The state representative introduced similar legislation shortly after taking office in 2025, but the bill was deferred and not signed into law. A member of South Dakota’s House of Representatives has introduced another bill that would allow the US state to invest in Bitcoin about a year after similar legislation was deferred. Representative Logan Manhart introduced the Bitcoin (BTC) reserve bill, HB 1155, on Tuesday in South Dakota’s legislature. The legislation had only minor changes from a bill the lawmaker sponsored in 2025, by amending the state’s code to allow the State Investment Council to invest up to 10% of public funds in Bitcoin. “Strong money. Strong state,” said Manhart in a Tuesday X post announcing the bill. Read more
If approved, the move would let the company bypass state-by-state licensing and offer federally regulated crypto trading without taking deposits. Laser Digital, a full-service digital asset company backed by Japanese financial group Nomura, has reportedly filed for a US national bank trust charter, signaling that crypto-focused companies are seeking deeper integration into the US financial system amid a more permissive regulatory environment. Citing sources familiar with the matter, the Financial Times reported Tuesday that Laser Digital had submitted its application to the Office of the Comptroller of the Currency (OCC). The charter would allow the company to operate at the federal level without applying for state-by-state custody licenses. The company plans to offer spot trading for digital assets but does not intend to take customer deposits, the report said. Read more
Rising Ethereum layer-2 activity and a notable bump in network fees may be an early sign that ETH is on the verge of a recovery. Key takeaways: Ethereum reached 16.4 million weekly transactions, proving fees can stay below $0.20 during high demand. Decentralized exchange volume across the Ethereum ecosystem hit $26.8 billion, signaling a return of investor interest. Read more
The predictions market platform announced two new hires related to state policy efforts and relations with the federal government. Predictions market platform Kalshi said it will open an office in Washington, D.C., and hire “talent from both sides of the aisle” as part of the company’s efforts to expand its US footprint. In a Monday notice, Kalshi said it had hired former Biden administration official John Bivona as the prediction market’s head of federal government relations, and Blake Bee, a former Amazon senior manager of state and local public policy. The move came as many bets on prediction markets such as Kalshi and Polymarket are under scrutiny by US federal lawmakers and state officials. Read more
The integration underscores how privacy-first networks are adapting to a stablecoin-dominated crypto economy. Circle has introduced a privacy-focused version of its USDC stablecoin on Aleo, highlighting a broader push by privacy-oriented blockchains to gain access to regulated, dollar-backed assets as demand for onchain privacy tools grows. Circle and Aleo announced Tuesday that USDCx on Aleo is now available via Circle’s xReserve, a reserve-backed issuance model that allows USDC (USDC) to be represented on additional blockchains without relying on third-party bridges. USDCx on Aleo is fully backed by USDC held in xReserve and is interoperable with USDC across other supported networks, including Ethereum and several major layer-1 and layer-2 blockchains where USDC is natively issued. Read more
The crypto payments company plans to expand its network across Latin America, Asia and Europe following the latest funding round. Mesh, a San Francisco–based crypto payments infrastructure company, raised $75 million in a Series C funding round led by Dragonfly Capital, bringing its total funding to more than $200 million and valuing the company at $1 billion. The round included participation from Paradigm, Moderne Ventures, SBI Investment, Coinbase Ventures and Liberty City Ventures, according to an announcement on Tuesday. Mesh said a portion of raised funds was settled using stablecoins rather than traditional banking rails. Mesh will use the funds to expand its crypto payments network across regions including Latin America, Asia and Europe, and to support product development. Read more