US Senator Cynthia Lummis has submitted a draft bill, outlining several provisions to overhaul the tax code and exempt certain crypto transactions from taxation. This will end double taxation and add clarity to the tax treatment of crypto staking, mining, and lending transactions. The bill proposes an exemption for crypto transactions and capital gains of $300 or less, with a $5,000 annual exemption cap. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” Lummis said. Lummis’ crypto tax draft bill. Source: Senator Lummis In addition, the legislation is estimated by the Congressional Joint Committee on Taxation to generate approximately $600 million in net revenue between 2025-2034. The standalone draft bill is now the Wyoming Senator’s best chance of passing the pro-crypto legislation promised to the crypto community. This is after the Senators passed the spending bill without addressing the crypto market. Lummis asks for the same tax treatment as securities According to Lummis, to maintain our competitive edge, the US must change the tax code to embrace the digital economy, not burden digital asset users. She said, “This groundbreaking legislation is fully paid-for, cuts through the bureaucratic red tape, and establishes common-sense rules that reflect how digital technologies function in the real world. We cannot allow our archaic tax policies to stifle American innovation, and my legislation ensures Americans can participate in the digital economy without inadvertent tax violations.” She introduced a section that would allow dealers and traders in digital assets to elect mark-to-market treatment. This means that dealers and traders will get the same tax treatment as dealers and traders of stocks and commodities. This stops unfair discrimination based on asset type. The election makes it possible for businesses to recognize income more accurately, so it fits with how the economy really works, while still staying in line with current tax policy. The Wyoming Senator also outlined provisions to exempt crypto lending agreements and digital assets used in charitable contributions from taxation. This rule gets rid of an unnecessary bureaucratic hurdle that has discouraged charitable giving of digital assets, even though these assets often have readily determinable fair market values through active trading. In addition, the bill introduces a new section stating that mining and staking income should not be recognized until the sale/disposition of produced assets and that they should be treated as ordinary income when recognized. This allows the taxation of mining and staking rewards to be taxed based on how much economic gain they actually bring in, instead of relying on the unstable and often uncertain fair market value at the time of receipt. This method keeps investors from having cash flow problems when they owe taxes on things they haven’t sold and might not be able to quickly sell. Lummis is set to push the bill to Trump’s office The BTC evangelist is pushing to get the crypto tax bill approved by the Senate and pushed to the House, and eventually to Trump in the near future. She said, “I welcome public comments on this legislation as we seek to get this package to the President’s desk.” Senator Lummis was chosen to lead the Senate Banking Subcommittee on Digital Assets earlier this year. She has pushed for a number of crypto-related laws that would loosen the rules on the sector, including debanking. She is one of the biggest supporters of setting up a US Bitcoin reserve through the Treasury. Previously, crypto legislation such as this would crash and burn upon voting. However, the new administration has been far more crypto-friendly in 2025. Therefore, there is a high chance that the bill could see support and approval from the Senate and House if it gets enough support. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
MAGACOIN FINANCE has begun Stage 3 of its Chapter 1 rollout after quickly completing its first two stages. Positioned as a meme-powered altcoin and decentralized political memecoin, the project blends community governance with a zero-tax model. Supporters point to its anti-centralization message and transparent approach, which avoids venture capital unlocks that can create abrupt market shifts. Community engagement continues to climb across Telegram and social media, reflecting wider interest in meme tokens that also carry ideological narratives. Early participants cite its focus on user-driven governance as a draw, alongside the appeal of joining an emerging ecosystem before later milestones, including staking and exchange activity. MAGACOIN FINANCE in a Shifting Market As Bitcoin ETFs become a staple in traditional portfolios and Chainlink continues to build critical blockchain infrastructure, MAGACOIN FINANCE is carving out its own unique lane—where