Author: 行政

The Supreme Court ruled 6-3 in Trump v. Slaughter that presidents may fire commissioners of independent agencies without cause, overturning the 1935 Humphrey’s Executor precedent. The decision places the SEC and CFTC, crypto’s main market regulators, under direct presidential control, while a companion ruling preserved the Federal Reserve’s independence. The case was bankrolled in part by crypto venture firm Paradigm, whose policy chief is married to the fired Democratic FTC commissioner at the centre of the dispute. The Supreme Court ruled on Monday that presidents can fire the commissioners of independent federal agencies without cause, a 6-3 decision that overturns…

Strategy’s preferred stack and Bitcoin’s price are facing two separate tests this week, and only one of them has been resolved.The company’s Digital Credit Capital Framework centers on a $2.55 billion dollar-denominated reserve, a revised STRC dividend policy, $2 billion in combined buybacks, and a board-authorized BTC monetization program.MSTR rose roughly 6% in pre-market trading, and STRC climbed to about $81, still well off its $100 par value. The framework provides Strategy with a defined path to meet its dividend obligations without forced dilution or panic selling.Bitcoin broke below $60,000 again, with over 550,000 BTC moved toward Binance- and OKX-linked…

Strategy said it may sell up to US$1.25 billion of Bitcoin to replenish cash reserves, reversing its years-long strategy of buying and never selling. The company also launched two US$1 billion buyback programs for its common and preferred shares, while its stock has fallen nearly 80% over the past year. The shift follows its market premium over its Bitcoin holdings falling below parity, signalling the self-reinforcing funding model that drove its accumulation may be breaking down. Strategy said in a filing it may sell up to US$1.25 billion (AU$1.81 billion) of its Bitcoin to rebuild cash reserves, a sharp reversal…

Buterin believes indistinguishability obfuscation could eventually remove the need for trusted committees in private blockchain voting. Blockchain infrastructure would still be required because obfuscated programs cannot safely maintain shared state on their own. Despite recent cryptographic progress, the computing demands remain so extreme that the technology is still years away from practical use. Ethereum co-founder Vitalik Buterin has outlined how a future cryptographic breakthrough could enable fully private onchain voting without relying on trusted intermediaries, although he says the technology remains far from practical deployment. In a technical essay, Buterin examined indistinguishability obfuscation (iO), a form of cryptography designed to…

Lucas Dobbins says Australia has the regulatory backing and technical foundations to develop domestic digital finance infrastructure, but industry must now act. Project Acacia demonstrated that tokenised assets, stablecoins and pilot CBDCs can operate together in a regulated environment, shifting the focus to implementation. BTC Markets argues sovereign digital finance infrastructure would strengthen oversight, resilience and competitiveness while reducing reliance on offshore systems. Australia should prioritise building its own regulated digital finance infrastructure or risk depending on overseas platforms in the future, according to BTC Markets CEO Lucas Dobbins. He said the country has reached a pivotal stage where decisions…

Bitcoin’s break below the $60,000 area has pushed digital asset markets into a more defensive phase, ending months of narrow trading and exposing a market structure that traders say could amplify the next major move.CryptoSlate’s data show the largest cryptocurrency had been moving sideways since February, when it first tested the $60,000 area.That long consolidation made the level a widely watched marker for traders, even as macro risks, spot exchange-traded fund outflows and concerns around corporate Bitcoin holders weighed on sentiment.As a result, the latest decline points to a more fragile setup where large amounts of Bitcoin have moved toward major…

Strategy (formerly MicroStrategy) shares rose Monday after the Bitcoin holder moved to reassure investors that it can meet its preferred stock obligations, authorizing up to $2 billion in buybacks and opening the door to Bitcoin sales that could fund dividends, interest payments, and repurchases.The company, led by Executive Chairman Michael Saylor, announced a new Digital Credit Capital Framework that gives management more room to defend its capital structure, which has come under pressure as Bitcoin weakened and Strategy’s preferred securities traded below their stated values.Following the announcement, MSTR gained 3.9% to $85.52 in early market trading, while the distressed STRC…

Illinois just became the first state to tax crypto by the transaction. The new 0.2% levy hits nearly every trade, transfer, or custody service an exchange runs for an Illinois resident, and it takes effect January 1, 2027. Governor JB Pritzker signed the Digital Asset Tax Act in mid-June, tucked inside a $55.9 billion budget.Washington is in the middle of building a single national rulebook for crypto. The GENIUS Act for stablecoins is already law, and the CLARITY Act for market structure is slowly approaching a Senate floor vote. Both promise the same thing: one set of rules for issuers,…

Aave’s latest market move is becoming a referendum on how investors value DeFi lending as its economics begin to resemble those of financial infrastructure.The token rallied as AAVE traded around $94.32 on June 27, up 13.16% over 24 hours. At the same time, a reported Standard Chartered bull case described Aave in automated-bank terms, while reports of Kraken parent Payward discussing a strategic stake in an Aave-related entity put fresh attention on the line between Aave Labs and AAVE-aligned protocol economics.Stani Kulechov moved that line to the center by saying Aave protocol, GHO, and product revenue flow to AAVE rather…

Over the past year, the artificial intelligence trade has become one of the main pillars supporting global risk appetite.However, the Bank for International Settlements (BIS) is now warning that the same spending boom could become a source of financial stress if expected returns fail to arrive.The Basel-based organization, which advises central banks, said in its annual economic report that the five largest hyperscalers are on track to spend more than $1 trillion on AI-related capital expenditure across 2025 and 2026.The BIS said the scale of investment has raised questions about whether companies are committing too much capital before the business…