New data released today by market analyst Satoshi Club listed top gaming blockchains by UAWs (unique active wallets).
In other words, the data highlighted platforms that are generating top excitements in the crypto gaming sector, as discussed below.
.@BNBCHAIN is currently the top gaming blockchain by unique active wallets, with 1.62M UAW.
It leads all chains in user activity, showing steady growth and strong engagement across its gaming ecosystem. pic.twitter.com/1M3aQUbCHl
— Satoshi Club (@esatoshiclub) July 9, 2025 Top 9 Gaming Chains by UAWs opBNB According to the data, opBNB, a L2 scaling solution for the BNB Chain, is at the top of the list, meaning it is the gaming chain that currently has the largest unique active wallets.
As reported by the data, opBNB currently has 1.62 million daily unique active wallets (UAWs). It topped all gaming blockchain networks in user activity, highlighting continued growth and robust engagement across its gaming ecosystem.
Skale (SKL) Skale Network (SKL) is second on the list, with 1.09 million UAWs, representing a 2.06% increase from the past month. This growth indicates increased user confidence in this Layer-2 blockchain gaming platform.
Ronin (WRON) Ronin Network (WRON) secured the third position with 696,170 daily unique active wallets. The record shows that the Layer-1 blockchain built for gaming experienced a decrease in UAWs by 11.6% over the past 30 days.
Sei (SEI) Sei (SEI), a Layer-1 chain, clinched the fourth spot with 670,560 daily UAWs.
Wax (WAX) Fifth on the list is Wax (WAX), which currently has 215,650 daily Unique Active Wallets (UAWs), an impressive increase of 11.98% over the past 30 days. This record cements WAX as the fifth most active blockchain for gaming.
Other Top Prominent Markets Other top chain gaming networks that recorded prominent unique active wallets over the past 30 days include Immutable, Planetarium, Starknet, and Xai.
Immutable ZkEVM currently has a record of 104,510 daily unique active wallets, though a decrease by 23.92% from the last month.
Planetarium (WNCG) is on the seventh place in this list, recognized for attracting the most active wallets in the sector over the period, holding 41,770 UAWs currently.
Lastly, Starknet (STRK) and Xai (XAI) made it to this list with 28,900 UAWs and 28,510 UAWs, respectively, showcasing prominence of their blockchain gaming networks.
Latest Trends in the Growing Blockchain Gaming According to the data, the Web3 gaming landscape has witnessed substantial stability in unique active wallets, with significant increases in daily UAW and surging investment.
The data shows that customer engagement has been significantly stable over the last 30 days, with gaming remains one of the major contributors for the acceptance of crypto world.
This is an indicator that the P2E model continues to catalyse engagement and bring more people to decentralized gaming, incentivizing players with virtual currencies.
The growth of the blockchain gaming sector implies that strategic investments continue to rise, mainly pumped towards infrastructure advancement.
Lastly, another interesting observation is that L2 scaling blockchain platforms such as opBNB and SKALE are becoming popular. Since January this year, opBNB has been the leader in the gaming sector. Other prominent networks like Ronin, Sei, Wax, and Immutable maintain their traction, supported by beloved games.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.
This is a follow-up interview to a three-part series of interviews with William Quigley, a cryptocurrency and blockchain investor and co-founder of WAX and Tether, which Selva Ozelli, Esq, CPA, Author of Sustainably Investing in Digital Assets Globally, initially conducted in 2024 exclusively for Crypto.news. Part One is about Sam Bankman-Fried’s and Changpeng Zhao’s prison sentences. Part Two is about cryptocurrency and banking. Part Three is about the future of NFTs.
Summary
The GENIUS Act, signed by President Trump on July 18, establishes a new era of oversight. While it doesn’t require blockchain, the Act sets reserve, redemption, and compliance rules that could reshape global finance and let foreign issuers like Tether operate under strict conditions. William Quigley emphasizes that tokenization of the global financial system may still be slowed, as the Act enables traditional finance systems to mimic stablecoins without using blockchain. Quigley anticipates corporate finance departments of multinationals will increasingly explore stablecoin issuance, which could boost blockchain adoption indirectly. However, complex tax implications and a lack of mandatory blockchain use may limit stablecoin efficiency for global payments and slow progress toward full financial tokenization. In this follow-up interview, Selva Ozelli asks industry thought leader William Quigley about the impact of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which President Donald Trump signed into law on July 18, making it the first federal law to regulate USD-backed non-yield-bearing stablecoins. Approved by Congress, resulting in the longest vote on record on Thursday, July 17, the bill’s passage saw the digital asset industry assets surge past a $4 trillion market capitalization for the first time. The GENIUS Act, a giant step to cement the United States’ dominance of global finance and digital asset technology, imposes Federal and State oversight on USD-backed stablecoins, reserve requirements, foreign stablecoin issuers, and penalties for non-compliance, transforming realms of finance forever and making President Trump the de facto crypto president of our Nation.
But will the GENUIS Act kick-start a speedy tokenization of the global financial markets? Here is what William Quigley had to say in the following full Q&A below:
Selva Ozelli: What are your thoughts on the GENIUS Act in regard to how it may promote the tokenization of the global financial system, a topic which we discussed in Part Two of your interview series for Crypto.news in 2024?
William Quigley: The GENIUS Act has been long overdue and much needed for the tokenization of the global financial system, which includes stablecoin issuance for USD payments that will strengthen the use of USD around the world. But the Act primarily focuses on regulating the issuance and management of stablecoins, regardless of whether they are built on a blockchain or not. It provides a framework for responsible stablecoin operations. The Act does not explicitly require blockchain technology for their creation or use. The Act acknowledges that many stablecoins are already issued on blockchains.
For example, the world’s first and most used stablecoin, Tether (USDT), was originally launched in 2014 as “Realcoin” and built on the Bitcoin (BTC) blockchain utilizing the Omni Layer Protocol. Tether has since expanded to operate on numerous other blockchains as well, including Ethereum (ETH), as an ERC-20 token, Tron (TRX), as a TRC-20 token, Solana (SOL), Avalanche (AVAX), Algorand (ALGO), Polygon (MATIC), and others. This means that USDT transactions are recorded on a public, distributed ledger, enabling transparent and potentially faster transactions.
By not making the use of blockchain technology mandatory, in essence the GENIUS Act allows financial institutions to use their current digital payment systems but call it “a stablecoin“ system without using blockchain technology and allowing them to potentially charge their customers higher payment transfer fees without the payment transactions being recorded on a public, distributed ledger, enabling transparent and potentially faster transactions.
But the good news is that after eleven years since the issuance of the first stablecoin USDT, a consortium of major U.S. financial institutions is finally actively exploring and potentially developing a joint stablecoin project, driven by factors like increasing competition from existing stablecoin firms like Tether and the desire to streamline payments, whether on a blockchain or not.
I think progress towards tokenization of the global financial market was held back because, for many years, many major U.S. financial institution heads referred to Bitcoin and its underlying blockchain technology as a tool/index for money laundering and tax evasion, and they did not understand this technology.
For example, back in 2018, Larry Fink, CEO of the world’s largest asset management company, BlackRock, which rolled out a BTC ETF last year, told a panel at the Institute of International Finance: “Bitcoin just shows you how much demand for money laundering there is in the world. It’s an index of money laundering.” Fink’s sentiment about digital assets reflected that of an IRS Criminal Investigation Division official who told reporters in 2013, after concluding a multi-jurisdictional investigation and shuttering a $6 billion digital asset exchange for money laundering: “If Al Capone were alive today, this is how he would be hiding his money.”
