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cointelegraph.com Stablecoin bill passes in Northern Marianas as House overrides veto

The Pacific US territory of the Northern Mariana Islands has passed a bill allowing its small constituent island of Tinian to launch a stablecoin, overriding an earlier veto by the territory’s governor.The 20-member Northern Mariana Islands House voted 14-2 to undo Governor Arnold Palacios’ April 11 veto of the bill, which allows the Tinian local government to issue licenses to internet casinos and includes a provision for the Tinian treasurer to issue, manage and redeem a “Tinian Stable Token.” The territory’s nine-member Senate had revived the bill on May 9, voting 7-1 in a two-thirds majority to override the veto, which then needed a two-thirds majority in the House to pass.Representative Marissa Flores (top left) had urged for “thoughtful deliberation” on the internet gaming and stablecoin bill. Source: YouTubeOriginally, a four-member Tinian delegation to the Marianas legislature had unanimously passed the bill to Governor Palacios on March 12.It may put the Tinian government in the lead to be the first US public entity to issue a stablecoin, which it must do before July if it’s to beat the state of Wyoming government, which is aiming to issue a stablecoin by then.Tinian has just over 2,000 residents and a largely tourism-based economy. Its local government, the Municipality of Tinian and Aguiguan, is one of four municipalities in the Commonwealth of the Northern Mariana Islands, a US territory in the Pacific Ocean north of Guam.Governor Palacios said in a letter that he vetoed the bill as it “presents several legal issues and may be unconstitutional,” would regulate an activity that could not “be clearly restricted” to Tinian and that it lacked needed enforcement measures to counter illegal gambling.The stablecoin is called the Marianas US Dollar (MUSD) and will be backed by cash and US Treasury bills held in reserve by the Tinian Municipal Treasury, according to statements shared with Cointelegraph in March.The Tinian government chose local tech services firm Marianas Rai Corporation as the exclusive infrastructure provider for MUSD, which will be launched on the eCash blockchain, a network that rebranded from Bitcoin Cash ABC in 2021 and is a fork of Bitcoin Cash, a blockchain forked from Bitcoin.A Marianas Rai Corp. spokesperson did not comment beyond telling Cointelegraph the company would announce more on MUSD on May 19.“Bitter pill to swallow”Before the vote, House lawmakers heard from the public and discussed overturning Governor Palacios’ veto before they voted it through, with independent House floor leader Marissa Flores airing concerns over the bill.Marianas Rai Corp. co-founder and technology chief Vin Armani had urged lawmakers to undo the veto, saying the bill would “attract billions of dollars of investment and tax revenue” from the crypto industry without the government having to pitch in.Clyde Norita, a Marianas Rai Corp. director and local legal cannabis mogul, told the House that the local economy was “dying out” and the bill would allow business in the region “without affecting our culture, without affecting our environment, without affecting our immigration status.”Representative Flores, who voted against the override, said, "Every time we talk about casinos, there’s always some kind of bitter pill to swallow.”Related: Stablecoin regulation 'next catalyst' for crypto industry — Aptos head “It is true, we are in dire need of money, but what I don’t like is when we are desperate, and we are now forced to make a decision because we are desperate once again,” she added. “Every time we’re desperate, it always seems that we come back to casinos.”“I don’t like to be pushed to a corner to make a decision based on fear,” Flores said.Others were more supportive of the measure, with Republican Representative Patrick San Nicolas, a Tinian delegation member who initially voted on the bill, saying it would help pull the region out of “a deep economic crisis.”“We need this legislation to unlock our potential,” he added. “This bill does not depend on tourists or federal subsidies — it builds a digital industry generating revenue from a licensed jurisdiction.”Legal Panel: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight 

themerkle.com Spartans vs Stake: Over 5,963 Casino Games to Explore

Bored of Stake’s Game Loop? Spartans Delivers 5,963+ Titles with Game-changing Features Most players know what it’s like to open a casino site and see the same slot lineup again. Stake has a strong collection, but after a while, the game list begins to feel familiar. That’s where Spartans steps in. With more than 5,963 games from over 43 providers, Spartans brings more variety in both gameplay and design. There are high-volatility slots, wild themes, crash games, live dealers, and even game shows, all made for crypto play. It’s not just more games, it’s a platform built to hold attention. The post Spartans vs Stake: Over 5,963 Casino Games to Explore appeared first on The Merkle News.

