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Kraken Expands Xstocks To Tron, Boosting Access And Defi Trading
GameFi Guides

Kraken Expands xStocks to Tron, Boosting Access and DeFi Trading

by admin August 20, 2025



Tokenized stocks are racing into the spotlight, and Kraken is moving fast to stay ahead. On Wednesday, the exchange announced it is expanding its xStocks product onto the Tron blockchain. Through a partnership with TRON DAO and tokenization startup Backed, Kraken is now rolling out tokenized versions of popular equities like Apple, Nvidia, and Tesla across three major blockchains in less than two months.

Unlike conventional shares, these tokenized assets function as debt instruments for compliance, meaning holders cannot exercise governance rights. However, investors still gain fractional ownership, 24/7 trading, and DeFi integration.

Growing Multi-Chain Support

Kraken co-CEO Arjun Sethi highlighted the rapid expansion, saying, “Expanding xStocks to three blockchains in under 60 days shows what’s possible when you design for openness from the start.” 

The platform already links with Solana’s Kamino, Raydium, and Jupiter, as well as BNB Chain’s PancakeSwap and Venus Protocol. By deploying TRC-20 tokens on Tron, Backed ensures full 1:1 asset backing while allowing deposits and withdrawals directly within the Tron ecosystem.

“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain,” added Justin Sun, founder of Tron, emphasising the wider picture. He said that greater accessibility for users globally could allow for efficiency and inclusivity for investors who were previously excluded.

Tron Sentiment and Market Impact

In the meantime, Tron’s network has seen an increase in profitability for its holders. Recent insights from CryptoQuant reveal that one-week holders have enjoyed a 3.8% rise. As per the chart, one-month holders have gained 10.3%, and three-month holders are leading with 31.2% profit. 

Notably, with $6.6 billion locked up, Coinbase’s Base network recently overtook Tron in the DeFi rankings, showing extreme competition on several ecosystems. “Base is doing a great job promoting native lending and borrowing protocols,” a spokesperson for DeFi lender Morpho, the biggest DeFi protocol on Base with over $2.5 billion in deposits, said.

Tokenized equities are changing access to financial markets. Kraken’s move into Tron indicates rising interest in blockchain-based stocks and hints at a closer relationship between crypto and traditional assets.

Also Read: TRM Labs Launches Beacon Network with Top Exchanges Onboard



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1 Million SOL Leaves Binance in Surprising Buy Activity, Are Solana Whales Back?
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1 Million SOL Leaves Binance in Surprising Buy Activity, Are Solana Whales Back?

by admin August 20, 2025


  • What does this whale know?
  • SOL price outlook

The crypto market is severely down but whales have remained bullish on Solana. 

On August 20, a large crypto transaction involving 1,000,000 SOL was spotted leaving the world’s largest crypto exchange Binance, according to data provided by Whale Alert.

The transaction, which involved massive amounts of SOL worth over $181 million, happened during the mid-hour of the day, sparking discussions across the crypto community.

While the large transfer was made from a Solana cold wallet, the data shows that the destination of the transfer was unidentified by the tracker, suggesting a possible buy activity from a high-profile investor.

The receiving Solana wallet appears to have been recently created, as the first transaction carried out on the wallet happened 14 days ago, on August 7.

What does this whale know?

Although the reason behind the transfer was not stated, all indications from the transfer point to an attempt to buy the asset in large quantities. Notably, large amounts of cryptocurrencies leaving a major crypto exchange like Binance have often been traced to major buy activities from whales.

While the massive crypto transfer came at a time when the crypto market is experiencing a severe bloodbath, comments have suggested that a high-profile investor or an institution might have made the move to stack up on the asset at a lesser price and maximize profits.

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Apart from its anonymous nature, which has stirred curiosities among market participants, it is uncommon for such large amounts of tokens to be moved in attempted buy activities at a time like this when the crypto market is experiencing a heavy downturn.

