Category: crypto

Texas has passed a bill allowing public funds to be invested in Bitcoin, following a trend of states exploring crypto investments. New Hampshire has also advanced similar legislation, while Utah is running out of time to finalize its proposal. President Trump has called for a national crypto reserve, sparking industry debate.

World (formerly Worldcoin) has introduced World Chat, a messaging tool within the World App that allows users to send messages and transact crypto. The chat function is linked to World ID and the World App wallet, enhancing communication and trust. Despite challenges with WLD token value, World continues to grow globally.

Former FTX CEO Sam Bankman-Fried appeared on Tucker Carlson’s podcast, denying that he sees himself as a criminal and expressing optimism for crypto under Trump. SBF discussed his prison experience, interactions with P. Diddy, political donations, criticism of Gary Gensler, and losing associates after FTX’s collapse. He praised Trump’s regulatory stance on crypto.

President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve and Digital Asset Stockpile, directing the government to retain forfeited crypto as a store of value. The Treasury Department will manage the reserves, with no plan to acquire more assets beyond seizures. The market reacted negatively to the lack of immediate accumulation strategy.

Solana co-founder Anatoly Yakovenko denied claims that Solana lobbied for inclusion in a proposed US government crypto reserve. He argued against government-controlled reserves, suggesting individual state management if necessary. Other industry figures, like Lee Bratcher and Brian Armstrong, also expressed skepticism about the proposal, preferring a Bitcoin-only reserve.

Japan’s ruling Liberal Democratic Party (LDP) has proposed lowering crypto tax rates to 20% from the current 55%. This initiative aims to redefine cryptocurrencies as a new asset class under the Financial Instruments and Exchange Act, promoting market development and protecting investors. The proposal has received positive feedback from the crypto community and could lead…

Bitwise has made its first institutional allocation through Maple Finance, allowing access to on-chain credit while complying with regulatory standards. This move reflects increasing demand for yield opportunities in digital assets among institutions. Bitwise sees tokenization and on-chain lending as efficient alternatives to traditional markets, with potential for wider adoption.

Safe published a preliminary report attributing the Bybit hack to a compromised developer laptop. Hackers exploited AWS tokens to access and modify Bybit’s wallet interface, resulting in a $1.5 billion Ethereum hack. The attackers used social engineering tactics and Kali Linux tools, with connections to a criminal collective tied to DPRK. Safe has implemented enhanced…

House Majority Whip Tom Emmer reintroduced legislation to prevent the federal government from issuing a central bank digital currency (CBDC), arguing it could threaten financial privacy and empower government overreach. The Anti-CBDC Surveillance State Act bans the Federal Reserve from developing a digital dollar and blocks the Treasury Department from directing its creation. 100 Republican…

Garantex, a sanctioned crypto exchange, has stopped operations after Tether froze $27 million worth of USDT on the platform. The exchange cited Tether’s decision as the reason for suspending crypto trading and withdrawals. Garantex warned that this could set a precedent for other Russian USDT holdings. US and EU authorities are investigating Garantex for allegedly…