Canada is tightening its approach to crypto fundraising as it moves to ban cryptocurrency political donations to improve election transparency, with a bill entering its first reading. The Strong and Free Elections Act (Bill C-25) would prohibit the use of crypto assets such as Bitcoin for political donations, representing a broader shift in policy that mirrors recent actions in other jurisdictions. The development comes as regulators worldwide intensify scrutiny of crypto-related activities, following the UK’s temporary ban on crypto political donations. In related industry news, the World Foundation disclosed over-the-counter trading information showing $65 million worth of WLD sold in the past week, with some tokens locked up for six months and an average sale price near $0.2719, including about $25 million subject to a six-month lock-up.
Separately, the Sui blockchain ecosystem announced upgrades to the mainnet (V1.68.1) and protocol (version 118) with address aliases enabled to bolster metadata security and reduce node crashes during abnormal transactions. The Sui mainnet has been upgraded to V1.68.1, and the protocol has been upgraded to version 118, with address aliases enabled. Sui officially announced that the mainnet has been upgraded to V1.68.1 and the protocol has been upgraded to version 118. The main contents of this upgrade include enabling address aliases on the mainnet, enhancing the metadata security in the Sui System, and fixing the issue that could cause full nodes to crash when simulating abnormal transactions containing invalid fund withdrawals.
Coinbase apologized for push notifications on prediction markets, citing a bug. The Coinbase Bitcoin Premium Index has been in negative territory for 10 consecutive days, currently at -0.0857%. The Trump team appears to have dumped over $16.06 million worth of Trump tokens. Michael Saylor posted, “It’s time to put my laser eyes back on,” seemingly expressing optimism about Bitcoin.
Peter Schiff warned that crypto mortgages could significantly increase home purchase costs and amplify default risks. Glassnode: Bitcoin is currently at the lower end of the cost range for new investors, and the strength of its accumulation of shares is still insufficient. Hunan police cracked a new type of investment fraud involving virtual currency and a “cash-on-delivery” scheme, seizing 310 grams of gold. Kalshi faces a new lawsuit in Washington state, underscoring rising regulatory scrutiny across crypto market infrastructure.
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