BANKLorenzo Protocol Price

Former National Bank president and opposition politician Roman Gotsiridze claims cryptocurrency mining farms in Georgia are straining the national energy system while contributing almost nothing to the state budget, operating on tax and electricity tariff privileges. He states the farms consume about 6% of domestically generated electricity, or roughly 1 billion kilowatt-hours annually—equivalent to the consumption of Batumi—maintaining a constant load on the grid linked to frequent infrastructure failures. While not advocating a blanket ban, Gotsiridze argues mining should operate under general business conditions, competing and paying taxes. He alleges the largest farm is linked to Bidzina Ivanishvili's ruling party clan and benefits from unjustified preferential treatment. His core demand is an immediate ban on cryptocurrency mining in free industrial zones, removing its privileged status, as the sector consumes vast energy with minimal fiscal return for Georgia.

Digital banking platform Fasset has raised $68 million in a new funding round led by Japan's SBI Group, achieving a post-money valuation of $1 billion. Combined with a $51 million raise in May 2026, the company has secured $119 million this year. Fasset's CEO, Mohammad Raafi Hossain, reported that annual revenue has grown approximately sixfold and the business has been profitable for 12 consecutive months. Revenue primarily comes from institutional and retail payments and settlements using stablecoins, with cards and bank accounts emerging as new income streams. Fasset operates on its own Ethereum Layer-2 infrastructure, OWN Network, built on Arbitrum and utilizing AI systems. This network connects financial institutions across over 100 banking corridors. The newly raised capital will be used to expand OWN Network and develop AI systems that optimize transaction routing based on cost, speed, and availability. The partnership with SBI provides Fasset access to the group's extensive financial network in Japan and Asia, with plans to collaborate further with SBI's portfolio companies and expand into new markets.

A new project called The Standard Reserve has emerged, branding itself as a "sovereign on-chain central bank." It aims to replicate core central bank functions—currency issuance, money supply adjustment, and reserve accumulation—entirely through 4,000 lines of immutable code, with no human governance. Its core mechanism is a "reflexive monetary policy" based on a single signal: the net ETH flow into or out of the system's sole Uniswap v4 ETH/$STANDARD pool. Sustained net ETH inflows trigger an "expansion" phase, increasing $STANDARD issuance and using protocol fees to buy tokenized gold as a permanent hard reserve. Net outflows (or zero flow) trigger an immediate "contraction" phase, reducing issuance and using fees to buy back and burn $STANDARD. The system involves six key entities: the $STANDARD token (hard-capped at 1 billion), the central Uniswap pool, the Central Bank contract, Charter NFTs (acting as "banking licenses"), Branch units under each Charter (which earn a share of newly minted $STANDARD), and separate Vaults for expansion (buying gold) and contraction (buying back $STANDARD). To participate, users ideally acquire a Founding Charter NFT (initially 1,000 are free via allowlist/public mint). Each Charter comes with one Branch; more can be opened by burning $STANDARD for "expansion permits," increasing revenue share. Retiring a Branch lets users claim accumulated $STANDARD but imposes a dynamic exit fee (higher if many exit simultaneously), with half the fee burned and half distributed to remaining participants. All protocol revenue (from pool fees and Charter auctions) is allocated: 70% to the active Vault (for gold or buybacks), 15% to permanent protocol-owned liquidity, and 15% to the team. The project presents an innovative, game-theoretic model where user actions (expanding Branches by burning tokens or exiting) align with system goals of building reserves or inducing deflation. However, it is fully anonymous, with key parameters undefined and unaudited code, posing significant risks.

The Trump family-supported cryptocurrency project World Liberty Financial (WLFI) has received preliminary approval to establish a national trust bank in the United States, according to Bloomberg. This status, while limiting activities like lending, would allow the company to issue and service its USD1 stablecoin under federal oversight from the Office of the Comptroller of the Currency (OCC). Currently operating under state law, the move to a federal charter aims to mitigate legal risks from varying state regulations. To obtain the final charter, WLFI must still meet requirements for capital, corporate governance, and auditing. The USD1 stablecoin, launched in spring 2025 and backed by U.S. government bonds, saw its market capitalization exceed $5 billion in early 2026 but has since declined to approximately $3.98 billion. The project's revenue is generated from interest on the treasury bonds backing the stablecoin, meaning growth in the token's issuance increases demand for U.S. debt and potential income for the Trump family as co-founders.

A new study from the Federal Reserve Bank of Cleveland found that providing information on Bitcoin's past performance significantly increases the likelihood of investors entering the cryptocurrency market. Participants who were given data on Bitcoin's recent returns were much more likely to acquire cryptocurrency in the future. The research, focused on U.S. household crypto investments, showed that participants informed of Bitcoin's 14.3% return over the previous 12 months were approximately 2.41 percentage points more likely to report owning cryptocurrency in a follow-up survey. When shown a price chart, the increase was about 2.48 percentage points. Given a baseline ownership rate of 11%, this represents a relative increase of roughly 23%. Furthermore, these participants allocated about 2 percentage points more of their investment portfolios to cryptocurrencies, largely by shifting funds from cash and bank accounts. The study noted that the effect of past performance information was stronger on individuals who were less knowledgeable about cryptocurrencies initially. Economists concluded that awareness of Bitcoin's historical gains can attract new investors who previously did not follow or own digital assets.