House Democrats Consider New Stablecoin Bill Proposal: Source

House Democrats on the Financial Services Committee are considering a new version of proposed stablecoin bill weeks after Republicans on the committee introduced their own discussion draft.Source

Binance Announces Exit from Canada, Citing Regulatory Tensions

The world’s largest crypto exchange by volume said new guidance related to stablecoins and investor limits prompted the exit.Source

Bitcoin Miner Riot Sues Peer Rhodium Enterprises for Alleged $26M in Unpaid Fees

Participation in demand response programs in Texas are at the core of a disagreement between the two mining firms.Source

Staking Platform Agility Soared After Ethereum’s Shapella Upgrade, but It’s Suffered Ever Since

Key metrics like total value locked (TVL) and the price of its AGI token have tumbled recently, following their post-Shapella runup.Source

Ethereum Resumes Finalizing Blocks after Second Performance Hiccup in 24 Hours

Finality refers to the guarantee that a block cannot be altered and removed from the Ethereum blockchain.Source

MakerDAO Founder Proposes Plan for Upgraded Versions of DAI Stablecoin, Governance Token

Rune Christensen also proposed to incorporate artificial intelligence-assisted processes into Maker’s governance.Source

Bitcoin Loses 10% on the Week as Memecoins Tumble

Among the memecoins sliding was PEPE, which lost over 60% over the last 7 days.Source

Frogs, Fevers and Fees: Bitcoin’s New Governance Challenge

The creation of Bitcoin-based meme coins using the new BRC-20 standard has driven up Bitcoin fees as they use more data than a basic Bitcoin transaction. But while some developers in the Bitcoin community are proposing a filter to block Bitcoin NFT projects, such censorship could run counter to Bitcoin’s open-source characteristics, CoinDesk’s chief content officer Michael Casey argues.Source

Sam Bankman-Fried’s Ties to George Santos Are Just the Beginning

The indicted congressman, who wildly embellished his background, received big donations from FTX executives. That was just one strand in Bankman-Fried’s tangled influence-peddling web.Source

Paradigm-Backed NFT Ownership Platform Tessera is Shutting Down

Co-founder Andy Chorlian tweeted that the decision was made after “carefully analyzing possible market scenarios, our company structure and our financial situation.”Source