news.bitcoin.com Bitcoin and Stocks Tumble on Weak Jobs Data

Investors were left jaded as new U.S. employment data came in weaker than anticipated, with significant downward revisions to boot. Lackluster Jobs Data Sends Bitcoin and Wall Street into Red Territory A disappointing July jobs report with lower-than-expected employment numbers and drastic revisions of data from previous months plunged stock and crypto markets into a […]

themerkle.com Top 5 Synthetics Tokens Below 10M Market Cap To Watch

Synthetic tokens are gaining momentum in decentralized finance (DeFi), offering a way to gain exposure to assets like stocks, commodities, and cryptocurrencies without directly holding them. With market capitalizations under $10 million, these tokens remain largely overlooked but they could offer significant upside for those paying attention. Note: This list is sorted in no particular order. All data and information are from CoinMarketCap. BITSHARES (BTS) BitShares Blockchain is a decentralized “Blockchain as Organization” (BaO); an industrial-grade decentralized open source platform built to run high-performance financial technology operations. It represents the first decentralized autonomous decentralized community that enables its core utility The post Top 5 Synthetics Tokens Below 10M Market Cap To Watch  appeared first on The Merkle News.

bitcoinist.com Trump’s US Strategic Bitcoin Reserve Still In Play, Director Reveals

According to a top White House official, the Donald Trump administration is pressing ahead with its plan to establish a US Strategic Bitcoin Reserve. Despite its brief mention in a recent digital assets policy report, the initiative remains firmly in play and is considered a key pillar of the administration’s crypto agenda.  Trump Reaffirms US […]

news.bitcoin.com Strategy’s In-House Credit Products Key to Weathering Bitcoin Market Swings

Strategy executives fielded analyst questions on July 31, covering credit resilience, market positioning, and bitcoin accumulation during the firm’s Q2 2025 earnings call. Strategy Execs Tout Resilience Amid Potential Bitcoin Slumps The Q&A session during the Strategy earnings call included comments from Executive Chairman Michael Saylor, CEO Fong Li, and CFO Andrew Kang, as they […]

bitcoinist.com SEC Chair Paul Atkins’ ‘Project Crypto’ Sets the Stage for the Next Cryptos to Explode

Yesterday, Securities and Exchange Commission (SEC) Chairman Paul Atkins announced ‘Project Crypto’ – a bold new initiative he describes as ‘the SEC’s north star in aiding President Trump in his historic efforts to make America the crypto capital of the world.’ Ultimately, it aims to modernize US financial regulations and bring crypto innovation onshore by […]

bitcoinist.com Ethereum Elite Shift: ETH Foundation Loses Top‑3 Spot As Corporate Buyers Surge Ahead

The race for an Ethereum treasury reserve is heating up, as multiple big companies continue to accumulate the second-largest crypto asset at a rapid rate and scale. While accumulation at the institutional level has spiked, the Ethereum Foundation has lost its position as the leader in ETH holding rankings. New Institutions Overtake Ethereum Foundation In […]

news.bitcoin.com Gate US Officially Launches to Offer Secure and Compliant Crypto Trading to U.S. Customers

This content is provided by a sponsor. PRESS RELEASE. Gate US, the localized platform powered by global crypto leader Gate Group, has officially launched in the United States, now offering spot trading services tailored for U.S. customers. With a focus on security, simplicity, and regulatory compliance, Gate US aims to provide a seamless crypto trading […]

blockonomi.com Quantum DeX: The Future of Cross-Chain AI Trading

The DeFi landscape is evolving rapidly. From basic swaps and bridges, we’re now stepping into an era of instant, AI-powered cross-chain liquidity – all without third-party tools or centralized infrastructure. While most DEXs have remained stagnant, offering just new tokens and fancy interfaces, the core issues persist. Cross-chain bridging remains risky, new token liquidity is [...] The post Quantum DeX: The Future of Cross-Chain AI Trading appeared first on Blockonomi.

bitcoinist.com Best Altcoins to Buy Now – Grok’s Top 3 100x Picks in August 2025

What a wild month July turned out to be for altcoin investors! Not only did Bitcoin, the granddaddy of all cryptocurrencies, break out to fresh all-time highs, but major tokens like XRP, Solana, and Ethereum also staged impressive rallies. With the market now brimming with momentum heading into August, we turned to Grok, X’s powerful […]

news.bitcoin.com Cryptoquant: Third Profit-Taking Wave Mirrors Past Cycles, Hints at Future Breakout

