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news.bitcoin.com Stablecoins Cross $300 Billion Milestone, Signaling Growing Role in Global Finance

Stablecoin market capitalization has surpassed $300 billion for the first time, led by Tether and USDC, with Ethena’s yield-bearing USDe as the third-largest player. The milestone highlights both crypto’s growing liquidity base and shifting competitive dynamics. USDT and USDC Dominate as USDe Gains Ground in Stablecoin Market The total value of stablecoins in circulation has […]

blockonomi.com Fitell Buys 216.8M PUMP Tokens as Nasdaq Grants 180-day Compliance Lifeline

TLDR: Fitell received a 180-day extension from Nasdaq to meet minimum bid price compliance, pushing the deadline to March 2026. The extension followed a 1-for-16 share consolidation aimed at stabilizing Fitell’s stock price on the Nasdaq Capital Market. Fitell expanded its crypto treasury by acquiring 216.8 million PUMP tokens on Solana for $1.5 million. The [...] The post Fitell Buys 216.8M PUMP Tokens as Nasdaq Grants 180-day Compliance Lifeline appeared first on Blockonomi.

blockonomi.com New York Bill Seeks Energy Excise Tax on Crypto Mining Activity

TLDR: Bill S.8518 taxes energy for proof-of-work crypto mining, with rates rising above 2.25M kWh in New York. Taxes scale from 2¢ to 5¢ per kWh for crypto miners above set thresholds under new NY plan. Exemptions apply if mining uses off-grid renewable energy not tied to electric grid. All collected funds would support energy [...] The post New York Bill Seeks Energy Excise Tax on Crypto Mining Activity appeared first on Blockonomi.