Hopefully, now there is more understanding of blockchain technology in various global financial institutions around the world.
SO: The GENIUS Act establishes rules for reserve requirements and redemption procedures, and also prohibits USD stablecoin issuers from paying interest or yield on them, which can be facilitated by blockchain technology. How will this impact the tokenization of the global financial markets?
WQ: The GENIUS Act emphasizes transparency and auditability of reserves, which can be enhanced through blockchain technology, but does not mandate the use of blockchain technology. Furthermore, the Act prohibits stablecoin issuers from paying interest or yield on stablecoins. This means that if you hold a stablecoin regulated under the Act, you won’t earn any interest or yield simply for holding it. In essence, the Act focuses on regulating USD stablecoins as a payment mechanism rather than as an investment product.
Therefore, the Act may not necessarily speed up tokenization of the global financial markets as quickly as I had hoped for because blockchain technology could transform not only cross-border payments but also ownership of commercial bank deposits, payments, government, and corporate bonds, money market fund shares, gold and other commodities, real estate, and other assets and liabilities that are recorded on blockchains and other distributed ledgers, enabling far-reaching new functions.
SO: How will Tether, which is a foreign USDT stablecoin issuer, be impacted by the GENIUS Act?
WQ: Tether, the issuer of the stablecoin USDT, has historically been registered in the British Virgin Islands and Hong Kong. Its parent company, Tether Holdings Limited, is incorporated in the British Virgin Islands. The company established physical headquarters in El Salvador earlier this year to operate as a licensed Digital Asset Service Provider (DASP), with the CEO and co-founders relocating to El Salvador.
El Salvador has digital asset legislation called the Digital Assets Issuance Law (LEAD) addressing stablecoins as part of its broader digital asset regulatory framework. This law provides tax exemptions for activities related to digital asset development, including potential benefits for stablecoin issuance and transactions as well.
While Tether is a foreign stablecoin issuer headquartered in El Salvador, it can now offer USDT legally within the U.S. market by complying with the GENIUS Act’s foreign issuer rules.
The Act allows Foreign stablecoin issuers to operate in the U.S. under specific, strict conditions, including having a regulatory regime comparable to the U.S., registering with the OCC, and maintaining sufficient reserves in U.S. financial institutions to meet redemption demands from U.S. customers. Furthermore, the issuer’s home country must not be subject to U.S. sanctions or deemed a primary money laundering concern and must have the technological capabilities to comply with the Act’s requirements. El Salvador is not under broad U.S. sanctions and has also made progress in improving its AML/CFT framework.
Non-compliance with the Act’s provisions can lead to significant penalties, including hefty fines and even imprisonment in some cases. The Act also grants regulators the power to ban the trading of noncompliant stablecoins and impose daily fines for violations.
SO: What are your thoughts on the GENIUS Act’s impact on the potential for increased blockchain adoption by Corporate Finance Divisions of companies?
WQ: I think many large multinationals, especially customer-facing technology companies, will establish digital asset treasury departments and issue stablecoins thanks to the GENIUS Act. This could lead to wider adoption of stablecoins, and it could indirectly lead to increased use of blockchains that support stablecoin issuance. However, I want to point out Facebook’s (now Meta’s) initially named Libra project, which was subsequently rebranded as Diem, aimed to create a stablecoin for global payments and financial inclusion, dating back to 2018, which I made a video about:
Meta’s founder and CEO Mark Zuckerberg championed this Diem stablecoin project — which included members like Shopify and Uber — presenting it as a means to empower the unbanked and promote United States financial leadership. However, the initiative faced substantial regulatory scrutiny and concerns about its potential impact on monetary sovereignty, privacy, and financial stability.
Ultimately, Meta abandoned the Diem project, and its assets were sold to Silvergate Bank in early 2022. Silvergate Bank, a California-based bank catering to the digital asset industry, was shut down in March 2023 following a period of turmoil and a significant loss of customer deposits, largely due to the collapse of FTX, a major cryptocurrency exchange, which we talked about in Part One of our interview series last year.
While the Diem project itself didn’t launch from 2018 to date, it prompted legislative action, which led to the enactment of the GENIUS Act and increased mainstream and institutional recognition of digital assets.
Meta is reportedly exploring the idea of using stablecoins for creator payouts on its various social media platforms, which are used by half of the world’s population, even though innovation is difficult to foster in large companies. Despite possessing vast resources and talent, large companies, generally speaking, often face challenges in fostering innovation among their W-2 employees. However, it is essential for large organizations like Meta to overcome these hurdles to remain competitive and adaptable in a rapidly evolving digital asset and AI-driven marketplace to take advantage of the GENIUS Act and avail a stablecoin to Meta’s close to four billion creative users.
SO: Payments made with stablecoins can be subject to federal, state, sales tax, and value-added tax (VAT) depending on how they are used and the specific tax jurisdiction. Will these tax consequences to users for using stablecoin in payment transactions hinder the use of stablecoins for cross-border payments?
WQ: Stablecoins are generally subject to federal taxes in the U.S. whenever you trade, convert, or earn them as income, despite their stable value. The IRS considers them property, not currency. This means transactions involving stablecoins can trigger Federal and State tax obligations, even if the price fluctuations are minimal. This means the use of stablecoins for payments must be tracked and reported to the IRS and state tax authorities.
In the cross-border context, users of stablecoins are urged to consult tax treaties and be aware that stablecoins are not considered legal tender or currency for value-added tax purposes in many jurisdictions, including the UK. Even though stablecoins are not subject to sales tax themselves, the underlying goods or services purchased with stablecoins may be subject to sales tax or VAT, depending on the jurisdiction. This distinction has important implications for how VAT is applied.
For example, if a user uses a stablecoin to purchase a memecoin in an EU country that is characterized as a service in the EU, VAT would be generally due on the value of those goods or services, not the stablecoins themselves. VAT rules can vary significantly between countries, even within the EU.
Therefore, for users of stablecoins, it is crucial to understand the specific tax and other regulations in each jurisdiction of operation. And keep track of the costs and taxes associated with such payment transactions.
SO: The regulatory landscape for digital assets is constantly evolving. There is the proposed U.S. bill, The Digital Asset Market Clarity Act of 2025, often referred to as the CLARITY Act, aiming to clarify the regulatory landscape for digital assets, which we talked about in Part Three of our interview series back in 2024. May I reach out to you for your thought leadership if and when this legislation is signed into law?
It's been a week since the major crash in the cryptocurrency market. Following this decline, some investors are exiting the market, while others are searching for potential dips.
At this point, cryptocurrency analysis platform Santiment announced that there was exceptionally high and low activity in some altcoins.
At this point, Santiment noted that altcoins currently experiencing high on-chain volatility could be a great buy signal considering that almost all of the cryptocurrencies have been trending back over the past week.
Santiment analysts stated that, according to the shared table, altcoins shown in dark red are networks with high activity, while those in dark blue are networks with low activity.
Accordingly, the networks with the highest activity were ranked as follows:
FTX Token (FTT) WAX PAX Gold Origintrail Synthetix Euler XYO YFI Status Bounce The altcoins with the lowest activity were listed as follows:
Multi Collateral DAI (On BNB) Nexus Mutual Rocketpool Lido DAO Maker Staked Ethereum MX Token Clearpool USDD Chromia Lastly, when a token is hot (i.e., seeing high network activity), a recovery is likely. If its price is outperforming the market, a correction is very likely. However, if its price is underperforming (i.e., falling along with the rest of the market), this is a buy signal.
