The network’s reserve will consist of purchases of the network’s native PYTH token, utilizing approximately 33% of the protocol’s revenue through the DAO.
Turner Wright
Turner Wright is a senior policy reporter at Cointelegraph, focusing on US laws and regulations related to digital assets. He writes features and news stories for the website and Cointelegraph Magazine, and is sometimes featured in one of the publication’s podcast series. He holds a bachelor’s degree in aerospace engineering from the University of Texas at Austin and started as a freelance journalist covering issues in Japan and around the world, joining the Cointelegraph team in 2020. Turner has no crypto holdings above Cointelegraph’s disclosure threshold of $1,000.
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Pyth to launch reserve using buybacks from DAO treasury funds - News
Paxos, Ripple, Circle and others secure US trust bank approvals The conditional approvals clear a path for major crypto companies to operate as national trust banks under the supervision of the US OCC.
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Terraform co-founder sentenced to 15 years in prison after guilty plea A federal judge heard statements from some of Terraform Labs’ and Do Kwon’s victims for hours before deciding on the co-founder’s sentence.
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Netflix teases comedy movie about missing $35M crypto password The film, titled "One Attempt Remaining," about a couple trying to regain access to millions of dollars worth of crypto, mirrors real-world crypto dilemmas.
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Vote on Trump’s CFTC chair pick could come Thursday, US senator says Senators could vote on Michael Selig’s nomination to head the CFTC, which, if successful, is expected to lead to the departure of acting Chair Caroline Pham.
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US SEC’s Crenshaw takes aim at crypto in final weeks at agency Caroline Crenshaw, the financial agency’s sole remaining Democratic commissioner, is expected to depart in January, 18 months after her official term ended.
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Galaxy expands into UAE as part of Middle East push The digital assets company is one of many to seek regulatory approval from UAE authorities or attempt to expand their services into a region drawing them in.
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Teachers union claims risks to retirement funds in crypto market structure The letter to the US Senate Banking Committee cited opposition to the digital asset market structure bill, echoing concerns from other labor groups.
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New ETF proposal bets Bitcoin returns are made after hours ETF analyst Eric Balchuas said there was a chance that such an investment vehicle “could put up better [returns]” based on BTC price moves after trading hours.
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UK crypto lobbying group joins Digital Chamber in cross-border policy push The partnership between the two advocacy groups was the latest move in efforts by US and UK policymakers to work closer together on crypto regulation.
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Senator Lummis anticipates crypto market structure markup next week “Our staffs are exhausted,” said the Wyoming senator at the Blockchain Association Policy Summit on Tuesday, speaking on the progress of the crypto bill.
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US judge asks for clarification on Do Kwon’s foreign charges The Terraform Labs co-founder could face up to 40 years in prison in South Korea, but a judge questioned whether the country would ignore his US sentence.
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Watchdog asks for crypto industry feedback on UK investment reforms The Financial Conduct Authority asked for companies linked to digital assets to weigh in on policy proposals in February and March 2026.
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BlackRock files with SEC for listing of staked Ether ETF The fund, if approved by the SEC, would give BlackRock investors indirect exposure to staked Ether, one of the industry’s first following the 2024 approval of spot Ether ETFs.
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US prosecutors request 12 years in prison for Terraform’s Do Kwon A sentencing recommendation said that Do Kwon had caused more losses than Sam Bankman-Fried, Alex Mashinsky and Karl Sebastian Greenwood combined.
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Former Binance.US CEO launches stablecoin platform ahead of L1 network After securing $20 million in seed funding for the project in January, Brian Shroder announced a step toward 1Money’s planned stablecoin network.
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IMF lays out guidelines for addressing stablecoin risks, beyond regulations The fund identified “strong macro-policies and robust institutions” as a response to the potential risks of stablecoins, above a patchwork of global regulations.
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CFTC greenlights spot crypto trading on US exchanges Acting CFTC Chair Caroline Pham said the move was intended to drive trading activity to US exchanges, rather than offshore ones “that lack basic safeguards.”
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BlackRock’s Fink calls Bitcoin an ‘asset of fear,’ softens crypto stance Larry Fink spoke alongside Coinbase CEO Brian Armstrong, describing how BlackRock's stance on crypto had evolved over the previous eight years.
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Polymarket is opening US app to waitlisted users after CFTC green light Select users in the US will be among the first to access the predictions platform to bet on sports event contracts, following clearance from a financial regulator for a relaunch.
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Taiwan eyes 2026 stablecoin launch as crypto legislation advances: Report A Taiwan-issued stablecoin pegged to either the country’s dollar or the US dollar may enter the market in the second half of 2026.
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Group of EU banks pushes for euro-pegged stablecoin by 2027 The entity formed by 10 banks is working on obtaining regulatory approval from the Dutch Central Bank to launch a stablecoin “in the second half of 2026.”
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Lawmakers stumble on stablecoin terms as US Congress grills Fed’s Bowman Representative Stephen Lynch questioned Fed supervisor Michelle Bowman about her comments on digital assets at a November conference in Madrid.
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Atkins says SEC has ‘enough authority’ to drive crypto rules forward in 2026 Paul Atkins spoke from the NYSE on Tuesday, saying that the SEC planned to unveil an innovation exemption for crypto projects ” in a month or so.”
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Kalshi taps Solana to tokenize betting contracts: Report The move could challenge other prediction platforms by providing Kalshi users with greater anonymity through tokenized buys and sales on the Solana blockchain.
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Most of Coinbase’s 2025 law enforcement requests came from outside US Though the US dominated the number of requests from agencies in individual countries, Coinbase reported a modest increase in the overall number outside the country.
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Republicans urge action on market structure bill over debanking claims Republican leaders released a final staff report going over claims of debanking by federal regulators in what some have called "Operation Choke Point 2.0."
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Bitcoin shows ‘strong negative correlation’ with USDt activity: Glassnode A recent analysis shed light on a correlation between the world’s largest cryptocurrency and stablecoin by market capitalization.
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Grayscale files with SEC to convert Zcash Trust into spot ETF The fund, which could be listed on NYSE Arca, would be the first ETF tied to a privacy coin, following several other listings from Grayscale and asset managers.
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Robinhood moves into prediction markets with FTX-linked acquisition The deal for FTX-linked MIAXdx puts Robinhood and Susquehanna in direct competition with Kalshi and Polymarket as interest in prediction markets heats up.