The small-cap holding company is betting on Ethena’s ENA governance token, aiming to capture yield from synthetic stablecoin USDe. Mega Matrix, a publicly traded holding company that has shifted into digital assets, filed a $2 billion shelf registration with the US Securities and Exchange Commission (SEC) to fund a stablecoin-focused treasury strategy, underscoring how more firms are experimenting with digital asset reserves. The funding is aimed at the Ethena stablecoin ecosystem, with proceeds directed toward accumulating the protocol’s ENA (ENA) governance token. Mega Matrix said the move is designed to give the company exposure to revenue generated by Ethena’s synthetic stablecoin, USDe, while also securing influence over the protocol’s governance. In SEC terms, a shelf registration is a regulatory filing that lets a company register securities for future issuance, allowing it to sell portions of its stock over time rather than all at once. Read more
What is India’s levy crypto tax, and how does it apply across various types of transactions, such as trading, selling or spending your crypto? For the financial year 2024-2025, Indian tax law treats cryptocurrencies as virtual digital assets (VDAs) under the Income Tax Act, 1961. Section 2(47A) spells out what that means: Any code, number, token or piece of information created through cryptography counts as a VDA. The only exception is money itself — Indian rupees or any other country’s fiat currency. VDAs include cryptocurrencies like Bitcoin (BTC) and Ether (ETH), as well as non-fungible tokens (NFTs) and similar digital tokens. While it is legal to buy, sell and hold VDAs, they are not recognized as valid payment methods. Read more
XRP long-term holders show less conviction than in 2017, with sentiment now more similar to a 2021-style market top. Key takeaways: Unlike 2017, long-term XRP holders have already shifted from euphoria into doubt. The XRP/BTC pair remains 90% below its 2017 peak and is stuck in a distribution zone. Read more
1Money secured 34 U.S. money transmitter licenses and a Bermuda Class F digital asset license to launch stablecoin orchestration services. 1Money, a company building a layer-1 blockchain for stablecoin payments, has secured 34 US money transmitter licenses and a Class F digital asset business license from the Bermuda Monetary Authority. According to a Thursday announcement, the company plans to launch global “stablecoin orchestration services” through its regulated entities. It aims to provide stablecoin infrastructure, including a dedicated layer-1 protocol, orchestration services and a full suite of compliant fiat solutions. 1Money says its regulated footprint enables it to support both stablecoin and real-world asset (RWA) issuers. Its customers would be allowed to mint stablecoins and RWA tokens and connect them with the traditional banking system. Read more
RWAs may bring billions in climate investments onchain by offering a new blockchain-based “trust” layer for institutional investors. Tokenized assets are emerging as a blockchain-based trust layer for institutional investors targeting sustainable market opportunities, signaling a potential influx of capital onto blockchain rails. Real-world asset (RWA) tokenization refers to financial and tangible assets minted on a permanent blockchain ledger, offering benefits such as fractional ownership, wider investor access and 24/7 liquidity. According to Corey Billington, co-founder and CEO of tokenization infrastructure firm Blubird, tokenized RWAs offer a tamper-proof trust system that is absent in traditional finance and climate finance. Read more
Michael Saylor’s Bitcoin fortress faces Peter Thiel’s Ether agility. Two giants, two treasuries — who’s making the smarter bet? Peter Thiel has quietly established a large footprint in crypto treasuries by backing companies that invest in Ethereum. This approach gives him significant indirect exposure to the cryptocurrency’s growth while staying aligned with his broader venture capital strategy. Peter Thiel, best known as the co-founder of PayPal and Palantir, approaches crypto exposure through an indirect path. Instead of simply buying Ether (ETH) on balance sheets like Saylor does with Bitcoin (BTC), Thiel’s play is to take significant stakes in companies that transform themselves into Ether-treasury vehicles. This method gives him exposure to ETH’s upside while embedding his capital in firms that can rally markets. Read more
Regulations, hype cycles and pie-in-the-sky promises have scuppered blockchain city projects across the globe... but one has succeeded. The blockchain industry has long strived to build its “city on a hill” — idealistic communities where blockchain provides a foundation and code is law. But they’ve not always panned out, as regulations, unrealistic expectations and other factors often make them dead on arrival. For several years, idealistic, would-be founders have strived to build communities on blockchain. Some of these projects have been more grounded, using blockchain as a means of land registry, while others sought to build entire cities that would run solely on blockchain and crypto. One of the most recent — and perhaps controversial — examples is US President Donald Trump’s alleged plan to build a “Gaza Riviera” in the embattled territory that would incorporate a token into its fundraising and property investment model. Read more
From Cyprus to Afghanistan, crypto has shown its value in times of crisis. Now, with Washington rewriting the rules, the industry faces its most decisive moment. For over a decade, skeptics have dismissed crypto as little more than speculation. Still, moments of crisis keep testing that assumption, and in many cases, Bitcoin has delivered where traditional systems failed. This week’s episode of the Clear Crypto Podcast, brought to you by StarkWare and Cointelegraph, explores how Bitcoin’s real-world utility is unfolding and why the US regulatory environment could make or break the industry. Back in 2013, when the EU bailout threatened to push Cyprus out of the euro, ordinary people began looking for alternatives. “The people of Cyprus started buying Bitcoin as a safe haven during that time,” said Digital Chamber founder and chair Perianne Boring. Read more
ChatGPT’s “memory” function might explain how the bot was persuaded to ignore its own safety guardrails in a murder case and a suicide. AI Eye Two tragic cases linking ChatGPT to a murder and a suicide came to prominence this week, with attention turning to how extended conversations and persistence of memory can build to get around the guardrails OpenAI has attempted to build into its models. Users appear able to unwittingly jailbreak the LLM, with potentially tragic consequences. OpenAI has promised improved guardrails, but some experts believe the answer may lie in making chatbots behave less like humans and more like computers. History has been made with the first documented instance of ChatGPT being implicated in a murder. Read more
ChatGPT’s “memory” function might explain how the bot was persuaded to ignore its own safety guardrails in a murder case and a suicide. AI Eye Two tragic cases linking ChatGPT to a murder and a suicide came to prominence this week, with attention turning to how extended conversations and persistence of memory can build to get around the guardrails OpenAI has attempted to build into its models. Users appear able to unwittingly jailbreak the LLM, with potentially tragic consequences. OpenAI has promised improved guardrails, but some experts believe the answer may lie in making chatbots behave less like humans and more like computers. History has been made with the first documented instance of ChatGPT being implicated in a murder. Read more
Outgoing CFTC Commissioner Kristin Johnson said prediction markets pose risks to retail investors, and slammed companies exploiting license loopholes for event betting. Outgoing Commodity Futures Trading Commission (CFTC) Commissioner Kristin N. Johnson warned that prediction markets pose increasing risks to retail investors. She cited a lack of oversight and regulatory clarity as primary concerns. In her farewell public address on Wednesday, Johnson voiced concern that some market participants are offering leveraged prediction market contracts to retail investors without clear regulatory boundaries. “As of today, we have too few guardrails and too little visibility into the prediction market landscape,” she said in a farewell speech at the Brookings Institution. “There is an urgent need for the commission to express in a clear voice our expectations related to these contracts,” she added. Read more