The Monero blockchain experienced its most severe reorganization in history today.

A group of senior Senate Republicans has released a set of core principles outlining how they want the United States to regulate its digital asset markets. The announcement , made Tuesday morning, comes as lawmakers prepare for a new round of discussions seeking to build a legislative framework for crypto in the U.S. Senator Tim Scott, GOP Allies Lay Groundwork for Crypto Regulation Framework The principles were put forward by Senator Tim Scott, ranking member of the Senate Banking Committee, along with Senators Thom Tillis, Bill Hagerty, and Cynthia Lummis. Their proposal marks the Senate’s clearest indicator yet that it is ready to engage with the House in shaping broad crypto market structure laws. “These principles will serve as an important baseline for negotiations on this bill, and I’m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation,” Senator Scott said. 🚨NEW: Here are @BankingGOP ’s newly released market structure principles signed by @SenatorTimScott , @SenLummis , @SenatorHagerty and @SenThomTillis . The doc lays out what the discussion draft of the bill (yet to be released) aims to accomplish. https://t.co/q4G2Cuco5D pic.twitter.com/4Bvisg907X — Eleanor Terrett (@EleanorTerrett) June 24, 2025 The GOP framework calls for clearer distinctions between securities and commodities in crypto, a shared oversight model between agencies, and protections against the emergence of a single all-powerful regulator. It also includes targeted anti-money laundering rules described as “pro-innovation” and encourages federal regulators to use tools like no-action letters, sandboxes, and safe harbors to work more closely with crypto projects. Tuesday’s announcement comes ahead of a hearing by the Senate Banking Committee’s subcommittee on digital assets. Senator Lummis, who chairs the subcommittee, said the U.S. has been falling behind global peers. “While the European Union and Singapore have established clear regulations, the U.S. continues to sit on the sidelines while the digital asset industry seeks greener pastures,” she said. “That changes today.” 🚨NEW: @SenatorTimScott , @SenLummis , @SenThomTillis , & @SenatorHagerty unveiled principles for digital asset market structure legislation. These will guide bipartisan efforts to bring regulatory clarity, foster innovation, & protect investors. Read more: https://t.co/5NVwlsUvlZ — U.S. Senate Banking Committee GOP (@BankingGOP) June 24, 2025 A Senate hearing was held Tuesday afternoon to begin examining market structure policy in greater detail. Witnesses included legal representatives from Coinbase and Multicoin Capital, as well as a digital finance expert from the University of Pennsylvania’s Wharton School. The discussion was billed as one of the Senate’s first major steps following its recent passage of the stablecoin-focused GENIUS Act . That bill passed the Senate on June 17 in a 68–30 vote , drawing support from nearly all Republicans and 18 Democrats. The legislation is now with the House of Representatives, where lawmakers are weighing how to proceed. Options under consideration include passing the bill unchanged, merging it with the House’s version of stablecoin legislation, or combining it with the market structure bill in a broader package. Trump Demands Fast-Track for Stablecoin Bill as House Weighs Broader Crypto Package President Donald Trump has urged the House to move “LIGHTNING FAST” and send the stablecoin bill to his desk without changes . “The Senate just passed an incredible Bill that is going to make America the UNDISPUTED Leader in Digital Assets,” Trump posted on Truth Social. “Get it to my desk, ASAP—NO DELAYS, NO ADD ONS.” 📜 Trump has urged the House to pass the GENIUS bill without delay or amendments, calling for it to be sent to his desk immediately after approval. #GENIUS #Stablecoins https://t.co/Oat2MMoJyq — Cryptonews.com (@cryptonews) June 19, 2025 However, House Financial Services Chairman French Hill has said he wants to move the stablecoin and market structure bills together. That could complicate things, especially if the Senate introduces its own version of the market structure legislation rather than adopting the House’s CLARITY Act. The House has already made progress on the CLARITY Act , which passed through both the Financial Services and Agriculture Committees earlier this month. The bill is expected to head to the House floor soon. 🌐 Lawmakers on the US @HouseAgGOP have voted 47-6 to advance the CLARITY Act. #CryptoRegulation #Clarity https://t.co/qJvKBIHl50 — Cryptonews.com (@cryptonews) June 10, 2025 As both chambers weigh their options, questions remain over how much bipartisan agreement can be reached, especially with Democrats raising concerns about crypto’s role in illicit finance and the personal ties between the Trump family and the industry. Several lawmakers have expressed skepticism about how the legislation could benefit Trump or his allies, citing memecoins, digital asset donations, and connections to the World Liberty Financial platform. Still, Senator Lummis emphasized that last week’s vote was just the beginning. “The stablecoin bill is only the first step,” she said on the Senate floor. “Now we must finish what we started and pass a strong market structure bill before the year ends.” For now, both chambers are continuing on separate but parallel tracks. Whether they can align before the November elections is still unclear. But Tuesday’s hearing and the release of formal Senate principles suggest the groundwork for compromise is now in place.

PANews reported on September 15 that according to SoSoValue data, the Ethereum spot ETF had a net inflow of US$638 million during last week's trading days (September 8 to September 12, US Eastern Time), with no net outflow. The Ethereum spot ETF with the largest net outflow last week was the Fidelity ETF FETH, with a weekly net inflow of US$381 million. The current historical net inflow of FETH is US$2.86 billion. The second largest was the Blackrock ETF ETHA, with a weekly net outflow of US$74.13 million. The current historical net inflow of ETHA is US$12.89 billion. As of press time, the total net asset value of the Ethereum spot ETF was US$30.35 billion, the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 5.38%, and the historical cumulative net inflow has reached US$13.36 billion.

