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Search results for "ACT"
19:11

Canada announced its stablecoin regulatory plan for 2025

According to ChainCatcher news and reported by Cointelegraph, the Canadian government has officially announced a regulatory plan for stablecoins in its 2025 federal budget, following the regulatory direction of the US GENIUS Act. According to the plan, stablecoin issuers must maintain sufficient reserves and establish a sound risk management system.
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03:00

NEAR (NEAR Protocol) fell 2.13% in the last 24 hours.

Gate News Bot news, on November 3rd, according to CoinMarketCap, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.12, down 2.13% in the last 24 hours, with a high of $2.41 and a low of $2.04. The current market capitalization is approximately $2.709 billion, a decrease of about $59.0524 million compared to yesterday. NEAR Protocol is a modular high-speed protocol designed for AI, aimed at allowing AI to act, trade, coordinate, and develop on behalf of users. NEAR not only provides computing power but also serves as a backend for handling identity, trust, and data, while AI interacts with users and executes intents as the frontend. NEAR's dynamic sharding system achieves global-scale performance and finality within 600 milliseconds, specifically designed for low latency, parallel execution, and supporting thousands of concurrent users.
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NEAR2.35%
08:24

PIPPIN (pippin) 24-hour pump 104.19%

Gate News Bot news, on October 31, according to CoinMarketCap data, PIPPIN (pippin) is currently priced at $0.04, which is a rise of 104.19% in the last 24 hours, reaching a high of $0.05 and a low of $0.02. The current market capitalization is approximately $37.6 million, an increase of $1.92 million from yesterday. Pippin is a platform dedicated to creating gentle miracles and invisible connections, emphasizing that every small act of kindness can make the world more harmonious. The project has built its own technical framework based on BabyAGI experience and features the Pippin unicorn as its iconic image. The PIPPIN token powers its community, and the project also includes a dedicated store and a developer Discord community. Important news about PIPPIN recently: 1️⃣
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PIPPIN-3.42%
07:34

zCloak Network launched an AI-Human Collaborative Multi-signature Wallet based on the x402 protocol, achieving breakthroughs in on-chain payments for intelligent agents.

Odaily News zCloak Network today announced that the multi-signature wallet system supporting the x402 protocol has officially launched. This system innovatively achieves seamless collaboration between AI agents and humans in on-chain asset operations, marking a milestone where AI can participate as a signatory in the asset transfer of the x402 protocol in real environments. In the zCloak.Money multi-signature platform, AI agents can act as independent signatories and autonomously initiate USDC payment requests based on the x402 protocol. After completing signatures that comply with the EIP-3009 specification on the server side, the related transactions will be pushed to the pending list of human collaborators with the identifier "x402". After manual review and completing the secondary signature, the payment process is completed. In the future, AI
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USDC-0.02%
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07:39

NEAR (NEAR Protocol) 24-hour pump 0.77%

Gate News Bot reported that on October 30, according to CoinMarketCap, NEAR (NEAR Protocol) is currently priced at 2.26 USD, rising 0.77% in the last 24 hours, with a high of 2.41 USD and a low of 2.19 USD. The 24-hour volume reached 228 million USD. The current market capitalization is approximately 2.893 billion USD, an increase of 22.21 million USD compared to yesterday. NEAR is a modular high-speed protocol designed for AI, aimed at enabling AI to act, trade, coordinate, and develop on behalf of users. NEAR is not only an infrastructure but also the foundation of a new type of internet, where AI serves users. The NEAR protocol offers global-scale performance through a dynamic sharding system, with final confirmation times of less than 600 milliseconds, specifically designed for low latency, parallel execution, and thousands.
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NEAR2.35%
06:33

Institution: The limited time for communication with the government is the reason why the Bank of Japan is finding it difficult to act in this meeting.

On October 30, Jin10 reported that KAZUTAKA MAEDA, an economist at Meiji Yasuda Research Institute, stated that due to limited communication time with Japanese Prime Minister Sanae Takaichi, the Bank of Japan is certainly unlikely to make any policy adjustments this time. On the other hand, although Takaichi seems to oppose interest rate hikes, she is not absolutely against them. If communication between the Bank of Japan and Takaichi progresses smoothly, there is still a possibility of raising interest rates in December. Additionally, recent comments from U.S. Treasury Secretary Yellen regarding the Bank of Japan may also provide support for an interest rate hike.
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05:52

Trump once again pointed the finger at Powell, demanding the Fed to cut interest rates.