Conversely, if a token is cold, meaning it sees low network activity, it is likely to see the same direction.
📊 Buy the dip opportunities are arising after a week of crypto decline. The coins seeing…
WAX RNG is introducing an updated staking and throughput model designed to make randomness requests fairer under load, easier to sponsor, and smoother for bursty traffic. This evolves the economics you saw in the v3.0 rollout while keeping your integrations unchanged.
TL;DR — What’s changingCPU-style token bucket for the free tier: credits refill every second and accumulate up to a burst window (default 1 hour). Your dApp’s free rate scales with its stake share and network conditions.Adaptive allocation: system capacity is split between free (staked) and paid demand using an EMA-tracked signal so everyone stays responsive during spikes. Defaults include: 18,000 calls/hour total capacity, 10 calls/hour per-dApp minimum, and a reserved paid headroom.Parameters may be tuned over time.Paid usage stays simple: when free credits run out, calls proceed at 0.01 WAX/call using your dApp’s deposit balance.Why this mattersGame traffic comes in waves, not a steady stream. The token-bucket model lets you burst up to your hour’s allocation, then refill continuously, while the adaptive controller keeps latency stable during network-wide promotions or mints. Sponsors can keep funding your baseline with stake, and you can “top off” with small deposits for predictable bursts.
How the new model works (at a glance)Free tier (staked credits)Stake to your dApp using: stake-<dapp_name> (any account can sponsor you; each staker is tracked in userstakes, and your total in acctstate).Your free rate scales with: system capacity, your stake ÷ total stake, and paid EMA; never below 10 calls/hour per dApp.Refill is continuous; burst capacity = your rate × 1 hour (default).Unstake still uses a maturity/claim flow (default 72h).
Example:# Stake
cleos transfer sponsor orng.wax “1000.00000000 WAX” “stake-mygame”
(GitHub)
Paid usageDeposit with: deposit-<dapp_name>; calls cost 0.01 WAX when free credits are exhausted.Example:
# Deposit
cleos transfer mygame orng.wax “10.00000000 WAX” “deposit-mygame”
(GitHub)
Default parameters (subject to tuning):
total_capacity 18,000 calls/hour • per_dapp_min 10 calls/hour • burst_window 1 hour • headroom 1,800 calls/hour • ema_half_life 15 min. We may adjust these as we observe mainnet behavior; any changes will be communicated in advance.
What dApp operators need to doNothing for code. Your requestrand → randnotify/receiverand integrations continue to work exactly as before. The staking change is economic/throughput-level only.(Recommended) Align funding to your traffic pattern:Baseline: encourage stakeholders/sponsors to stake for a steady refill.Bursts: keep a small deposit buffer for 0.01 WAX/call overflow.Quick examplesLight paid demand, 1% of the total stake
Free rate ≈ 161 calls/hour → burst ≈ 161 calls; then refills over the next hour.
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Heavy paid demand, same stake
Free rate adapts down (e.g., ≈ 62 calls/hour) to keep the system responsive; overflow uses paid throttle at 0.01 WAX/call if deposited.
FAQQ: Can users or guilds stake for my dApp?
A: Yes. Anyone can stake using stake-<dapp_name>; contributions are tracked per staker.
Q: Will pricing or limits change later?
A: Possibly. Parameters are subject to tuning based on real-world demand and performance. We’ll announce adjustments with notice.
Q: Do I need to switch to notifications?
A: New deployments should already be on randnotify. Legacy flows remain supported, unchanged from the v3.0 announcement.
Release & docsRelease date: Nov 24, 2025Docs & README (branch): Adaptive CPU-style bucket + paid throttle, staking/deposit memos, defaults, and tables. (GitHub)Join the WAX Community
The crypto market is flooded with GameFi projects that promise the next Fortnite and deliver nothing more than overpriced NFTs.
So it’s no wonder that investors ghosted tokens like SAND (The Sandbox) and MANA (Decentraland) after the metaverse mania cooled off. Once it occurred to them that virtual plots in pixelated universes aren’t exactly generational wealth, these cryptos plunged more than 95% to a point of no return.
The GameFi movement has been mostly lukewarm ever since.
But things are changing, and the coming crypto bull cycle could see another GameFi token race for the top charts. Let’s take a closer look at Tapzi ($TAPZI) – an underrated crypto gem trending among early backers now.
How Tapzi Redefines Gamefi Your success largely hinges on luck more than gameplay in GameFi, whether it’s the rewards you earn or the value appreciation of the token.
But if we take the long-term picture, it’s game mechanics that retain users, and gamers who drive the token price. Any project that compromises the interests of the gamer for the gamblers’ is likely to fail.
And the painful dissipation of the metaverse mania made it clear that hype is far from enough to build a serious gaming community.
Tapzi is a decentralized skill-based gaming platform that challenges the GameFi status quo.
Here, players can stake tokens to compete in real games – like Chess, Checkers, Rock-Paper-Scissors, or Tic Tac Toe – and unlock rewards as they hone their skills.
Crypto incentivization is integral to Tapzi’s gaming economy, but it doesn’t come at the cost of real engagement. Built on the BNB Chain, the project shows that the crypto gaming sector has more to offer than tokenomics and chance mechanics.
Tapzi’s Skill-Based Gaming Model: Explained Tapzi has a mobile-first design where you can play on the go.
On a commute or stuck in a boring meeting, you no longer have to mindlessly scroll through Instagram anymore.
Tapzi gives your mind a much-needed refresh with its skill-based games. And if you’re good enough, you can claim prize pools directly from opponent stakes. Being entirely funded by players, the prize pools don’t rely on a central treasury.
The entry barrier is set low, financially and technically.
Anybody can join the gasless gameplay, and there is even a free mode where you can get plenty of practice before shifting to the paid version.
Tapzi’s developer ecosystem is not limited to a single project. It provides SDKs and exposure to promising projects, aligned with its goal to build a hub for skill-based Web3 games.
All gaming rewards and payments are paid in $TAPZI tokens. The native crypto has a fixed supply of 5B, out of which 20% is made available for early backers at low prices in the ongoing presale.
25% of the presale tokens unlock at the TGE, and the remaining 75% follows a 3-month vesting schedule to prevent supply shocks. Team tokens, on the other hand, are locked for six months, and vested over 18 months.
Together, these strategies encourage long-term adoption of the game and nurture a sustainable gaming economy.
Entertainment doesn’t always have to be brain-rot. It can sometimes sharpen your mind and earn money, too.
Visit the Tapzi website for more details about the gaming hub and how it works.
More in Store Tapzi’s roadmap focuses on phased infrastructure development over feature overload, instilling confidence in its journey ahead.
For example, the demo game launch (Web Beta) is scheduled for this quarter, followed by the public release of Tapzi’s web-based multiplayer engine with sample games (Chess, Checkers, RPS, Tic Tac Toe), staking preview, and matchmaking.
Tapzi offers multi-layered rewards Alongside, the team will run user acquisition campaigns through gaming guilds, influencer partnerships, and paid traffic from high-conversion Web3 channels.
Once the presale is sold out, the token will make its exchange debut on PancakeSwap, with the launch of the $TAPZI/BNB pair.
In addition to these, the launch of the Tapzi Platform Beta (mainnet), the first global tournament with a live leaderboard and sponsored rewards, and the mobile gaming app debut are also slated for this quarter.