meme energy meets political purpose. Its Stage 3 rollout is already capturing attention, driven by a groundswell of grassroots interest and a clear message of community control paired with a zero-tax model that truly puts holders first. With the crypto market maturing and heavyweights like Bitcoin and Chainlink reinforcing the foundations, many investors are now looking for fresh stories—projects that bring not just technology but a compelling cultural edge. That’s exactly where MAGACOIN FINANCE is making waves. Its success going forward will depend on how it continues to execute on its roadmap and keep its growing community engaged around a vision of decentralized, politically charged innovation that challenges the typical crypto mold of smaller tokens with distinct narratives. Bitcoin ETFs Cement Role in U.S. Markets Spot Bitcoin ETFs have quickly become a popular way for everyday investors and big institutions alike to step into crypto with more confidence. Approved by the U.S. SEC back in January 2024, these 11 funds now give people an easy, regulated path to Bitcoin’s price action right on major exchanges. Many analysts view them as a key bridge that’s bringing fresh capital and much-needed stability into the market. This expansion is also setting the stage for what some analysts call a “crypto ETF summer,” with new filings targeting altcoins like Solana, XRP, and Litecoin. Approval decisions expected between July and October could further diversify regulated crypto investment products, reinforcing the infrastructure that benefits both established assets and newer projects. Chainlink Reports Institutional Momentum and New Upgrades Chainlink is making big strides on several fronts. It recently helped power a cross-border CBDC pilot with major players like Visa, ANZ, China AMC, and Fidelity, and even teamed up with Mastercard to expand on-chain payment access. On the tech side, Chainlink rolled out CCIP v1.1 to boost its cross-chain features and launched an Automated Compliance Engine to make regulatory alignment easier. All of this is showing up in the numbers—whale activity is on the rise, new wallets keep growing, and developers are staying busy. It’s a clear sign that both big institutions and the broader tech community remain deeply interested as Chainlink keeps bridging traditional finance with decentralized apps. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: 🔥 Chapter 1 Stages 1 & 2 Gone — MAGACOIN FINANCE Stage 3 Selling Fast as Bitcoin ETF Flows Soar and Chainlink Interest Rises
While Trump’s budget did not tackle any crypto issues, the liquidity boost might still be a boon for crypto assets. “Big Beautiful Bill” may still boost crypto markets, despite lacking any crypto-related provisions. On Thursday, June 3, the U.S. House passed House Resolution 1, the landmark budget bill backed by President Donald Trump. The massive budget, which expands tax cuts and reduces benefits, passed with a narrow 218–214 vote, with just two Republican dissenters: fiscally conservative Thomas Massie of Kentucky and anti-Trump Republican Brian Fitzpatrick. Massie objected on the grounds that the bill would significantly add to the U.S. deficit. Despite sweeping changes to taxes, immigration enforcement, and entitlements like Medicaid, the massive budget did not have any provisions related to crypto. This is despite efforts by pro-crypto Senator Cynthia Lummis, who proposed several crypto-related amendments. You might also like: Senate passes Trump’s massive budget bill, with no mentions of crypto or Bitcoin These amendments included changes to taxes on mining and staking income, a crucial concern for the industry. Still, these amendments ultimately did not pass, leaving the decision on these issues for later bills. Notably, on the same day that the budget bill passed, Lummis introduced a new bill specifically on crypto taxation. Bitcoin up after Trump’s budget passes While the crypto industry may be disappointed by the absence of direct legislative gains, the market responded positively. Bitcoin (BTC) traded near the $110,000 level, up 0.24% over the past 24 hours, while the overall crypto market capitalization rose 0.3%. The positive reaction likely stems from the expected stimulative effect of the budget. Economists project that the new fiscal package could add between $3 trillion and $4 trillion to the U.S. national debt over the next decade, due to a combination of lower taxes and increased spending. This surge in deficit spending is expected to inject liquidity into the financial system, a development that typically lifts both equities and crypto assets. While the bill itself did not address digital assets, its potential to boost liquidity has already begun to influence market sentiment. Read more: Musk vs Trump shake the market, but which memecoin could 100x from the chaos?
