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Senate market structure bill draft proposes SEC–CFTC joint committee to end crypto turf wars
Senate market structure bill draft proposes SEC–CFTC joint committee to end crypto turf wars

Quick Take The latest draft of a major market structure crypto bill in the US Senate includes several changes that would codify protections for developers, clarify regulatory treatment of airdrops, exempt DePINs from securities laws, and more. The bill also calls on the SEC and CFTC to establish a joint advisory committee for digital assets, bringing together the regulators which sometimes treat crypto assets differently from each other.

The Block·2025/09/05 16:00
Ethena jumps 12% after treasury firm StablecoinX secures $530 million investment
Ethena jumps 12% after treasury firm StablecoinX secures $530 million investment

Quick Take Ethena’s native token jumped nearly 12% after StablecoinX, a treasury company associated with the synthetic dollar issuer, secured $530 million to build its ENA war chest. StablecoinX, which plans to list on Nasdaq under the ticker USDE in Q4, has raised $895 million in PIPE financing to date. StablecoinX will buy locked ENA from an Ethena Foundation subsidiary, while the subsidiary plans to buy $310 million worth of ENA tokens from spot markets over the next 6-8 weeks, the firm said. Stablecoin

The Block·2025/09/05 16:00
Michael Saylor Breaks Silence on Big S&P 500 Index Rejection
Michael Saylor Breaks Silence on Big S&P 500 Index Rejection

Strategy Chairman has finally broken the silence on S&P 500 rejection to have his firm on the Index, citing key milestones.

Coinspeaker·2025/09/05 16:00
Flash
04:42
Ethereum Foundation Member: Ethereum is moving towards confirming execution correctness through zkEVM proof verification
BlockBeats News, February 10th, a member of the Ethereum Foundation, ladislaus.eth, stated that Ethereum is undergoing a key but relatively low-profile architectural shift: moving from nodes re-executing all transactions in a block to confirming execution correctness through zkEVM proofs. The related proposal is supported by EIP-8025 (Optional Proof of Execution), allowing validators to opt for validating multiple-client zk proofs at the consensus layer instead of running a full execution layer, without requiring an upgrade or fork. This mechanism is expected to significantly reduce node hardware and sync costs, benefiting independent validators and home nodes, and laying the groundwork for future L1 execution scaling, ePBS (planned for the Glamsterdam upgrade), and native Rollups. The Ethereum L1-zkEVM roadmap aims for 2026, with the first dedicated conference scheduled for February 11th.
04:36
A certain newly created address deposited $1.98 million into HyperLiquid, longing ETH with 20x leverage
BlockBeats News, February 10, according to Onchain Lens monitoring, a new address deposited $1.98 million into HyperLiquid, went 20x long on ETH, with an average entry price of $2068.
04:32
Bloomberg: Traditional banking organizations oppose granting crypto and fintech companies access to the Federal Reserve payment system
According to Odaily, the Bank Policy Institute, Clearing House Association, and Financial Services Forum have officially submitted a joint comment letter opposing direct access to the Federal Reserve payment system for crypto and fintech companies. The banking groups are requesting a 12-month observation period before relevant companies meet eligibility requirements, and are urging the Federal Reserve to deny access to regulated stablecoin issuers until they can demonstrate safe operations. Additionally, the banking industry has expressed concerns about the "streamlined account" proposal, believing it lacks safeguards against run risks posed by new types of companies. Currently, companies such as Circle Internet Group Inc. and Stripe Inc. are seeking to bypass partner banks through this proposal. Previously, President Trump signed the Genius Act in July 2025, but the regulatory framework for stablecoin operators has yet to be finalized.
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