Nonetheless, bullish moves like this have fueled hopes among relenting investors that something big might be coming, which the whale appears to be preparing for.

SOL price outlook

After falling as low as $179 on August 20, the price of SOL has seen a sharp rebound, rapidly switching to the green zone on the same day.

According to data from CoinMarketCap, SOL has surged sharply to $184 as of press time, reflecting a price increase of 3.48% over the last day.

Source: CoinMarketCap

With this sudden rebound in SOL’s price, investors’ enthusiasm have been reignited, and more large transfers like this are expected to push the token for more rally.



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HBAR/USD (TradingView)
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HBAR Tumbles 3% as Institutional Investors Exit Positions

by admin August 20, 2025



Hedera Hashgraph’s HBAR token faced heavy selling pressure during a volatile 23-hour stretch between August 19 at 15:00 and August 20 at 14:00, sliding 3% from $0.24 to $0.23.

The token traded within a tight $0.01 band, marking a 4% spread between its session high and low, as traders adjusted exposure across alternative digital assets. Analysts highlighted the $0.24 level as a key point of resistance, where buying momentum faded and downward pressure intensified.

The most pronounced activity came during the final hour of trading on August 20, when volumes surged to 85.82 million HBAR.

Market observers noted that the token tumbled to $0.23 before staging a modest recovery into the close, a pattern that underscored the elevated volatility. The heavy turnover during this window suggests sellers were dominant, creating short-term weakness and testing key support levels.

Between 13:45 and 14:06, more than 3.8 million tokens changed hands, coinciding with the sharpest part of the decline. Prices briefly dipped to session lows before bouncing, as buying interest re-emerged to stabilize the market.

By the final minutes, HBAR recovered enough to close near $0.23, signaling that while downside risks remain, short-term support is holding for now.

HBAR/USD (TradingView)

Technical Indicators Analysis
  • Token declined 3% from opening price of $0.24 to closing price of $0.23 over 23-hour institutional selling period.
  • Trading range of $0.01 represents 4% spread between absolute session high and low.
  • Resistance level established around $0.24 where institutional buying interest diminished significantly.
  • Support level emerged near $0.23 with retail buying providing technical floor.
  • Elevated volume of 85.82 million during final hours confirms institutional distribution patterns.
  • Volume exceeded 3.8 million during peak selling period between 13:45-14:06 indicating coordinated liquidation.
  • Final 14 minutes showed technical recovery from $0.23 support level suggesting retail buying interest.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Monero Eyes ‘Detective Mining’ Defense After Qubic Attack

by admin August 20, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Monero (XMR) developers and pool operators are weighing a swift, software-level response to last week’s hashrate shock after the Qubic mining pool claimed it had briefly dominated the network and triggered a six-block reorganization. Former Monero lead maintainer Riccardo Spagni proposed deploying “detective mining,” a pool-side strategy he says can neutralize selfish-mining attacks without a hard fork. “A proposal to make Monero completely resilient to selfish-mining attacks, no protocol changes needed,” Spagni wrote, linking to a new Monero Research Lab issue that outlines the approach.

Qubic’s campaign culminated on Aug. 12 with public statements that it had surpassed 51% of Monero’s hashrate and “successfully reorganiz[ed] the blockchain,” part of what the project billed as a live “51% takeover demo.” Qubic itself characterized its method as “selfish mining,” a tactic that can win outsized rewards with as little as “33–40%” of hashrate, not necessarily a full majority.

Risk controls kicked in across the industry. Kraken posted a status notice in mid-August that it had paused XMR deposits “after detecting that a single mining pool has gained more than 50% of the network’s total hashing power,” keeping trading and withdrawals open while it monitored network integrity. The pause underscored how even short-lived reorganizations—Monero targets two-minute blocks, making six blocks roughly twelve minutes—can force exchanges to reassess confirmation policies.

