Articles for category: Crypto

October 3, 2025

viralnado

Near Foundation Introduces AI Delegates to Combat DAO Voter Apathy

The Near Foundation is making strides in the realm of decentralized governance by developing innovative artificial intelligence (AI) delegates designed to enhance voter participation within its decentralized autonomous organization (DAO). This initiative aims to combat the notably low participation rates that have plagued many blockchain protocols. Lane Rettig, a prominent researcher at the Near Foundation who focuses on AI and governance, provided insights into the project during an interview at the Token2049 conference held in Singapore. He explained that the AI delegates, often referred to as “digital twins,” will learn individual preferences from users and engage in governance decisions accordingly.

October 3, 2025

viralnado

Avalanche Treasury Co. and Mountain Lake Acquisition Set for Major $675 Million Merger

Avalanche Treasury Co. (AVAT) has announced a significant merger with Mountain Lake Acquisition Corp. (Nasdaq: MLAC), in a deal valued at over $675 million. This merger is set to not only expand institutional interest in the Avalanche blockchain but also signals a strategic move towards integrating cryptocurrency into mainstream finance. According to a press release, the merger encompasses approximately $460 million in assets and is expected to be finalized by early 2026, contingent on regulatory approvals and shareholder consent. As part of this agreement, Avalanche Treasury Co. plans to acquire $200 million worth of Avalanche (AVAX) tokens at a reduced

October 3, 2025

viralnado

White House Urgently Pursues CFTC Appointments Amid Leadership Changes

The U.S. Commodity Futures Trading Commission (CFTC) is in a state of transition as the White House shifts its focus to appointing new leaders within the agency. Caroline Pham, the Acting Chairman of the CFTC, is currently pushing forward with crypto-friendly initiatives, yet her time leading the commission appears limited as the administration seeks a permanent successor. Recently, the White House dismissed Brian Quintenz, a former commissioner and nominee from President Donald Trump’s administration, as part of its efforts to finalize a new leadership lineup. Speaking during an interview with CoinDesk TV, former CFTC Chairman Chris Giancarlo confirmed that the

October 3, 2025

viralnado

ETHZilla’s CEO Envisions Ethereum as the Future of Financial Transactions

In an ambitious move signaling a strong commitment to Ethereum, ETHZilla CEO McAndrew Rudisill has outlined his company’s strategy to position Ethereum at the forefront of the financial landscape. After recognizing Ethereum’s potential in the burgeoning global remittance sector, Rudisill decided to fully embrace the platform, transforming his once struggling biotechnology firm into a significant player within the crypto space. ETHZilla Corporation, formerly known as Life Sciences Corp and listed on Nasdaq, rebranded in July following the signing of the GENIUS Act into law by then-President Donald Trump. This act aims to establish regulations for stablecoins, further reinforcing the legitimization

October 2, 2025

viralnado

Avalanche Treasury Co. Announces $675 Million Merger with Mountain Lake Acquisition Corp.

Avalanche Treasury Co. (AVAT) has set the stage for a significant shift in the blockchain investment landscape by unveiling plans for a $675 million merger with Mountain Lake Acquisition Corp. (Nasdaq: MLAC). The deal, which combines substantial asset holdings and strategic growth initiatives, is expected to close in early 2026, contingent on regulatory and shareholder approvals. As outlined in a recent press release, the merger will encompass approximately $460 million in assets, alongside an agreement for AVAT to acquire $200 million in Avalanche (AVAX) tokens at a discounted rate through a partnership with the Avalanche Foundation. This strategic move is

October 2, 2025

viralnado

White House Moves to Fill CFTC Leadership Gaps Amid Rapid Crypto Developments

The U.S. Commodity Futures Trading Commission (CFTC) is in a significant transitional phase as the White House actively searches for permanent candidates to fill multiple leadership roles within the agency. This follows the recent withdrawal of Brian Quintenz, a former nominee under President Donald Trump, prompting current Acting Chairman Caroline Pham to continue implementing cryptocurrency-friendly policies even as her tenure remains uncertain. Former CFTC Chairman Chris Giancarlo, known for his advocacy in the crypto space and often referred to as “Crypto Dad,” shared insights during a recent interview on CoinDesk TV. He indicated that optimism surrounds the imminent announcement of

October 2, 2025

viralnado

New York Senator Proposes Tiered Tax System for Crypto Mining Energy Use

New York State Senator Liz Krueger has taken a significant step towards regulating the crypto mining industry by introducing a bill that would impose excise taxes on the energy consumed by mining operations within the state. The proposed legislation, which seeks to establish a tiered tax structure, marks another effort to address the environmental impact of energy-intensive crypto mining practices. The bill outlines a tax exemption for miners utilizing up to 2.25 million kilowatt-hours (kWh) of electricity annually. For those consuming between 2.26 million and 5 million kWh, a tax of 2 cents per kWh would apply, while miners using

October 2, 2025

viralnado

NFTStrategy Ecosystem Achieves Milestone with $200 Million Market Capitalization

The NFTStrategy ecosystem, developed by TokenWorks, has reached a significant milestone with a market capitalization surpassing $202 million and a robust daily trading volume of approximately $10.7 million. This impressive growth reflects the increasing integration of decentralized finance (DeFi) mechanisms within the non-fungible token (NFT) space. According to data from Dexscreener, the PunkStrategy token (PUNKSTR) is at the forefront with a market cap of $152 million, marking a remarkable 37% surge in value over the last 24 hours. Following closely, PudgyStrategy (PUDGYSTR) saw a dramatic 45% increase, bringing its market capitalization to $11.25 million. Other tokens in the ecosystem also

October 2, 2025

viralnado

Stellar’s XLM Surges 4%, Successfully Breaks Past Key $0.40 Resistance Level

Stellar’s native cryptocurrency, XLM, experienced a notable increase of 4% in the last 24 hours, rising from $0.39 to a peak above $0.41. This price action marks a significant breakthrough as the cryptocurrency manages to establish a strong foothold at the critical $0.40 support level while facing resistance around $0.41. This latest price movement can be attributed to the recent integration of Stellar within the Bitcoin.com Wallet, which has provided millions of users with access to Stellar’s efficient, low-cost payment solutions and decentralized finance (DeFi) tools. The announcement generated a wave of enthusiasm in the market, leading to heightened volatility

October 2, 2025

viralnado

European Central Bank Moves Forward with Digital Euro Framework Agreements

The European Central Bank (ECB) is accelerating its preparations for the potential introduction of a digital euro, having announced agreements with various technology providers to build critical components for the central bank digital currency (CBDC). This strategic step, disclosed in a recent announcement, reflects the ECB’s commitment to exploring the viability of a digital euro while updating its technological framework. In a detailed notice released on Thursday, the ECB revealed that it has reached framework agreements with seven tech firms, with the possibility of adding at least one more in the near future. These selected providers will focus on essential