Saturday, October 10

Business

GnosisDAO Approves Gnosis Chain for Ethereum Economic Zone

GnosisDAO approved Gnosis Chain’s transition from a standalone layer-1 network to a ZK-proven Ethereum Economic Zone (EEZ) rollup.GIP-153 received 123,158 GNO in support, 115 against and 151 abstaining across 54 voters, Gnosis Chain said in an X post. Turnout reached…

HYPE Price Jumps 20% on Trump Hyperliquid US Signal

Hyperliquid’s native token surged more than 20% over 24 hours after United States President Donald Trump said regulators were working on a compliant pathway to make the decentralized trading platform available to American users.HYPE traded around $62 immediately before Trump’s…

Gallego Warns Against Rushing CLARITY Act Senate Vote

Democratic Senator Ruben Gallego warned that rushing the CLARITY Act to a Senate vote before lawmakers resolve disputes over ethics and stablecoin yield could set United States crypto market structure legislation back.Speaking at the SALT Wyoming Blockchain Symposium on Wednesday,…

FASB Proposes Conditions for Stablecoins as Cash Equivalents

[Update 12:50 UTC, Aug. 19: Adds background on FASB, proposed disclosure requirements and the US regulatory framework for stablecoins.]The Financial Accounting Standards Board (FASB) has proposed guidance outlining when companies may classify certain stablecoins as cash equivalents under generally accepted…

Maya Protocol Hit by .7M Exploit, CACAO Falls 89%

[Update, 09:25 UTC, Aug. 19: Adds details on the exploit mechanics and its impact on MAYAChain’s liquidity pools.]Cross-chain decentralized exchange (DEX) Maya Protocol halted its network after an attacker exploited a series of software flaws to obtain an estimated $1.7…

Trump Pushes for CLARITY Act Passage Alongside Crypto Leaders

US President Donald Trump continued to push for passage of a crypto market structure bill as the Senate remains in recess.In a Wednesday press conference with crypto company executives including Coinbase CEO Brian Armstrong and Gemini co-founders Cameron and Tyler…

Crypto PAC Notches Primary Wins, But Loses M Florida Race

Four of the five candidates supported by ads funded by the cryptocurrency-aligned political action committee (PAC) Fairshake won their primaries or otherwise advanced on Tuesday, potentially a bellwether for the industry’s influence in the 2026 midterm elections.On Tuesday, Democratic and…

Reporting COP17 from Ulaanbaatar, Mongolia

After about a 15-hour flight from Abuja to Istanbul (6hrs 25 min) and then to Ulaanbaatar, Mongolia (8hrs, 20 min), I finally arrived in the “Land of the Eternal Blue Sky”- Mongolia, to cover the 17th session of the UNCCD…

HSBC, Standard Chartered Execute First Live Transaction on Swift Blockchain

Standard Chartered and HSBC have completed the first live cross-border transaction on Swift’s blockchain-based ledger, demonstrating interoperability between the banks’ tokenized deposit systems a month after the ledger’s launch.The transaction involved payment messages exchanged between the two through Swift’s ledger,…

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