[Comparative Daily Picks] The British government plans to introduce laws on stablecoins and crypto staking within 6 months; Coinbase seeks to launch derivatives products such as perpetual futures contracts in Canada; Capital One negotiates to acquire Discover, a crypto company, or benefit

Compare the Web3 news selected for you every day:

[The UK government plans to introduce laws on stablecoins and crypto staking within 6 months]

Comparatively, according to Bloomberg, the UK government plans to get lawmakers to approve new rules governing stablecoins and crypto asset pledge services within the next 6 months, as pressure to put forward specific proposals ahead of the upcoming election is increasing.

British Treasury Secretary of the Economy Bim Afolami said in a speech today that the government is “vigorously promoting” legislation. He said, “We know very well that we want to complete these things as soon as possible. I think these things are doable in the next six months.”

The UK Treasury first promised in October 2023 to provide more explicit information on specific areas of cryptocurrencies sometime in 2024, but broader proposals to include crypto exchanges and other industry providers in existing financial services rules are still pending. When asked if the guidance might also become legislation this year, Afolami said he was unable to provide a timeline.

【CoinbaseSeek to launch derivative products such as perpetual futures contracts in Canada]

In comparison, Coinbase Canada Regional Director Lucas Matheson said in an interview that Coinbase is seeking to launch perpetual futures contracts and other derivatives products in Canada, and is in open dialogue with politicians and regulators such as the Ontario Securities Commission (OSC) to update the country's policies to achieve this goal.

Additionally, Coinbase is applying for “restricted dealer registration,” a new type of guideline requiring exchanges to register with the Canadian government. To that end, Coinbase recently joined the Canadian Web3 Commission, a multi-party non-profit organization that aims to make Canada's legislative and regulatory initiatives more industry-friendly.

[Capital One negotiates to acquire Discover, crypto company or benefit]

Comparing news,ReutersAccording to reports, Capital One, an American consumer lender backed by Warren Buffett, plans to acquire credit card issuer Discove. According to LSEG data, Discover Financial's market capitalization is 27.6 billion US dollars, while Capital One's valuation is 52.2 billion US dollars. The deal will enable America's largest credit card company by loan size to surpass longtime rivals JP Morgan and Citibank, according to data compiled by industry research.

Furthermore, the acquisition may benefit crypto companies. Currently, Capital One helps its clients enter the cryptocurrency market, and holders of Capital One accounts can safely transfer dollars to authorized and regulated cryptocurrency exchanges. Discover Financial has hired a new blockchain and digital currency product manager. If the acquisition is successful, it may promote the integration of crypto products or launch new products.

[Forbes atThe Sandbox[Permanent virtual world launched in China]

Comparing news, Forbes announced the formal establishment of permanent land in The Sandbox virtual universe. This strategic move not only marks Forbes' deeper involvement in the Web3 field, but also strengthens its belief in the transformative potential of the virtual universe. According to reports, the new Forbes virtual world experience is located on some plots west of “Dracula Castle” and north of “HODL Island” in the sandbox, and is currently open to the public. Forbes' virtual estate will serve as a dynamic community center designed to facilitate interaction, engagement, and collaboration among the Forbes Web3 community.

[SkyBridge Founder: USSECThe reason the chairman is cracking down on cryptocurrencies is that he wants to be the next Minister of Finance]

Twitter News, founder of SkyBridgeAnthony ScaramucciSaid the Chairman of the US Securities and Exchange CommissionGary GenslerThe real reason for taking a tough stance on crypto is his desire to serve as Treasury Secretary during President Joe Biden's second term.

Anthony Scaramucci further stated that although Gray Gensler is openly against cryptocurrencies, he is essentially a cryptocurrency believer, adding: “Go to MIT to watch his 24-hour lecture, Gary Gensler taught blockchain courses there, and he doesn't hate cryptocurrencies. But now politics is interfering with America's regulatory powers.”

【Lookonchain: An address bought 54,721 ETH in the past 32 hours, orSun Yuchen[Related]

According to Lookonchain monitoring data, the suspected address associated with Sun Yuchen bought 54,721 ETH in the past 32 hours, worth about US$154.4 million.

【Mask Networkand its Bonfire Union fund reached the $100 million milestone, further supporting decentralized social protocols]

Comparing news, the decentralized social networking protocol Mask Network announced that it will launch the second fund of its venture capital division Bonfire Union. Since their establishment in 2022, the two funds have raised a total of 100 million US dollars.

Bonfire Union's goal is to strategically invest in decentralized social networks and infrastructure. To date, more than 120 projects have joined the Mask Network ecosystem under Bonfire Union, including some of the fastest-growing Web3 projects such asRSS3, Lens, andscroll。

Additionally, Mask Network and its social aggregation app Mask X Firefly App (Firefly) have jointly launched a $10 million builder program aimed at further accelerating the development of all decentralized social protocols through subsidies.

Author: BitPushNews Mary Liu

Twitter:https://twitter.com/BitpushNewsCN

Compared to the Discord community:https://discord.com/invite/QSvv7MZ2tz

Compare the TG exchange group:https://t.me/BitPushCommunity

Compare TG subscriptions:https://t.me/bitpush

This article is from a comparison. You must indicate the source for reprinting the article.