95% of Iran’s 427,000 active crypto mining devices operate illegally, official says

The New Hampshire Senate has decided to stall a bill aimed at deregulating crypto mining after a split vote, reflecting growing public concern over the proposal. Lawmakers believe further study is necessary before making any changes to local controls on crypto mining. This decision is significant as it highlights the ongoing debate about the balance between technological advancement and community impact, especially in a state where crypto mining has become a contentious issue.

In a recent discussion, Rosie Sargsian from Ten Protocol highlighted a troubling trend in the cryptocurrency space known as 'sunk-cost-maxxing.' This phenomenon, characterized by rapidly changing product cycles and constant shifts in focus, is hindering long-term development and innovation in the industry. Sargsian argues that this lack of commitment prevents projects from reaching their full potential, ultimately stifling growth and progress in the crypto world. Understanding this issue is crucial for investors and developers alike, as it underscores the need for stability and patience in a market often driven by quick returns.

The founder of Thodex, Faruk Fatih Ozer, has been found dead in prison, raising serious concerns amid an ongoing massive crypto fraud scandal. This incident not only highlights the dark side of the cryptocurrency world but also leaves many investors in turmoil, as they seek answers and justice for the alleged fraud that affected thousands. The implications of this event could lead to increased scrutiny and regulation in the crypto market, making it a pivotal moment for the industry.

Bitwise has expressed optimism about the potential for a billion-dollar XRP ETF, suggesting it could happen sooner than many anticipate. This development is significant as it could pave the way for greater institutional investment in cryptocurrencies, particularly XRP, which has faced regulatory challenges. If successful, this ETF could enhance market liquidity and investor confidence, marking a pivotal moment in the evolution of cryptocurrency investment products.

Elizabeth Warren has dismissed a defamation threat from Changpeng Zhao's lawyer, calling it 'without merit.' This situation arises after Zhao received a pardon from Trump, highlighting the ongoing tensions between politicians and cryptocurrency leaders. Warren's stance is significant as it underscores the challenges faced by public figures in navigating legal threats while addressing controversial issues in the crypto space.

The Aster token has seen a significant surge after Binance co-founder Changpeng Zhao revealed his personal stake of $2.5 million in the cryptocurrency. This news is important as it not only boosts investor confidence in Aster but also highlights the growing interest in alternative tokens within the crypto market. Zhao's endorsement could attract more investors, potentially leading to further price increases and market stability.

In the latest Asia morning briefing, a cautious calm has returned to Bitcoin markets as traders begin to rebuild their risk appetite. This shift is significant as it indicates a potential stabilization in the volatile cryptocurrency landscape, which could attract more investors looking for opportunities. Understanding these market dynamics is crucial for anyone involved in crypto trading, as it reflects broader economic sentiments and investor confidence.