Today, Kazakhstan has launched its first provincially supported Crypto Reserve in cryptography, working with Binance, Polish lawmakers have passed a drastic bill to regulate digital assets, and Hyperliquid has debuted 4,600 Hypurr NFTs on HypereVM.
Kazakhstan will debut state-backed Crypto Fund on BNB
Kazakhstan has partnered with Binance to establish a state-backed crypto-protection sanctuary, marking the country’s latest moves as a digital asset.
According to a Monday announcement on the Kazakh government website, the first digital asset in the fund’s portfolio is BNB (BNB).
The announcement also did not specify the amount of BNB purchased to sow the fund, nor did it give details on what other crypto investments would follow.
The fund, called the Alem Crypto Fund, was established by the Ministry of Artificial Intelligence and Digital Development and is managed by the Kazakhstan Venture Group under the Astana International Financial Center (AIFC).
“The main purpose of the fund is to make long-term investments in digital assets and build strategic reserves,” the announcement reads.
Binance has been a close partner and then CEO of Kazakhstan since 2022, Changpeng “CZ” Zhao has signed a memorandum of understanding with Kazakhstan’s Ministry of Digital Development to help develop the country’s cryptocurrency framework.
The news was announced less than a week after Kazakhstan deployed its own Tenge-backed Stablecoin, Kzte, to the Solana network through partnerships with MasterCard, Intebix and Eurasian Bank.
Poland advances strict cryptography bills, causing public backlash
Polish lawmakers approved bills regulating cryptocurrency markets, introduced major restrictions and established dedicated supervisory authorities.
The Polish parliamentary House of Representatives, SEJM, voted in favor of the Cryptocurrency Asset Market Act on Friday and sent the bill to the Senate for consideration.
Bill 1424, which has not yet reflected the apparent third read vote at SEJM, introduced the Crypto Asset Service Provider (CASPS) licensing regime and coordinated Polish regulations with the European Union market in the Cryptocratic Regulation (MICA) framework.
Passing the bill has sparked a strong community response to restrictive provisions introducing criminal liability for violations, including fines of up to 10 million Polish Zloti ($2.8 million) and sentences of up to two years.
The bill designates Polish financial supervisory body Komisha Nadrzor Vannsowego (KNF), as the leading regulator of the country’s cryptocurrency market.
Under the law, all CASPs, including both domestic and foreign exchanges, issuers and custodians, must obtain licenses from the KNF to operate in Poland.
To ensure a license, CASPS must submit a comprehensive application detailing the corporate structure, capital adequacy, internal control and compliance systems, risk management policies, and anti-money laundering (AML) procedures.
Early high lipid users sell AirDropped Hypurr NFT for $467,000
The early adopters of the Layer-1 blockchain high lipids, which were permanently focused on Sunday, were rewarded brilliantly on Sunday after the Hyper Foundation finally dropped the highly anticipated Hypurr’s inappropriate token collection in the air.
At the time of writing, the copyright NFT has around 1,458 high lipids (hype), or the current rank price of $68,700, according to Opensea data.
However, there are already spectacular sales that are far beyond that range. The exaggeration #21 NFT, which features extremely rare “Knight Ghost Armor” and “Knight Helm Ghost” properties, adopted 9,999 hype worth $467,000 on Sunday.