X Platform to Launch Disclosure Requirements for Paid Promotions Including Kalshi and Polymarket Ads

Ray Dalio Warns CBDCs Could Erase Financial Privacy

Ray Dalio warns that central bank digital currencies (CBDCs) may compromise financial privacy, enable instant taxation, and impose capital controls, raising concerns about government oversight and civil liberties as numerous central banks pilot these systems.

Missouri Lawmakers Advance Bill to Build a Bitcoin Strategic Reserve

Missouri lawmakers are advancing House Bill 2080 to create a Bitcoin strategic reserve in the state treasury. The bill aims to ensure tax-free storage of Bitcoin for five years using cold storage, funded by donations, enhancing security and confidence in cryptocurrency.

FED Kashkari blasts: Cryptocurrencies are "useless," stablecoins are a "hodgepodge of buzzwords"

Federal Reserve Chair Neel Kashkari strongly questions the practicality of cryptocurrencies, believing they have yet to prove any value, and compares their potential to that of artificial intelligence. He criticizes stablecoins for not bringing substantial upgrades to the financial system and argues that their advantages mainly do not target American consumers, highlighting his skepticism towards cryptocurrencies and contrasting with the government's supportive stance.

What signals did the SEC send behind the new regulation of 2% discount on stablecoins?

The new guidelines issued by the U.S. Securities and Exchange Commission (SEC) allow brokers to calculate net capital with a 2% discount for payments made in stablecoins. This change could promote the adoption of stablecoins in mainstream finance. At the same time, this policy will be implemented alongside the enactment of the GENIUS Act, helping to clarify the status of stablecoins within the existing regulatory framework and making it easier for market participants to engage in digital asset trading.

Elliptic reveals 5 exchanges assisting Russia in evading sanctions: ABCeX alone trades $11 billion

Blockchain analytics company Elliptic has identified five cryptocurrency exchanges assisting Russia in evading sanctions, with ABCeX's total trading volume exceeding $11 billion. The report analyzes the operational models of these exchanges, including obfuscating transaction sources and dealings with sanctioned platforms. The European Union plans to impose a comprehensive ban on cryptocurrency transactions with Russia, but enforcement faces challenges. After each round of sanctions, new trading platforms quickly emerge, undermining the effectiveness of the sanctions.

Elliptic: Five crypto trading platforms assist Russia in evading sanctions, filling the gap left by Garantex's closure

Elliptic reports that after sanctions, the Russian crypto trading platform Garantex was seized, and at least five alternative platforms still provide funding channels for sanctioned entities, although most have not yet been sanctioned. Platforms like Bitpapa and ABCeX frequently change wallets to evade monitoring, and research shows that related sanctions evasion activities continue across multiple platforms.