Electric Coin Company’s full Zcash team has resigned after a governance clash with nonprofit Bootstrap, planning a new “unstoppable private money” venture as ZEC falls. Summary Electric Coin Company’s entire Zcash development team resigned after a governance breakdown with the Bootstrap nonprofit board, which oversees Zcash strategy. CEO Josh Swihart alleges board‑driven changes to employment…
Florida bills would create a Strategic Bitcoin Reserve, allowing up to 10% of key public funds to hold BTC and ETFs while enabling limited crypto tax payments. Summary Florida’s HB 183 and SB 1038 would establish a Strategic Bitcoin Reserve using select public funds. Up to 10% of the General Revenue, Budget Stabilization, and pension…
Gate launches GateAI, an in‑app AI market assistant that explains price moves and sentiment with a verify‑first, no‑signals, no‑predictions approach. Summary Gate has rolled out GateAI, an AI‑powered market intelligence assistant embedded in its mobile trading app. The tool uses a “verify first, then generate” model to explain price moves and sentiment without trade signals…
The Senate will finally mark up the Clarity Act, but partisan rifts, Trump politics, and midterm pressure threaten to push comprehensive crypto rules into 2027. Summary Senate Banking Chair Tim Scott set a Jan. 15 markup for the crypto market structure bill after months of stalled talks. Lawmakers remain split over ethics rules, DeFi, and…
U.S. spot Bitcoin ETFs saw their first net outflow of 2026, but BlackRock inflows and Morgan Stanley’s new Bitcoin and Solana ETF plans underscore lingering institutional demand. Summary U.S. spot Bitcoin ETFs posted their first daily net outflow of 2026 as Fidelity, Grayscale, Ark 21Shares and VanEck products saw redemptions. BlackRock’s iShares Bitcoin Trust still…
U.S. community banks say a GENIUS Act loophole lets exchanges pay “backdoor” yields on stablecoins, threatening local deposits and demanding Congress shut it down. Summary The American Bankers Association’s Community Bankers Council told senators the GENIUS Act still allows indirect stablecoin yields via exchanges and affiliates. Banks warn that yield-style stablecoins could siphon billions from…
WisdomTree scraps its XRP ETF plan just as spot XRP funds rack up $1.25b inflows and consolidate around a few aggressive first movers. Summary WisdomTree pulled its XRP ETF S‑1, asking the SEC to withdraw all related exhibits after deciding not to proceed now. Competing XRP ETFs from Grayscale, Franklin, Canary and Bitwise are absorbing…
Uganda’s regulator says it can shut down Jack Dorsey’s Bitchat, but the app’s decentralized Bluetooth mesh and election‑driven adoption make it hard to censor. Summary Uganda’s communications chief claims authorities have the technical capacity to disable Bitchat ahead of national elections. A Bitchat dev rejects the warning, stressing its Bluetooth mesh, serverless design and lack…
Canaan’s 3MW Manitoba pilot reuses Avalon rigs’ waste heat to warm Bitforest tomato greenhouses, cutting fossil fuel use. Summary Canaan and Bitforest launch a 3MW pilot in Manitoba to recycle Bitcoin mining heat into tomato greenhouse heating. The 24‑month program uses 360 liquid‑cooled Avalon A1566HA‑460T units to preheat boiler water and trim energy demand. Canaan targets…
Nike quietly sells RTFKT as NFT market cap plunges over 67%, Converse sales slide, and major NFT events and platforms retreat or pivot. Summary Nike sold RTFKT in December 2025 after earlier announcing it would end Web3 services and pause NFT drops while keeping gaming wearables. The exit comes as Converse posts a 30% Q4…
