Senator Cynthia Lummis has introduced a new bill aimed at codifying significant crypto tax exemptions, addressing key industry demands that were absent from President Trump’s recent reconciliation bill. The legislation
Tether and Adecoagro have signed a memorandum of understanding to explore a joint Bitcoin mining project using renewable energy in Brazil, according to an announcement published on July 3. Key Takeaways: Tether and Adecoagro signed an MoU to explore Bitcoin mining powered by renewable energy in Brazil. The project uses Adecoagro’s 230 MW energy capacity and Tether’s operational tools. South America is emerging as a new base for renewable-powered crypto infrastructure. The announcement said that the plan would use Adecoagro’s 230 megawatts of renewable power capacity across South America to run Bitcoin mining operations. Tether and Adecoagro To Power Bitcoin Mining With Renewable Energy In Brazil Learn more: https://t.co/Q8NhdgG79q — Tether (@Tether_to) July 3, 2025 Tether to Deploy Mining OS in South America Tether will provide infrastructure and operational oversight through its in-house Mining OS, which the company plans to release as open source in the coming months. “We’re excited to explore innovative ways to maximize the value of our renewable energy assets,” said Adecoagro co-founder and CEO Mariano Bosch. “This project opens the door to stabilizing a portion of the energy we currently sell on the spot market, locking in pricing, while also gaining exposure to the upside potential of Bitcoin,” said Bosch. The pilot project has been approved by Adecoagro’s Independent Committee under its related-party transaction policy. The companies plan to evaluate how Bitcoin mining could serve both as an alternative electricity off-take and a strategic treasury component. Tether CEO Paolo Ardoino said the initiative stresses the firm’s goal to back decentralized networks with physical infrastructure. “We believe this model can drive financial inclusion, promote energy efficiency, and serve as a blueprint for responsible innovation at the intersection of technology and sustainability,” he said. Renewable-Powered Bitcoin Mining Gains Ground Adecoagro Board Chair Juan Sartori, who also leads Tether’s business initiatives, described the plan as a convergence of agriculture, energy, and technology. “[The partnership] allows us to explore a new intersection between agriculture, energy, and technology,” he said. The companies said the project will assess the viability of adding Bitcoin to Adecoagro’s balance sheet, similar to how it treats farmland assets. The collaboration could also inform longer-term diversification of Adecoagro’s energy strategy. Bitcoin mining tied to renewable energy is drawing increased attention from energy producers looking to balance load and monetize excess supply. South America’s emerging role in sustainable mining is also shaping how institutions assess digital asset exposure. While past mining growth concentrated in North America and Central Asia, companies in Brazil, Paraguay, and Argentina are starting to frame crypto infrastructure as part of their broader energy and industrial strategies. Frequently Asked Questions (FAQs) What distinguishes Brazil’s energy profile for crypto mining? Brazil has a high share of renewable electricity—mainly hydro and biomass—which makes it an appealing base for energy-intensive activities that seek low-carbon operations, including Bitcoin mining. How could this affect Bitcoin’s environmental reputation? If scaled, projects like this may shift the narrative around Bitcoin’s carbon footprint by anchoring mining operations in clean energy regions, particularly in the Global South. Are there risks in linking corporate energy strategies to crypto markets? Yes. Bitcoin price volatility and regulatory uncertainty could impact financial planning, especially if mining becomes a sizable part of a company’s energy demand or treasury model. The post Tether Targets South America’s Surplus Power for Low-Carbon Bitcoin Mining – But Will Volatility Bite? appeared first on Cryptonews .
US Senator Cynthia Lummis has introduced a comprehensive draft bill aimed at reforming the taxation of digital assets, targeting issues like double taxation and unclear tax policies affecting crypto staking,
Sen. Cynthia Lummis (R-WY) introduced a bill Thursday that would codify many crypto tax perks industry leaders were hoping to include in President Trump’s reconciliation bill.
