Ethena Labs has rapidly cemented itself as one of the most influential players in the stablecoin sector, amassing a staggering $290.2 million in total protocol revenue by July 9. Positioned just behind giants like Tether, Circle, and Sky, Ethena’s ascent underscores a profound shift in how stablecoins operate within the broader financial ecosystem. Unlike traditional
Regulation
In recent months, New Zealand has taken a firm stance against the emerging digital asset landscape, announcing plans to ban crypto ATMs and tighten AML/CFT regulations. While the government frames these measures as vital steps toward safeguarding the financial system, critics argue they risk stifling innovation and infringing on personal freedoms. The government’s narrative claims
In a landscape dominated by digital currencies, Tether’s recent revelation about holding approximately $8 billion worth of gold in a Swiss vault challenges conventional notions of stability in the crypto world. Tether’s CEO, Paolo Ardoino, portrays this strategic shift as an innovative step—an attempt to anchor stablecoins with tangible assets. But behind this bold claim
In recent days, the blockchain community witnessed a surge of claims suggesting that digital assets, specifically TON tokens, could unlock a shortcut to the coveted UAE Golden Visa. These narratives painted a picture of instant wealth and easy access to residency—an enticing prospect, especially for investors eager to diversify their portfolios. However, beneath this shimmering
In the midst of the whirlwind of legislative activity, the U.S. House of Representatives has declared a focused “Crypto Week,” signaling a pivotal moment in the nation’s approach to digital assets. While the intention behind this concerted effort appears to be fostering leadership and clarity in an otherwise chaotic regulatory landscape, it also reveals underlying
Recent survey data reveals an intriguing trend: over 70% of American crypto investors express strong approval of the former President Donald Trump’s approach to digital assets and blockchain regulation. This statistic contradicts the common narrative that political leadership influences crypto sentiment only temporarily. Instead, it suggests a sustained alignment that champions a regulatory environment perceived
The recent proposal by Senator Cynthia Lummis marks a significant departure from traditional tax laws, attempting to carve out a new framework tailored specifically for digital assets. Rather than applying the existing, often clunky tax rules designed for stocks and bonds, this bill aims to define, categorize, and manage crypto activities in ways that acknowledge
Ripple’s recent application for a national bank charter signals a provocative shift in the handling of digital assets, specifically stablecoins. This move, submitted to the Office of the Comptroller of the Currency (OCC), has the potential to redefine standards, but it also raises critical questions about oversight, innovation, and the real motive behind such strategic
South Korea’s recent decision to halt its innovative CBDC pilot—Project Han River—is a stark reminder that government-led financial experiments often falter in the face of commercial realities. The Bank of Korea’s (BOK) initial enthusiasm was rooted in the belief that a state-controlled digital currency could modernize the financial ecosystem and enhance monetary sovereignty. However, the
Senator Cynthia Lummis’s recent announcement of a forthcoming amendment to the “One Big Beautiful Bill” (OBBB) addressing digital asset taxation is overdue and absolutely necessary. The current tax code’s approach to cryptocurrency—especially mining and staking rewards—imposes an unjust double taxation regime. Miners and stakers get taxed once when block rewards are received (treated as ordinary