The next phases will focus on expansion and scaling. Some of the most awaited features are NFT avatars, cosmetic stores, cosmetic rarity system, analytic dashboard, and multilingual support.
Presale Hits 41% – The Next Crypto to Explode? The $TAPZI presale has already completed 41.6% of its goal, leaving investors with a small window to grab the token before it hits exchanges.
The token is currently priced at $0.0035, while the planned launch price is $0.01. So early presale investors are sitting on 186% profit even before the price action begins.
But what about early-stage dumping?
Tapzi has taken care of that, too. The vesting schedule prevents sell-offs and supports the token’s sustainable value appreciation.
And the smart contract has undergone extensive audits by Solidproof and Coinsult, clearing any concerns early-stage investors may have around code vulnerabilities and fraud.
Why join the $TAPZI presale But the project’s long-term growth is rooted in its gameplay, boldly shifting the focus from chance to skills.
The global gaming industry is predicted to cross $400B by 2028, with mobile gaming at its core, and Web3 gaming is expected to grow from $25B in 2024 to nearly $125B by 2032.
These numbers highlight what early positioning in a promising GameFi project like Tapzi could capture in a few years.
The $TAPZI presale supports purchases using both cryptocurrencies and fiat cards.
But as always, do your own research before investing in crypto. This is not financial advice.
Authored by Aaron Walker – https://www.newsbtc.com/news/tapzi-redefines-gamifi-next-altcoin-to-explode
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto projects are increasingly turning to DAOs to hand governance and treasury control to their communities.
Decentralization is one of the most appealing aspects of cryptocurrency. When it comes to enabling decentralized governance, the challenge is getting there. After all, every crypto project begins its life as a centralized entity that’s controlled directly by its founders, who write the code, design its features and decide on its objectives. It’s only when the project is up-and-running that control can be handed off to its users, so how do they go about that?
For inspiration, project founders can look to earlier projects that have successfully navigated the transition to decentralized autonomous organization or DAO-based governance, such as Decentraland and No NPC Society.
During these early days, quick-decision making is necessary for the project to start getting traction. That’s founders will act like benevolent dictators, deciding on everything from its technical architecture to its tokenomics. However, this centralization contradicts the long-term vision of decentralized finance and web3.
That’s why the transition to a Decentralized Autonomous Organization is a key objective, but one that must be made gradually to ensure its survival. The main risk is that the project’s community might be too immature and lack the necessary expertise or structure to manage a complex protocol, so most introduce decentralization and community participation in stages.
The first step is for the founders to design the main governance mechanism, which usually involves creating some kind of governance token that’s used to assign voting rights to the community. In the case of Decentraland, its first step was to create the Decentraland Foundation, which included a community forum for members to propose and debate new ideas. It then introduced the MANA governance token. By holding MANA or LAND tokens, Decentraland users can propose platform changes or ideas on how to spend its treasury and vote on them.
The next step for Decentraland was to implement non-binding “advisory” votes as a test of its voting process and governance mechanics without risking the protocol. It then enabled on-chain voting for minor protocol parameter updates, such as its fee structure and interest rates to minimize the risks associated with implementing community decisions. Finally, it progressed to full voting, where the community can propose changes to the entire protocol, and also vote on its treasury allocation.
Crypto projects can only achieve full DAO autonomy when the core team relinquishes every aspect of control they have, including administrative rights over protocol changes and treasury spending. The treasury can be seen as the “vault”, while governance rights provide the “keys” to the kingdom. When these are handed over, code finally becomes law, with changes executed based entirely on community consensus, rather than a founder’s decree.
To become truly decentralized, projects must ensure that their codebase becomes fully immutable, so that the founders can no longer make changes on a whim. This means that code updates, bug fixes and feature add-ons can only be made when the community agrees.
DAOs must also set up a self-sustaining treasury that generates revenue for the protocol to fund its operations and development. Revenue can be generated through transaction fees, interest on loans and via other mechanisms – these funds are then deposited directly into the DAO treasury. The community will then make proposals and vote on how these funds should be allocated.
When a project gives control of its code and treasury to its community, that signifies the final act of the transfer of power. That’s now the major goal of No NPC Society, a memecoin and decentralized identity project that embraces the “Simulation Hypothesis.” Its DAO roadmap calls for a rapid transition, where the vault and the keys will be handed to the community within six months of its private and public token sales. To do this, it’s using Solana’s Realms platform to streamline the creation of its DAO and evolve its native NONPC coin into a governance token that bestows voting rights on holders.
To underscore its decentralization, No NPC Society’s DAO ecosystem will be governed by transparent multisig vaults to ensure full visibility into its democratic process. In this way, the project is designed to outgrow its founding team, who will step back to become no more than community members themselves.
The shift to DAO governance is not without challenges, and many projects struggle with problems such as decision paralysis, low voter turnout and the risk of “whales” (large token holders) obtaining too much influence over the voting process.
Successful DAOs can mitigate these challenges in various ways. The first and most important step is to create a structure for community members to submit proposals and make sure their suggestions and the assumed impact is clearly spelled out, with simple “Yes” or “No” choices for voters.
To deal with voter apathy, many projects try to incentivize DAO participation in some way. To prevent whales from exercising too much control, projects can implement more complex voting models that distribute power more equitably. Possibilities include reputation-based governance, where voting weight is based on an individual’s contributions to the project instead of token ownership. Alternatively, quadratic voting can be used to create a system where the votes of large token holders carry less weight than those with only a small amount.
The path to DAO governance is a complex one that involves navigating many technical hurdles and it can only be navigated at the right time, once an established community takes shape. That’s why the handover of control to a DAO is often seen as a defining achievement that signifies a project’s maturity and its commitment to decentralization. When control and ownership is distributed across a large global community, projects can enhance their longevity and credibility.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Decentraland [MANA] made strong gains on Saturday, the 17th of January.
Over the past ten days, the local resistance zone at $0.15 had been contested, but bulls made a clean breakout past this level on Saturday.
The GameFi sector made strong gains in recent days, with Axie Infinity [AXS] leading the charge. This momentum has stalled over the past 48 hours, but it could rekindle later this week.
The Bitcoin [BTC] pullback in recent hours of trading has dragged MANA prices lower. The move triggered $864 million in liquidations across the market within the past 24 hours.
If it were solely a liquidity hunt, the chances of a recovery would be better. This could set up MANA and select altcoins up for a good bounce.
Assessing the strength of Decentraland bulls Coinalyze data showed that the Open Interest, which had increased by nearly 50% over the weekend, had suffered a 10% drop in the past few hours.
Source: Santiment The Dormant Circulation saw a sizeable spike on Sunday, the 18th of January. It was accompanied by a rapid price drop. Generally, increased Dormant Circulation implies older coins were being moved onchain for selling.
Additionally, the 30-day MVRV, which had reached 10.3% on the 13th of January, was at -4.7% at the time of writing. This suggested short-term holders were, on average, facing losses once again.
The Mean Coin Age has also fallen over the past week. The lack of accumulation, flurry of dormant token movement, and short-term holders taking profits were indicative of a lack of long-term market conviction.
Source: CryptoQuant The Spot Volume Bubble Map indicated that the market wasn’t overheated. Previously, the end of 2024 and the 2021 cycle top had marked overheated conditions, which led to a long-term downtrend.
The Exchange Netflow metric showed sizeable MANA outflows in the past two days. It was a slightly encouraging sign, but investors would want to see sustained outflows in the coming weeks.
