In brief DePIN tokens are down as much as 99% from all-time highs, even as revenues climb. The sector now generates tens of millions in annual on-chain revenue. Projects are increasingly focused on  financing models and enterprise use cases, including AI. Low token prices continue to weigh on decentralized physical infrastructure networks (DePIN), but revenues across the sector are showing signs of resilience, according to a report from Messari.Most DePIN tokens stagnated or declined in 2025: Tokens launched between 2018 and 2022 are lagging their all-time highs by 94-99%, the report said. But a subset of networks is reporting growing…

Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), announced that the agency would join the efforts of the Securities and Exchange Commission’s Project Crypto.In remarks prepared for an SEC-CFTC discussion on harmonizing the agencies’ approach to digital assets, Selig said that the CFTC would partner with the SEC on its Project Crypto, an initiative launched in July to establish clarity on regulations for digital assets. According to the CFTC chair, the joint collaboration aims to “advance a clear crypto asset taxonomy, clarify jurisdictional lines, remove duplicative compliance requirements, and reduce regulatory fragmentation.” “Fragmented oversight imposes real economic costs—raising barriers…

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