Not everyone accepted Qubic’s framing. Analysts at the RIAT Institute argued “no 51% attack has happened,” citing data suggesting Qubic’s peak contributed far less than a true majority and noting that a six-block reorg is insufficient proof of sustained control capable of reversing fully confirmed transactions.

Detective Mining Could Shield Monero

Spagni’s “detective mining” proposal seeks to collapse the advantage of any pool attempting selfish mining by exploiting information already exposed in pool job messages. In pooled mining, Stratum job payloads include the previous block hash (“prevhash”). A detective miner (or a pool running a “sensor” proxy) subscribes to competing pools’ job streams; when a leaked prevhash doesn’t match the public tip, the pool immediately builds and broadcasts a valid child on top of the attacker’s hidden parent, forcing the selfish miner to reveal or lose its private lead. Because this operates entirely at the pool/Stratum-proxy layer, it requires “no consensus or protocol changes,” making it deployable on today’s Monero stack.

The economics are the point. Spagni’s summary of the underlying Lee–Kim model (2019) claims that if roughly half of network hashrate (i.e., the largest pools) adopt detective mining, the selfish miner’s break-even threshold jumps into the ~32–42% range depending on tie-breaking assumptions—eroding the attack’s profitability and, with wider adoption, wiping it out across tested splits. That is a materially higher hurdle than the classical Eyal–Sirer result, under which selfish mining can be profitable around one-quarter to one-third of hashrate.

Spagni’s issue also anticipates adversarial counter-moves. It recommends quorum-based detection from multiple sensors, short “grace windows” before diverting hashrate, and share-submission checks to defeat decoy jobs—all with rate limits and telemetry to tune false-positive risk. These are pragmatic pool-operator playbooks rather than protocol-level rules, aligning with Monero’s preference to harden incentives and operations before touching consensus.

For Monero, the next steps will be social as much as technical: major pools would need to ship and enable detective-mining logic for the defense to bite at the modeled thresholds. As of Aug. 19, the idea is a public proposal under active discussion rather than an adopted standard. But after a week in which a single pool’s campaign produced a measurable reorg and exchange-level mitigations, the path of least friction—pool software updates that raise the cost of selfish mining—has quickly become the center of gravity for the project’s short-term response.

At press time, XMR traded at $268.

XRP holds above the 0.382 Fib, 1-week chart | Source: XMRUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 20, 2025 0 comments
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GameFi Guides

Morning Minute: Ghost Month Returns – Will Bitcoin Buck the Trend?

by admin August 20, 2025



Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.

GM!

Today’s top news:

  • Crypto majors are red again, down another 2%; BTC at $113,200
  • Wyoming introduces its stablecoin FRNT, first-ever from a public entity
  • Goldman Sachs says stablecoin market will hit trillions
  • Bullish holds $1B+ in stables after receiving them via IPO
  • Robinhood partners with Kalshi for NFL prediction markets

👻 Ghost Month Returns: Will Bitcoin Buck the Trend?

Ghost Month begins in 3 days.

And historically, that’s been bad news for Bitcoin.

📌 What Happened

The 7th lunar month, known as Ghost Month, kicks off this weekend (Aug 23 – Sep 20).

In many Asian cultures, it’s a time when spirits are believed to roam the earth – and when investors traditionally avoid making big financial moves.

This superstition has bled into markets, and the data backs it up:

  • Since 2015, Bitcoin has averaged a -12% return during Ghost Month.
  • Some of the worst selloffs came in 2017 (-39.8%) during China’s ICO ban, and in 2021 (-23%) following the mining crackdown.
  • Even in bull years, like 2019 and 2024, the pattern held: mid-month drawdowns of 12-19% before late recoveries.
  • On average, trading volumes dip in Asia, liquidity thins, and volatility spikes.

So far in 2025, Bitcoin has already slid about 10% from its $124K peak, with open interest dropping sharply. And notably, it’s sold off during the Korean open (~7 pm ET) every day this week.

