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Illinois Digital Asset Tax Faces Court Challenge

Two digital asset advocacy groups have filed a lawsuit against Illinois, arguing that the state's 0.2% crypto tax is unconstitutional and violates due process. This is the second such lawsuit in recent months, following a similar challenge by the Digital Chamber in July.

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U.S. Treasury Secretary Scott Bessent said every country supporting Iran should be prepared to face U.S. sanctions.

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Coinbase-Backed Group Endorses US Midterm Candidates

A Coinbase-affiliated advocacy group, Stand With Crypto, has announced its support for certain candidates in the upcoming US general election. The group aims to 'elect the most pro-crypto Congress in history'.

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Forwarded from Pavel Durov (Pavel Durov)
🚨 Two years ago, I was detained in Paris by police for 3 days — the longest they can hold someone before charging them.

In an unprecedented move, French authorities accused the head of a major platform of crimes committed by its users.

That investigation is still ongoing, although it makes less sense with each passing year.

Why?

Because we now have extensive evidence that Telegram was neither worse than other popular platforms at moderation, nor the worst at cooperating with authorities.

So why was Telegram singled out?

Over the last two years, we have seen a pattern emerge in multiple countries: Telegram is quietly pressured to grant political favors — such as illegal censorship or surveillance. When we refuse, local media and “non-governmental” organizations launch orchestrated campaigns portraying Telegram as a cesspool of crime, from child pornography to terrorism.

Our moderation is no worse than that of other major platforms. Yet these campaigns instill the idea that Telegram should be persecuted or restricted.

Suddenly, officials start caring about crime and protecting children — but only on platforms that reject their secret political demands. Platforms that accept such deals get away with almost anything — including literally selling ads promoting child pornography.

Is the French investigation against me political? It certainly fits the pattern we see elsewhere, mostly in authoritarian countries. And it definitely raises questions.

In time, this investigation may itself be investigated — especially now that Macron’s war against free speech is facing pushback. This month, France’s Constitutional Council struck down his social media ban for children under 15 on freedom-of-expression grounds.
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Gemini Partners with Apex for Crypto Prediction Markets

Gemini is set to distribute crypto prediction markets through Apex brokerages.

The proposed deal makes Gemini the exclusive venue for crypto event contracts offered through Apex's FCM.

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Forwarded from Zcash (ZEC) | News & Community
🚨 ZCASH HITS AN 8-YEAR HIGH

$ZEC surged to nearly $888, reaching its highest level since 2018.

At the same time, Grayscale is targeting August 25 for its Zcash product to begin trading on NYSE Arca under the ticker $ZCSH, subject to regulatory conditions.

Privacy is becoming one of crypto’s hottest narratives again — and Zcash is leading the charge. 🛡

⚡ $ZEC | Zcash
🔒 Privacy • Freedom • Financial Sovereignty

@ZecZcash
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Crypto Rally Spills into Memecoins

A crypto rally is spilling into smaller tokens, with several animal-themed tokens doubling in value over the past week.

Robinhood's Chain-based Cash Cat jumped over 50% in a day, while other smaller tokens gained between 50% and 130%.

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Tokenized U.S. Treasury Funds Surge

Tokenized U.S. treasury and money market funds are experiencing rapid growth in the digital asset markets, increasing fifteenfold in just two years.

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Phantom ends Sui support on September 24.

Funds remain safe and under user control. Before the deadline, move your wallet to another Sui-compatible app or swap Sui assets.

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BNB Chain activated its Pasteur hard fork to strengthen bridge and validator security and increase transaction capacity.

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X is adding crypto trade buttons soon, Nikita Bier says.

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Forwarded from Zcash (ZEC) | News & Community
💡 DID YOU KNOW?

Zcash officially launched on October 28, 2016 — but its roots go back even further.

The technology evolved from Zerocoin → Zerocash → Zcash, built around one powerful idea:

Can digital money be verified without exposing its users’ financial history?

The result was one of the earliest cryptocurrencies to bring zero-knowledge proofs to real-world blockchain payments.

🔐 Verify the transaction. Protect the information.

⚡ $ZEC | Zcash
🔒 Privacy • Freedom • Financial Sovereignty

🔥 @ZecZcash
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India Tests Tokenized Corporate Bonds

India is set to pilot tokenized corporate bonds in September.

State-controlled REC will issue the debt, with select investors using wholesale CBDC payments.

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🇺🇸 The first US-listed spot ZEC ETF, Grayscale’s $ZCSH, will begin trading on NYSE Arca.

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Operation Lighthouse Uncovers 14,300 Leads

Operation Lighthouse has generated 14,300 investigative leads across 11 crypto exchanges and payment services, flagging over 7,700 suspect accounts.

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Dozens of fake Firefox wallet extensions have been linked to crypto-stealing malware.

Forty of these extensions are confirmed malicious, impersonating OKX, Rabby, and TronLink to harvest recovery phrases.

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Japheth Dillman told investors that Block Bits Capital's Autotrader software is finished and running.

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