Former President Trump criticized Fed Chairman Powell for being slow to act on interest rate cuts, arguing that the Fed's rate hikes due to concerns about future inflation could harm the economy. He expects the U.S. economy to achieve a 4% rise by 2026, although economists are cautious about its outlook. This reflects the tense relationship between Trump and the Fed.
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01:32

NEAR (NEAR Protocol) fell 2.44% in the last 24 hours.

Gate News Bot news, on October 23, according to CoinMarketCap data, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.16, down 2.44% in the last 24 hours, with a high of $2.38 and a low of $2.07, and a 24-hour volume of $207 million. The current market capitalization is approximately $2.698 billion, which is a decrease of about $67.5619 million compared to yesterday. NEAR is a modular, high-speed protocol designed for AI, aimed at enabling AI to act, trade, coordinate, and develop on behalf of users. NEAR handles identity, trust, and data on the backend, while AI interacts with users and executes intentions on the frontend. NEAR provides everything developers need to build and expand AI-native systems, including AI protocols, computation, and infrastructure, supporting encrypted model execution, verifiable computation, and multi
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NEAR2.35%
23:01

Fed's Barr expresses concerns about Bitcoin-backed stablecoins.

Fed Governor Michael Barr is concerned that the newly passed GENIUS Act may allow stablecoins to use Bitcoin as reserves, which would threaten their stability. He acknowledges the advantages of stablecoins but points out that there are regulatory gaps currently. Although the act does not explicitly support using Bitcoin as reserves, its content could lead to this move.
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BTC2.39%
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07:35

Saudi Aramco CEO: Without increased investment, the world may face a shortage of oil.

The CEO of Saudi Aramco warns that the world may face a shortage of oil due to a lack of new oil field exploration in the past decade and current low investment levels. Over the next fifteen years, shale oil production may stabilize or decline, with a projected global oil supply gap approaching 10 million barrels per day by 2040. Companies need to act early to ensure future supply.
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01:32

NEAR (NEAR Protocol) fell 4.77% in the last 24 hours

Gate News Bot news, on October 16, according to CoinMarketCap data, NEAR (NEAR Protocol) is currently priced at $2.33, down 4.77% in the last 24 hours, with a high of $3.22 and a low of $1.75, and a 24-hour volume of $279 million. The current market capitalization is approximately $2.914 billion, a decrease of $146 million compared to yesterday. NEAR is a modular high-speed protocol designed for AI, aimed at allowing AI to act, trade, coordinate, and develop on behalf of users. NEAR serves as the blockchain backend handling identity, trust, and data, while AI interacts with users and executes intentions at the frontend. NEAR provides everything developers need to build and scale AI-native systems, including AI protocols, computation, and infrastructure, supporting encrypted model execution, verifiable computation, and multi-chain operation.
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NEAR2.35%
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13:08

Monad Foundation: Beware of fake airdrop claim websites, claims will be open until November 3.

Odaily News Monad Foundation announced that this airdrop will distribute tokens to 5,500 members of the Monad community and nearly 225,000 members of the broader encryption community. Users should be wary of false airdrop claim sites, which may be scams attempting to steal your credentials. Additionally, airdrop claims will be open until November 3, and users can act cautiously without congested claims.
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00:45

TD Cowen: The U.S. crypto market structure bill may need to wait until after the midterm elections.

PANews, October 14 - According to a report from The Block, TD Cowen analysts pointed out in a report released on Monday that U.S. senators are slow to act on the cryptocurrency market structure legislation, which may delay the passage of the bill until after the midterm elections. There are fundamental disagreements between the Republican and Democratic parties regarding the allocation of regulatory powers and restrictions on Decentralized Finance, making it difficult to determine the schedule for deliberation. The report noted that the clause proposed by the Democrats to prohibit government officials from holding Crypto Assets is a major obstacle, as it directly targets the controversy surrounding the Trump family's profits from projects like World Liberty Financial. Although procedural disputes do not constitute substantial obstacles, analysts believe that senators are more inclined to postpone the vote. The limited session of the Senate and the political considerations of the midterm elections further diminish the urgency of the legislation. TD Cowen analyst Jaret.
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WLFI2.59%
08:27

NEAR (NEAR Protocol) fell 15.96% in the last 24 hours.

