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US President Donald Trump announced Tuesday night that congressional leaders have agreed to advance the landmark GENIUS Act following an Oval Office meeting, marking a significant turnaround after House Republicans failed to pass a key procedural vote earlier this week. “I am in the Oval Office with 11 of the 12 Congressmen/women necessary to pass … <a href="https://beincrypto.com/trump-genius-act-congressional-breakthrough-oval-office/">Continued</a>


Two deputies from the Los Angeles County Sheriff’s Department are facing federal charges over their roles in a civil rights conspiracy connected to a jailed cryptocurrency entrepreneur known as “The Godfather.”


- 07:01Mecca ecosystem secures $8 million in strategic investment, with investors including Gemhead Capital and othersChainCatcher reported that the blockchain-based Mecca ecosystem has secured a strategic investment of $8 million from a consortium of global investors, including Gemhead Capital, Alpha Capital, BD Ventures, and several well-known Asian family offices. This round of financing took place in a market environment where venture capital in the blockchain sector remains cautious. Mecca aims to pioneer the next generation of financial and payment ecosystems, with core principles encompassing a sustainable, reward-driven financial model, a transparent participant-centric revenue structure, and an environmentally conscious blockchain framework. Its design is scalable and meets the demands of the Fourth Industrial Revolution to achieve seamless cross-industry integration. The Mecca decentralized application (DApp) payment solution, based on Solana, is expected to launch in the coming months. The platform will support both online and offline transactions, embedding Mecca tokens into real-world payment systems to enhance utility. Currently, Mecca plans to use the raised funds to accelerate development, strengthen its technological foundation, and drive innovation in the blockchain industry.
- 06:38California's $500 billion pension fund divided over bitcoin exposureJinse Finance reported that the California Public Employees' Retirement System (CalPERS) sparked differing reactions among candidates regarding cryptocurrency investment at a forum on Wednesday, despite the fund holding shares in bitcoin treasury company Strategy (formerly MicroStrategy). Among the six candidates vying for seats on the CalPERS board, opinions were divided when asked whether bitcoin should be included in the $506 billion fund's investment portfolio. According to its Q2 13F filing, CalPERS holds 410,596 shares of Strategy stock, valued at $165.9 million, giving the pension fund a significant indirect bitcoin exposure through the company.
- 06:22Seal announces mainnet launch, Walrus becomes the first decentralized data platform with access controlChainCatcher reported that the decentralized key management solution Seal has announced its mainnet launch, providing encryption and access control features for any developer building on this protocol. With the release of Seal, Walrus has become the first decentralized data platform to natively support on-chain access control, enabling the integration of programmable data access solutions in applications of any scale. This unlocks more use cases, including sharing proprietary training data or fine-tuning models under strict access policies, token-gated subscription services, and dynamic game content. Currently, dozens of projects based on Walrus are using Seal, including Inflectiv, Vendetta, TensorBlock, and others, demonstrating the immediate practical value of on-chain encryption and access control. In addition, OneFootball plans to use Walrus + Seal to provide content with built-in copyright management, and Watrfall is leveraging Walrus + Seal to unlock new models of distribution, ownership, and fan engagement. Alkimi is already processing over 25 million ad impressions daily on Walrus, ensuring the confidentiality of client data through Seal. Reportedly, Seal was launched by Mysten Labs, the original contributors to the Sui blockchain, aiming to achieve programmable, application-specific access control logic through Move, and utilizing identity- and threshold-based cryptographic technologies to ensure seamless and secure client-side encryption/decryption processes.