 32 points. Solana received an identical score of 32 points, though it was not selected for the pilot phase.Sei, meanwhile, scored 30 points, ahead of Avalanche (27), Ethereum (26), Base (25) and Algorand (21), among others.The network tests evaluated metrics such as transactions per second, fees and transaction finality, as reported by X user Phillip, who is associated with the Sei project.WYST is Wyoming’s state-backed stablecoin, pegged to the US dollar and developed in collaboration with LayerZero. News of its development emerged in 2023, several months after the Wyoming Stable Token Act was passed.Wyoming is launching a stablecoin to generate state revenue by earning interest on reserves held in short-duration US Treasury bonds. The initiative also aims to promote financial innovation and enhance transparency.In March, Wyoming Governor Mark Gordon teased that the new stablecoin could launch by July.TikTok denies TRUMP memecoin buys in reply to congressman’s accusationsChinese social media platform TikTok denied allegations that it has made purchases of US President Donald Trump’s official memecoin.The official TikTok Policy account took to X on Thursday to deny claims that its owners are buying the Official Trump (TRUMP) memecoin, responding to accusations by California Democratic Party Representative Brad Sherman.Sherman had claimed that the “Chinese owners of TikTok have announced they are buying ‘Trump Coins’ for $300 million.”“Congressman, claiming that the owners of TikTok are buying ‘Trump Coins’ is patently false and irresponsible and doesn’t even accurately reflect a letter you signed last month,” TikTok Policy said in response to the claims.Sherman’s remarks came amid the news that Trump had signed another executive order to delay the ban or sale of TikTok.The latest delay marked the third postponement, giving TikTok another 90 days to find a buyer or be banned in the US, according to online reports.Bitcoin sentiment split as crypto market trades sidewaysSentiment toward Bitcoin (BTC) is at a near-even split between those who are bullish and bearish, and attitudes toward the cryptocurrency are at a low last seen in April when Donald Trump’s global tariffs tanked global markets, according to Santiment.Santiment marketing director Brian Quinlivan said on Thursday a social media analysis found that “there are just 1.03 bullish comments for every 1 bearish comment, which hasn’t happened since peak FUD [fear, uncertainty and doubt] during initial tariff reactions on April 6.”He said, however, that it’s “typically a bullish sign” as markets “historically move in the opposite direction of retail’s expectations.”Meanwhile, a poll on X by crypto analyst Matthew Hyland on Thursday found a near-even split between those who think Bitcoin will surge to an all-time high above $114,000 or again drop to $94,000.Bitcoin has traded flat at around $104,500 over the past week, and was up just 0.2% over the last seven days as of early Friday.