One of the first towns in the US to ban Bitcoin mining for 18 months is considering another temporary moratorium extending to data centers and other crypto mining operations. The town of Plattsburgh in New York state held a public hearing to discuss a temporary land use moratorium for operations including AI data centers and crypto mining. In a Thursday hearing, Plattsburgh Mayor Wendell Hughes and the common council heard from members of the public about a law proposed to impose a short-term ban on land use related to “certain high energy computing facilities,” including cryptocurrency mining and artificial intelligence. The moratorium, if passed, would halt approvals for operations requiring 300 or more kilowatts (kW) for 12 months. As of Tuesday, reports signaled that the mayor had not approved the moratorium. The council is scheduled to hold another meeting on Sept. 17. Read more
Former Franklin Templeton digital asset executive Christopher Jensen will lead StablecoinX, the largest corporate holder of Ethena’s ENA token. StablecoinX appointed former Franklin Templeton digital asset executive Christopher Jensen as CEO, putting him in charge of the largest corporate holder of Ethena’s ENA token. Jensen succeeds Ted Chen, who led StablecoinX through its public listing in June and will remain chairman of the company’s board. StablecoinX, which trades on Nasdaq under the ticker USDE, is a publicly listed company focused on the Ethena ecosystem. Ethena issues USDe, a synthetic dollar that ranks as the fifth-largest stablecoin with nearly $4.4 billion in circulation, according to DefiLlama data. ENA, Ethena’s governance token, gives holders voting rights over changes to the protocol. Read more
Bybit added USDT-settled perpetuals tracking EUR/USD, GBP/USD and USD/JPY, with 24/7 trading and leverage of up to 100x. Dubai-based crypto exchange Bybit has launched USDT-settled perpetual contracts tracking three major foreign currency pairs, adding FX to its growing lineup of traditional finance derivatives. The contracts cover EUR/USD, GBP/USD and USD/JPY, tracking movements in the underlying currency pairs without giving traders ownership of the currencies themselves. They have no expiration date and offer leverage of up to 100x. Profits and losses are settled in USDT, with trading available around the clock, including when underlying FX markets are closed. Read more