Overall, Decentraland onchain metrics showed that the threat from profit-taking was considerable.
A rally toward $0.20 and $0.25 were possible, but traders and investors should keep their expectations reasonable.
Traders, especially, should be focused on taking profits when the altcoin challenges nearby resistance zones, such as $0.17 and $0.19.
Final Thoughts The spike in dormant circulation the previous day, combined with the falling mean coin age over the past week, indicated MANA distribution. MANA was not overheated, showed the spot volume map, and there was space for further gains, but bullish market conviction was lacking.
Decentraland (MANA) extends gains, trading at $0.173 at the time of writing on Friday after rallying more than 13% so far this week. On-chain and derivatives data back this rally as Open Interest (OI) hit a 3-month high alongside rising daily active addresses and trading volume. On the technical side, bulls are in control of the momentum, which could push MANA to higher levels.
Bullish derivatives and on-chain dataCoinGlass’ data show that the futures’ OI in Decentraland at exchanges reaches $33.49 million on Friday, up from $20.99 million last Saturday, levels not seen since October 16. An increasing OI represents new or additional money entering the market and new buying, which could fuel the current MANA price rally.
Decentraland open interest chart. Source: CoinglassSantiment’s Daily Active Addresses index, which tracks network activity over time, paints a bullish picture for Decentraland. A rise in the metric signals greater blockchain usage, while declining addresses point to lower demand for the network.
In MANA’s case, Daily Active Addresses rise to 1,196 on Friday, the highest level since December 22, 2024, from 562 on Monday. This indicates that demand for Decentraland usage is increasing, which bodes well for MANA price.
Decentraland daily active addresses chart. Source: SantimentSantiment data indicate that the MANA ecosystem’s trading volume (the aggregate trading volume generated by all exchange applications on the chain) reached $124.77 million on Sunday, the highest since October 11, and has since steadied around $90.60 million on Friday. This volume rise indicates a surge in traders’ interest and liquidity in Decentraland, boosting its bullish outlook.
Decentraland trading volume chart. Source: SantimentDecentraland Price Forecast: MANA bulls in control of the momentumDecentraland price closed above the 50-day Exponential Moving Average (EMA) at $0.152 on Saturday, but faced rejection from the 100-day EMA at $0.176 the next day. During this week, MANA have been trading between the two averages. As of writing on Friday, MANA is testing the 100-day EMA at $0.176.
If MANA closes above the 100-day EMA at $0.176 on a daily basis, it could extend the rally to the 200-day EMA at $0.218, which coincides with the 50% Fibonacci retracement from the September 13 high at $0.391 to the October 10 low of $0.046.
The Relative Strength Index (RSI) on the daily chart reads 65, above the neutral level of 50, indicating strong bullish momentum. In addition, the Moving Average Convergence Divergence (MACD) showed a bullish crossover at the end of December, which remains in effect, with green histogram bars above the neutral level, further supporting the positive view.
MANA/USDT daily chart However, if MANA faces a correction, it could extend the decline toward the 50-day EMA at $0.152.
META is back and has pushed SAND, AXS, and MANA higher. But network growth and liquidity trends still look weak.
The market leadership appears to have undergone a massive change since January 9th. Data shows that several small caps are taking charge while larger cryptocurrencies consolidate, driven by the resurgence of the META narrative.
Three tokens, in particular, have stolen the spotlight this month.
“Pocket Rally” Altcoin Vector explained that the latest trend is not a sign that the overall market is getting healthier, amidst falling network growth and weaker liquidity. In fact, the current rally is being touted as a “pocket rally,” fueled by speculation on thin liquidity rather than fundamental structural growth. Three tokens – SAND, AXS, and MANA- are at the center of this movement.
The platform found that Axie Infinity (AXS) is leading following tokenomic adjustments designed to reduce inflation, sparking renewed speculative interest across the gaming and metaverse ecosystem. Altcoin Vector’s Altcoin Quadrant shows that most altcoins remain in the “Accumulation” phase, while META assets have surged into “Scalp” territory, thereby marking them as outliers.
When comparing SAND and AXS, the latter demonstrated stronger performance as its Impulse metric stayed positive and steadily recovered after a brief cooldown. This indicates market recognition of Axie Infinity’s focus on ecosystem sustainability.
META Rally Remains a Speculative Play Despite the momentum, Altcoin Vector warned that speed does not equal stability. Small Caps are currently leading due to “fast capital” chasing immediate returns, but foundational growth remains absent. For a durable rally, adoption must rise, and dominance return to Bitcoin (BTC) and Ethereum (ETH).
“Ride the META narrative, but proceed with caution. For a sustained long-term rally, growth must stem from infrastructure and adoption, not just narrative. Without a solid base in core assets, this remains a speculative play.”
AXS is trading at $2.69. Over the past month, the token appreciated by 224.4%. Next up was MANA, which saw a monthly increase of nearly 47% and is currently trading at $0.169. Meanwhile, SAND was found exchanging hands at $0.157 after a more than 41% surge during the same period.
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Yellow Network chairman Alexis Sirkia says the CLARITY Act is the structural reset U.S. crypto has waited for.
Summary
Sirkia argues the bill creates the first navigable framework around classification, jurisdiction, and compliance for crypto firms. Years of regulatory uncertainty pushed builders to Dubai and Singapore, and the CLARITY Act could reverse that flow if it passes. Success, Sirkia says, means founders launching U.S. products without fear of retroactive enforcement years down the line. The CLARITY Act is moving faster than at any point in its legislative history. The Senate Banking Committee released a new 309-page draft on May 12, with a markup scheduled for May 14, as the White House pushes for Trump to sign the legislation before July 4. For Alexis Sirkia, chairman and co-founder of Yellow Network, the timing is overdue.
“A lot of crypto companies have spent years trying to figure out which regulator they answer to and whether the rules might suddenly change after they launch,” Sirkia said. “That uncertainty affects everything from fundraising to banking relationships to hiring.”
Why builders left and what changes if the bill passes At Yellow, which builds decentralized clearing infrastructure for digital assets, Sirkia deals daily with the friction that regulatory ambiguity creates across liquidity, settlement, and compliance. His view is that most serious builders are not looking for a free pass from oversight. They are looking for predictability.
“Infrastructure companies cannot scale globally if the rules change every few months or if nobody knows how existing laws apply to decentralized systems,” Sirkia said.
He points to the CLARITY Act’s provisions around disclosure standards, AML requirements, and oversight structures as the foundations that allow companies to make long-term decisions around capital and hiring.
If the bill passes, Sirkia expects founders and engineering talent to remain in the U.S. rather than default to easier regulatory environments. “Right now, a lot of companies choose places like Dubai or Singapore because the regulatory path is simply easier to understand,” he said. “If uncertainty continues, the U.S. risks missing out on a major infrastructure shift happening across finance and digital assets.”
The CLARITY Act passed the House 294 to 134 in July 2025 and cleared the Senate Agriculture Committee in January 2026, but has repeatedly stalled in the Banking Committee over stablecoin yield provisions and unresolved ethics language around government officials’ crypto holdings.
The bar for success and the global race Senator Bernie Moreno has set a hard end-of-May deadline, warning that missing the window could shelve the legislation for years. Prediction markets currently put the odds of the Act becoming law in 2026 at around 55%.
Sirkia’s definition of success is direct. He wants founders launching products in the U.S. without fear of retroactive enforcement, and banks treating crypto infrastructure as a legitimate counterparty rather than a compliance liability.
