Publicly Traded Solana Treasury Firm Is ‘Showing What’s Next’ for Strategy’s Bitcoin Model
[ad_1] In brief Solana treasury company DeFi Development Corp. is taking a different approach from other crypto treasury companies. The firm is embedding itself within the Solana ecosystem, ensuring it doesn’t need to rely on capital markets to acquire SOL. It aims to bridge the gap between traditional finance and on-chain ecosystems, said Investor Relations […]
‘Global Response’ to Crypto Regulation Needed as US Advances GENIUS Act: FCA
[ad_1] In brief U.K. Financial Conduct Authority official Jane Moore warned that a “global response” to crypto regulation is essential. Lord Chris Holmes argued that “right-size regulation” benefits innovation and investment, stating that only “grifters and chancers” want a regulatory-free environment. European officials expressed concern about U.S. dollar-based stablecoins potentially dominating retail payments in Europe, […]
‘Pro-Israel Hacker Group’ Drains, Burns $90 Million From Iranian Bitcoin Exchange
[ad_1] In brief Hackers stole over $85 million from Iranian exchange Nobitex, using politically charged wallet names and exploiting access controls. The group claiming responsibility, Predatory Sparrow, called Nobitex a tool of the Iranian regime and threatened to leak internal data within 24 hours. Nobitex suspended access, confirmed cold wallets are safe, and pledged to […]
Next-Gen Xbox Preview: Everything You Need to Know About the Console and Crypto Plans
[ad_1] In brief Microsoft is working on a next-generation Xbox console that’s expected to launch in 2027 or 2028. The company accidentally shared early details when confidential documents were shared to a public server. The documents mention plans for a crypto wallet integration on the Xbox platform. It’s been over four years since the release […]
Senate Passes Landmark Stablecoin Bill in Major Boon for Crypto Industry
[ad_1] In brief The Senate passed the GENIUS Act, its first major piece of crypto legislation Tuesday. The bill establishes a framework for issuing and trading stablecoins, cryptocurrencies usually pegged to the U.S. dollar. The GENIUS Act still needs to be passed by the House, which may not move immediately to vote on the legislation. […]
Thailand Exempts Crypto Capital Gains to Boost Global Hub Ambitions
[ad_1] In brief Thailand will waive capital gains taxes on crypto sales through licensed platforms from 2025 to 2029. The move is part of a broader push to position the country as a global digital asset hub. Experts say Thailand’s crypto holdings could surge, but platform access restrictions may limit foreign participation. Thailand has eliminated […]
Gemini Files Complaint Against CFTC, Alleges 7-Year ‘Lawfare’ Campaign
[ad_1] In brief Gemini has accused the CFTC of waging a seven-year “lawfare” campaign driven by career ambitions, not consumer protection. The complaint claims CFTC lawyers relied on false whistleblower claims from a former employee later found to have committed fraud. Gemini argues no market harm occurred and criticizes the agency’s continued pursuit despite evidence […]
Meta is Attempting to Poach OpenAI Staff With $100M Signing Bonuses: Sam Altman
[ad_1] In brief Altman says Meta is offering $100 million signing bonuses, plus substantial annual compensation, to attract AI researchers. OpenAI employees opt to remain despite significant financial incentives. The AI industry’s compensation reaches new heights as companies compete for talent. Multinational tech giant Meta is offering OpenAI employees signing bonuses of up to $100 […]
Elon Musk’s xAI Seeks $4.3 Billion in Fresh Funding: Bloomberg
[ad_1] In brief xAI is seeking $4.3 billion in new equity funding, according to Bloomberg, adding to a previously announced $5 billion debt plan. The funding will support AI infrastructure, including a 200,000-GPU supercomputer called “Colossus.” Musk’s xAI recently acquired the social platform X and has reportedly spent most of its prior $14 billion haul. […]
China’s JD Eyes Global Stablecoin Licenses to Slash Payment Costs
[ad_1] In brief JD.com is planning to apply for stablecoin licenses in major economies. It will initially focus on using them for B2B payments before expanding to consumers. It is part of a broader push by the company to recover from “five lost years” lacking in growth and innovation. JD.com plans to apply for stablecoin […]