Cryptoquant data reveals bitcoin is undergoing its third significant profit-taking wave of the 2023–2025 bull market, typically followed by a consolidation phase before new highs. Post-Profit Consolidation Expected for Bitcoin, Ethereum According to a Cryptoquant Institutional Insights report, this wave emerged after bitcoin ( BTC) surpassed $120,000 in late July 2025. It mirrors prior profit-taking […]

blockonomi.com Best Cryptos Under $1: Unilabs Finance (UNIL) Better Choice Than DOGE & PEPE Decline

The Dogecoin price along with Pepe coin have been struggling lately. With both of these big memecoins plunging, it looks like that the market is losing popularity. At the same time, Unilabs Finance is standing out for its focus on real-world use and steady growth. While all three coins offer affordable entry points, let’s find [...] The post Best Cryptos Under $1: Unilabs Finance (UNIL) Better Choice Than DOGE & PEPE Decline appeared first on Blockonomi.

blockonomi.com Ethereum Price Clings to $3.6K With $7K ETH Target Still in Play

TLDR: Ethereum price holds steady near $3,600 despite recent dip, keeping its bullish structure intact. RSI divergence signals hidden strength as ETH consolidates near major resistance. Breakout above $3,600 could trigger a rally toward 0.618 and 0.786 Fibonacci levels. Failure to clear resistance may force a retest of key support near the 200-day EMA. Ethereum [...] The post Ethereum Price Clings to $3.6K With $7K ETH Target Still in Play appeared first on Blockonomi.

blockonomi.com Why Polkadot And Cardano Investors Are Setting Their Sights On Joining This Top Crypto Presale Early

It always starts the same way: quiet entries, a few savvy buys, and then the rush. That’s exactly what’s happening as Polkadot and Cardano investors begin rotating into Rollblock, a new GambleFi altcoin with a live platform, growing revenue, and massive upside potential. While ADA and DOT continue building steadily, Rollblock is already gaining momentum [...] The post Why Polkadot And Cardano Investors Are Setting Their Sights On Joining This Top Crypto Presale Early appeared first on Blockonomi.

blockonomi.com SOL Strategies and ARK Invest Partner Through Staking ETF, Bullish For Solana Price Or Better Opportunity Elsewhere?

Solana Price is back in the spotlight with the launch of a new staking ETF partnership between SOL Strategies and ARK Invest. Some investors are taking it as an indicator that the future looks good for the blockchain, but others are wondering whether this action actually sends Solana Price or whether better opportunities that have [...] The post SOL Strategies and ARK Invest Partner Through Staking ETF, Bullish For Solana Price Or Better Opportunity Elsewhere? appeared first on Blockonomi.

bitcoinist.com Crypto Alliance: Bolivia And El Salvador Sign Pact As Economy Wobbles

Bolivia’s Central Bank and El Salvador’s Digital Assets Commission signed a deal this week to work together on crypto rules and tools. It went into effect right away and has no end date, at least based on initial reports. Related Reading: Crypto In The Courtroom—2025 Class Actions Could Hit All-Time High According to the Memorandum […]

news.bitcoin.com Metaplanet Files $3.7B Shelf Registration to Fund More Bitcoin Buys

Tokyo-listed Metaplanet Inc. announced Friday it has filed a shelf registration statement to potentially issue up to ¥555 billion ($3.7 billion) worth of perpetual preferred shares, aiming to fund its strategy of acquiring more bitcoin. The move is part of the company’s ambitious “Bitcoin Plan,” targeting the accumulation of 210,000 bitcoin between 2025 and 2027. […]

blockonomi.com How to Earn $8,888 Using XRP, BTC, and ETH on SIMMining

As the cryptocurrency market continues to expand, more and more investors are becoming aware of the potential of digital assets. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as mainstream currencies, have attracted significant attention. However, traditional mining methods are daunting for the average investor due to high hardware costs, complex technical requirements, and energy consumption. [...] The post How to Earn $8,888 Using XRP, BTC, and ETH on SIMMining appeared first on Blockonomi.

blockonomi.com PENGU Price Slips as $0.029 Support Looms Large

TLDR: PENGU price drops 8% in 24 hours, sliding toward $0.029–$0.030 critical support zone. Traders eye a possible bounce to $0.036 if $0.029 holds as a demand area. A breakdown below $0.029 could trigger a sharp move toward $0.026–$0.025. $1B+ daily volume keeps PENGU highly liquid, allowing fast price swings near support. Pudgy Penguins (PENGU) [...] The post PENGU Price Slips as $0.029 Support Looms Large appeared first on Blockonomi.