Category: crypto

MEXC has introduced TAO staking for its 40 million users through Yuma, providing exchange-based access to rewards from one of the largest decentralized artificial intelligence networks. Yuma will manage staking allocations across Bittensor, simplifying the staking process for users and increasing participation in the network through a centralized exchange.

The White House has accepted extensive ethics rules to address Democratic concerns over Trump’s crypto interests in the CLARITY Act. The agreement removes a key Senate obstacle, but Democratic support is still needed for passage. Bitcoin prices rose, but prediction markets show odds of passage below 50%. Senate negotiations continue.

Movement Labs has filed for Chapter 11 bankruptcy with up to $10 million in liabilities. The largest unsecured claim holder is Rushi Manche. Move Industries states that its operations are unaffected. Movement Labs previously raised substantial funding, but faced challenges after the MOVE token launch controversy. Move Industries continues to operate independently.

S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, an 18-token benchmark focused on revenue-generating digital assets for institutional investors. The index selects assets based on revenue, market size, and liquidity measures, with Ether, BNB, SOL, TRX, and HYPE as the top holdings.

Network School, led by Balaji Srinivasan, is expanding to Kazakhstan after facing regulatory issues in Malaysia. The new campus will offer expedited visas, streamlined redomiciliation, and recruitment of global talent. The move comes as Malaysian authorities revoked the business license of its Forest City operation. Kazakhstan offers a new base for the school as it…

Balance Coin (BLC), an algorithmic stablecoin meant to track the U.S. dollar, saw a 99% drop in value due to an exploit linked to 42DAO. Attackers minted unbacked BLC and exchanged them for USDT and BTCB, causing losses of $915,000. Similar unauthorized token creation attacks have affected other projects in the crypto industry.

Pakistan’s Federal Investigation Agency has established a specialized cryptocurrency investigation unit to combat money laundering and terrorism financing cases. The unit will work alongside the Pakistan Virtual Assets Regulatory Authority to oversee licensed digital assets. Officials are urging other agencies to create dedicated teams for criminal investigations involving cryptocurrencies.

TRM Labs reports that crypto exchange HTX has been rotating wallets across multiple chains to avoid sanctions screening since the UK imposed sanctions in May. HTX denies any wrongdoing, stating that the rotations are routine security operations. TRM suggests behavior-based monitoring to track HTX’s changing wallet infrastructure.

A U.S. House hearing focused on the Commodity Futures Trading Commission’s staffing and authority in regulation of prediction markets. Lawyer Carl Kennedy argued that the CFTC needs more resources due to the expanding prediction market sector. The debate also involves the CLARITY Act and legal battles between federal and state regulators.

HashKey Group, Kbank, and BPMG have signed an MOU to develop digital asset business models focusing on payments and settlement. They will explore the use of Korean won-backed stablecoins for cross-border payments and trade settlement. The partnership aims to design and test new financial systems, subject to regulatory approval.