Gate News Bot news, on October 11, according to CoinMarketCap data, as of the time of writing, NEAR (NEAR Protocol) is currently priced at $2.53, falling 15.96% in the last 24 hours, with a high of $3.22 and a low of $1.75. The 24-hour volume reached $1.175 billion. The current market capitalization is approximately $3.157 billion, a decrease of about $599 million from yesterday. NEAR is a modular high-speed protocol designed for AI, aimed at enabling AI to act, trade, coordinate, and develop on behalf of users. As an infrastructure, NEAR supports the execution of cryptographic models, verifiable computation, and multi-chain operations. The platform simplifies the blockchain user experience, with the agent defining the outcomes, while NEAR handles cross-chain routing, signing, and execution in the background. NEAR's dynamic sharding system provides performance at a global scale, finalizing at
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NEAR2.35%
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03:52

Former Japanese Central Bank official: The rapid fall of the yen approaching 160 may trigger intervention.

Jin10 data reported on October 10th, former Bank of Japan official Atsushi Takeuchi, who participated in past forex interventions, stated that if the yen sharply falls towards 160, Japan may intervene and warned that excessive depreciation could force Tokyo to act. Takeuchi mentioned that so far, the depreciation of the yen is still within a controllable range, but if the market begins to discuss the risk of the yen possibly falling further to 160 or even 170, alarm bells will start ringing. He stated, "If the yen depreciates to that extent, the authorities may also have to intervene." He added that while intervention will not change the overall trend, it can temporarily curb excessive fluctuations.
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01:00

Mizuho Securities: Still expect the Bank of Japan to maintain a hawkish stance in the short term.

Vishnu Varathan of Mizuho Securities pointed out that although the likelihood of a rate hike by the Bank of Japan has weakened, a hawkish stance will still be maintained in the short term. Due to previous rate increases leading to a rise in long-term government bond yields, the Central Bank will act cautiously to avoid excessive economic tightening. Meanwhile, weak household confidence and policy divergence from the Fed may negatively impact the yen.
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06:12

Stablecoin infrastructure company BVNK receives investment from Citigroup's venture capital firm.

Citi Ventures has invested in the stablecoin startup BVNK, with the amount undisclosed. BVNK supports two-way settlement between fiat and encryption assets, with a valuation exceeding $750 million. The U.S. market is growing rapidly, driven by the GENIUS Act. Citi is also evaluating the issuance of its own stablecoin, with nearly $90 trillion in stablecoin trading volume and a total market capitalization exceeding $300 billion.
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16:43

The Turkish parliament unanimously passed a motion condemning Israel's attack on the aid flotilla to Gaza.

Jin10 data reported on October 9, local time on October 8, the Turkish Grand National Assembly unanimously passed a motion condemning Israel's attack on the humanitarian aid fleet heading to Gaza. The motion stated that the attack on the "Conscience" aid ship carrying 21 Turkish citizens was a "despicable act of violence," targeting not only Turkish citizens but also openly challenging the dignity of the Turkish parliament. It is reported that among these 21 Turkish citizens, there are 3 members of the Grand National Assembly. The motion issued a stern warning to Israel, demanding that no form of mistreatment be carried out against Turkish citizens and parliament members, and that the relevant individuals should be immediately released and allowed to return to Turkey.
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16:51

Morgan Stanley: If US Treasury yields rise this week, one should decisively buy.

Jin10 data, October 7 - Historically, this week has typically performed poorly for the U.S. Treasury market. Morgan Stanley strategists point out that if this trend reoccurs this year, investors should "let go" and buy the dips. Over the past 25 years, October has usually been the worst month for the U.S. Treasury market, with an average fall of 0.30%, and the declines are mainly concentrated in the first half of the month. Especially in the week leading up to Columbus Day (October 13 this year), U.S. Treasury yields tend to decline. Morgan Stanley believes that this pattern is partly due to the 10-year and 30-year Treasury auctions that usually take place during that week. This year's auctions are scheduled for October 8 and 9 and will not be delayed due to the federal government shutdown. The bank also noted that due to ample balance sheet space for traders at the beginning of the fourth quarter, it is easier to establish short positions. Morgan Stanley's interest rate strategy team stated that if this market situation reoccurs this year, investors should act decisively.
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15:28

Trump: Thank you to Israel for stopping the bombardment, will not tolerate Hamas delaying.

Jin10 reported on October 4th, U.S. President Trump stated on social media: "I thank Israel for temporarily stopping the bombing to allow hostages to be released and to give the peace agreement a chance to be implemented. Hamas must act quickly, or everything will be ruined. I will not tolerate delays - even though many believe this will happen - nor accept any outcome that allows Gaza to pose a threat again. Let's get this done as soon as possible. Everyone will be treated fairly!"
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23:40

Australia drafts laws to strengthen regulation of digital asset platforms.

