Latest Crypto News & Market Updates

California lawmakers pass bill targeting meme coins issued by public officials

California lawmakers have passed AB 2409, which would prohibit state and local public officials from issuing meme coins and restrict digital asset platforms from offering certain official-linked tokens to California residents beginning in 2027.　　SummaryCalifornia lawmakers passed AB 2409, which would prohibit state and local public officials and certain public employees from issuing meme coins.Digital asset service providers would face restrictions from Jan. 1, 2027, on certain newly issued meme coins offered by or in partnership with covered public officials.The Attorney General could seek injunctions and disgorgement, while district attorneys, city attorneys and county counsel could enforce the prohibition on officials issuing meme coins.The bill cleared both legislative chambers and now heads to Gov. Gavin Newsom for consideration.　　The California Legislatures latest text for Assembly Bill 2409, introduced by Assembly Member Avelino Valencia, sets separate rules for public officials and digital asset service providers as the measure heads to Gov. Gavin Newsom for consideration.　　The Senate passed the bill on Aug. 26, and the Assembly later concurred with the Senate amendments in a 78-0 vote. The measure was sent for engrossing and enrolling after clearing both chambers.　　AB 2409 would prohibit California officials from issuing meme coins　　Under AB 2409, a public officer or public

08-28Industry

STX crypto review 2026: Tokenomics, BTC yield and staking demand

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.　　Stacks growing role in Bitcoin DeFi could strengthen demand for STX, positioning the token as a high-potential Bitcoin investment.　　SummarySTX draws demand from Stacks network fees, BTC rewards through Stacking, and potential Bitcoin Staking capacity.Stacks positions STX as a higher-beta Bitcoin play, with token demand linked to Bitcoin-native apps, Stacking, and future staking.STXs investment case rests on growing Bitcoin activity on Stacks, with network utility and Bitcoin Staking driving potential demand.　　The strongest crypto investment cases usually begin with a simple question: what creates demand for the token beyond speculation？　　For STX crypto, the answer comes from a growing set of roles tied to Stacks (STX), a Bitcoin layer built for smart contracts and Bitcoin-native financial applications. STX pays network fees, participates in the Proof of Transfer consensus system, can earn rewards paid in BTC through Stacking, and is set to serve as the capacity asset for Stacks proposed self-custodial Bitcoin Staking product.　　That combination places the STX token in a different category from assets whose utility depends mainly on governance or incentive emissions. Its investment case rests on whether Stacks can attract more

08-28Industry

OneKey reproduces transaction replacement attack on outdated Ledger Ethereum app

The in-house security team at open-source wallet provider OneKey said it successfully reproduced an exploit targeting an outdated version of Ledgers on-device Ethereum application in a test environment.　　OneKey founder and CEO Yishi Wang said they executed a “transaction replacement attack” against Ledger Ethereum app 1.22.1 by exploiting a previously patched vulnerability that lets attackers overwrite the transaction waiting to be signed while the user is still reviewing the legitimate transaction.　　Ledger said exploiting the vulnerability required control over communications between the device and its host, such as through malware, compromised wallet software or a hostile webpage. Ledger added app-level safeguards with Ethereum app 1.22.2 released on Aug. 13, before fixing the underlying issue in Secure SDK 26.6.1 on Aug. 21.　　“No Ledger user was hacked. Whats described here is a lab reproduction of a vulnerability in an outdated version of the Ethereum app,” Ledger wrote in a Thursday X post.　　The security test follows the Coldcard exploit in July, when attackers exploited a firmware bug introduced in March 2021 that weakened seed randomness on some Coldcard wallets, leaving the resulting private keys vulnerable to brute-force attacks.　　Ledger had previously said its devices were not affected by the Coldcard vulnerability because recovery phrases are generated

08-28Industry

UK government reports 240 crypto millionaires in 2025

The United Kingdoms tax reporting agency said that 240 people claimed more than 1 million British pounds ($1.4 million) in capital gains from digital assets in the previous tax year.　　According to data from HM Revenue and Customs released on Thursday, 240 people reported about $975 million combined from capital gains tied to cryptocurrency in the 2024 to 2025 tax year, with each reporting more than $1.4 million. This data included 17,600 individuals who reported digital asset gains over the same period, amounting to $1.9 billion, and $18.7 billion in “disposal” from selling or trading assets.　　“Taxes are due on cryptoasset gains just like any other gains, and we want to make sure people making gains from crypto know about what taxes they owe,” said James Murray, Financial Secretary to the UK Treasury and Paymaster General.　　Under the Organization for Economic Co-operation and Development‘s (OECD’s) Crypto-Asset Reporting Framework, onchain crypto activity expected to be taxable totaled $457 billion globally in 2025. The UK will require crypto asset service providers to report data on crypto gains and losses under the framework that might not have otherwise been declared by taxpayers.　　The data came after the UK agency reportedly sent more than 81,000 letters to individuals

08-28Industry

ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote

The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token buybacks and a completed buyout of locked tokens held by some early investors.　　The Ethena Foundation opened a vote on a fee-switch proposal under which 95% of the net revenue paid to it from Ethenas core business lines would be used to purchase ENA once the circulating supply of USDe reaches the first proposed milestone of $7.5 billion, the foundation said in a Thursday blog post.　　Tokenholders have until Sept. 2 to cast their votes. At press time, 65 votes representing about 14.4 million ENA in voting power had been cast, all in favor of the fee-switch proposal, according to Snapshot.　　The ENA token rose 10.7% over the 24 hours and gained 27% during the past week to trade above $0.17 as of 8:11 am UTC on Friday, according to CoinGecko data.　　The foundation also said it had bought locked ENA from certain major seed investors who sold some of their holdings during the past nine months. Separately, it agreed with lead investors to release the remaining unvested investor allocations on Oct. 5, replacing the existing monthly

