Top Stories

EU Tightens Grip on Crypto: Self-Hosted Wallets Face New Rules for €1000+ Transfers

The European Parliament has approved the first-ever EU legislation for tracking crypto-asset transfers, aiming to deter money laundering and establish standard supervision and consumer protection guidelines. Crypto transfers will now be subject to the “travel rule,” mandating transaction information, including the source and recipient of the asset, be documented and stored on both ends of the transfer. Transactions over €1000 involving self-hosted wallets interacting with hosted wallets overseen by crypto-asset service providers will also be affected. 

Tron’s $60B Goal in Sight As Stablecoin Dominance Surges

The dominance of the Tron (TRX) stablecoin has reached a new high of 33.9%, largely due to the rising supply of Tether USDT, according to DeFiLlama data. The Tron stablecoin market is valued at $44.52 billion, with USDT accounting for 95% of the stablecoins on the network. Justin Sun's goal is to increase the Tron stablecoin market to $60 billion before the end of the year. 

Ukraine Plans to Adopt EU’s New Cryptocurrency Regulations

Ukrainian regulators have announced their intention to adopt the Markets in Crypto-Assets (MiCA) regulation, which was recently passed by the European Parliament.

Ripple Processes $30B in 20M Transactions Within 70 Payout Markets

Ripple has processed nearly $30 billion in up to 20 million transactions using its global proprietary payments solution, RippleNet, since its launch. This was disclosed in a quick guide on how companies can streamline Treasury payments with RippleNet. Ripple's payments solution promises a broad range of offerings to help facilitate more efficient treasury flows for businesses, including access to Ripple's extensive global network. 

Abu Dhabi's Financial Free Zone Proposes Legal Framework for Decentralized Economy

The Abu Dhabi Global Market's (ADGM) Registration Authority is seeking feedback on its proposed legislative framework for distributed ledger technology (DLT), targeting disclosures, liquidation, and governance structures. The proposed "DLT Foundations Regulations 2023" aims to set up a tailored legislative framework that considers "features of foundations that might be attractive to developers of DLT projects," which include decentralized autonomous organizations (DAO). 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $28,245.29 USD, dropped by 1.94% in the last 24 hours;

ETH’s live price is $1,918.92 USD, dropped by 2.58% in the last 24 hours;

BNB’s live price is $328.45 USD, jumped by 0.69% in the last 24 hours;

XRP's live price is $0.4693 USD, dropped by 4.69% in the last 24 hours.

Fundraising News

Stronghold Digital Mining Announces $10 Million Private Placement to Fund Purchase of Bitcoin Miners

Stronghold Digital Mining, Inc. (NASDAQ: SDIG) has entered into securities purchase agreements with an institutional investor and the company's CEO, Greg Beard, to sell 9,000,000 shares of Class A Common Stock and share equivalents to the institutional investor and 1,000,000 shares of Class A Common Stock to Mr. Beard, at a price of $1.00 per share equivalent.

iZUMi Finance Completes $22 Million Financing

One-stop liquidity-as-a-service DeFi protocol iZUMi Finance has announced the completion of a $22 million financing round. iZUMi Finance raised the funds through a series of products known as iZUMi zk-Fund, which were issued through Solv Protocol's latest paradigm protocol, Solv V3, in collaboration with strategic partner Solv Protocol. The financing round received support from funds and individual investors including Unicode Digital, NextGen Digital Venture, Bella Protocol, Incuba Alpha, and others, raising a total of $22 million worth of mainstream digital currency assets such as ETH, stETH, USDC, and USDT.

Playbux Has Closed a $2 Million Seed Funding Round Led by Binance Labs

Playbux, a blockchain-based e-commerce metaverse platform, has closed a $2 million seed funding round led by Binance Labs with participation from Gate.io, Tron, CertiK, Ankr, IMO Ventures, LIF, Math Wallet and OFR.

HypeSaints Has Raised a Million-Level Seed Round, Led by Find Satoshi Lab and ProDigital Future Fund

HypeSaints has raised a million-level seed round, led by Find Satoshi Lab and ProDigital Future Fund, with participation from Initiate Capital , Adaverse Accelerator , and more independent investors.