BitcoinWorld UXLINK Adopts Revolutionary ERC-8004 Standard for Enhanced Web3 Trust UXLINK, a leading Web3 social platform, is making a significant stride forward by announcing its adoption of the innovative ERC-8004 standard. This move is set to redefine how trust, security, and interoperability function within decentralized social environments. It’s not just an upgrade; it represents a foundational shift towards a more reliable and interconnected Web3 experience for users everywhere. What is ERC-8004 and Why is it Crucial for Web3? The ERC-8004 standard, often referred to as ‘Trustless Agents,’ is a groundbreaking Ethereum proposal. It is specifically designed to enable seamless and secure interactions between organizations or entities even when they lack pre-existing trust relationships. Think of it as a universal translator for digital trust, allowing different systems to communicate securely without needing to know or trust each other beforehand. This standard achieves its goal through three core on-chain registries: Identity Registry: Verifies the unique identity of agents. Reputation Registry: Tracks the historical performance and reliability of agents. Validation Registry: Confirms the legitimacy and adherence to rules for actions performed by agents. By establishing these transparent and verifiable records on the blockchain, ERC-8004 builds a robust framework for trust in a decentralized world. How Will UXLINK Leverage ERC-8004 for Enhanced Security? UXLINK’s decision to integrate ERC-8004 brings a multitude of benefits, particularly in the areas of security, interoperability, and user confidence. The platform aims to create a more secure and efficient environment for its community. Here’s how UXLINK plans to utilize this powerful standard: Transparent Agent Discovery: Organizations and users can discover and interact with verified agents, knowing their identity and capabilities are validated on-chain. Secure Trust Relationships: Interactions between different entities become inherently more secure, as the reputation and actions of agents are verifiable and transparent. This minimizes the risk associated with unknown parties. Enhanced Compatibility: The standard fosters greater compatibility between various institutions and blockchain networks, paving the way for more fluid cross-chain operations and collaborations. For UXLINK users, this translates into a safer, more reliable social experience where interactions are backed by a robust, trustless mechanism. UXLINK’s Ambitious Vision: Becoming a Leader in ERC-8004 Infrastructure UXLINK isn’t just adopting ERC-8004; it plans to be a pioneer in its development and application. The platform has articulated an ambitious vision to advance its reputation system, aiming to become a leading agent infrastructure provider. This means UXLINK intends to actively contribute to and help define industry standards for how ‘Trustless Agents’ operate and evolve. By setting these benchmarks, UXLINK could significantly influence the broader Web3 ecosystem, promoting greater security, transparency, and interoperability across various decentralized applications. This leadership position would solidify UXLINK’s role not just as a social platform, but as a critical infrastructure layer for the future of Web3. Conclusion: A New Era of Trust with ERC-8004 UXLINK’s adoption of the ERC-8004 standard marks a pivotal moment for the Web3 social landscape. By embracing ‘Trustless Agents,’ UXLINK is not only enhancing its own security and interoperability but also contributing to the foundational development of a more trustworthy and interconnected decentralized internet. This move underscores UXLINK’s commitment to innovation and its vision for a future where secure, transparent interactions are the norm, empowering users and organizations alike. Frequently Asked Questions (FAQs) What is the primary purpose of the ERC-8004 standard? The primary purpose of ERC-8004 is to enable secure and verifiable interactions between organizations or agents on the blockchain, even without pre-existing trust relationships. It establishes a framework for ‘Trustless Agents’ through on-chain identity, reputation, and validation registries. How does UXLINK benefit from adopting ERC-8004? UXLINK benefits by enhancing security, interoperability, and user trust. It allows for transparent agent discovery, secure trust relationships between entities, and improved compatibility across institutions and chains within its Web3 social platform. What are ‘Trustless Agents’ in the context of ERC-8004? ‘Trustless Agents’ refer to entities (like organizations or smart contracts) that can interact securely and reliably on the blockchain without needing to implicitly trust each other. Their identity, reputation, and actions are verified and tracked on-chain, creating a trustless environment. Will this adoption improve user security on UXLINK? Yes, the adoption of ERC-8004 is expected to significantly improve user security on UXLINK. By verifying agent identities and tracking reputations on-chain, it reduces the risks associated with interacting with unknown or malicious entities, fostering a safer environment for social interactions. What is UXLINK’s long-term goal with ERC-8004? UXLINK’s long-term goal is to advance its reputation system and become a leading agent infrastructure that sets industry standards for ERC-8004. This aims to position UXLINK as a key contributor to the security and interoperability of the broader Web3 ecosystem. Share Your Thoughts! What do you think about UXLINK’s move to adopt the revolutionary ERC-8004 standard? Share this article on your social media platforms to spark a conversation about the future of Web3 security and trust. Your insights help shape the decentralized world! To learn more about the latest explore our article on key developments shaping Ethereum blockchain technology and its future impact. This post UXLINK Adopts Revolutionary ERC-8004 Standard for Enhanced Web3 Trust first appeared on BitcoinWorld.