Russia is set to introduce a comprehensive framework for crypto in July, which is one of the most organized efforts by Russia to regulate cryptocurrencies. The government is working to ensure that all crypto-related activities are regulated within a legal framework and do not operate in a gray zone. This
Sony has now made a follow-on investment in Startale Labs, solidifying its vision for Web3 as the Soneium mainnet is on the cusp of launch. This is indicative of the fact that entertainment giants are now considering Web3 as a fundamental infrastructure component and not a side project. The institutional
Rodeo has announced it will shut down operations, becoming the second NFT-focused platform to close within the same week. This decision shows the ongoing challenges in the digital collectibles sector, where declining trading volumes and reduced user activity are pressuring business models. The broader market is already showing signs of
Polymarket has signed a multi-year exclusive partnership with Major League Soccer (MLS), which is a major step in the integration of sports and on-chain prediction markets. The partnership makes Polymarket the official prediction market partner of MLS, enabling fans to participate in the outcomes of the league through blockchain prediction
Aave, the decentralized finance giant, has transferred the responsibility of managing the social infrastructure protocol Lens to Mask Network, delegating consumer-facing execution while moving back to an advisory role that focuses on the infrastructure of the protocol. This marks a new strategy for Aave, which now wants to focus on
Solana Mobile has begun distributing its long-awaited SKR token, a major milestone in the company’s effort to connect crypto incentives directly with mobile hardware adoption. The airdrop went live Tuesday at 9:00 pm ET, kicking off the token’s role as the economic and governance backbone of the Seeker smartphone ecosystem,
A Hong Kong securities industry group has pushed back against key parts of the city’s proposed regulatory framework for virtual asset management, warning that the plan could discourage traditional asset managers from gaining exposure to cryptocurrencies. In a Tuesday submission to regulators, the Hong Kong Securities and Futures Professionals Association
X is on the verge of introducing a new feature known as Smart Cashtags, aimed at eliminating ticker confusion and streamlining user conversations about stocks and cryptocurrencies on the platform. This is a rather sensitive time for the platform, given the increased enforcement by the Digital Service Act in Europe
Polymarket has introduced trading fees, marking a significant shift in its business model as it expands beyond niche prediction markets into more mainstream crypto trading. The platform confirmed that it has begun charging fees on its short-duration cryptocurrency price markets and on its Polymarket US app, which is currently available
China releases its widest-ranging crackdown to date on real-world asset (RWA) tokenization, designating it as an illicit and high-risk business while now applying it to all RWA projects, both overseas and offshore with any connections to China. This is expected to severely limit any RWA projects related to Bitcoin and