“I’d also like to see a healthier relationship between regulators and industry participants overall,” he said. “Crypto will move faster when there’s dialogue and clearer communication.”
On the global picture, Sirkia sees the CLARITY Act as a signal as much as a rulebook. “I see the CLARITY Act as an important signal the U.S. wants to play a serious role in the future of digital finance,” he said. “That matters for everything from stablecoins to tokenized assets to next-generation trading infrastructure.”
Yellow Network, which tapped the XRPL EVM Sidechain to power real-world asset trading, is among the firms watching the May 14 markup closely. If the CLARITY Act advances, Sirkia says expanding compliant decentralized clearing and trading infrastructure inside the U.S. market becomes the immediate priority.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
12 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
12 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
12 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
12 minutes ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
12 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
12 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
12 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
12 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
12 minutes ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
12 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
Trump-linked World Liberty Financial (WLFI) is under fire again after Justin Sun’s HTX exchange took counter measures. HTX fired back by suspending WLFI trading pairs and delisting the project’s USD1 stablecoin. The move came in response to WLFI freezing user assets in Huobi-related wallet addresses.
Justin Sun’s HTX Moves To Delist USD1 Stablecoin In a new announcement on June 6, HTX announced that it will officially delist USD1 on June 7 at 11:00 UTC+8. Moreover, the will convert the eligible user’s holdings in USD1 to USDT at a 1:1 exchange rate.
The crypto exchange said the decision aimed “to reduce potential risks, ensure the safety of user assets, and maintain a fair trading environment.”
🪧 火币 HTX 关于 $WLFI、 $USD1 资产处理的情况说明
The World Liberty Financial (WLFI) 项目方近期以相关制裁合规审查为由，单方面对火币 HTX 相关链上地址采取冻结措施，导致部分 WLFI 资产链上流转受限。
鉴于 USD1 同样由 WLFI…
— 火币HTX (@HuobiGlobal) June 6, 2026
After the conversion process, “the corresponding USDT will be credited to users’ spot accounts,” HTX added. The team also noted that the final time for the distribution would be announced separately.
The latest move comes after HTX’s earlier statement on June 5. It indicated that the “World Liberty Financial (WLFI) project team has recently, citing compliance reviews related to sanctions, unilaterally frozen on-chain addresses associated with Huobi HTX.” The exchange said that the limitations applied to “the on-chain circulation of certain WLFI assets.”
At the time, HTX had halted a number of trading pairs involving WLFI. These included WLFI/USDT, USD1/USDT, BTC/USD1, and ETH/USD1, due to the issues of asset security and fairness of the market. Now, the exchange has taken it one step further, by completely withdrawing USD1 from its platform.
The World Liberty Financial Vs. Justin Lawsuit Drama The dispute comes as the ongoing legal dispute between WLFI and Tron founder Justin Sun. In his suit, Sun claims that his tokens were frozen without any reason. He added that the project had a potential to destroy the assets, which might make it impossible to recover them.
WLFI was also accused by Sun of having a “blacklist” mechanism where he froze or even limited user funds. WLFI, in turn, filed a countersuit against the Tron founder for orchestrating a campaign of defamation and distortion. They added that he is reinforcing harmful accusations on social media through influencers and bots.
Further, although Sun got a behind-the-scenes settlement offer from a WLFI investor, he hasn’t yet announced any progress around it.
FixedFloat has tightened its compliance rules for transactions linked to Huobi or HTX after the United Kingdom placed Huobi Global S.A. under Russia-related sanctions.
Summary
FixedFloat now suspends Huobi-origin funds and requires extra checks under its revised compliance procedures. UK authorities say HTX falls under Huobi sanctions despite the exchange disputing that legal connection. ZachXBT warns broad address tainting may weaken risk labels and complicate legitimate blockchain investigations globally. The instant crypto exchange said it will suspend incoming funds that originate from Huobi and require extra verification. It also advised users to check whether their funds or sending addresses connect to sanctioned entities before starting an exchange.
FixedFloat adds checks for Huobi-linked funds “Funds originating from Huobi will be suspended by our service and will be subject to additional verification,” FixedFloat said. The company did not state how long reviews may take or how far back it will trace transfers.
OrangeFren warned users to take care when handling coins that had previously passed through Huobi or HTX. The warning reflects concern that transaction screening can affect users who received coins after they left an exchange.
Meanwhile, the UK designated Huobi Global S.A. on May 26 under its Russia sanctions framework. The official notice lists “HTX,” “HTX Exchange” and htx.com as details connected to the designated company.
The Office of Financial Sanctions Implementation later said it considers the HTX cryptocurrency exchange subject to the measures because Huobi owns it. For UK firms, the rules include asset freezes and restrictions on processing payments involving a designated party.
HTX disputes that position. As previously reported by crypto.news, the exchange said Huobi Global S.A. is separate from its operating platform. It also said user funds remained unaffected and planned to engage with UK authorities.
ZachXBT questions broad wallet tainting Blockchain investigator ZachXBT called the UK action “a bit of an overreach.” He said HTX serves many retail users in Asia, which could cause compliance systems to label unrelated wallets as risky.
He added that “risk itself has become meaningless” when tracing cases by sanctions exposure. According to ZachXBT, some screening tools also struggle to separate activity before a designation from transfers made after sanctions took effect.
Recent UK crypto sanctions seem to be a bit of an overreach.
Wonder if it will ever get to the point where it’s ignored because HTX address tainting onchain has been catastrophic.
In the past sanctions were done and those crypto businesses typically had a high % of illicit…
— ZachXBT (@zachxbt) June 8, 2026 Crypto can move through many wallets before reaching a new owner. A user may receive funds with an old HTX link without knowing their full transaction history. FixedFloat has not said whether every past connection will trigger review or only direct transfers.
The UK said it had reasonable grounds to suspect Huobi Global provided financial services to Russia-linked A7 and Garantex entities. HTX has rejected the link between the sanctioned company and its exchange operations.
FixedFloat’s policy shows how one government’s sanctions decision can shape screening outside banking. Users sending funds with a Huobi or HTX history may now face checks without being accused of wrongdoing. The notice announced no exemptions for verified retail users.
PANews reported on June 9 that, according to CoinMarketCap data, Huobi HTX saw a net inflow of over $26 million in the past 24 hours on June 9, ranking second among global centralized exchanges (CEXs).
Industry insiders believe that net capital inflows are generally considered an important indicator of user activity and market participation on trading platforms. In the current market environment, the continued inflow of funds into leading platforms reflects that some users are reassessing their asset allocation and trading strategies. Data shows that Huobi HTX has recently attracted significant capital attention, indicating a certain degree of recovery in market confidence.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
12 minutes ago
Institutions' Preview: Overview of US May Core PCE Price Index Monthly Rate
The US May core Personal Consumption Expenditures (PCE) Price Index monthly rate will be released tonight at 20:30 (UTC+8). Below are the forecasts from multiple institutions: Sumitomo Mitsui Banking Corporation: 0.2%; Royal Bank of Canada: 0.2%; JPMorgan Chase: 0.3%; Goldman Sachs Group: 0.3%; Bank of Montreal: 0.3%; Moody's Corporation: 0.3%; Standard Chartered: 0.3%; UniCredit: 0.3%; ING Group: 0.3%; HSBC Holdings: 0.3%; BNP Paribas: 0.4%; Wells Fargo: 0.4%; Capital Economics: 0.4%; Citigroup: 0.4%; Deutsche Bank: 0.4%; Nomura Securities: 0.4%; Pantheon Macroeconomics: 0.4%; Société Générale: 0.4%; Scotiabank: 0.4%; Morgan Stanley: 0.4%
12 minutes ago
DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
U.S. investment bank DA Davidson released a research note stating that Micron Technology has entered a new phase with one of the best performance visibility in the semiconductor industry, a stark contrast to its past standing in the sector. Driven by another quarter of results that handily exceeded expectations and positive forward guidance, Micron’s stock price surged sharply. These signals indicate that the current memory chip boom cycle is far from over. While the company is ramping up capacity investments (with capital expenditure (CAPEX) projected to hit $10 billion in the fourth quarter of fiscal 2026, which will bring additional supply), management expects the memory market to remain tight on supply and demand at least through 2027. Against this backdrop, DA Davidson reiterated its "Buy" rating on Micron and raised its price target from $1,500 to $2,000, equivalent to a 20x price-to-earnings (P/E) ratio based on the company’s 2026 calendar year expected earnings per share (EPS).
