VeChain’s Renaissance 2025: Galactica Testnet & Staking Upgrades

VeChain’s Renaissance 2025 initiative is in full swing with the rollout of the Galactica Testnet and Stargate, featuring dynamic gas fees, 100% fee burns, and NFT-based staking. The network has transitioned to a validator/delegator model, allowing broader participation while maintaining stability. Key upgrades include enhanced Ethereum Virtual Machine (EVM) compatibility, a shift toward Weighted Delegated Proof of Stake (WDPoS), and JSON-RPC integration for seamless developer access. Additionally, VeChain has achieved MiCAR compliance, enabling legal token use across the EU, further solidifying its position in enterprise blockchain development. These changes aim to foster long-term engagement, deflationary tokenomics, and cross-chain interoperability.

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EFG International CEO Salary Increases Significantly Amid Strong Profit Growth

EFG International’s CEO Giorgio Pradelli saw his salary rise by 35% to CHF 7.4 million in 2024, reflecting the bank’s successful year with a profit of CHF 321 million. The Executive Board’s total remuneration increased nearly 50% to CHF 20.9 million, while the Chairman’s fee remained at CHF 1.58 million.

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Decentralized Finance A New Era of Capitalism and Market Fairness

Decentralized finance (DeFi) is reshaping capitalism by promoting transparency, fairness, and individual control over assets, challenging traditional financial systems dominated by monopolies. However, regulatory pressures, particularly from the IRS, threaten its growth and could push developers to relocate to more favorable jurisdictions, undermining the essence of a free market. Striking a balance in regulation is crucial to ensure DeFi can thrive while protecting consumers.

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Elizabeth Warren Proposes Stricter Crypto Regulations to New Treasury Secretary

Elizabeth Warren has intensified her campaign against cryptocurrency, urging Treasury Secretary-designate Scott Bessent to implement stringent regulations, particularly in anti-money laundering efforts. She highlighted the risks of crypto being used for criminal activities and proposed legislative changes to classify crypto exchanges and decentralized finance under the Bank Secrecy Act. Amidst this, Warren faced criticism for allegedly exploiting the California wildfire disaster for political fundraising.

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