Samuel Kullmann, a member of the Swiss canton of Bern parliament, passed legislation to explore Bitcoin (BTC) mining as a potential solution to address surplus electricity production in the region. Lawmakers have tasked the Executive Council with preparing a comprehensive report on how Bitcoin mining could utilize unused energy and…

Ethereum (ETH) co-founder Jeffrey Wilcke transferred 20,000 ETH, equivalent to over $72 million, to Kraken on Nov. 28. His wallet still holds 106,006 ETH. CryptoQuant’s community analyst Maartunn highlighted that this is the fourth time Wilcke has transferred ETH to Kraken this year, surpassing $147 million. He first moved 4,300…

Ethereum’s DeFi sector is experiencing a revival, fueled by renewed market enthusiasm following Donald Trump’s election victory. The total value locked (TVL) in Ethereum’s DeFi ecosystem has surged past $80 billion, marking its highest level in over two years. These numbers come as key players like Aave and Uniswap have…

Russia’s Federation Council has approved sweeping amendments to the nation’s Tax Code, formalizing the taxation framework for digital currencies like Bitcoin (BTC). The legislation, adopted on Nov. 27, represents a critical step toward regulating the rapidly growing crypto sector while ensuring compliance with tax laws. Comprehensive tax laws The new…

Celo, a prominent Layer-1 blockchain, has seen its native token dump 5% after its upcoming transition to an Ethereum Layer-2 network within Optimism’s Superchain ecosystem turned “contentious.” On Nov. 27, Coinbase, the largest US-based crypto exchange, announced that it would not support Celo’s migration into a Layer 2 network. In…

XT Exchange has suspended all coin withdrawals after it confirmed the “abnormal transfer of assets” from its platform. In a Nov. 28 announcement, the firm revealed that about $1 million worth of assets in 12 different currencies was affected. It stated: “[We] identified an abnormal transfer of assets from the…

Tokyo-listed investment firm Metaplanet plans to raise 9.5 billion yen (approximately $62 million) to strengthen its Bitcoin portfolio. In a Nov. 28 statement, the company revealed that the funds will be raised through its 12th Series Moving Strike Stock Acquisition Rights. These rights will be allocated to EVO FUND via third-party…

According to a Standard Chartered report, stablecoins are shifting from initial use in crypto exchanges to broader applications in global finance. The study indicates that stablecoins are increasingly used for purposes akin to traditional finance, such as saving and transacting in U.S. dollars and facilitating cross-border payments. Standard Chartered comments…

Bankrupt crypto lender Celsius has announced the second round of payments to creditors. According to a Nov. 27 court filing, this phase involves the distribution of $127 million in assets that will cover 2.75% of total creditor claims. The payout follows an earlier round in August, which returned $2.53 billion…

Coinbase CEO Brian Armstrong has revealed ongoing efforts to obtain documentation through the Freedom of Information Act (FOIA) to uncover US banks’ full scope of crypto-related account closures. In a Nov. 27 post on X, Armstrong “confirmed” that several banks have cut ties with crypto stakeholders solely due to their…