Lummis: Crypto Will Erupt as Big Issue in Senate Races Including Banking Chair Brown’s U.S. Senator Cynthia Lummis (R-Wyo.) said that the high-stakes Ohio election that could decide both the Senate majority and the leadership of the Senate Banking Committee is likely to dig into cryptocurrency issues, and she encouraged industry insiders to make sure it does.

Solana-Based Zeta Markets Debuts Governance Token Z The launch of governance token is part of a broader strategy that involves plans to release Solana’s first layer 2 scaling solution, Zeta Markets said in the press release.

Key Congressman McHenry Is Bullish U.S. Stablecoin Law Will Pass This Year The window is narrowing for legislation to set up rules for stablecoin issuers in 2024, but the retiring chairman of the House Financial Services Committee says it can be done.

First Mover Americas: BTC Drops to $70K, TON Rallies The latest price moves in bitcoin (BTC) and crypto markets in context for April 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Pompliano, Ex-Journo Melinek Spin Up ‘Token Relations’ Startup for Blockchain Firms The media startup will offer a “third bucket” of information to crypto startups’ stakeholders.

Bitcoin Supply Inactive for a Year Slides to 18-Month Low of 65.8% The decline likely represents profit-taking by investors who held coins for one year and over and marks a shift from the holding strategy seen through 2023.

Stablecoins Are Seeing Adoption as a Cross-Border Settlement Mechanism: Bernstein Solana is leading the field in blockchain payments, but the network has scalability issues, the report said.

Fantom Cofounder Mulls Idea for ‘Safer’ Meme Coins Fantom’s Cronje is the latest in a line of blockchain teams that are open to directly engaging with memecoins.

Crypto.com Obtains Full Dubai Operational License Singapore-based crypto platform Crypto.com has received full operational approval from Dubai’s Virtual Assets Regulatory Authority (VARA) for its local entity, CRO DAX Middle East FZE.

Bitcoin Layer 2 Mezo Emerges From Stealth With $21M Raise Led by Pantera Mezo is a permissionless Bitcoin economic layer that uses a neutral smart contract infrastructure to offer a wide range of applications.

Financial Stability Study Calls for Consistent Regulatory Response to Stablecoins Countries have varying definitions and categorizations for stablecoins that may pose a risk to financial stability, the report by the Financial Stability Institute said.

Metaplanet Shares Soar as Japanese Firm Mimics MicroStrategy on Bitcoin Buying Metaplanet began as Red Planet Japan, a budget hotel operator, before pivoting to become a Web3 developer.

Solana Meme Coin Generator Pump on Track for $66M Yearly Revenue The tool has made over $5 million since going live in early March, with thousands of tokens issued daily.

Filecoin Liquid Staking Platform STFIL Claims Team Members Under Investigation by Chinese Police Tokens on the platform were moved to an “unknown, external address” last week while its team members were under detention.

BCB Group Moves Custody of Digital Asset Operations to Metaco’s Platform The move will allow the crypto payments firm to consolidate its custody technology.

Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says The crypto market faces the U.S. tax season liquidity test around the time Bitcoin’s blockchain implements the fourth mining-reward halving on April 20.

Ether Rallies to $3.6K as Bitcoin Holds Steady at $71K Liquid staking tokens like Lido, Rocket Pool, and ether.fi follow ether’s gains.

South Korea’s April 10 Election: What’s at Stake for the Crypto Universe On April 10, 2024, South Korea is heading into its legislative polls which will see multiple parties and coalitions battle it out for 300 seats in the national assembly and political analysts say it will be difficult for either party to get a majority, making any group of voters, including crypto enthusiasts, significant.

Crypto Trader Eisenberg’s $110M Fraud Trial to Put DeFi Under Microscope The two-week trial will test the government’s strategy of portraying complex crypto trades as simple fraud.

Stablecoin Growth Is More Important Cue for Crypto Bull Market Than Bitcoin ETF Inflows: Analyst Rapidly expanding stablecoin supply shows that “fiat money is being moved into crypto at an accelerated pace,” 10x Research’s Markus Thielen said.