According to a new analysis shared by crypto analyst Tony “The Bull” Severino, Bitcoin has just closed the quarterly chart with a perfected TD9 sell setup. This is actually interesting, because it adds a possibly long timeline before Bitcoin can reach any further significant price target. Most of Bitcoin’s daily candles in the past seven days have shown mild upward pressure supported by positive sentiment from various technical analyses. However, according to the TD9 setup, Bitcoin could take up to four years to reach $149,000. TD9 Setup Hints At Slow Climb To $149,000 The TD9 is a component of the TD Sequential indicator, which is often used to identify trend exhaustion, potential reversals, and possible trend changes. Interestingly, what makes this particular signal notable at this point is that it is now projecting a TD Risk level of $149,490, which is essentially a price target for Bitcoin. But if past patterns on the TD9 indicator are anything to go by, getting there might take much longer than bulls expect. Related Reading: Analyst Says Cycle Is Not Finished Amid 2 Years Of Bitcoin Sideways Movement In 2017, a similar perfected TD9 appeared during Bitcoin’s first rally to $20,000. At the time, the TD Risk was projected at $35,000. It wasn’t until late 2020, roughly four years later, that Bitcoin finally reached and broke above that level. A prior occurrence in 2014 offered the same story. Back then in 2014, the TD9 setup projected a TD Risk of $2,400, but it took approximately 3.5 years to cross that threshold. Now, despite the bullish sentiment today, this historical precedent suggests it could take similar years before the $149,490 target being currently projected by the TD Risk is finally tested or breached. The 3-month candlestick price chart shown above provides a visual analysis of this projection. From the 2014 cycle low, it took 915 days across 10 quarterly candles for Bitcoin to reach its next high. After the 2017 signal, it took 1,096 days (or 12 quarterly candlesticks) for BTC to finally surpass the projected TD Risk level. Bitcoin Price Action On Gradual Climb Bitcoin has spent the past seven days in a steady but modest uptrend, rising approximately 1.5% from a weekly low around $105,430 to the current range between $109,240 and $109,600. During this move, Bitcoin’s price action tested and retested resistance in the $108,200 to $108,800 zone several times in the past 24 hours. However, it ultimately pushed higher, showing a slow but stable bullish undertone. Related Reading: Analyst Calls For Bitcoin Crash As Price Pulls Above $108,000 — Details At the time of writing, Bitcoin is trading at $109,330, up by 2% in the past 24 hours. It is currently about a 36% move away from reaching the $149,490 price target. However, if Tony Severino’s timeline on the TD9 Risk setup does play out, it wouldn’t be until sometime around July 2029 before Bitcoin reaches the $149,490 price target. Featured image from Pixabay, chart from Tradingview.com
Fundstrat co-founder and chief investment officer Tom Lee is highlighting two possible reasons why Bitcoin ( BTC ) has failed to go to the “moon” despite the crypto king’s spot exchange-traded funds (ETFs) enjoying the “most successful product launch in history.” In a new CNBC interview, Lee says one of the reasons could be the strategy the spot Bitcoin ETFs have employed to accumulate the flagship digital asset. “I think what happened is a couple of things. One is a lot of these ETFs may have been receiving in-kind exchange. So people have their crypto keys, give it to the ETF provider and then they just stepped up their basis. So that’s not going to push up the price of Bitcoin.” The Fundstrat CIO further says profit-taking among early Bitcoin investors could be playing a role in suppressing the price of the largest crypto asset by market cap. “The second is that the ones who aren’t involved in ETFs, but maybe they have $10-Bitcoin… we have clients that have bought Bitcoin at $100 and now it’s $100,000. They don’t care if Bitcoin goes to $1 million. They are probably sellers at around $100,000. So we’re churning the base now because 95% of the institutional world doesn’t own Bitcoin. But a very significant portion of Bitcoin holders are sitting on huge gains. So I think this is the churn that’s happening in Bitcoin now.” The US spot Bitcoin ETFs have seen $48.608 billion in net inflows since their launch in January of 2024. Bitcoin is trading at $107,290 at time of writing, around the same price it was at in December of 2024. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Fundstrat’s Tom Lee Says Two Factors Preventing Bitcoin From Going to the ‘Moon’ Despite Heavy Demand From ETFs appeared first on The Daily Hodl .
