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U.S. House of Representatives passes bill to restrict members from trading stocks.

1 hours ago

According to Politico, the U.S. House of Representatives passed a bill on Wednesday aimed at restricting stock trading by members of Congress and their families. However, the legislation sparked internal divisions among Democrats, with some party members deeming it insufficiently stringent. Titled the Stop Trading on Congressional Knowledge (STOCK) Act, this marked the first congressional bill targeting congressional stock trading to be voted on by the full House, ultimately passing 232 to 198, with 13 Democratic lawmakers supporting it. Of the 93 total lawmakers who co-sponsored the bill, only two were Democrats. A separate, stricter bill— which would have required members and their families to sell their currently held stocks—earned wider bipartisan backing but failed to advance to a full House vote. Most Democrats consider the passed measure inadequate, as it does not include a provision mandating the sale of existing holdings. The bill will now be sent to the Senate for review.

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Japan plans to launch a Bitcoin ETF in 2028, with individual funds likely to become the main source of inflows.

According to a report by the Nikkei, Japan is expected to launch a Bitcoin ETF as early as 2028. With the revised Financial Instruments and Exchange Act bringing crypto assets under the regulatory scope of financial products, Japan’s Financial Services Agency (FSA) plans to adjust rules related to investment trusts to allow funds and ETFs to hold crypto assets as their primary investment target, with multiple asset management firms already considering participation. Interest in crypto assets among Japanese institutional investors is on the rise: a survey by Nomura Holdings and Laser Digital shows that around 79% of institutional investors and family offices plan to invest in crypto assets over the next three years. However, unlike U.S. Bitcoin ETFs which are driven primarily by institutional capital, Japan’s institutional investor base is relatively small, and household financial assets in the country have a high cash proportion, meaning funds from individual investors are likely to be the main source of inflows. Analysts project that Japan’s Bitcoin ETF could attract up to 3 trillion yen in inflows by fiscal 2028.

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Tesla’s Q2 Bitcoin holdings remain unchanged at 11,509, with the company confirming an impairment loss of $112 million.

Tesla’s Q2 financial report shows the company neither increased nor decreased its Bitcoin holdings, continuing to hold 11,509 BTC. Due to Bitcoin’s roughly 14% decline during the quarter, the automaker recorded a $112 million after-tax impairment loss on its digital assets. As a result, Tesla has not traded Bitcoin since 2022.

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B² Network is hit by a hacker attack, suffering losses of approximately $3.86 million.

On-chain analyst Specter has monitored that B2 Network on BNB Chain suffered a hack, resulting in losses of around 8.591 million B2 tokens, valued at approximately $3.86 million. The attacker converted the stolen tokens into 5,409 WBNB (worth about $3.11 million) before bridging them to Ethereum. The funds are currently being transferred to Zcash via NEAR Intents. The project team later contacted the attacker on-chain, stating that if the attacker returns at least 10% of the stolen funds (roughly $386,000) to the official address within the next 24 hours, the team will view this as a goodwill gesture and will not initiate legal action.

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Arthur Hayes adds 644.34 ETH to his position again.

According to Lookonchain’s monitoring, Arthur Hayes purchased an additional 644.34 ETH (valued at $1.25 million) 8 hours ago. Over the past 8 days, he has bought a total of 3,270 ETH worth $6.27 million, at an average purchase price of approximately $1,917.

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A US judge has scheduled the trial of the drug-related case involving Maduro for June 2027.

A US judge has set the trial date for Venezuelan President Nicolás Maduro, who was forcibly taken into US custody, to begin on June 1, 2027. The US launched a military operation against Venezuela on January 3, forcibly detaining Maduro and his wife and bringing them to the US. US judicial authorities have charged the couple with drug trafficking offenses. On January 5, Maduro and his wife made their first court appearance at the Southern District of New York Federal Court, rejecting the US's so-called "criminal" charges. Currently, Maduro is being held at the Metropolitan Detention Center in Brooklyn, New York. The international community has widely condemned the US for seriously violating Venezuela's sovereignty and threatening peace and stability in the Latin American region. (CCTV News)

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Crypto debit card firm Wirex shifts to stablecoin banking infrastructure.

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