📝 By The Numbers

Here’s a year-by-year breakdown of Bitcoin’s performance during Ghost Month since 2015.

Bitcoin has averaged -12% during Ghost Month over the past 10 years

Yeah – it’s not great.

🧠 Why It Matters

Of course, past performance is not representative of the future.

But… a 10-year sample size with similar outcomes seems telling.

The wildcard this year – Powell speaks at Jackson Hole just a day before Ghost Month kicks off.

If he signals rate cuts are coming in September, then this might be the best Ghost Month in Bitcoin’s history.

If he’s overly hawkish – there’s a good chance Ghost Month plays out.

That means choppy price action and more dips.

But there’s also a silver lining.

History suggests that while Ghost Month often delivers pain in the short term, it can also set the stage for powerful rebounds once sentiment clears (i.e. 2017 and 2021).

So these Ghost Month dips are for buying.

Now let’s just hope things don’t get too spooky…



🌎 Macro Crypto and Memes

A few Crypto and Web3 headlines that caught my eye:

  • Crypto majors were red again on the day; BTC -2% at $113,200, ETH -3% at $4,175, XRP -5% at $2.87, SOL -2% at $179.
  • OKB (+2%) and PUMP (+2%) led top movers.
  • The State of Wyoming launched its Frontier Stable Token (FRNT), the first stablecoin ever issued by a U.S. public entity.
  • Anthony Scarmucci announced that SkyBridge Capital will tokenize two of its funds on AVAX.
  • Goldman Sachs stated that the market for stablecoins is in the trillions.
  • Air Canada’s Pension Fund disclosed a $161M BTC position.
  • Trump Jr.-backed crypto treasury firm Thumzup is acquiring Dogehash Technologies, aiming to merge into a large-scale Dogecoin‑Litecoin mining operation.
  • Bullish holds $1.15 B in stablecoins after receiving IPO funds via stables (instead of fiat) primarily in USDC on Solana and RLUSD on the XRP Ledger.
  • Robinhood listed SUI for trading.

In Corporate Treasuries

  • Sharplink acquired 143,593 ETH in the past week at an average of $4,648, now holding 741k in total.
  • David Bailey’s Nakamoto announced 5,744 BTC ($679M) purchased at an average price of $118,204.

In Memes

  • Memecoin leaders are red on the day; DOGE -3%, Shiba -3%, PEPE -4%, PENGU -8%, BONK -4%, TRUMP -3%, SPX -3%, and FARTCOIN -4%.
  • LIGHT dropped 12% to $100M market cap as revenue came in at just $200k on the day (2nd behind PUMP’s $1.2M).

💰 Token, Airdrop & Protocol Tracker

Here’s a rundown of major token, protocol and airdrop news from the day:

🤖 AI x Crypto

Section dedicated to headlines in the AI sector of crypto:

  • Overall market cap down 1% to $12.5B, leaders were red.
  • FARTCOIN (-4%), VIRTUAL (-3%), TIBBIR (-3%), ai16z (-3%) & VVV (+1%).
  • MIRAI (+14%), Project89 (+13%) and Nuit (+10%) led top movers.

🚚 What is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

  • ETH NFT leaders were mostly green; Punks -3% at 47.4 ETH, Pudgy +1% at 12.44, BAYC +1% at 11.4 ETH.
  • Meebits (+10%) and Yumemono (+18%) were notable top movers.
  • Bitcoin NFTs were mostly red or even; OMB +5%.
  • Abstract NFTs were mostly red, led by BUUMEE (+56%).

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



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why $0.35 support can spark a reversal
GameFi Guides

why $0.35 support can spark a reversal

by admin August 20, 2025



Pi Network price has been locked in a prolonged downtrend, but price action is now pressing into a major high-timeframe support at $0.35. A potential double-bottom structure and early signs of accumulation could pave the way for a rebound toward $0.70.