Golden Finance reported that Australia has released a draft legislation to regulate digital asset platforms, aiming to extend the Financial Services Act to crypto assets businesses to enhance consumer protection and provide clarity for the industry. Assistant Treasurer Daniel Mulino announced these reforms on Wednesday at the Australia Global Digital Asset Regulation Summit. He described the bill as the "cornerstone" of the digital asset roadmap released by the government in March and stated that it would align Australia with its international counterparts.
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00:36

NEAR (NEAR Protocol) has pumped 14.54% in the last 24 hours.

Gate News Bot news, on September 19, according to CoinMarketCap data, NEAR (NEAR Protocol) is currently priced at $3.23, having risen 14.54% in the last 24 hours, reaching a high of $3.26 and a low of $2.59, with a 24-hour volume of $583 million. The current market capitalization is approximately $4.037 billion, an increase of $512 million from yesterday. It is currently ranked 34th in global Crypto Assets market capitalization. NEAR is a modular high-speed protocol designed for AI, aimed at allowing AI to act, trade, coordinate, and develop on behalf of users. On NEAR, AI interacts with users as the front end and executes intents, while the blockchain serves as the back end to handle identity, trust, and data. NEAR provides everything developers need to build and scale AI-native systems, including AI protocols.
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NEAR2.35%
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12:09

The original STBL protocol launched by the co-founder of Tether splits the stablecoin yields into interest-bearing NFT YLD.

PANews, September 18 - According to CoinDesk, former Tether co-founder Reeve Collins has launched the STBL protocol, which splits yield-generating RWAs (such as Franklin Templeton BENJI, BlackRock BUIDL, etc.) into a liquid dollar stablecoin USST and interest-bearing NFT YLD. Users can hold principal and yield separately after depositing assets. The protocol design complies with the GENIUS Act requirements, and USST maintains its peg through over-collateralization and incentive mechanisms. The STBL governance token has been listed on multiple exchanges, and the protocol is expected to open to the public in the fourth quarter.
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STBL3.12%
BENJI5.76%
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02:35

ACT (Act I: The AI Prophecy) rose 12.70% in 24 hours.

Gate News Bot report, September 17, according to CoinMarketCap data, ACT (Act I: The AI Prophecy) is currently priced at $0.04, with a rise of 12.70% in the last 24 hours, reaching a high of $0.04 and a low of $0.04. The 24-hour volume is $32.3 million. The current market capitalization is approximately $39.5 million, an increase of $4.45 million compared to yesterday. ACT I is one of the most important milestones in the history of AI. ACT stands for AI Community Token, and its story is about resilience, unity, and growth, connecting the crypto community. The $ACT project began with the ambition to create a decentralized community focused on advancing AI research, education, and collaboration. Through $ACT, enthusiasts, developers, innovators, and community members come together to promote the popularization of AI.
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ACT14.89%
01:14

Strategy founders and other encryption executives will participate in the Washington roundtable meeting to advance the U.S. Strategic Bitcoin Reserve Act.

Crypto Assets advocates will participate in a roundtable in Washington D.C. on Tuesday to discuss promoting U.S. strategic Bitcoin reserve legislation. The meeting is hosted by Republican senators and representatives, aiming to advance the BITCOIN bill, acquiring 1 million Bitcoins within five years through a "budget-neutral strategy."
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BTC2.39%
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14:48

Bloomberg ETF analyst: Doge ETF and XRP ETF are expected to launch this Thursday.

PANews September 15th news, Bloomberg ETF analyst Eric Balchunas stated that the Doge ETF ($DOJE) and the 40 Act Spot XRP ETF ($XRPR) are expected to launch this Thursday. Both ETFs have been disclosed in the same effective prospectus, and additionally, Trump and Bonk related ETFs are also mentioned in the prospectus, but specific launch dates have not yet been announced.
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DOGE2.51%
XRP2.49%
TRUMP3.31%
BONK0.69%
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00:15

The U.S. Secretary of State calls the incident of drones entering Polish airspace "unacceptable".

Jin10 data September 14 news, on September 13 local time, U.S. Secretary of State Marco Rubio stated that the incident of a drone entering Polish airspace is "unacceptable and dangerous," but it is still unclear whether it was intentional or a mistake. Rubio emphasized, "The drone was indeed launched intentionally, but the question is whether it was specifically aimed at Poland." He pointed out that if evidence shows the drone was indeed headed towards Poland, it would be a "highly escalated act."
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15:12

Market analysis: Tariffs and conflict risks are short-term catalysts for the rise in oil prices.

