Raina Casbon-Kelts

#WEB3 德州正式設立比特幣儲備基金，成為美國第三個擁有公營比特幣儲備的州。新法案不僅允許直接購買比特幣，更透過嚴格監管與法律保障，確保該基金的長期運作與財務獨立性。這不但是對抗通脹的對策，也展現出州政府對加密資產的制度性認可。 Texas has become the third U.S. state to legally establish a public Bitcoin reserve fund, aiming to hedge against inflation and market volatility. With strict eligibility and custody rules, plus legal safeguards to protect the reserve’s long-term operation, Texas is setting a precedent for institutional crypto adoption among U.S. states. 📌 一杯咖啡價錢連接 Web3 世界 https://lnkd.in/fGHX2Et Full article

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This is significant: Florida Senate Passes Unprecedented, Comprehensive Stablecoin Regulation While Washington stalls, Florida acts. Federal stablecoin legislation has been stuck in neutral for years, caught between competing bills, partisan gridlock, and an industry that can't stop fighting itself over turf, standards, and who gets to define "decentralization." The result? Regulatory silence at the national level, and billions of dollars in stablecoin activity operating in a legal gray zone. Florida just decided not to wait. The Florida legislature has unanimously passed SB 314 — the first comprehensive, standalone state framework in the U.S. built specifically for payment stablecoins. It now sits on Governor DeSantis's desk, with a signature expected within 30 days. This isn't a broad "digital asset" bill. It's targeted, practical, and clearly drafted with one goal: give issuers and users actual legal clarity. Here's what it does: - Creates a formal "payment stablecoin" category under Florida's money-services laws - Brings issuers — including out-of-state firms — under state licensing and AML oversight - Explicitly clarifies that compliant stablecoins are not securities under Florida law - Aligns with the federal GENIUS Act via a dual-track approach, so businesses don't have to choose between state and federal compliance - Authorizes state agencies to accept stablecoins for taxes, fees, and licenses, with a pilot program to test operational use That last piece shouldn't be overlooked. Florida isn't just regulating stablecoins; it's signaling it's willing to use them. The broader lesson here is one Washington should pay attention to: regulatory vacuums don't stay empty. When federal bodies are paralyzed by infighting and slow-moving legislation, states fill the gap. Florida did it with insurance. Texas did it with energy. Now, Florida is doing it with digital payment infrastructure. For issuers looking for an "onshore" home with clear licensing rules and non-securities status, Florida just put itself on the map. For fintechs and merchants operating there, a real legal framework for stablecoin payments is now weeks away from becoming enforceable law. The question for the rest of the country, and for Congress, is whether this becomes a model or a competitive wedge. https://lnkd.in/etXUp2ck

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Telcoin Association Council Updates | Three Weeks of Progress Over the past three weeks, three councils within the Telcoin Association met to advance critical work as mainnet launch approaches. Each focused on distinct priorities, but all working toward the same goal: finalize infrastructure, activate community incentives, and prepare for validator onboarding. 2. TELx Council | Exploring Merkle and Balancer V3 Alternatives TELx continues evaluating alternatives that could reduce concentrated liquidity complexity for providers. The council is pursuing multiple parallel investigations. Merkle integration discussions are progressing. The platform offers granular control over reward parameters and operates on approximately 1% of incentives distributed. For TELx’s 200 million TEL annual budget, this represents roughly 2 million TEL in service fees. The council views this as worthwhile to eliminate manual maintenance overhead and ensure consistent distribution without gaps. The key challenge is evaluating whether Merkle can support position-level subscription tracking required for TELx governance. This work continues with support from Leo, Andrew, and Eric. Balancer V3 Reclaim Pools emerged as a compelling option. These pools combine concentrated liquidity benefits with automated maintenance that eliminates time-intensive position management. Unlike traditional concentrated liquidity where individual wallets manage ranges, Reclaim Pools adjust the price range collectively and automatically rebalance as assets trade. This “set it and forget it” approach directly addresses community feedback about V4 complexity. Early data shows existing pools on Ethereum, Arbitrum, Optimism, Avalanche, and Base averaging higher single-digit returns on fees alone, with aggressive pools reaching 20-30% APR before incentives. The challenge is that Balancer V3 hasn’t been deployed on Polygon yet, though documentation indicates compatibility exists. Uniswap V4 pool performance showed measurable improvement in recent weeks. Data revealed better balance between liquidity percentage and rewards percentage, with positions holding 40% of pool liquidity earning close to 40% of rewards. However, V4’s complexity remains better suited for volatile pairs like TEL/ETH than stable pairs. A decision on V4’s long-term direction is targeted for early February. USDC/eUSD pairs on Polygon and Ethereum have shown up following the soft launch of Telcoin Digital Asset Bank. The council will be working with Telcoin Holdings to determine if these holdings-initiated pools fall under TELx governance, whether they should receive incentives, and whether hooks are required for voting rights. Discussions with Paul Neuner will establish appropriate governance structure as digital dollar infrastructure scales. Please refer to the rest of the three week progress here https://lnkd.in/gCc66eHX

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Blockchain Association pitches crypto tax plan to Congress: treat stablecoins as cash for everyday buys, add de minimis exemption for low-dollar trades, apply wash-sale rules for loss harvesting. Mining/staking stays capital gains. Aims to slash reporting burden—no revenue hit on micro-gains, keep privacy + enforcement. Lummis’ bill echoes this; Warren calls it a “$5.8B giveaway.” Lobby’s meeting lawmakers—clarity could boost adoption, but fights loom. Tax rules shape the future. Who’s watching? #CryptoTax #BlockchainAssociation #Fintech #Policy #Congress

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Google Gemini 2.5 wow factor! Real time speech translation in google meet. Cant wait to try this one out! Here are 13 new AI updates you can't miss: 1. Gemini Live. You can now turn on your camera, point at anything, and talk to Gemini about it in real time. 2. Imagen 4. Google's best image model yet 3. Veo 3. The first video model with native sound generation 4. Deep Research 5. Project Astra. A JARVIS-like research prototype exploring the capabilities of a universal AI assistant 6. Google Flow. AI filmmaking tool for creators 7. Agent Mode. A new feature in the Gemini app that lets you state a goal, and Gemini will handle the steps to achieve it 8. Google Jules. Jules is an AI-powered coding assistant that can read your code, write tests, fix bugs, and update dependencies 9. AI Mode in Search. AI Mode transforms Google Search into a conversational assistant 10. Real-time speech translation in Google Meet 11. Google Beam. An AI-first video communication platform that turns 2D video streams into realistic 3D experiences 12. Gemma 3n. A new open-source AI model optimized for mobile devices 13. Try-On. Google's Virtual Try-On feature lets you upload a photo of yourself to see how clothes would look on you. #AI #GOOGLE #GEMINI #TRANSLATION

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