The bill would prevent digital asset platforms from offering California users memecoins launched on or after January 1, 2027, when those tokens are issued by, or created in collaboration with, federal officials or state and local public officers.
Bernstein's headline numbers are already making the rounds, they expect Bitcoin to reclaim $125,000 by late 2026, and $300,000 at the next cycle peak in 2029. When asked the reason behind this logic, Chhugani is framing this call around what he terms the "debasement trade."
Japanese listed company Remixpoint has exited its altcoin positions, leaving Bitcoin as the sole cryptocurrency on its balance sheet.
Maya Protocol lost an estimated $1.7 million in an exploit on Wednesday, and the numbers make the situation look even worse for the protocol as its Immunefi bug bounty, which covers the THORChain fork, puts the maximum payout for a critical vulnerability at just $35,000.
At first, the team described what happened as an “unexplained incident.” That didn’t last long. MANTRA later said an attacker had attempted to exploit a vulnerability in an upstream dependency software the chain relies on but doesn’t directly control.