About MiningCoop MiningCoop, incorporated in the United Kingdom, leverages environmentally sustainable mining farms to offer cloud mining services for major cryptocurrencies like Bitcoin and Ethereum Classic. With a strong emphasis on green energy, this platform caters to the eco-conscious crypto enthusiast. Key Advantages of MiningCoop MiningCoop offers several attractive features: Legal Compliance and Sustainability: As a legally registered entity in the UK, MiningCoop operates exclusively on renewable energy sources from regions like Norway and Iceland. No Need for Personal Mining Hardware: Users can engage in mining activities without the need for personal equipment or advanced technical knowledge. Flexible and Transparent Contract Terms: The platform provides clear contract terms, from daily profit distributions to no hidden fees at contract’s end. Plans and Profits MiningCoop's investment plans are designed to cater to a range of preferences, from short-term trials for beginners to more extended commitments for seasoned investors: Mining Machine Model Contract Price Duration Daily Profit Total Net Antminer L7 9.5Gh/s (Beginner Pick) $200 1 Day $7.00 $7.00 WhatsMiner M63S+ 424Th/s (HOT) $1,200 3 Days $37.20 $111.60 Antminer S21 Hyd 335Th/s $7,800 6 Days $312.00 $1,872.00 User Safety and Security at MiningCoop Users can feel secure as MiningCoop is fully certified and publicly traceable in the UK. It offers reliable uptime thanks to its partnerships with certified clean-energy mining farms. Who Should Consider MiningCoop? MiningCoop is ideal for: Crypto novices interested in easy start-up and minimal commitment. Investors looking for short-term, high-yield opportunities. Individuals seeking to build a steady stream of passive income from cryptocurrencies. Benefits for New Users New members of MiningCoop enjoy several perks: Receive a $100 bonus for free cloud mining on registration. Earn 10% referral commissions when you introduce friends. Access daily login rewards in Bitcoin or Dogecoin. FAQs on MiningCoop Here are answers to key queries about the platform: Q: How does MiningCoop assure profits?A: Profits are primarily derived from real mining activities, not Ponzi schemes or simulations. Q: Is technical knowledge necessary?A: No, all operations are handled via user-friendly web or mobile interfaces. Q: What are the withdrawal terms?A: Profits can be withdrawn daily, with the principal returned upon contract completion. Conclusion For those entering the crypto space or seeking a robust passive income source, MiningCoop provides a straightforward and secure cloud mining solution. Disclaimer: This article is sponsored and for informational purposes only. It should not be considered as professional financial advice.
The post Bitcoin Demand Wanes: Fakeout or Parabolic Rally Ahead? appeared first on Coinpedia Fintech News Bitcoin (BTC) has experienced reduced demand, especially from institutional investors despite the apparent net cash inflows in the last few weeks. According to on-chain data analysis provided by CryptoQuant, the net demand for Bitcoin has been falling in the recent past. Precisely, the overall demand for Bitcoin has contracted significantly, such that people purchasing Bitcoin reduced their demand by 895k coins in the past 30 days. The reduced Bitcoin demand amid significant cumulative short leverage trades has played a major role in its midterm bearish sentiment in recent weeks. Bitcoin Price Gains Bullish Momentum After closing above a crucial resistance level around $108,360 on Wednesday, Bitcoin (BTC) price rallied towards the next milestone of around $110,570 on Thursday, July 3. Consequently, the flagship coin has regained the 50-day SMA as a support level and is now aiming to retest its all-time high of nearly $112k. Furthermore, BTC price has invalidated the previously formed falling trend after closing above the upper border of the logarithmic trend. According to market data analysis from CryptoQuant , the selling pressure from U.S. whales and institutional investors, has gradually declined. What the Charts Say BTC price is approaching to retest the all-time high around $111,814, which signals a potential double top if a rejection occurs. With the daily Relative Strength Index (RSI) signaling a possible bearish divergence, it is prudent to wait for the BTC price to consistently close above $112k in the subsequent days to avoid being caught in a fakeout. The daily MACD indicator also shows that the bullish sentiment has been gaining momentum, whereby the histograms have been increasing above the zero line. The bullish momentum is also bolstered by the fact that BTC price has registered more positive monthly returns in Julys in the past ten years.
