Category: crypto

Wisconsin lawmakers introduced Assembly Bill 471 to exempt crypto mining, staking, and non-fiat digital asset transactions from money transmitter licenses. The bill aims to fast-track innovation, reduce regulatory uncertainty, and support blockchain-based services. It must pass through committees and chambers before reaching the governor for final approval. Wisconsin has shown openness to digital asset innovation…

TokenWorks’ NFT Strategy tokens have been listed on OpenSea, allowing traders to combine DeFi with NFTs. The tokens, like Punk Strategy, offer automated trading strategies for specific NFT collections. OpenSea has added a rewards pool for select tokens, with Punk Strategy already generating a market cap of $87.2 million since its launch.

BitMine is aggressively increasing its ETH holdings with a recent purchase of 25,369 ETH worth $127 million, aiming to control up to 5% of Ethereum’s circulating supply. BitDigital is also expanding its ETH reserve with a $100 million convertible note offering, signaling growing institutional competition in ETH treasuries.

The SEC has cleared DoubleZero’s DePIN tokens, confirming they are not subject to U.S. securities laws. The tokens are used to incentivize network participation and reward contributors for physical infrastructure. The decision is seen as a win for innovation in decentralized networks, with Commissioner Peirce highlighting the distinction from traditional securities.

XRP attracted inflows of $93 million in digital asset investment products, standing out amid a trend of outflows in the crypto market last week. The anticipation around upcoming ETF approvals, particularly for XRP, has led to increased investor interest. The SEC’s approval of generic listing rules for ETPs offering spot exposure to commodities and digital…

FalconX has introduced a new over-the-counter options trading platform for institutional investors, offering 24/7 availability for Bitcoin, Ethereum, Solana, and Hyperliquid. This move comes in response to the increasing demand for crypto investment opportunities, with the platform aiming to provide better liquidity and access to options for various cryptocurrencies.

The IPO wave in crypto is bringing opportunities and risks as Wall Street exposure increases. Firms like Circle, Tether, and Kraken are seeing investor interest, but experts warn about potential centralization risks. Stablecoins are becoming a core part of financial infrastructure, with the industry facing increased regulatory scrutiny.

Coinbase CEO Brian Armstrong accuses banks of trying to block stablecoin rewards to protect their monopoly. He is lobbying for the Market Structure Act in the U.S. Senate to clarify crypto rules and extend investor protections. Banks fear that stablecoin rewards could lead to a capital flight and threaten their ability to lend.

The price of ZIGChain’s native token surged by more than 22% to reach highs of $0.11 following an announcement by BTCS, a Europe-based firm, of a $100 million raise and a $30 million allocation to its ZIG digital asset treasury strategy. This move reflects a broader trend towards productive digital asset treasuries.

Hyperdrive on the Hyperliquid blockchain faced a $700K exploit on Sept. 27, traced to router contract permissions. Affected users were reimbursed, markets restored. Money laundered through ETH and BNB Chain, fixed within hours. Ongoing investigation into a known threat actor. Hyperdrive remains focused on long-term strategies despite security risks in the ecosystem.