Jin10 reported on September 12 that as the UK announced new sanctions against Russia and the US urged Europe to impose tax pressure on Russian oil buyers, crude oil futures are rebounding from the previous day's decline. BOK Financial analyst Dennis Kissler stated in a report: "The Russia-Ukraine conflict remains a bullish factor for crude oil prices, as Ukraine attacked a key Russian oil export facility late last night. Russia exports nearly 7 million barrels of crude oil daily, so any disruption from tariffs or the conflict could act as a catalyst for a short-term rise in oil prices."
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06:49

Half a year of Money Laundering 3 billion! Taiwan's police and prosecutors dismantle Hero Pay's cross-border gambling operation, detaining 2 masterminds.

Taiwan's law enforcement has once again cracked a major cross-border Money Laundering case! The Criminal Investigation Bureau has identified the illegal third-party payment platform Hero Pay, which is involved in laundering money for online gambling groups in Southeast Asia. In just six months, the cash flow reached 3 billion TWD, with profits from transaction fees alone exceeding 300 million TWD. The task force conducted surprise raids at four locations in Taipei City yesterday, detaining 20 individuals and requesting the court to impose detention without visitation on two key figures, a man with the surname Luo and a woman with the surname Huang, under the Money Laundering Control Act.
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06:42

Is Taiwan's issuance of stablecoins on the right track? The Financial Supervisory Commission's attitude has shifted to openness, revealing the timing for banks' layout.

Following the United States signing the "U.S. Stablecoin National Innovation Act" (also known as the "Genius Act") in July 2025 and Japan approving the issuance of the local yen stablecoin JPYC, market attention has shifted to whether Taiwan will follow suit. The Financial Supervisory Commission recently made it clear that stablecoins have been included in the draft of the "Virtual Asset Service Act" and revealed that some banks in Taiwan have expressed their willingness to issue stablecoins, indicating that discussions about a Taiwanese version of stablecoins are gradually heating up.
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08:05

"$6.2 million risk control incident" users return to MyStonks and engage in Futures Trading.

Odaily News Today, user Caroline (@thcaroline 2233), involved in a $6.2 million risk control incident, posted on the X platform: "I am back again, learning how to act like a gambler. Initial capital $20,000, let's see how long I can last." According to the asset holdings screenshot she published, she holds ORCL.M-USD Perptual Futures, using 10x leverage, with a position value of $200,000. Her account has been connected to the trading system, and the trading platform is MyStonks. Previously, Caroline stated that approximately $6.2 million in funds on the on-chain securities platform MyStonks could not be withdrawn due to triggering risk control. In response, MyStonks officials stated that the platform has received a law enforcement request from regulatory authorities regarding a certain user. Subsequently, Caroline deleted part of her previous posts.
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16:00

JPMorgan: The adoption of Crypto Assets by institutions is still in the early stages, but momentum is increasing.

PANews reported on September 10 that according to CoinDesk, a report released by JPMorgan on Wednesday stated that institutional adoption of Crypto Assets is still in the early stages, but momentum is increasing. The report indicated that Bullish's IPO in August and the passage of the GENIUS Act have heightened interest in the industry, and the clarity in regulation has eliminated one of the biggest obstacles faced by large investors. The report mentioned that signs of participation are emerging, with the Chicago Mercantile Exchange (CME) reporting that the number of open contracts for institutional investors in Crypto Assets derivation has reached an all-time high, with institutions currently holding about one-quarter of Bitcoin ETPs; while a survey by EY showed that 85% of companies have already allocated digital assets or plan to allocate them by 2025, with regulation being a key driving factor. The report also stated that in terms of the stock market, Bullish has become the benchmark for institutional investors.
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15:56

Houthi claims that the Israeli military airstrikes on Yemeni media civilian facilities

Jin10 data reported on September 10 that Yahya Saree, spokesperson for the Houthi armed forces in Yemen, issued a statement today (September 10) regarding Israel's latest round of airstrikes, denying the Israeli claim of "attacking missile launch platforms" and emphasizing that the airstrikes caused severe casualties and property damage. The statement indicated that the actual situation was that Israeli airstrikes affected multiple civilian facilities, including media organizations, resulting in casualties among journalists and bystanders, causing serious losses to news agencies and ordinary citizens. Saree stressed that this act of aggression will not go unpunished, and the relevant parties will surely pay the price.
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14:07

Harris "fires back" accusing the Democratic Party of turning a blind eye to Biden's re-election bid.

