Crypto

On-chain data shows Bhutan transferred approximately $34.5 million in bitcoin to Binance exchange, with holdings falling below 1,750 BTC.

Illinois added a 0.2% tax on digital asset holding and transfers in its state budget at the last minute, drawing strong opposition from the crypto industry.

Rating giant Moody’s has deployed credit ratings directly on the Solana blockchain, embedding credit scores into tokenized securities to boost institutional adoption of on-chain assets.

Major U.S. gaming industry groups sent a letter to the Senate calling for an explicit ban on sports and casino-style prediction markets in the crypto market structure bill under consideration.

Barry Moore, a Trump loyalist backed by $12 million from a crypto PAC, won the Alabama Republican Senate primary, marking the largest crypto political spending in this midterm cycle.

World Liberty Financial, backed by the Trump family, is nearing approval for a federal trust bank charter from the OCC, allowing it to issue and redeem its USD1 stablecoin under a single federal regulator.

Bipartisan US senators have written to the Treasury Department urging that state regulatory authority be preserved in the implementation of the GENIUS stablecoin legislation, preventing excessive federal centralization.

Investment firm VanEck has released a report stating that Bitcoin miners’ plans to pivot to AI data centers face approximately $50 billion in funding gaps, with reality proving far more challenging than expected.

Coinbase has launched tokenized US stock trading, with tokens backed 1:1 by actual shares and holders eligible for dividends, joining competitors like Robinhood and Kraken in the tokenized assets space.

Ripple has made a strategic investment in African payments leader Flutterwave, valued at $3.2 billion. The partnership will integrate Ripple’s RLUSD stablecoin and XRP Ledger to accelerate cross-border payments across Africa.