Summary

  • Price consolidates at $0.35–$0.33 support with potential double-bottom formation.
  • Point of Control and 50-day MA must be broken to confirm reversal.
  • Uptick in bullish volume suggests early accumulation phase.

Pi Network’s (Pi Network) token continues to trade within a clear bearish structure, marked by consecutive lower highs and lower lows. However, the market may be approaching a critical turning point as price consolidates around the $0.35–$0.33 support zone, which aligns with the value area low. This level has held through multiple retests, suggesting the potential for a bottoming structure to form if buyers step in with conviction.

Key Technical Points

  • $0.35–$0.33 Support Zone: High-time frame support and value area low holding firm.
  • Potential Double Bottom: A bounce from support may form a reversal base.
  • Point of Control Resistance: A breakout above this level is needed to confirm a higher high.

PINETWORK (1D) Chart, Source: TradingView

From a structural perspective, this is a prime location for Pi Network to carve out an accumulation phase. An accumulation period typically develops when price trades sideways at a key support, absorbing selling pressure before staging a breakout. Confirmation will require not only holding the $0.35 region but also breaking the ongoing downtrend by establishing a higher high above the most recent rejection point.

The 50-day moving average remains another key level to watch. Price has consistently struggled beneath this dynamic resistance since losing the value area high. A decisive daily close above the 50-day MA would be an important sign of a trend reversal, indicating that momentum is shifting back in favor of buyers.

Volume analysis also provides cautious optimism. Recent sessions have seen a notable uptick in bullish activity, though sustained above-average volume is still required to confirm strength behind the move. If accumulation persists at current levels, coupled with increased participation, the path toward $0.70 resistance becomes increasingly probable.

What to expect in the coming price action

Pi Network remains in a fragile technical state, but the confluence of support around $0.35 and emerging bullish signals hints at a possible bottoming scenario. A clean break of the downtrend and a higher high would set the stage for a recovery toward $0.70. Until then, the market is likely to consolidate in this accumulation range as buyers and sellers battle for control.



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Chamath Palihapitiya Returns With $250M Spac Targeting Ai
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Chamath Palihapitiya Returns With $250M SPAC Targeting AI

by admin August 20, 2025



Chamath Palihapitiya, former Facebook executive and once-called SPAC king, is making a high-profile return with American Exceptionalism Acquisition Corp. A, a $250 million blank-check company. 

The special purpose acquisition company (SPAC) will seek mergers in artificial intelligence (AI), decentralized finance (DeFi), energy production, or defense, according to its latest regulatory filing. 

As per the filing, the plan is to offer 25 million shares at $10 each. It will be listed under the ticker ‘AEXA’ on the New York Stock Exchange (NYSE), and Banco Santander will lead the offering. Further, Steven Trieu, Group CFO at venture firm Social Capital, has been appointed as the CEO, with Palihapitiya acting as Chairman. 

Palihapitiya, Founder of Social Capital, has invested in key startups across these sectors, including AI firm Groq, clean-energy company Palmetto Clean Technology, and defense innovator Saildrone Inc. He also backs crypto-related ventures and has been a long-time advocate of Bitcoin, blockchain, and stablecoins.

Investors are chasing high-growth sectors. CoreWeave Inc. shares have jumped 132% since March, Nvidia Corp. added $1.1 trillion in market value over the past year, and DeFi platforms like Circle Internet Group Inc. and Bullish surged after recent IPOs. Defense stocks, including Palantir Technologies Inc., soared nearly 400% in the past year.

Despite the excitement, Palihapitiya warned retail investors about the high risks, noting that five of his previous SPACs, including Virgin Galactic Holdings Inc., lost significant value post-merger.

Experts say Palihapitiya’s profile and connections could help the SPAC succeed. Louis Camhi of RLH Capital noted that “serial dealmakers like Chamath often attract investors eager for high-growth exposure.” 

Jay Ritter, finance professor at the University of Florida, added that the SPAC’s success depends on finding a quality target at a fair price.