12 minutes ago
Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
12 minutes ago
US officials: Israel has withdrawn troops from parts of the buffer zone in southern Lebanon.
A U.S. State Department official said Israel has withdrawn from parts of the buffer zone in southern Lebanon, describing the move as a "goodwill gesture" toward the Lebanese government.
12 minutes ago
CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
PANews reported on June 10th that, according to the latest Merkle Tree Proof-of-Reserve (PoR) data from Huobi HTX, as of June 1, 2026 (UTC+8), Huobi HTX's reserve ratios for all major assets have remained above 100%. Ample reserves and a 100% redemption commitment ensure users can trade and withdraw funds at any time. As one of the earliest platforms in the industry to continuously disclose Merkle Tree Proof-of-Reserve data, Huobi HTX has publicly disclosed PoR data for 44 consecutive months, providing long-term protection for user asset security.
The specific updated reserve ratios are as follows: BTC (103%), ETH (100%), TRX (105%), USDs (104%), HTX (101%), XRP (104%), DOGE (100%), and SOL (100%). Users can view these on the "Assets - Proof of Reserves Report" page of the Huobi HTX official website. Huobi HTX is committed to maintaining a 1:1 reserve ratio and publishes a monthly proof of reserves report, setting a higher standard for the digital currency industry and fulfilling its commitment to ensuring customer fund security and data accuracy.
TLDREU Expands Sanctions to Crypto ServicesHTX and Garantex Named in UK MeasuresGet 3 Free Stock Ebooks EU proposes banning transactions on 11 crypto platforms in new sanctions package. Kaja Kallas confirms tighter restrictions on crypto-asset services to certain third countries. The package targets 31 Russian banks and 20 entities outside the bloc. European Commission has not disclosed the names of affected crypto platforms. UK previously sanctioned Huobi Global S.A., linked to HTX. The European Union has proposed banning transactions on 11 crypto platforms under its 21st sanctions package against Russia. The plan expands existing restrictions and targets financial networks accused of supporting Moscow. Officials said the measures will tighten controls on crypto-asset services in certain third countries.
EU Expands Sanctions to Crypto Services Kaja Kallas, Vice President of the European Commission, outlined the proposal in a public statement. She said the EU will extend restrictions beyond banks and energy revenues.
“We will also tighten our ban for crypto-asset services to certain third countries,” Kallas wrote on X.
We are depriving Russia of the means to fund its war.
We intend to deal a heavy blow to Russia’s financial sector, imposing assets freezes on close to 90 banks and additional transactions bans on over 30 banks in Russia and other third countries.
We will also tighten our ban…
— Kaja Kallas (@kajakallas) June 9, 2026
She also confirmed that the package will “ban transactions on 11 crypto platforms.” However, the Commission did not disclose the names of those platforms.
European Commission President Ursula von der Leyen described other elements of the proposal. She said the package targets 31 additional Russian banks and 20 entities in third countries. These entities include banks, crypto platforms, oil traders, and refineries.
Von der Leyen stated that the targets had served sanctioned Russian individuals or entities. She added that some entities helped circumvent EU measures. The proposal now awaits further discussion among member states.
HTX and Garantex Named in UK Measures The EU proposal follows action by the United Kingdom on May 26. UK authorities sanctioned Huobi Global S.A., the company linked to HTX. Officials said they suspected support for Russia-linked financial networks.
UK authorities cited links to A7 Limited Liability Company and Garantex. Both entities have already faced sanctions under previous measures. The UK said there were reasonable grounds to suspect financial facilitation.
HTX denied the allegations and rejected the claims. The company said the sanctioned entity operates separately from its online exchange. It did not provide further operational details in its public response.
A report by Global Ledger examined HTX activity between 2021 and May 2026. The report said HTX processed about $21.06 billion in high-risk crypto flows. It linked at least $7.64 billion to Russian high-risk entities and darknet markets.
The report identified entities including Garantex, its successor Grinex, A7A5, and Hydra. UK sanctions drew criticism from some blockchain researchers. They argued that exchange-level tainting could freeze legitimate users and weaken compliance tracing tools.
The UK government just dropped its latest sanctions hammer, and this time a major crypto exchange is caught in the blast radius. Huobi, operating under its HTX rebrand, has been designated alongside 17 other individuals and entities connected to what British officials call the “A7 network,” a sprawling shadow financial system allegedly used to funnel money toward Russia’s war efforts in Ukraine.
The A7 network reportedly facilitated over $90 billion in transactions during 2025 alone. To put that in perspective, that figure represents nearly half of Russia’s total military spending.
What the sanctions actually target The May 26 sanctions package goes well beyond crypto. Britain expanded trade restrictions to cover uranium imports, certain chemicals, and LNG maritime services, while maintaining limited licensing for processed oil products.
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Foreign Secretary Yvette Cooper framed the move as a necessary evolution. Sanctions regimes that worked in 2022 look increasingly outdated when adversaries adapt through crypto networks and shell companies.
This latest round brings the UK’s total sanctions tally against Russia to over 3,300 designated individuals and entities. British officials estimate these measures have collectively inflicted around $450 billion in losses on the Russian war economy.
Energy support for Ukraine The sanctions announcement came paired with a significant energy commitment. The UK has now pledged over £490 million toward Ukraine’s energy security, with £173 million earmarked specifically for the Ukraine Energy Support Fund.
Since September 2025, an additional £87 million has been directed toward repairing Ukraine’s battered electricity network and strengthening defenses against Russian attacks on energy infrastructure.
What this means for crypto investors The immediate market reaction to these sanctions was minimal. No major token experienced a dramatic sell-off, and trading volumes didn’t spike in any unusual way.
When a G7 government formally designates a crypto exchange as part of a war-financing network, it sends a regulatory signal that reverberates well beyond British borders. Other jurisdictions tend to follow suit, either through their own sanctions or through increased compliance pressure on domestic platforms that interact with designated entities.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
HTX remains under the compliance microscope after UK sanctions records and blockchain-intelligence analysis pointed to Huobi Global S.A., operating as HTX, being designated under the UK’s Russia sanctions regime.
TL;DR The UK OFSI consolidated sanctions list is the primary source for the designation trail. TRM Labs has published a compliance analysis explaining why the designation matters for crypto firms. This should be framed as a compliance-analysis piece, not a fresh breaking sanctions announcement. The story should be handled carefully. The designation itself is not a brand-new market shock today, but the compliance implications are still important. OFSI’s consolidated list is the official reference point, while TRM Labs’ analysis explains what the designation may mean for exchanges, analytics teams and firms screening crypto exposure.
