Senate Stalls on Crypto Bill: Stablecoins Spark a Political Duel 🏛️💸

Yonder Lummis, bless her stubborn heart, resists the combined pressures of both Republicans and Democrats to alter the interest language. The banking industry, ever the schemers, argues this creates a loophole for crypto exchanges to offer rewards-i.e., pay interest-while wearing the mask of virtue. “I’m of the opinion we should leave the stablecoin bill alone,” she declared to reporters, “we’ve got enough problems with market structure.” Aye, and who among us hasn’t? The crypto crowd, meanwhile, has launched a campaign to preserve their precious rewards, as if the fate of liberty itself hinges on the interest rate of a USD-backed token. 🚨

The Old Ocean’s New Wave: Pharos’s Testnet Here to Shake Up Sea of Liquidity

Everybody’s got their eye on the horizon, whispering about trillions in real-world asset (RWA) liquidity floating into the blockchain. But right now, it’s a few billion, fluttering around like fireflies in the night. Pharos has already hoisted its flag in this endless sea, clocking over three billion transactions since May-more than some folks’ entire lives of web surfing. Now with AtlanticOcean in the mix, that number’s bound to climb, like barnacles on a ship’s hull, stubborn and relentless.