Also Read: TeraWulf Lands $3.7B AI Data Deal with Google-Backed Fluidstack



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Ethereum Outperforming Bitcoin: Crypto Godfather Michael Terpin
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Ethereum Outperforming Bitcoin: Crypto Godfather Michael Terpin

by admin August 20, 2025


  • Ethereum prepares to outperform Bitcoin in this cycle: Twerpin
  • Spot Bitcoin ETFs reach new ATH

Michael Twerpin, one of the earliest crypto thought leaders and influencers, whom CNBC has named the “Crypto Godfather,” has addressed the community, talking about the two largest cryptocurrencies — Bitcoin and Ethereum.

In particular, Twerpin in his tweet highlighted a massive surge in Ethereum ETF inflows that have been taking place recently.

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Ethereum prepares to outperform Bitcoin in this cycle: Twerpin

Twerpin mentioned the massive inflows into spot Ethereum ETFs this August, when they reached an all-time high of $1 billion for the first time in history on Aug. 11. The Ethereum price also continues to grow; by now, it has surpassed $4,200, while Bitcoin has declined from the recent all-time high of $124,000 and is now changing hands below $114,000.

The Crypto Godfather stated that Bitcoin is consolidating, while Ethereum ETFs are increasing their holdings, calling this process “textbook cycle rotation dynamics.” He believes that financial institutions are now embracing “merge economics + DeFi yields.” And this, in his view, is a “strategic positioning for Ethereum’s relative outperformance in late Supercycle.”

Record $ETH ETF inflows while $BTC consolidates = textbook cycle rotation dynamics. Institutions front-running merge economics + DeFi yields. Strategic positioning for Ethereum’s relative outperformance in late Supercycle.

— Michael Terpin (@michaelterpin) August 20, 2025

Spot Bitcoin ETFs reach new ATH

According to on-chain data agency CryptoQuant, spot Bitcoin exchange-traded funds have hit a new historic peak in BTC holdings this week. In particular, this happened thanks to the two largest ETFs — BlackRock’s IBIT and Fidelity’s FBTC.

BlackRock & Fidelity Drive ETF Holdings to 1.25M BTC ATH

“U.S. Bitcoin spot ETFs have reached a historic milestone. As of August 17, 2025, these funds collectively hold 1.25 million BTC, the highest level ever recorded” – By @CryptoOnchain pic.twitter.com/woouD3F7sS

— CryptoQuant.com (@cryptoquant_com) August 20, 2025

The aforementioned data source has reported that, as of Aug. 17, Bitcoin ETFs hold a whopping 1.25 million Bitcoin. This is the highest level that has ever been recorded in these ETFs. A total of 1.25 million BTC is valued at $1,422,460,000 in fiat.





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Japan’s 10-year Bond Yield Hits Highest Since 2008

by admin August 20, 2025



Japan’s benchmark 10-year government bond (JGB) yield rose to a 17-year high, reflecting concerns that could spill over to bond markets across other developed economies and reduce demand for riskier assets such as cryptocurrencies and equities.

The yield rose above 1.61%, the highest since 2008. The move follows a dismal auction of the 20-year JGB on Tuesday, indicating investor concern about higher government spending and tax cuts.

Yields on longer-term debt rose to highs seen last month, with the 20-year bond hitting 2.64% and the 30-year climbing to 3.19%, according to data source TradingView.

The increases could easily spill over into U.S. Treasury notes, potentially causing a tightening of financial conditions. For years, the yields remained depressed due to the Bank of Japan’s ultra-easy monetary policy. That capped yields worldwide, especially in advanced nations.

Veteran lawmaker calls for BOJ rate hike

Veteran ruling party lawmaker Taro Kono told Reuters on Tuesday that Japan should raise interest rates and address fiscal imprudence to strengthen the weak yen, which has proven to be inflationary.

