Hyperliquid Policy Center and Paradigm have requested the U.S. Treasury to limit parts of its proposed anti-money laundering (AML) rules for stablecoin issuers, especially regarding secondary-market transactions. They argue that issuers cannot identify all participants in decentralized finance (DeFi) transactions, making strict rules impractical and potentially pushing regulated stablecoins toward permissioned or offshore systems. The groups support strong AML checks for primary-market customer interactions but warn that extending these duties to wallet-to-wallet transfers and smart contracts could discourage issuers from supporting open networks. This debate comes amid ongoing legislative discussions on the CLARITY Act, which seeks to protect open-source developers and clarify regulatory responsibilities in the crypto space. The Treasury's proposal remains under review and may be adjusted following public feedback.
Bitcoin miners are experiencing declining revenue as the network's hash rate and mining difficulty fall, reflecting a shift of miners into AI infrastructure. Despite this stress, miners are accumulating Bitcoin, with reserves increasing by 1%, signal...
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