Weeks after outlining a bold plan to acquire up to $1B in BNB, Nano Labs has made its opening move. The $50 million transaction was executed off-exchange, signaling careful accumulation and a long game with potential macro implications for BNB liquidity. In a press release on July 3, Nasdaq-listed Nano Labs confirmed it had purchased 74,315 BNB ( BNB ) tokens in an over-the-counter (OTC) deal, paying an average price of $672.45 per token. The transaction, totaling roughly $50 million, boosts the company’s combined crypto reserves, which include Bitcoin (BTC) and BNB, to approximately $160 million. The move marks the first major step in Nano Labs’ previously announced strategy to aggressively accumulate BNB, with an ultimate target of holding 5% to 10% of the token’s circulating supply. You might also like: Bitget Wallet cuts on-chain TRON USDT transver costs by 50% Nano Labs’ crypto pivot: a high-stakes bet beyond chipmaking Nano Labs seems to be rewriting its business model. The company’s $50 million BNB purchase, executed off-exchange, is more than a treasury play; it’s a calculated shift away from the volatile hardware sector that once defined it. According to Nano Labs’ recent financial report , its iPollo mining chips plummeted 39% in the second half of 2024, while losses narrowed primarily due to cost-cutting, not growth. The company posted just $2.2 million in revenue in the second half of 2024, a 39% decline year-over-year. Its losses, while narrowed, still clocked in at $8.4 million. But the optics change when viewed through the lens of balance sheet strategy. With R&D slashed by 62% and gross margins propped up by inventory adjustments, the Nano Labs’ pivot to crypto reserves looks less like an experiment and more like a survival strategy. Nano Labs’ previously unannounced 400 BTC reserve, acquired at a total cost of $40 million, was the first public pivot in that direction. This latest BNB buy expands that playbook and sets the stage for a far more aggressive accumulation push, with the company eyeing up to $1 billion in future purchases through zero-interest convertible notes. This playbook echoes the one written by Strategy. But where Strategy bet on Bitcoin’s scarcity, Nano Labs is targeting BNB’s utility. The token underpins one of crypto’s most active blockchains, yet trades at a 20% discount to its peak, weighed down by Binance’s regulatory baggage. If Nano Labs can amass 5-10% of BNB’s supply, it wouldn’t just corner the market—it could force a reevaluation of the token’s institutional viability. The Institutional BNB playbook Nano Labs isn’t alone in this wager. Former Coral Capital executives are raising $100 million through a Nasdaq shell company to hoard BNB, aiming to rebrand it as a corporate reserve asset. Their pitch mirrors Nano Labs’ logic: BNB’s value lies in the BNB Smart Chain’s ecosystem, not Binance’s legal woes. But the risks are stark. Unlike Bitcoin, BNB’s supply remains partly controlled by Binance, with 80 million tokens initially allocated to insiders. The token’s 18% year-to-date gain pales next to Cardano’s ( ADA ) 45% and Tron’s ( TRX ) 121%, a gap that reflects lingering skepticism. Read more: Stablecoins supply crossed $250b on investor optimism: Binance report
As China’s post-pandemic recovery falters and deflationary signals deepen, the People’s Bank of China (PBoC) has begun quietly seeking guidance from European financial institutions on how to navigate a prolonged period of low interest rates. According to reports, China’s central bank made “ad hoc” requests to at least two major European banks earlier this year, asking how their economies managed the impact of near-zero rates on financial systems during the previous decade. “We saw it as a precautionary move,” one European banker familiar with the request said. “You don’t wait until the engine stalls before asking how to restart it.” China’s monetary policy is entering the red zone For the past year, Beijing has steadily trimmed interest rates in hopes of bringing the domestic economy back to life. The benchmark policy rate was cut to 1.4% from 1.8%. The one-year loan prime rate now sits at 3%, down by half a point. Despite Beijing’s efforts, the economy remains unresponsive. Low household spending and businesses not borrowing as much as they should, despite the incentives, and prices have fallen for four straight months, with no relief in sight. The slowdown is not the only cause of headaches for Chinese policymakers, as the threat of deflation lurks. In its latest monetary policy statement, the PBoC acknowledged the uncomfortable truth: the economy faces “insufficient domestic demand, persistent low prices, and various hidden risks.” Perhaps even more telling is what the central bank didn’t say. Gone was the usual talk of bold interventions and aggressive easing. Instead, officials pledged to “implement policy with more flexibility in the intensity and pace.” Beijing wants to learn from Europe’s mistakes and Japan’s What China fears, Europe knows well. After the 2008 financial crisis, the European Central Bank (ECB) came up with monetary policy tactics such as zero and sometimes negative interest rates to cushion the impact of the global crisis on its economy. During that period, growth remained slow and banks struggled to stay profitable. It was a delicate balancing act where the goal was to create inflation without suffocating financial