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Michigan’s House Bill 4087 proposes establishing a cryptocurrency reserve using up to 10% of select state funds to help stabilize revenue and employment during economic recessions.
Pi Coin is back in the spotlight following the rollout of Protocol v23 on its testnet, an upgrade that aligns the project with Stellar Core Version 23.0.1.
Grayscale has launched GDLC, the first multi-asset crypto ETP in the US, offering diversified exposure to Bitcoin, Ethereum, and other large caps.
Pi Network’s Fast Track KYC feature is powered by AI, enabling early verification and mainnet wallet activation, and could soon trigger a Pi coin price rally.
Quick Take Sky (formerly MakerDAO) opened a governance vote to set a 1% “Delayed Upgrade Penalty” on MKR-to-SKY conversions. If approved, the fee begins Sept. 22, and it increases by one percentage point every three months, but upgrades before the deadline are exempt. The penalty is part of Sky’s Endgame overhaul to retire MKR and make SKY the sole governance token.
- 20:22The US SEC will issue guidelines for cryptocurrency custody servicesJinse Finance reported that the U.S. Securities and Exchange Commission (SEC) released an investor guidance announcement on Friday regarding crypto wallets and custody, outlining to the public the best practices and common risks associated with different forms of crypto asset storage. The SEC's announcement listed the pros and cons of various crypto custody methods, including a comparison between self-custody and third-party custody of digital assets. If investors choose third-party custody, they should understand the custodian's relevant policies, including whether the custodian will "re-pledge" the assets (profiting by lending out the assets), or whether the service provider will commingle client assets in a single pool rather than holding crypto assets separately in individual client accounts.
- 19:40The total open interest of Ethereum contracts across the entire network is currently about $40 billions.Jinse Finance reported that on December 14, according to Coinglass data, the total open interest of Ethereum contracts across the network reached 12.85 million ETH, equivalent to approximately $39.93 billions.
- 19:23Negotiations on the U.S. crypto market structure bill may be postponed until January next yearBlockBeats News, December 13 — According to sources, due to several key disagreements remaining unresolved, negotiations in the U.S. Senate regarding the cryptocurrency "Market Structure Bill" may be postponed until January next year. This bill is currently the core lobbying target of the crypto industry, but as the holidays approach, Democrats, Republicans, the White House, and the crypto industry have yet to reach a consensus amid ongoing multi-party negotiations. The main unresolved issues include: ethical standards for government officials participating in digital assets (especially involving Trump himself), whether stablecoins can be linked to yields, the scope of authority of the U.S. Securities and Exchange Commission (SEC) in token regulation, and the regulatory boundaries for decentralized finance (DeFi). Despite these disagreements, the pace and intensity of Senate negotiations remain high, and industry lobbyists are still hopeful that the bill will enter the formal committee review stage in the coming weeks.