The central bank ended a massive, decade-long stimulus program last year and raised short-term rates to 0.5% in January. Since then, it has held rates steady.

Kono’s comment follows a similar remark by the U.S. Treasury Secretary Scott Bessent, who asked the BOJ to raise rates and put a floor under the yen.



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stablecoin
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Federal Committee To Review State-Level Rules

by admin August 20, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

US federal regulators are set to review state regulations of stablecoins to “even out” rules across jurisdictions under the new federal regulatory framework for the sector, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.

State-Level Stablecoin Rules To Face Federal Review

A federal committee led by the US Treasury Secretary is expected to start evaluating state-level regulatory regimes to determine whether they are similar to the federal regulatory framework under the GENIUS Act.

Following last month’s enactment of the landmark crypto legislation, the Stablecoin Certification Review, comprised of the US Treasury Secretary and the chairmen of the Federal Reserve and the Federal Deposit Insurance Corporation, is in charge of reviewing state-by-state rules and “establish broad-based principles for determining whether a State-level regulatory regime is substantially similar to the Federal regulatory framework under this Act.”

Excerpt from the GENIUS Act. Source: congress.gov

The requirement aims to level out regulatory approaches between states to make compliance by stablecoin issuers more seamless across jurisdictions, as issuers face a different set of rules and policies depending on each jurisdiction, with some states having a stricter approach to the industry while others have a more welcoming strategy.

Gavin Meyers, a financial services regulatory partner at Pierson Ferdinand LLP, told Bloomberg Law that “It creates a potential for less of a mosaic of state-by-state regulation, which kind of plagues other aspects of the financial industry,” asserting that “eliminating that barrier is a highly beneficial aspect of the committee.”

“There will be some wiggle room in states that have been more favorable to crypto generally, like Wyoming,” Meyers affirmed. Notably, Wyoming has passed over 45 pieces of crypto-related legislation since 2016, including a bill in 2023 that authorized a state commission to issue stablecoins pegged to the US dollar.

Moreover, it launched Frontier (FRNT), the US’s first state-issued stablecoin, on seven blockchains, including Ethereum, Solana, and Avalanche, on August 19. Nonetheless, “due to lingering regulatory hurdles, the token is not yet available to the public,” noted crypto journalist Eleanor Terrett on X.

The Importance Of Clear Frameworks

According to the Bloomberg Law report, the federal Committee is ready to “even out the state-by-state approach, curtailing stricter regulatory regimes or building upon permissive state frameworks.”

Rosemary Spaziani, a partner at Gibson Dunn & Crutcher LLP, told the news media outlet that “If 40 states all sign on to what the federal government does, those are going to be pretty simple rubber stamps—they’re going to adopt a model act and incorporate it into their laws,” while “the ones that deviate are probably going to be a bit of a bottleneck.”

Additionally, the companies hoping to enter the stablecoin sector will likely welcome federal oversight to avoid potential compliance issues. Meyers noted that “If you are licensed by whichever state that qualifies under the ‘GENIUS Act,’ that certification is good across the country.”

Recently, leading banking associations sent a joint letter to the US Senate Banking Committee calling for amendments to the GENIUS Act. The associations asked the lawmakers to address multiple “loopholes” in the landmark legislation, arguing that a clear regulatory framework is crucial for the digital assets market.

Among the recommendations, they urged the Committee to strengthen the prohibition on interest payments related to payment stablecoins and to repeal a section of the GENIUS Act that allows uninsured, out-of-state-chartered financial institutions to operate without the host states’ approval, which could complicate regulation.

Bitcoin’s performance in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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  • Doja Cat Fortnite Account Takeover Gets Messy After Deleted Sex Toy Post

    October 9, 2025

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Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Blatant Animal Crossing Rip-Off Somehow Lands On The PS5 Store

    October 9, 2025
  • Beloved co-operative platformer Pico Park: Classic Edition has been accidentally made free on Steam forever

    October 9, 2025

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