A widely followed crypto analyst is unveiling his price predictions for Ethereum ( ETH ) and Bitcoin ( BTC ), the top two digital assets by market cap. In a new strategy session, pseudonymous crypto trader Pentoshi tells his 868,400 followers on the social media platform X that ETH could eclipse the $3,000 price tag this quarter as it’s undergoing a “structural shift.” “I think we see $3,000+ this quarter for what it’s worth. Really can’t hate this chart. We’ve been in this new range for quite some time. I’d guess it resolves in the near future. It’s all about waiting. I do think there’s a structural shift occurring. Upside is 3.2x or so. Downside is in my opinion $2,100.” Source: Pentoshi/X Pentoshi goes on to note that he believes Ethereum will eventually “melt up,” not just against USD, but against other assets as well. “Ethereum probably melts up, and not just against the USD.” Source: Pentoshi/X The trader’s chart indicates that ETH will peak over $4,000 sometime during the start of 2025 before eventually settling around $2,500 in July of next year. Ethereum is trading for $2,577 at time of writing, a fractional increase on the day. Moving on to BTC, Pentoshi says the top crypto asset by market cap’s movements since July 2023 don’t appear to be bearish. “This is not a bearish chart. It’s just not. I think the people who are bearish got chopped because of low time frames, which lead to both mental and financial chop.” Source: Pentoshi/X He concludes by noting that the crypto king should hit a new all-time high soon, but doesn’t give a specific date range. Bitcoin is trading for $109,488 at time of writing, a 1% increase during the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/4K_HEAVEN The post Analyst Unveils Price Target Ethereum Could Hit Before October Amid ‘Structural Shift,’ Maps Path Forward for Bitcoin appeared first on The Daily Hodl .
Nano Labs Ltd, a Web3 infrastructure and product solutions provider based in China, announced today the acquisition of 74,315 Binance Coin ( BNB ) tokens via over-the-counter (OTC) transactions at an average price of approximately $672.45 per token, representing a total investment of roughly $50 million. The purchase brings the company’s total digital asset reserves, encompassing Bitcoin and BNB holdings, to approximately $160 million, representing a major milestone in Nano Labs’ strategic BNB accumulation plan. According to a July 3 press release , the Hong Kong-listed company plans to acquire up to $1 billion worth of BNB through convertible notes and private placements during the initial phase. BREAKING Nano Labs just acquired approximately $50M worth of $BNB via OTC — bringing our mainstream digital asset reserve to around $160M. https://t.co/MrgpeSN0NB pic.twitter.com/XvrlnsqtMC — Nano Labs (@NanoLabsLtd) July 3, 2025 Nano Labs’ BNB Holdings Position It as First Public Company to Stockpile Binance Coin In the long term, Nano Labs intends to control between 5% and 10% of BNB’s total circulating supply. The company previously entered into a $500 million convertible note agreement on June 24 to support BNB accumulation efforts. At that time, Nano Labs indicated it would perform comprehensive evaluations of BNB’s utility, network security, and long-term investment potential. @NanoLabsLtd has entered into a $500 million convertible note agreement as part of a broader strategy to accumulate BNB worth up to $1 billion. #NanoLabs #BNB https://t.co/mPyfq9HiSQ — Cryptonews.com (@cryptonews) June 24, 2025 Today’s acquisition shows that Nano Labs has completed its assessment and is committed to establishing BNB as a strategic reserve asset. In the early hours of July 3, Nano Labs released a promotional video showcasing Binance’s nearly eight-year operational history. The advertisement, which states, “ Nano Labs is cheering you on as the big day approaches. Let’s keep building the future together ,” has led many observers to believe the company is genuinely convinced of BNB’s utility and value as a reserve asset, potentially making it the first public company to stockpile the ERC-20 token at this scale. While the company’s crypto treasury includes BNB, it also holds Bitcoin , which has become a standard reserve asset among public companies. Nano Labs currently ranks 31st among public companies by Bitcoin holdings , maintaining over 1,000 BTC in its treasury. Source: Bitcoin Treasuries On June 27, Binance founder Changpeng Zhao (CZ) was observed engaging with Nano Labs on X when it shared its BTC holdings count, inquiring about how many BNB tokens the dollar equivalent would yield. How many $BNB is that? https://t.co/mG8kluuhCt — CZ BNB (@cz_binance) June 27, 2025 The company used this interaction to demonstrate its