Sui has been adopted as the settlement infrastructure for African cross-border payments platform Daya. Daya users can transfer supported stablecoins without separate gas fees and reallocate funds for cross-border payments in real time.
State-linked hackers, including operators linked to North Korea and Iran, increased their use of public blockchains to store malware commands and infrastructure information by 420% over the past 12 months, according to Chainalysis.
An estimated 290 people worldwide held more than $100 million in cryptocurrency assets as of August 31, according to Henley & Partners. Singapore ranked first in the Henley Crypto Adoption Index for the fourth consecutive year.
BitMEX co-founder Arthur Hayes expects financial asset prices to continue rising despite Fed rate hikes, arguing that money supply is still increasing in the financial system.
The U.S. House Financial Services Committee passed the United States Reserve Modernization Act by a 28-21 vote. The bill would establish a Strategic Bitcoin Reserve under the Treasury and require quarterly reserve disclosures and third-party audits.
Morgan Creek Capital Management CEO Mark Yusko said Bitcoin’s fair value is approximately $105,000 based on Metcalfe’s law, describing its price of about $75,000 at the time as discounted.
The CFTC plans to continue pursuing cryptocurrency market rules under existing law despite the Senate’s failure to advance the Clarity Act. Chair Mike Selig said investors need regulatory clarity, legal certainty and consumer protection.
Senator Angela Alsobrooks said discussions on the CLARITY Act should continue after a cloture vote failed to secure the 60 votes required in the Senate. She said the bill would not fail and cited a responsibility to regulate an industry involving more than 70 million Americans.
Binance has launched ETF Wealth Management on Binance Earn, supporting 11 U.S.-listed ETFs. The service categorizes products by investment period and provides users with actual ETF ownership and related economic rights.
