The Solana ecosystem witnessed a historic moment in crypto governance as stakeholders overwhelmingly participated in a crucial vote on inflation reform, ultimately rejecting the proposal despite its significant impact. The SIMD-228 proposal aimed to transition Solana’s inflation system from a fixed schedule to a dynamic, market-based model. However, it failed to secure the necessary 66.67%…
Russia is relying on crypto in its oil trade with China and India to navigate Western sanctions. While traditional currencies like the Chinese yuan and Indian rupee remain dominant, digital assets such as Bitcoin (BTC), Ethereum (ETH), and the stablecoin Tether (USDT) are being used to facilitate conversions into Russian roubles, sources told Reuters. Russia’s…
Key Takeaways Representative Byron Donalds plans to introduce legislation to codify Trump’s Bitcoin reserve executive order. Trump’s order allows the US Treasury to hold 200,000 Bitcoin and prohibits selling reserve Bitcoin. Share this article Byron Donalds, Florida governor candidate and strong Bitcoin advocate, is preparing to propose legislation that would enshrine President Donald Trump’s recent…
The Arkansas Cryptomining Association has filed a lawsuit against two state officials, accusing them of enforcing an unconstitutional regulation that prohibits foreign-born American citizens from participating in cryptocurrency mining. The case, which raises concerns over discrimination and economic rights, could have significant implications for the state’s crypto industry. The lawsuit, filed in an Arkansas district…
The U.S. Securities and Exchange Commission (SEC) is reportedly considering classifying XRP as a commodity rather than a security. This discussion is said to have emerged amid ongoing settlement negotiations between the agency and Ripple Labs, potentially signaling a shift in its regulatory stance. SEC Weighs XRP’s Commodity Status According to insiders cited by senior…
Brazil seems to favor blockchain for BRICS cross-border trade, moving away from talk of a joint currency. Brazil may be exploring blockchain to improve BRICS — which includes Russia, India, China, along with other members — trade transactions, with the topic potentially becoming a key focus during the country’s year-long presidency of the bloc, which…
Key Takeaways 3AC’s liquidators increased their bankruptcy claim against FTX to $1.53 billion. The court approved the expanded claim involving breach of contract and unjust enrichment. Share this article Three Arrows Capital’s (3AC) liquidators won approval to increase their bankruptcy claim against FTX from $120 million to $1.5 billion, according to a court filing shared…
MGX, an AI and advanced technology investor based out of Abu Dhabi, has invested a staggering $2 billion in Binance. In an announcement dated 12 March 2025, Binance said that this infusion of funds marks the first institutional investment that the company has received. Notably, this is the largest investment funding that any crypto company…
High-risk assets such as tech stocks and crypto have been selling off heavily over the past month or so as Donald Trump’s trade war escalates. However, this could all be part of a “short term pain” masterplan in a strategy that aims to lower inflation and refinance around $9 trillion of US debt by allowing…
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