Category: crypto
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Sen. Tillis says Clarity Act stablecoin yield text unlikely this week
The release of the revised stablecoin yield language in the Clarity Act has been delayed, creating uncertainty around the bill’s divisive provisions. Lawmakers are waiting for clarity on the timing of the Senate Banking Committee’s upcoming markup before proceeding. The draft language restricts rewards on idle balances but allows yield tied to transaction activity.
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Global finance leaders flag serious concerns about Mythos AI model
Finance leaders are concerned about Anthropic’s Mythos AI model exposing weaknesses in global financial systems. Testing revealed vulnerabilities in operating systems and applications, prompting early access for banks and government agencies to strengthen defenses. Officials warn of cybersecurity risks, emphasizing the need for safeguards to ensure financial system resiliency.
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NFT platform Foundation shuts down after failed rescue deal with Blackdove
Foundation, a well-known Ethereum-based digital art marketplace, has permanently closed after a planned acquisition by Blackdove fell through. Users will have a brief window to delist their assets. This closure reflects the struggles in the NFT sector, with many marketplaces shutting down due to declining trading volumes. OpenSea remains the dominant platform.
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Flare eyes protocol-level MEV capture and 40% FLR inflation cut
Flare’s proposal, FIP.16, aims to capture MEV at the protocol layer, reduce FLR inflation to 3%, and direct new revenues through FIRE for buybacks and token burns. This plan includes a governance overhaul to improve token value and network sustainability while reducing inflation and increasing token burns.
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Circle quietly wires USDC into crypto’s new settlement spine
Circle has introduced a new USDC Bridge that aims to streamline cross-chain transfers for on-chain dollars. The bridge, operated by Circle, eliminates the need for multiple bridges by providing a single bank-style ledger experience. This technology is part of Circle’s Cross-Chain Transfer Protocol and has already facilitated over $20 billion in monthly cross-chain settlements. With…
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France’s Lescure backs euro stablecoins as Qivalis readies 2026 launch
France’s finance minister supports the launch of bank-issued euro stablecoins by the Qivalis alliance in 2026 to keep Europe’s digital payment rails in euros rather than dollars. This marks a shift in policy and aims to reduce reliance on dollar-pegged tokens, promoting European digital sovereignty and combating “digital dollarization” in payments and DeFi.
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Payward’s $550M Bitnomial deal aims to lock up U.S. crypto derivatives plumbing
Payward, the parent company of Kraken, plans to acquire Bitnomial for up to $550 million to expand into U.S. regulated futures and options. Bitnomial holds all three key U.S. derivatives licenses. This acquisition follows Deutsche Börse’s $200 million investment in Payward, valuing Kraken at $13.3 billion. Regulatory approvals are pending.
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SEC’s new podcast signals softer crypto tone under Atkins, Peirce and Uyeda
SEC Chair Paul Atkins has launched the podcast “Material Matters” with Commissioners Hester Peirce and Mark Uyeda to promote a more pro-innovation stance on crypto and clearer rulemaking. The podcast aims to spotlight a shift towards engagement-driven rules and away from heavy-handed enforcement under Gensler’s leadership.
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NEA explores use of artificial intelligence in nuclear regulation
The NEA workshop explored real-world AI applications in nuclear regulation, focusing on structured frameworks, human oversight, and on-premise models to address cybersecurity concerns. Discussions emphasized practical deployment, with regulators sharing experiences and identifying common challenges. Collaboration across jurisdictions was highlighted as key to responsibly and efficiently using AI to improve nuclear safety.
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Bank of AI and PKUBlockchain sketch Web4.0 rails on Tron and USDT
Bank of AI and PKUBlockchain argue that AI agents in Web4.0 need specific payment, identity, and tooling protocols. They propose x402, ERC‑8004, and MCP as solutions, with Tron and USDT as the default settlement rail. The report predicts significant assets and commercial flows managed by AI agents by 2030.