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The State Duma of Russia has passed the digital currency bill on its first reading, granting the central bank control over market access and transaction regulation

The State Duma of Russia (the lower house of parliament) has passed the "Digital Currency and Digital Rights Bill" in the first reading, marking a key step towards the legalization of cryptocurrency assets in the country.According to the bill, the Bank of Russia will become the core regulatory body for the cryptocurrency market, responsible for issuing licenses, approving or prohibiting related transactions, and defining the legality of transactions. The bill proposes to classify cryptocurrencies as "property," but explicitly prohibits their use as a means of payment domestically, with the ruble remaining the only legal tender. However, in the context of Western sanctions, cryptocurrency assets can be used for cross-border trade settlements, including service payments, intellectual property transfers, and other scenarios.In addition, the bill allows Russian residents to legally invest in cryptocurrency assets through licensed institutions, but will implement a tiered investor system, setting testing and annual investment limits for ordinary investors (with a suggested cap of 300,000 rubles). Initially, only high-market-cap mainstream assets like Bitcoin and Ethereum will be allowed for trading, with a whitelist established by the central bank. The bill is expected to be formally passed and come into effect by July 2026 at the latest. However, some lawmakers and banking industry figures have criticized the overly strict regulations, which may affect market activity and even lead to funds remaining in the gray market. At the same time, accompanying legislation is also proposed to introduce criminal penalties, with a maximum sentence of 7 years in prison for illegal cryptocurrency trading.

first_img Mysten Labs co-founder: Sui will achieve zero transaction fees across the network, becoming the global commercial settlement layer for the AI intelligent economy

ChainCatcher reported live that Adeniyi Abiodun, co-founder and Chief Product Officer of Mysten Labs, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He stated that the core team members come from Facebook and were responsible for launching the global payment network Libra, aiming to make fund transfers as simple as sending messages. He announced that Sui will be the first high-speed public blockchain to achieve zero transaction fees for transfers across the network, regardless of the transfer amount ranging from $0.0005 to $1 billion, covering all stablecoins such as USDC, USDT, and Sui Dollar.In terms of privacy, Sui will provide bank-grade on-chain privacy, utilizing advanced cryptography to ensure that transaction history and balances are not visible to third parties, while fully compliant with regulatory requirements. Regarding yields, he introduced the Sui Dollar launched in collaboration with Stripe, which generates approximately 3.5% returns that will be directly reinvested into the network ecosystem and users, rather than flowing to intermediaries.He also announced the launch of the Bitcoin DeFi protocol Hashi aimed at institutions, allowing sovereign wealth funds, hedge funds, and ETF holders to deploy Bitcoin into DeFi for yields without triggering taxable events, supported by legal opinions from top U.S. law firm Fenwick & West. Additionally, Sui's on-chain deep order book DeepBook supports large transactions with extremely low slippage for instant on-chain exchanges between assets such as BTC, gold, USD, and EUR.In the AI agent economy, he pointed out that Stripe estimates a need for processing capacity of 1 billion transactions per second in the future, while Sui employs a horizontally scalable architecture similar to that of Google Search and Facebook infrastructure, capable of scaling on demand to millions or even tens of millions of TPS. The full-stack atomic composability provided by Sui is its core differentiated advantage, allowing agents to execute multiple cross-application transactions simultaneously and settle them in one go, which cannot be achieved on AWS, Google, or any existing Web3 platform. He also announced a partnership with RedotPay, enabling users to spend Sui Dollars at over 130 million merchants worldwide and positioning Sui as an alternative to SWIFT.

XRP Ledger introduces Boundless to enable public chains to achieve bank-level privacy and compliant transactions

XRP Ledger announced the integration of zero-knowledge infrastructure provider Boundless to support banks and asset management institutions in executing transactions on the public chain that balance privacy protection and compliance.According to reports, this solution can hide sensitive information such as transaction size, frequency, and counterparties, while still allowing regulatory agencies to conduct audits through selective disclosure and role-based access control, thus achieving a balance between privacy and compliance. This integration will support institutional scenarios such as cross-border B2B payments, fund and capital management, over-the-counter (OTC) trading, tokenized asset issuance, and on-chain trading and lending.Industry insiders believe that the contradiction between the transparency of public chains and the demand for privacy has always been a significant barrier to institutional adoption, and this solution aims to reduce the so-called "transparency tax." Meanwhile, competition in the privacy track continues to heat up. Technologies such as zero-knowledge proofs (ZK) and fully homomorphic encryption (FHE) are accelerating implementation, pushing privacy capabilities from optional features to underlying infrastructure. Data shows that the market size of tokenized assets has reached approximately $29.25 billion, with a monthly increase of about 7.9%.
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