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Crypto

Charles Hoskinson renews call for Gemini to list ADA

Cardano founder Charles Hoskinson renewed his call for cryptocurrency exchange Gemini to list ADA. U.Today reported that he left a brief comment, \'List ADA\', on an X post by Gemini co-founder Tyler Winklevoss marking the exchange\'s 11th anniversary. Gemini supports several major proof-of-stake tokens, but not ADA. Hoskinson has repeatedly criticised the absence of ADA and has claimed Gemini missed revenue opportunities by not offering it.

Crypto

U.S. Senate introduces crypto tax bill, proposes tax exemption for stablecoin payments

U.S. Republican Senator Steve Daines introduced a crypto tax overhaul bill on Sept. 30 that would exempt taxes on stablecoin payments and small network fees. The proposal seeks to reduce tax burdens for everyday crypto use while extending anti-avoidance rules used for stocks to cryptocurrencies. It would exclude certain U.S. dollar stablecoin purchases from capital gains and reporting requirements and set limits for network-fee transactions, with exclusions for traders, dealers and others.

Crypto

Circle launches Arc layer-1 blockchain mainnet targeting stablecoins

Circle has launched the mainnet of Arc, a layer-1 blockchain that uses USDC as the asset for transaction fees. Cointelegraph reported that Arc targets stablecoin payments and financial markets, especially agent-based trading. Arc is compatible with the Ethereum Virtual Machine and offers sub-second payment finality. It supports more than 20 fiat stablecoins and provides tokenised assets such as BlackRock’s BUIDL and Circle’s USYC in native form.