US TREASURY DEPARTMENT STILL CONSIDERING BITCOIN PURCHASE FOR RESERVES
* Treasury Secretary Scott Bessent explained that the department is still exploring ways to acquire Bitcoins.
* The goal is to create a Strategic Bitcoin Reserve in a way that does not affect the state budget.
* The reserve would be based on Bitcoins already confiscated by the federal government.
DO KWON, CREATOR OF TERRA LUNA, PLEADS GUILTY
* Do Kwon, founder of the collapsed Terra ecosystem, pleaded guilty before a US court.
* His plea is part of a settlement with federal prosecutors in New York.
* The case concerns the collapse of the UST stablecoin and LUNA cryptocurrency in 2022, which caused losses estimated at 40 billion dollars.
ETHEREUM ETFS SEE NEARLY 640 MILLION DOLLARS OF INFLOWS
* US exchange-traded funds (ETFs) on Ethereum recorded net inflows of 639.6 million dollars.
* This was the eighth consecutive day of positive net inflows into these funds.
* The data confirms the continuation of a positive trend for the newly launched investment products.
NEW YORK PROPOSES NEW TAX ON CRYPTOCURRENCY TRANSACTIONS
* A bill has been introduced in the state of New York to impose a tax on the sale and transfer of digital assets.
* The initiative, presented by state assembly member Phil Steck, aims to tax cryptocurrency transactions.
* The proposed regulations are part of broader regulatory actions regarding the cryptocurrency market in the state.
US BANKS CRITICIZE NEW STABLECOIN LAW
* Major US banking associations have expressed concerns about the new stablecoin regulation.
* They warn of loopholes in the legislation that could, in their view, destabilize the financial system.
* In this dispute, banks are clashing with Coinbase, which supports the current version of the law.
STELLAR PARTNERS TO TOKENIZE RWA ASSETS
* The Stellar Development Foundation has entered into a partnership to integrate the ERC-3643 token standard.
* This standard is used to tokenize real-world assets (RWA) such as real estate and stocks.
* The integration is intended to facilitate the creation and management of tokenized assets on the Stellar network.
US REIMPOSES SANCTIONS ON RUSSIAN EXCHANGE GARANTEX
* The US government has again placed the Russian cryptocurrency exchange Garantex on the sanctions list.
* Sanctions also apply to its successor, Grinex, as part of actions against evading restrictions.
* According to analytics firm TRM Labs, the exchange had contingency plans in place for such actions by authorities.
CZECH POLICE DETAIN KEY FIGURE IN BITCOIN SCANDAL
* Czech authorities have detained an important individual in connection with a political scandal involving a Bitcoin donation.
* The case involves a donation that earlier this year almost led to the collapse of the Czech government.
* As part of the investigation, police also secured assets linked to the case.
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