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Senate Banking Committee Chair Tim Scott says he’s looking to mark up a crypto market structure bill next month to have it on President Donald Trump’s desk by early next year.Scott told Fox Business on Tuesday that the committee has been negotiating with Democrats to reach a deal, but accused the party’s senators of stalling.“Next month, we believe we can mark up in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation making America the crypto capital of the world,” Scott said. Banking Committee Chairman Tim Scott…

Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year, driven by a high demand for equipment as multiple miners saw revenues increase.Canaan said on Tuesday that its total Q3 revenues increased 104% from last year to $150.5 million due to a “substantial volume of new orders,” with its mining equipment revenues making up the lion’s share at $118.6 million.James Jin Cheng, the miner’s chief financial officer, said in the company’s earnings call that a large number of sales came from clients in the US, who “started actively placing sizable…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Ethereum price has plummeted below the critical $3,000 level as the broader cryptocurrency market experiences an intense sell-off, triggering renewed uncertainty among traders. ETH is currently trading around $3,067, marking a 23% decline over the past month and signaling one of its steepest corrections of 2025. Long-Term Holders Accumulate, But Pressure Mounts Despite the sharp correction, on-chain data shows long-term Ethereum holders are doubling down. According to CryptoQuant, Ethereum is trading roughly 8% above the Accumulation Addresses Realized Price, a metric that tracks the cost basis…

PDAX, a regulated cryptocurrency exchange in the Philippines, has partnered with Web3 payroll provider Toku to enable remote workers in the country to receive wages in stablecoins.According to Tuesday’s press release, the new integration connects Toku’s token-based payroll system with PDAX’s regulated cash-out rails, enabling companies to send stablecoin wages through their usual payroll flows and allowing workers to convert earnings to pesos without incurring wire fees or delays.Toku routes payments directly to PDAX wallets or external addresses for real-time, onchain settlement. Workers can then cash out to nearly any Philippine bank or e-wallet, including GCash and GrabPay, while employers…

From phone app to global compute grid Before talking about “50 million nodes reshaping AI,” it helps to look at what Pi Network actually has today.Pi began as a smartphone mining app and grew into one of the largest retail crypto communities, with tens of millions of registered “Pioneers.”Behind the mobile layer sits a smaller but crucial group: desktop and laptop “Pi Nodes” running the network software. That’s where the AI angle starts. In Pi’s early AI experiments with OpenMind, hundreds of thousands of these nodes were used to run image-recognition workloads on volunteers’ machines.So, Pi isn’t starting from zero.…

Key takeawaysTraditionally tied to the last five trading days of December and the first two of January, the Santa Rally now influences Bitcoin and major altcoins as seasonal optimism, low liquidity and renewed risk appetite shape year-end trading.With institutional desks quiet during the final week of December, even small retail trades can move prices. Social media narratives, year-end bonuses and FOMO often amplify that effect.Retail traders chase narratives, quick trends and speculative opportunities, while whales focus on risk management, balance-sheet adjustments and optimizing capital ahead of the new year.The slowdown in institutional activity increases price sensitivity, making retail-driven surges in…

Disclaimer: The following blog is a proposal from the Account Abstraction team. Content may not imply consensus views, and the EF is a broad organization that includes a healthy diversity of opinion across Protocol and beyond that together strengthen Ethereum. Since the early days of Ethereum, the promise has always been bold: a global, permissionless, censorship-resistant computing platform. Today, that promise is more alive than ever. Ethereum has scaled through rollups, where blockspace is abundant and transactions are cheap. The challenge now is not just throughput, but seamless user experience across that multichain horizon. What if all the L2s felt…

Web3 startup aPriori has gone quiet after fresh allegations over its latest token airdrop, as onchain analysts flag unusually concentrated distribution patterns.About 60% of the recent aPriori (APR) token airdrop was claimed by a single entity across 14,000 interconnected cryptocurrency wallets, according to blockchain analytics platform Bubblemaps.The wallets were freshly funded through crypto exchange Binance with 0.001 BNB (BNB) each over a short period, Bubblemaps said. All of the addresses then sent their APR allocations to new wallets.The mysterious entity that claimed 60% of the airdrop allocations was still funding new wallets to claim more of these tokens, Bubblemaps said…

Grab, Southeast Asia’s largest super-app, is taking a deeper step into stablecoin infrastructure with a new exploratory agreement with StraitsX, a Singapore-based stablecoin issuer.The two companies announced on Tuesday that they had signed a memorandum of understanding (MOU) to develop a Web3-enabled settlement layer that brings digital asset wallets, programmable payments and stablecoin-based clearing into everyday consumer experiences. If approved by regulators and implemented, the system would allow Grab users to hold and spend StraitsX-issued tokens like XSGD and XUSD directly within the app, which is available in Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines, Cambodia and Myanmar.With Grab’s extensive reach…

Defunct Japanese cryptocurrency exchange Mt. Gox has made its largest Bitcoin move in eight months, even as it pushes back creditor repayments until late 2026.The Mt. Gox-labelled cold wallet transferred 10,608 Bitcoin (BTC) worth over $953 million into a new cryptocurrency wallet, marking its first large-scale transfer in eight months.The transfer was also the first movement above $1 million from the address since March 25, when 893 BTC worth $77.3 million were moved, according to Arkham.Mt. Gox still holds 34,689 Bitcoin worth about $3.14 billion at the time of writing. Mt. Gox-labelled wallet, transfers, balance history. Source: Arkham IntelligenceRelated: Corporate…