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ChainCatcher reported that the New York State Assembly introduced Bill A9138 on Friday, which is a companion to Senate Bill S8518. The bill aims to impose a tiered consumption tax based on electricity usage for proof-of-work cryptocurrency mining operations. According to the bill, mining operations with annual electricity consumption exceeding 2.25 million kilowatt-hours will be subject to taxation, with rates ranging from 2 to 5 cents per kilowatt-hour. The tax revenue will be used to fund New York State's energy affordability programs, providing support to low- and middle-income households. Mining facilities that operate entirely off-grid and use only renewable energy will be exempt from this tax. If passed, the bill will take effect on January 1, 2027.

On October 20, according to official news, PancakeSwap announced that the community-driven DeFi platform Sigma.Money will open token subscription through CAKE.PAD, becoming the first DeFi project on the platform. Sigma.Money allows users to trade assets such as BNB with up to 7x leverage, adopts a partial liquidation mechanism to reduce forced liquidation risks, and its stablecoin bnbUSD is collateralized by BNB and related assets, maintaining its peg through a stability pool and redemption mechanism. The subscription event will take place from 02:00 to 07:00 UTC on October 21, during which users can subscribe to SIGMA tokens using CAKE, and 100% of the tokens will be immediately tradable after the event ends. This CAKE.PAD offering provides 15 million SIGMA (accounting for 1.5% of the total supply), with a fundraising target of $150,000.