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MegaETH hits first KPI by running 10 apps, to issue MEGA token

MegaETH has met its first key performance indicator, which required operating 10 ecosystem applications. The milestone triggered a countdown toward a MEGA token generation event targeted for next Thursday. The project previously tied its token release schedule to performance-based KPIs rather than a fixed timeline. Conditions include expanding its native stablecoin USDM circulation to $500 million and meeting app revenue targets, alongside usage and fee benchmarks for apps built on MegaETH.

Crypto

JPMorgan says tokenisation to reshape fund industry, meaningful use cases still years away

JPMorgan expects tokenisation to drive change across the broader fund industry beyond exchange-traded funds, it said. Searen Fitzpatrick (시어런 피츠패트릭), global head of ETF products at JPMorgan Securities Services, said ETF tokenisation experiments are ongoing. She cited improved subscription and redemption processes, near-instant settlement and 24-hour access as key benefits. Fitzpatrick said tokenisation will become part of the ETF ecosystem, but meaningful, usable applications are still several years away.

Crypto

More than 120 U.S. crypto groups urge Senate to take up Clarity Act

U.S. crypto industry groups are pressing the Senate to move quickly on legislation to clarify regulation of digital assets. More than 120 trade groups sent a joint letter to the Senate Banking Committee urging prompt action on a digital asset market structure bill that includes the Clarity Act. The groups said delayed rules risk harming global competitiveness and called for clearer jurisdiction between the SEC and the CFTC, along with changes covering stablecoins, developers and tax reporting.