institutions. According to one source , even European asset managers were drawn into the conversation. State-owned Chinese banks and insurers reportedly asked for suggestions on how to invest in a low-rate environment. And then there’s the shadow of Japan. After its real estate bubble burst in the 1990s, Japan entered what economists now call the “lost decades,” a period of economic stagnation and deflation that lasted more than 20 years. The signals allude to the fact that deflation is hard to shake. “It shows they are learning and getting ready,” an economist at a European bank said of the PBoC’s inquiries. Cracks have begun to appear Meanwhile, China’s financial markets are starting to react. Long-term bond yields have dropped sharply over the past year. The 30-year yield now sits at just 1.86%, down from 2.42%. The 10-year yield has dipped to 1.65%. Investors, spooked by weak growth prospects, are piling into safer assets, and pulling yields down with them. That trend has regulators on edge. Some officials have drawn comparisons to the U.S. banking crisis of 2023, when Silicon Valley Bank collapsed under the weight of mismatched interest rate exposures. China’s smaller regional banks, already under pressure, could be vulnerable if the bond market continues its slide. So far, the PBoC still has some breathing room. Rates aren’t at zero yet. But the central bank knows time may be running short. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
BitcoinWorld Hippo Protocol’s Pioneering Launch: USDC Stablecoin Arrives on Hippo Chain Testnet In the rapidly evolving landscape of blockchain technology, few developments hold as much promise as those bridging the gap between digital innovation and real-world impact. The recent announcement from Hippo Protocol marks a significant leap forward, as Circle’s USDC stablecoin is now officially live on the Hippo Chain testnet . This isn’t just another technical milestone; it’s a pivotal moment for the future of decentralized healthcare data, setting the stage for a more secure, transparent, and user-centric health ecosystem. Unveiling the Vision Behind Hippo Protocol At its core, Hippo Protocol (HP) is more than just a blockchain project; it’s a pioneering initiative dedicated to transforming how healthcare data is managed, shared, and utilized. Imagine a world where your health records are not siloed in disparate systems, but rather securely controlled by you, the individual, with the power to grant or revoke access as you see fit. That’s the vision driving Hippo Protocol . It aims to build a robust, decentralized infrastructure that empowers patients, streamlines data exchange for medical professionals, and accelerates research, all while maintaining the highest standards of privacy and security. The platform’s mission addresses critical pain points in traditional healthcare systems: Data Silos: Breaking down barriers between different healthcare providers and systems. Patient Control: Giving individuals true ownership and control over their sensitive medical information. Security & Privacy: Leveraging blockchain’s inherent security features to protect highly sensitive health data from breaches and unauthorized access. Interoperability: Facilitating seamless and secure sharing of data across diverse healthcare entities. Why the Arrival of USDC Stablecoin on Hippo Chain Testnet is a Game-Changer The integration of USDC stablecoin onto the Hippo Chain testnet is a monumental step for several reasons. For those new to the crypto world, USDC is a digital dollar, a stablecoin pegged 1:1 to the US dollar, making it a reliable medium of exchange in the volatile crypto market. Its presence on the Hippo Chain testnet signals a strong foundation for future financial operations within the decentralized healthcare ecosystem. Here’s why this integration is crucial: Aspect Benefit of USDC on Hippo Chain Stability Mitigates price volatility, crucial for transactions involving healthcare services or data access. Liquidity Provides a widely accepted, liquid asset for potential future payments, rewards, or data monetization. Trust & Adoption Leverages Circle’s reputation, potentially boosting confidence and adoption among healthcare providers and users. Testing Real-World Scenarios Allows developers to test smart contracts and dApps with a stable asset, mimicking real-world financial flows within the healthcare data ecosystem. This move on the Hippo Chain testnet demonstrates Hippo Protocol’s commitment to building a robust and practical platform, ready for real-world applications in blockchain healthcare . Revolutionizing Decentralized Healthcare with Blockchain’s Power The vision of truly decentralized healthcare is now closer to reality, thanks to innovations like those from Hippo Protocol . By leveraging blockchain healthcare solutions, the platform aims to empower individuals and enhance the entire medical ecosystem. Imagine a patient seamlessly sharing their medical history with a new specialist, without cumbersome paperwork or delays, all while knowing their data is encrypted and secure. Key impacts include: Enhanced Patient Empowerment: Patients gain unprecedented control over their health data, deciding who accesses it and for what purpose. This shift from institutional ownership to individual ownership is fundamental to decentralized healthcare . Improved Data Interoperability: Blockchain’s immutable