Author: 行政
Ripple is trying to move the XRP Ledger (XRPL) deeper into institutional credit, a push that could expand the network’s role beyond cross-border payments and give XRP a broader claim on the next phase of onchain finance.The company is backing a proposed lending upgrade that would allow institutions to borrow against assets they hold on the XRPL, including stablecoins and tokenized instruments, without forcing the blockchain to make the credit decision itself.For XRP, the significance is less about turning the token into a lending asset overnight and more about widening the range of financial activity that can happen on the…
MiCA’s July 1 deadline feels as if it were a Europe-wide exchange shutdown. For UK traders, the direct rulebook remains the UK’s FCA-led regime; the operational risk is that an exchange account may be classified through a different country, legal entity, or product notice.The same exchange brand can serve customers through different legal entities. A UK user may therefore see a message written for EU clients, miss one that applies to an EEA-linked account, or overlook a product change affecting deposits, yield, open orders, or withdrawals.The account contract and jurisdiction attached to it carry more weight than the logo on…
Congress is moving to fix how the US tax code treats crypto mining and staking rewards, and for validators and their institutional clients, the fix is long overdue.H.R. 9175, the Tax Clarity for Mining and Staking Act, would let miners and stakers defer tax on newly minted tokens until they sell them, ending a cash-flow penalty that has pushed validation infrastructure and its largest clients toward offshore jurisdictions with clearer rules.For Bitcoin miners, the bill barely touches the actual competition consisting of land availability, power contracts, permitting timelines, and grid reliability, which determine where the next megawatt gets built.The staking…
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…