Sanctions designations create practical obligations for firms with UK exposure. If a listed entity is subject to an asset freeze, companies must assess whether they are holding, controlling or facilitating movement of funds connected to that entity. In crypto, that can be harder than in traditional finance because activity may move through wallets, intermediaries and cross-border platforms.
Why HTX Matters For Compliance Teams HTX is a globally known crypto exchange brand. A sanctions designation linked to a major exchange name is therefore more significant than a narrow wallet listing or a small service provider. Compliance teams have to ask not only whether they interact directly with a named entity, but also how to treat flows that may pass through related infrastructure.
TRM’s analysis points to the operational challenge: sanctions screening is no longer limited to checking static customer names. Crypto firms need wallet intelligence, transaction monitoring and escalation processes that can respond when a large platform or associated entity appears on an official list.
Market Impact Versus Compliance Impact This does not automatically mean a broad market sell-off or an immediate exchange crisis. The more grounded article angle is compliance. UK-regulated businesses, counterparties and service providers need to understand their obligations, while non-UK firms may still adjust risk controls because sanctions exposure can spill across jurisdictions.
For traders, the direct impact may be limited unless liquidity, access or counterparty relationships are disrupted. For institutions, the signal is clearer: sanctions risk around crypto venues remains a board-level issue, not just a back-office function.
The Bottom Line The HTX designation story is best read as part of a wider trend. Governments are increasingly using financial sanctions tools in crypto contexts, while analytics firms are building the interpretive layer that helps businesses understand what those lists mean operationally.
For NewsBTC, the core point is simple: this is not just a name on a government list. It is a live example of how crypto platforms can become entangled in sanctions compliance, and why firms touching digital assets need stronger screening and monitoring systems than they did a few years ago.
A Slow-Burn Risk For Exchanges Sanctions stories do not always move markets immediately. Their impact can show up slowly, through banking relationships, compliance checks, vendor reviews and counterparty restrictions. For a major exchange brand, that means the reputational and operational effects can matter even when token prices barely react on the day.
PANews, June 19 – According to an official announcement, HTX will open O/USDT spot trading on June 19 at 18:00 (UTC+8). Deposits for O will open on June 19 at 16:00, and withdrawals will open on June 20 at 18:00.
It is reported that o1.exchange is an on-chain trading platform that integrates a meta-decentralized exchange aggregator, an on-chain trading terminal, and a mobile trading interface. It consolidates spot trading, perpetual contracts, and prediction markets into a single interface, allowing users to build and execute advanced trading strategies across multiple assets and multiple blockchains.
Circle partners with Nomura Securities to enter the Japanese yen foreign exchange settlement service market.
Stablecoin issuer Circle plans to collaborate with Nomura Securities to launch instant foreign currency settlement for Japanese corporate clients as early as 2027. The initiative will enable large cross-border transactions to be completed immediately, aiming to boost cross-border investment and trade. This will mark the first entry of a major stablecoin issuer into Japan’s corporate transaction market, allowing companies to convert yen into US dollar-denominated stablecoins for investment and instant transfers.
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DA Davidson Raises Micron’s Price Target to $2,000, Retains Buy Rating
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Morgan Stanley raises Micron's price target to $1,200, maintains 'Overweight' rating.
Morgan Stanley released a report raising Micron Technology (MU.O)’s price target from $1,050 to $1,200, while maintaining an "Overweight" rating. The investment bank lifted its fiscal 2027 earnings per share (EPS) forecast for the chipmaker by roughly 40% to $168, and upgraded its free cash flow (FCF) projection from $104 billion to $140 billion. Aligning with Micron’s management, the bank holds that AI will push DRAM demand to consistently outpace supply significantly after 2027. Micron’s last fiscal quarter results matched this trend, with both its quarterly performance and outlook showing notable upside potential.
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CBRS trades below IPO price post-earnings: Erases all gains six weeks after listing, two smart money firms net $5.8 million from first-day IPO shorts.
According to Hyperinsight monitoring, Cerebras (CBRS), the AI chip firm previously dubbed "Nvidia’s strongest challenger", saw its stock price fall in stages after reporting its first quarterly results since going public, as negative guidance overshadowed better-than-expected performance. The stock has dropped roughly 22% since the earnings release and officially broke below its IPO price today. On-chain whales are overall bearish. CBRS trades at $184 on the Hyperliquid platform, down 7.7% in 24 hours. Large-scale short positions (million-dollar level) total around $11.62 million, 2.39 times the long positions ($4.87 million). Two major short positions were placed precisely at high levels as early as the IPO day or even before the IPO: - Whale 0xe0ff: Shorted at $284.51 on May 14 with a 3x leveraged position of $6.13 million, generating an unrealized profit of $3.24 million (+104%); - Whale 0x9996: Shorted at $275.92 on May 11 with a 5x leveraged position of $5.48 million, generating an unrealized profit of $2.64 million (+162%). It is learned that both addresses currently hold short positions in both CBRS and SPCX, and have recorded substantial unrealized profits, preferring to place short positions at high levels before or on the day of major stock listings. With the realization of negative earnings news in this round, the combined unrealized profit of the two positions is around $5.88 million. Currently, the average entry price of CBRS short whales is around $275, and the current price is over 30% lower than that. The nearest short liquidation line is at $200.13, about 7% away from the current price.
PIVX was announced on November 25, 2015. PIVX stands for Private Instant Verified Transaction Cryptocurrency and is a privacy-focused proof-of-stake cryptocurrency forked from DASH. The project emphasizes community governance and decentralization.
What is PIVX (PIVX)?PIVX aims to create a digital medium of exchange that minimizes transaction times and fees while maintaining privacy and security. PIVX was launched by James Burden on January 31, 2016.
PIVX had no ICO; instead, 60,000 PIVX were pre-mined to enable the initial network operation of 6 masternodes. Once the initial setup was completed, these cryptocurrencies were burned as soon as the PIVX community became self-sustainable.
In addition, PIVX is a self-funded and community-driven decentralized autonomous organization (DAO). It is a third-generation privacy cryptocurrency and uses a modified version of Dash’s masternode architecture. It also employs Zcoin’s Zerocoin privacy protocol. The transaction capacity can reach up to 1000 transactions per second using the SwiftxX payment protocol.
PIVX also utilizes a dual-part proof-of-stake consensus mechanism: Masternodes and Validators.
Masternodes are responsible for voting on development proposals put forward by the PIVX community and validating transactions on the blockchain with a single confirmation. A minimum of 10,000 PIVX is required to run a masternode. Each masternode has one vote and is not involved in new token mining.Validators are responsible for PIVX mining. They have a chance of creating a block proportional to the number of PIVX they stake. 500 PIVX can create a single block completed within 60 seconds. When a block is created, a reward of 6 PIVX tokens is distributed, with one allocated to the PIVX treasury, two to the validator, and three to the masternode.Additionally, if a user wants to store PIVX, they can do so in three ways: Ledger hardware wallet, PIVX desktop and mobile wallets, or Coinomi desktop and mobile wallets.
PIVX Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy PIVX Coin, one must first sign up for Binance and then send fiat currency. After sending a fiat currency like Turkish Lira or dollars, one can buy Ethereum (ETH) or Bitcoin (BTC) and execute a purchase in the PIVX trading pair.
In addition, on Binance, users can place an order to buy at a lower value than the market price. For this, use the Limit tab and enter the amount and price you want to buy.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
