The following is a summary of key developments in the Web3 and digital asset sector over the past 24 hours, compiled from official announcements and industry reports. **Regulatory Developments:** A Brazilian legislative committee has approved a bill proposing a ban on algorithmic stablecoins, including Ethena’s USDe. The move signals increasing regulatory scrutiny on decentralized finance (DeFi) instruments in major jurisdictions. **Blockchain Network Launches and Updates:** Payy, an Ethereum-based privacy-focused EVM Layer 2 network, has officially launched its mainnet. Separately, the Aster Chain testnet is now open to public participation, allowing developers to experiment with its decentralized exchange infrastructure. **Ecosystem Funding and Initiatives:** The Ethereum Foundation has unveiled a new research grant program aimed at supporting academic and technical exploration within the ecosystem. In a related development, Web3 security firm Certora has been awarded a grant by the Ethereum Foundation to advance zero-knowledge proof technology for the EVM. **Corporate and Funding News:** Singapore-based digital asset firm Penguin Securities has completed a funding round of approximately $18 million. Furthermore, Feltsense, a project focused on developing AI agents for founders, has secured $5.1 million in new funding. **Product and Feature Releases:** Binance Wallet has introduced a new ‘Security Scan’ feature designed to enhance user asset protection by proactively identifying potential vulnerabilities. In the artificial intelligence sector, OpenAI has launched ‘OpenAI Frontier,’ a new initiative details of which were released by the company. **Industry Warnings and Analysis:** A consortium of eight EU-regulated firms, including Securitize, has issued a warning that the European Union risks falling behind the United States in establishing clear regulatory frameworks for asset tokenization, potentially hindering the region’s competitiveness. **Featured Research and Commentary:** Recent industry analysis highlighted several in-depth topics: An examination of Tether’s open-sourcing of its Bitcoin mining operating system, MiningOS, and its potential to become a standard; a study of the AI agent social platform Moltbook and its implications for AI and Web3 convergence; a legal analysis of the regulatory risks for financial influencers offering trading advice; and a technical discussion on the potential threat quantum computing poses to Bitcoin’s underlying cryptography. *Disclaimer: The information presented is for informational purposes only and does not constitute investment advice or an offer. Readers are advised to comply with the laws and regulations of their respective jurisdictions.*