Jin10 data September 10 news, former US Vice President Kamala Harris stated that allowing the Democratic Party leadership to give the decision on whether to seek re-election to the incumbent President Biden is a "reckless" act—this is her sharpest comment on her former boss after the defeat in the 2024 election. In an excerpt from her upcoming memoir, Harris wrote that Biden is capable of serving as president, but sometimes feels fatigued—and his core staff completely defer to him on the crucial question of whether he should seek re-election. "'This is Joe and Jill's decision.' We all said this, like a mantra, as if we were hypnotized. Was this elegance or recklessness? Looking back, I think it was reckless. The risks were just too high." Harris wrote that "Joe and Jill" refers to former President Biden and his wife Jill Biden. "This should not be a choice left to personal self and personal ambition; it should not just be a private matter.
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12:35

Hamas military leaders urge fighters to hold the line.

On September 10, Jin10 reported that the current leader of Hamas's military forces, Hadaad, told Hamas militants to stay in Gaza City and prepare for battle, as Israel is preparing to invade and "conquer" the city. According to reports, Hadaad stated in this message that he would stand on the front lines and predicted that the battle would last for months. It was reported that other armed groups threatened that if fighters left the city, they would be punished. An Arabic spokesperson for the Israel Defense Forces, Avichai Adraee, previously stated that the Israeli military is determined to defeat Hamas and will act with great force in Gaza City, just like throughout the Gaza Strip.
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15:28

Bubblemaps: A certain entity is suspected of receiving $170 million worth of tokens from the MYX airdrop.

PANews, September 9 - The blockchain analysis platform Bubblemaps posted on the X platform that a single entity has claimed tokens worth $170 million from the MYX airdrop. They tracked 100 newly funded addresses, which showed identical on-chain activity. This is suspected to be the largest airdrop Sybil Attack in history. According to its description, about 100 addresses received funding injections through OKX one month before the MYX Airdrop, with all transfers occurring around 6:50 AM on April 19. All addresses received a similar amount of BNB. These addresses all met the eligibility criteria for the airdrop, collectively claiming 9.8 million MYX (approximately 1% of the total token supply), with most addresses initiating the claim at around 5:30 AM on May 7. These addresses had no prior on-chain activity before claiming MYX, making it hard to believe this was a random act.
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BMT0.96%
MYX-3.29%
01:19

NEAR (NEAR Protocol) rose 6.48% in the last 24 hours.

Gate News Bot news, on September 9, according to CoinMarketCap data, NEAR (NEAR Protocol) is currently priced at $2.62, with a rise of 6.48% in the last 24 hours, reaching a maximum of $2.62 and a minimum of $2.32. The 24-hour volume is $166 million. The current market capitalization is approximately $3.275 billion, an increase of $199 million compared to yesterday. NEAR is a high-speed modular protocol designed for AI, enabling AI to act, trade, coordinate, and evolve on behalf of users. NEAR serves as the infrastructure, supporting AI to interact with users as a front end and execute intentions, while the blockchain handles identity, trust, and data as a back end. NEAR provides everything needed to build and scale AI-native systems, including protocols that support encrypted model execution, verifiable computation, and multi-chain operations.
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BOT3.38%
SUI2.11%
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02:35

Stablecoin issuer Paxos proposes to support HyperLiquid stablecoin USDH

Golden Finance reported that stablecoin issuer Paxos announced on the X platform that it has submitted a proposal to support the HyperLiquid stablecoin USDH. If the proposal is approved, it means that USDH issued by Paxos will meet the standards of the GENIUS Act. Additionally, revenue sharing will promote the development of the protocol and validators, and clear regulation and global scale can also match the rise of HyperLiquid.
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USDP-0.02%
HYPE4.33%
04:05

The U.S. Senate Banking Committee has proposed a bill draft: staking, airdrops, and DePIN may be exempt from securities law regulation.

Gate News bot message, the U.S. Senate Banking Committee has recently released a revised draft of the "Digital Asset Market Structure Act" (CLARITY). According to Coinness, the draft proposes to exclude staking, airdrops, and decentralized physical infrastructure networks (DePIN) from securities law regulation. The draft also suggests the establishment of an advisory committee jointly by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to make decisions and address disputes in the cryptocurrency space. In addition, the draft retains provisions from previous versions, such as self-custody protections and DeFi exceptions.
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BOT3.38%
DEFI-0.55%
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