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In brief Solana Company says it has deepened its on-chain strategy by adding Twinstake and Helius as institutional validators, expanding its $396 million Solana treasury. The Nasdaq-listed firm, formerly a medical device maker, has rebranded as a Solana-focused treasury vehicle after a 96% stock decline this year. Chairman Joseph Chee said the firm is “leaning into market pressure,” as it pursues regulated staking and governance exposure to the Solana network. Solana Company (Nasdaq: HSDT), one of the few U.S.-listed firms holding Solana on its balance sheet, has expanded its digital asset treasury operations by partnering with staking providers Twinstake and…

Coinbase CEO Brian Armstrong says he’s optimistic that US senators are moving closer to advancing key cryptocurrency market structure legislation by Thanksgiving, suggesting that there’s now far more agreement on both sides of the aisle than there are differences.“Even though the government is shut down, the Senate is working hard on getting market structure legislation passed for crypto,” Armstrong said in a video posted on X.According to Armstrong, roughly 90% of the legislative framework has already been agreed upon, with the remaining 10% focused on issues like decentralized finance (DeFi). He added that policymakers are looking for ways to protect…

Bitcoin’s next move higher will be determined by at least three factors, according to analysts. Bitcoin has been rangebound for the past week, trading around a support and resistance zone at $108,000; however, its next move up could be very soon, say analysts. This year has largely been a “positioning reset for Bitcoin’s market structure in spot and derivatives,” said crypto entrepreneur Joe Consorti on Thursday. He added that there has been long-term holder distribution above $100k and $110k, “paired with macro headwinds preventing a sustained bid to counteract the distribution,” and this has all been capped off by a…

In brief Trezor launched its Trezor Safe 7 hardware wallet this week. The company said it is built with a ‘quantum-ready’ bootloader and architecture. Chainalysis data shows $2.17 billion was stolen from crypto services in the first six months of this year. Trezor has launched a new version of its hardware wallet that it claims is prepared for a post-quantum world, saying it is taking aim at future threats to digital assets even as crypto crime surges today.“We anticipate future risks by building our devices to be secure not only against today’s threats but also tomorrow’s,” Tomáš Susanka, Trezor’s chief…

Today in crypto, Polymarket odds of SBF receiving a pardon this year have surged, Binance founder Changpeng “CZ” Zhao received a pardon from US President Donald Trump, clearing the way for a possible return to the exchange. Revolut secured a MiCA license from the Cyprus Securities and Exchange Commission.Polymarket bets that Sam Bankman-Fried gets pardon surge to 12%Polymarket bettors have now tipped a 12% chance that former FTX CEO Sam Bankman-Fried will be pardoned this year, after Binance CEO Changpeng “CZ” Zhao was let off the hook this week. Polymarket odds for “Who will Trump pardon in 2025” saw SBF’s odds rise from…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Will Sam Bankman-Fried, the former CEO of FTX, be pardoned?Bettors on Polymarket say its a long shot, but odds have jumped by 5 percentage points to 12% after Binance founder Changpeng ‘CZ’ Zhao was pardoned by Trump Thursday U.S. time. Over on Kalshi, there was a larger jump, where a contract asking about a SBF pardon rose by…

Crypto analysts speculate the long-awaited altcoin season may not be far away, but indicators are painting a different picture. A “massive liquidity shift” later this year will lead to a “parabolic pump” for altcoins, predicted crypto analyst “Ash Crypto.”The majority of altcoins have been lackluster this year, despite Bitcoin (BTC) surging 680% from its November 2022 bear market low and other major assets, such as tech stocks and gold, hitting all-time highs. Investors are concentrating on safe-haven assets this year due to trade tariff concerns and geopolitical tensions, he said. “So currently, the liquidity is only in low-risk assets, and if you…

In brief Proof-of-work layer-1 network Tari has developed a mining infrastructure that, it claims, can have users up and running within 45 seconds. Tari Universe is billed as “the world’s easiest to use mining app,” and can be installed on nearly any Mac or PC. Tari is designed around “pragmatic” privacy controls. Crypto mining is the foundation upon which the infrastructure of decentralized finance is built—but it has a high barrier to entry, requiring specialist equipment and technical expertise.That runs counter to the whole ethos of crypto, according to DeFi project Tari—so for its own layer-1 blockchain, it’s developed a…

A solo Bitcoin miner has become the latest lucky person to win the “Bitcoin mining lottery,” pocketing a $347,455 block reward.Bitcoin node infrastructure company Umbrel said the solo miner won the block via the Public Pool Bitcoin mining pool, earning the 3.125 Bitcoin (BTC) block reward and a 0.016 BTC transaction fee on top.It took place at block height 920,440, on Thursday at 7:32 pm UTC, Mempool.space data shows.While solo Bitcoin miners winning blocks isn’t uncommon, this one was more impressive as the miner secured the block entirely on their own by running a solo mining pool as opposed to…

The DEX token is up 12% today after falling more than 50% from its all-time high.Aster, the decentralized exchange (DEX) on BNB Smart Chain (BSC), is surging today after announcing its new incentives campaign dubbed “Rocket Launch.”Rocket Launch will be a series of campaigns with reward pools filled with ASTER tokens and participating project tokens. Participants will earn rewards based on their trading volumes for specific spot or perp trading pairs. To be eligible, participants must also hold a minimum undisclosed amount of ASTER tokens.ASTER is up 8% since the announcement, and up 12% over the last 24 hours, driven…