Crypto Ecosystem Sees Governance Evolution, Mining Shifts, and Heightened Sanctions
Crypto Ecosystem Sees Governance Evolution, Mining Shifts, and Heightened Sanctions
The Solana Foundation has unveiled a new framework for protocol-level governance, empowering validators with a significant stake in SOL to submit new proposals. Concurrently, SBI Crypto, a notable Bitcoin mining operator, announced the cessation of its mining pool after a five-year run.
On the regulatory front, OFAC has significantly expanded its sanctions list, adding 134 crypto wallet addresses linked to ISIS-K, with a particular focus on Tron addresses and associated frozen funds by Tether. These developments highlight ongoing innovation in decentralized governance, evolving mining landscapes, and intensified efforts against illicit finance in the digital asset space.
The Solana Foundation launched a framework for protocol-level governance, enabling validators with at least 100,000 delegated SOL to publish new proposals.
SBI Crypto will shut down its Bitcoin mining pool on July 31 after more than five years, ranking 12th globally with about 2.2% of hashrate share.
OFAC added 134 crypto wallet addresses linked to ISIS-K to its sanctions list, including 131 Tron addresses that received more than $1.4 million in crypto donations, according to Chainalysis.