PsiQuantum, a developer of photonic quantum computers, has begun construction of a facility in the Australian state of Queensland. There the company plans to house a fault-tolerant, industrial-scale quantum computer. First, PsiQuantum will prepare the infrastructure for a large cryogenic installation by Linde Engineering. The company then expects to launch cryogenic…

Tether announced the gradual winding down of the Alloy by Tether platform and the aUSDT stablecoin after a review of user activity, market demand, and the company's strategic priorities. The company's statement notes that Alloy by Tether was created as an open platform to study demand for digital assets backed by Tether…

CZ is urging states to tokenize their stock markets and launch national stablecoins following meetings with Asian leaders and regulators.

The Chicago Mercantile Exchange (CME Group) will file a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC). CME head Terrence Duffy said this in a comment to CNBC. The reason was the agency's authorization for the Kalshi platform to launch perpetual futures. Duffy stated that such instruments are swaps. Under the Dodd-Frank Act, this requires different…

Senators Ruben Gallego and Cynthia Lummis came out with a resolution banning a pardon, amnesty, or any other reduction of the sentence of former FTX exchange CEO Sam Bankman-Fried. They stated that he did not deserve release and pointed to the absence of signs of remorse. Recall that Bankman-Fried filed an official pardon petition with the U.S. president's administration…