commitment to BNB, responding with “More $BNB loading.” BNB Price Action: $793 ATH in Sight as Corporate Adoption Surges At press time, BNB is trading at $658.64, showing minimal daily movement and posting only a 2.11% gain over the past seven days, despite broader market momentum. The cryptocurrency maintains its position as the fifth-largest digital asset by market capitalization, with a market cap exceeding $92 billion and an average daily trading volume of over $300 million. Source: CoinMarketCap As more public companies recognize BNB’s value proposition, the token could potentially break above the $662 resistance level and challenge its December 2024 all-time high of $793. In January, Bhutan’s Gelephu Mindfulness City (GMC) announced its decision to include BNB in its strategic reserves alongside Bitcoin and Ethereum. However, since the announcement, the country, known for its pro-crypto initiatives similar to El Salvador, has not disclosed any actual BNB purchases. By holding BNB, Bhutan could directly participate in the Binance ecosystem, including its suite of DeFi tools, staking opportunities, and blockchain infrastructure. Bhutan becomes the first to offer a national crypto payment system for tourism through Binance Pay. #Bhutan #Binance https://t.co/PR8sbIBtFn — Cryptonews.com (@cryptonews) May 7, 2025 Nano Labs’ move contributes to the growing trend of crypto adoption as a strategic reserve asset, particularly utility tokens beyond Bitcoin. For instance, on June 30, BitMine Immersion Technologies announced a $250 million private placement dedicated entirely to accumulating Ethereum (ETH), marking the first major initiative to establish an ETH treasury. Similarly, on May 28, Upexi, a Solana-focused treasury company, added 56,000 SOL to its holdings , bringing total reserves to 735,692 SOL worth over $110 million at current market valuations. The post Nano Labs Loads Up on BNB – $50M Today, $1B War Chest in Sight appeared first on Cryptonews .
The Open Platform’s billion-dollar milestone marks a maturing moment for the TON ecosystem, which is leveraging Telegram’s 900M users to make crypto as seamless as texting. With $28.5 million fresh funding, TOP is betting big on blockchain’s mass-market moment. On July 3, The Open Platform announced a $28.5 million Series A raise led by Ribbit Capital, with participation from Pantera Capital, valuing the company at $1 billion and making it the first unicorn in the TON ecosystem. TOP said the funds will fuel its expansion into Western markets, including regulatory licensing and compliance efforts, while accelerating development of Telegram-native blockchain apps, from wallets to AI tools. Unlike many crypto ventures, the round was strictly equity-based, with no token component, signaling a deliberate pivot toward traditional venture backing. For Telegram, which has long tiptoed around the regulatory edge of blockchain adoption, the rise of The Open Platform as a billion-dollar player shows how its network has evolved from being just a distribution channel to a robust on-chain operating system. You might also like: Bitget Wallet cuts on-chain TRON USDT transver costs by 50% The TON ecosystem’s silent growth engine The Open Platform’s $28.5 million raise can be seen as a strategic move to scale an ecosystem that has quietly become one of crypto’s most effective onboarding tools. Unlike most popular blockchains that rely on speculative trades and DeFi yields to retain users, TON’s growth has been driven by something simpler: Telegram’s chat interface. TOP’s flagship product, the Telegram Wallet, eliminated the friction of seed phrases and external apps, allowing users to send Toncoin ( TON ) as easily as a message. Since going live in 2021, The Open Network has seen over 15 million wallets created through Telegram, with viral hits like Notcoin and Hamster Kombat bringing in millions of first-time crypto users. With a unicorn status and fresh capital injection, The Open Platform wants to double down on embedding blockchain more deeply within everyday mobile experiences. The developer said a significant portion of the funding will support expansion into markets where crypto integration often hits a wall, not due to lack of users, but because of outdated rules, fragmented enforcement, and tech stacks not built for mobile-native crypto engagement. TOP now finds itself in a rare position: already embedded within a messaging app that reaches nearly a billion users, and now capitalized to build the compliance stack to match. Whether that’s enough to deliver on its stated goal of “onboarding a billion users into crypto” remains to be seen. Read more: Tether seals MoU with Adecoagro to mine Bitcoin with renewable energy