the center-right cried foul over inconsistent tax treatment of assets, the far-right moaned about higher taxes in general, and the center-left demurred, saying they would wait for a formal government proposal before taking a firm stance. Only Die Linke threw their support behind the bill, albeit with a litany of caveats that would have gutted half its intended purpose.
“Layers 1 and 2 are where the overwhelming majority of IREN’s value is being created today,” Roberts wrote. “Layer 3 is where that advantage compounds further over time.”
The company, formerly known as Iris Energy, has expanded beyond bitcoin mining into AI infrastructure, a wider trend that has been seen in the industry, with projects spanning Texas, British Columbia, Oklahoma, Spain and Australia. Roberts said IREN has secured roughly 5 gigawatts of grid-connected capacity globally.
He argued that owning the full stack creates a long-term competitive moat as AI demand accelerates globally, particularly in underserved regions such as Europe and Asia-Pacific.
The disruption, as it turns out, wasn’t just a case of the Mondays. Pythnet, the blockchain backbone with a name that sounds like a mythical serpent, and its sidekick Hermes (not the Greek god, alas) both threw in the towel. Price feeds? Halted. Sponsored feeds? Also halted. It was like the entire network decided to join a silent disco, but forgot to hand out the headphones.
Tom Lee, a man whose confidence is as boundless as a Russian steppe, does not believe that this wave of IPOs will derail the markets. Even if these offerings were to eclipse the dot-com boom in scale, he insists, the markets will remain as steady as a peasant’s cart on a muddy road. One can only admire his faith in the resilience of human greed.
Crypto.news tells us that NEAR Protocol ascended from its weekly abyss of $1.47 to a lofty $2.10, before pressing on to $2.20. All this while Bitcoin and Ethereum, those staid aristocrats, languished in their drawing rooms, fretting over inflation and the Fed’s next move. Ah, the drama!
Strip away the meme coins, the price predictions, the ETF flow charts, and the regulatory drama. The single most consequential thing happening in digital assets right now has nothing to do with any of it. It is not Bitcoin. It is not even speculation. It is the quiet, accelerating absorption of stablecoins into the actual plumbing of how the world moves money.
Regulatory headlines and a white-hat hacker returning $8.5 million in stolen ETH? Just another Tuesday in crypto. The Crypto Fear & Greed Index sat at 39, which is basically the market’s way of saying, “I’m fine, but I’m also holding a stress ball.”
Key Takeaways:
I don’t see this as them trying to stifle crypto innovation. What they *want* is for stablecoins – those tokens pegged to traditional currencies like the pound – to be something you can actually use when you’re shopping or using apps. The key is to do it without creating the same risks we saw with bank runs, or relying on potentially shaky offshore financial systems. They’re focused on making sure our UK payment systems stay safe and stable.
But wait, there’s more! The Blockchain Leadership Fund, another crypto-aligned group with deep pockets (though not as deep as they’d like us to think), has thrown its weight behind 10 candidates across seven states for the 2026 midterms. Four Senate hopefuls and six House contenders are now officially the cool kids at the crypto prom. And get this-it’s a bipartisan affair! Republicans Barry Moore, Kurt Alme, and Jon Husted are rubbing shoulders with Democrat Angie Craig. Because nothing unites America like the promise of digital assets.