08-28Industry

‘Make tokens great again!’ — ENA hits yearly high after Ethena makes 4 changes

The Ethena Foundation has announced four ecosystem updates that analysts have billed as extremely bullish and long overdue.　　First of all, the Foundation said it has bought all the locked tokens from some major seed investors that had sold $ENA in the last nine months. Additionally, monthly VC overhang has ended, scrapping off one major bearish factor for $ENA in the past.　　However, team tokens will remain locked as per earlier plans.　　The Ethena Foundation and lead investors have agreed to eliminate future overhang associated with monthly VC investor unlocks by releasing unvested tokens.　　In 2024, Ethena raised over $180M by selling 315 million $ENA tokens. This came back as persistent VC overhang until the latest update.　　Thirdly, $ENA will now be aligned with the ecosystem, with brand and intellectual property (IP) rights assigned to the Foundation and governed by token holders. There will be no payouts to private investors in Ethena Labs (the entity responsible for building the ecosystem products).　　Here, its worth noting that the battle over IP ownership and revenue is what triggered the historic Aave governance spat. However, Ethena has taken the opposite route to avoid an Aave-like divisive civil war.　　Finally, the project has announced a fee switch and an $ENA buyback

08-28Exchange

ENA Rises 10% after Ethena Foundation Reveals Token Buyback Proposal

The native token of the synthetic dollar protocol Ethena (ENA) registered double-digit gains after the Ethena Foundation unveiled four ecosystem changes, including a proposal for revenue-funded token buybacks and a completed buyout of locked tokens held by some early investors.　　The Ethena Foundation opened a vote on a fee-switch proposal under which 95% of the net revenue paid to it from Ethenas core business lines would be used to purchase ENA once the circulating supply of USDe reaches the first proposed milestone of $7.5 billion, the foundation said in a Thursday blog post.　　Tokenholders have until Sept. 2 to cast their votes. At press time, 65 votes representing about 14.4 million ENA in voting power had been cast, all in favor of the fee-switch proposal, according to Snapshot.　　Discover more　　Trading Digital Currencies　　Comparing Top ETFs　　FINANCE　　The ENA token rose 10.7% over the 24 hours and gained 27% during the past week to trade above $0.17 as of 8:11 am UTC on Friday, according to CoinGecko data.　　The foundation also said it had bought locked ENA from certain major seed investors who sold some of their holdings during the past nine months. Separately, it agreed with lead investors to release the remaining unvested investor allocations on Oct.

08-28Industry

Nonfarm Payrolls face a reality check with key benchmark revision

US investors will watch on Friday a labor market report that is far less familiar than the monthly jobs release but has gained considerable importance following the spectacular revisionsof recent years. The Bureau of Labor Statistics (BLS) will publish its preliminary estimate of the annual benchmark revision to the payroll employment series for the twelve months ending March at 14:00 GMT.　　Behind its particularly technical name, the Preliminary Nonfarm Payrolls (NFP) Benchmark Revision answers a relatively simple question: Has the number of payroll jobs reported month after month by US statisticians accurately reflected the reality of the labor market？　　The answer could have implications well beyond the statistics themselves. Another large downward revision would reinforce the view that the US labor market slowdown has been deeper than previously thought, while an upward revision could instead show that job creation has been underestimated.　　What is the Nonfarm Payrolls Benchmark Revision？　　The monthly US employment report relies, among other sources, on the Current Employment Statistics (CES) survey, which collects data from businesses and government agencies to estimate the number of payroll employees in the United States (US).　　Like any survey based on a sample, however, it is subject to a margin of error.Once a year, the Bureau

08-28Industry

Silver Price Analysis: Can Silver Break $70 As Fed Risks Clash With Supply Deficit？

Silver is trading under pressure near $68 to $69 per ounce as investors weigh persistent inflation, Federal Reserve policy expectations, and a more cautious institutional outlook against an increasingly tight long-term supply picture. After losing momentum following its latest rebound, silver is approaching a technical zone that could determine whether the recovery extends above $70 or gives way to another correction.　　The near-term silver price analysis remains closely tied to interest rates. Stronger US inflation data has increased expectations for another Fed rate hike before year-end, while traders are awaiting Federal Reserve Chair Kevin Warshs Jackson Hole speech for additional guidance. With the metal still trading near historically elevated levels, investors using a silver profit calculator can assess how different entry prices and potential moves around the $70 threshold could affect returns. At the same time, a fifth consecutive annual silver supply deficit and continued trend-following demand are providing fundamental support beneath the market.　　Silver Slips Below $69 Ahead of Fed Chair Warshs Jackson Hole Speech　　Silver recently traded around $68.80 per ounce after posting modest gains in the previous session, with investors turning cautious ahead of Warshs Jackson Hole address. Markets are looking for signals on whether persistent inflation will force the

08-28Industry

Silver price today: rises on August 28

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $70.41 per troy ounce, up 1.68% from the $69.25 it cost on Thursday.　　Silver prices have decreased by 0.94% since the beginning of the year.Unit measureSilver Price Today in USDDiscover moreDistributed in India, consumers demand for the precious metal for jewellery also plays a key role in setting prices.　　Discover more　　News　　Merchant Services & Payment Systems　　Brokerages & Day Trading　　Silver prices tend to follow Golds moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.

08-28Industry

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