Consensys to split into MetaMask and institutional blockchain company
The restructuring will separate MetaMask’s consumer business from Consensys’ Ethereum protocols and institutional blockchain infrastructure operations.…
TRM Labs doubles valuation to $2B in Series C expansion
The blockchain intelligence firm said its annual recurring revenue has quadrupled over the past three years as it expands its AIpowered investigations…
U.S. Bank tests proprietary stablecoin in cross-border Stellar transaction
The pilot moved USBDC between the bank’s North American and European entities on the public Stellar blockchain. Source：Cointelegraph
Bitcoin fails to reclaim $80K as Bessent fuels yen strength around 153 per dollar
Bitcoin trended lower with US stocks on Iran escalation while US Treasury Secretary Scott Bessent contributed to fears of a yen carrytrade unwind.…
Fed rate hike hinges on two key inflation reports in the next two days
Consumer and wholesale prices are rising again. Just how bad does it have to get for the Fed to act? Source：MarketWatch
Trade groups seek to block Illinois crypto tax before January effective date
Following on their earlier lawsuit, CCI and the Blockchain Association seek to block Illinois’ 0.2% crypto tax, arguing it is unconstitutional and would impose…
Treasury will buy more government bonds than previously announced. The market remains ‘underwhelmed.’
The Treasury Department said it would buy back $6 billion in U.S. government debt, exceeding the amount previously announced in its effort to contain bond…
Consensys to split MetaMask into its own firm while staying silent on IPO
The existing company, Consensys Software Inc., will rebrand as MetaMask under Ethereum cofounder Joe Lubin as chairman and CEO. Source：CoinDesk
Crypto Long & Short: Inside the 300-to-1 onchain gap between the dollar and euro
Ryan Connor of RockawayX writes that the dollar leads the euro about 3 to 1 across the offchain economy and more than 300 to 1 onchain. Europegged stablecoins…
PayPal expands stablecoin rails with custom token issuance platform
The PYUSDx stablecoin developer platform, backed by PayPal USD (PYUSD), is built with the help of M0 and MoonPay. Source：CoinDesk
Hunter Biden's new LAPTOP token lost 98% of its value in under an hour after $1.6 billion debut
LAPTOP swung from $190 to under $4 within minutes of opening on Base. Onchain records show tokens had been distributed to market makers for a week before…
German finance ministry proposes 25% crypto tax starting 2028: report
The German Ministry of Finance is reportedly seeking to impose a 25% tax on cryptocurrencies, departing from current laws that make crypto gains taxfree after…