Coindesk

A Securities and Exchange Commission (SEC) filing posted Monday night outlines the relationship between Tron DAO, Justin Sun, and SRM Entertainment, a Nevada company in the process of changing its name to Tron Inc.The filing details a $100 million private investment in public equity (PIPE) deal, paid entirely in TRX TRX tokens, that gives Sun’s father, Weike Sun, board control and positions Tron-aligned advisors in key governance roles.Weike was named chairman, while Zhihong Liu, also known as Steve Liu, a strategic adviser to Tron DAO and the CEO of stablecoin issuer Techteryx, and Zi Yang, a senior executive at Tronscan, joined the board’s audit, compensation, and nominating committees, according to the filing.The deal was structured as a private investment in...

U.S. banking giant JPMorgan has announced the pilot of a permissioned USD deposit token called JPMD on Base, the layer 2 Ethereum network built by listed exchange Coinbase (COIN).Earlier this week, the bank filed a trademark application for a crypto-focused platform named JPMD, designed to to offer services such as trading, exchange, transfer, and payment services for digital assets, as well as issuance of digital assets.The institution-focused JPMD, an alternative to stablecoins for the bank’s clients, marks the first deployment of JPMorgan’s Kinexys distributed ledger technology studio on a public blockchain, according to a press release.Banks and other enterprise players are crowding into the stablecoin space ahead of soon-to-land rules around dollar-pegged tokens in the U.S. JPMorgan garnered lots of...

Tether's USDT is the world's leading stablecoin. Its digital emulation of the U.S. dollar — 155 billion of them at last count — is unmatched. But as things stand, Tether almost certainly doesn't fulfill the compliance demands of U.S. lawmakers as they're expected to push legislation nearer to law on Tuesday afternoon.Tether may end up with a choice to make: Jump through some serious hoops to reach compliance with the future law, or stand back and try to hold onto non-U.S. market share as the U.S. industry potentially increases in scale and the federal government takes its customary role in steering the regulatory demands of other jurisdictions around the world, according to the predictions of experts.The Guiding and Establishing National...

Valuing blockchain networks today feels like déjà vu for anyone who lived through the early internet era. In the 1990s, analysts, investors, and founders struggled to apply familiar financial models to a radically unfamiliar technology. Companies with little more than a website and a pitch deck were valued in the hundreds of millions, sometimes billions, based on something as intangible as “eyeballs.”It didn’t end well. And yet, in hindsight, those chaotic early years offered valuable lessons: technology evolves faster than finance, and valuation models must eventually adapt to the shape of innovation.Today, we’re facing a similar dilemma in the blockchain space. Despite growing adoption, maturing infrastructure, and undeniable cultural and economic momentum, there’s still no widely accepted or standardized way...

Escalating tension in the Middle East between Iran and Israel continues to ripple through the cryptocurrency market, prompting significant downside for a number of altcoins.Despite NEAR Protocol's impressive milestone of reaching 46 million monthly users, the token has struggled to maintain price stability in the current geopolitical climate. It currently trades at $2.11 after falling from a high of falling from $2.38.Technical AnalysisNEAR experienced a significant correction, falling from $2.387 to $2.189, representing an 8.29% decline.A notable volume spike occurred during the 22:00-00:00 hours when prices broke below the $2.30 support level.Trading volume exceeded 6.5 million in a single hour—nearly triple the 24-hour average.Price action formed a descending channel with resistance at $2.29 and support at $2.19.Recent consolidation has occurred...