ledger can facilitate secure and efficient sharing of medical records across different healthcare providers, leading to better-coordinated care and reduced medical errors. Accelerated Medical Research: Researchers can access anonymized, aggregated health data sets (with patient consent), significantly speeding up drug discovery and disease understanding, all within a secure blockchain healthcare framework. Reduced Administrative Burdens: Automating data sharing and verification processes can cut down on administrative overheads, allowing healthcare professionals to focus more on patient care. Fraud Prevention: The transparent and immutable nature of blockchain can help in preventing healthcare fraud and abuse. The integration of USDC stablecoin further solidifies the financial infrastructure needed for such a system, enabling potential future applications like micro-payments for data access or incentivized health programs on the Hippo Chain testnet . Navigating the Future: Challenges and Opportunities for Hippo Protocol While the launch of USDC stablecoin on the Hippo Chain testnet is a significant triumph, the journey for Hippo Protocol and the broader blockchain healthcare sector is just beginning. There are inherent challenges that must be addressed to achieve widespread adoption and impact. Challenges: Regulatory Landscape: Healthcare is heavily regulated. Navigating diverse global and local regulations (like HIPAA in the US or GDPR in Europe) will be critical. Scalability: Handling the immense volume of healthcare data while maintaining blockchain’s security and decentralization requires robust scaling solutions. User Adoption & Education: Convincing healthcare providers and the general public to adopt new technologies, especially those involving complex concepts like blockchain, will require extensive education and user-friendly interfaces. Data Migration: Transitioning vast amounts of existing healthcare data onto a new blockchain infrastructure is a complex and resource-intensive task. Opportunities: Global Collaboration: Hippo Protocol can foster international collaboration in health data research and exchange. Personalized Medicine: Granular, patient-controlled data can fuel the growth of highly personalized treatment plans. Telemedicine Integration: Seamless data access can significantly enhance the effectiveness and reach of telemedicine services. Supply Chain Transparency: Beyond patient data, blockchain can bring transparency to pharmaceutical supply chains, combating counterfeit drugs. The ongoing development on the Hippo Chain testnet is crucial for addressing these challenges and refining the platform for a future mainnet launch. Engaging with the Future: Your Role in the Hippo Chain Testnet Ecosystem For developers, healthcare innovators, and enthusiasts interested in the convergence of blockchain and healthcare, the launch of USDC stablecoin on the Hippo Chain testnet presents a unique opportunity to get involved. This is the phase where the community can actively contribute to shaping the future of decentralized healthcare . How you can engage: Explore the Testnet: Dive into the Hippo Chain testnet documentation (when publicly available) to understand its architecture and capabilities. Provide Feedback: As a testnet, it’s designed for rigorous testing. Report bugs, suggest improvements, and contribute to the community discussions. Develop dApps: If you’re a developer, consider building decentralized applications that leverage the Hippo Protocol ‘s infrastructure and the stability of USDC stablecoin for healthcare use cases. Stay Informed: Follow Hippo Protocol ‘s official channels (like their X/Twitter announcements) for updates on their progress and mainnet launch plans. Advocate for Decentralized Health: Help spread awareness about the benefits of blockchain healthcare to accelerate adoption. Your participation in this early phase can significantly influence the robustness and utility of the final blockchain healthcare platform. The Dawn of a New Era in Healthcare Data The integration of USDC stablecoin on the Hippo Chain testnet by Hippo Protocol is far more than a technical update; it’s a powerful statement about the tangible progress being made in bringing true decentralization to healthcare. By building a stable financial layer on top of a secure, patient-centric data platform, Hippo Protocol is paving the way for a future where health information is truly in the hands of the individual, empowering better care, faster research, and a more equitable health system. This breakthrough signals a confident stride towards a future where decentralized healthcare is not just a concept, but a living, breathing reality, poised to transform lives globally. To learn more about the latest crypto market trends and the intersection of blockchain with real-world applications, explore our articles on key developments shaping blockchain healthcare and its institutional adoption. This post Hippo Protocol’s Pioneering Launch: USDC Stablecoin Arrives on Hippo Chain Testnet first appeared on BitcoinWorld and is written by Editorial Team
The mining companies opened sharply higher on Thursday after US nonfarm payrolls surprised to the upside.
Ripple’s recent filing for a U.S. national bank charter and Fed Master account marks a pivotal advancement in integrating crypto assets with traditional financial systems. This strategic move aims to