U.S. Senator Cynthia Lummis is pushing for cryptocurrency tax reforms to address regulatory burdens affecting Bitcoin miners and decentralized finance (DeFi) participants. She argues current tax rules impose unfair double taxation on miners and create excessive taxable events for DeFi… Read More »Senator Lummis Calls for Crypto Tax Reform to Ease Burden on Miners and DeFi Users
TRON’s native token (TRX) is exhibiting conflicting market dynamics, caught between signs of potential upside fueled by large investors and headwinds from capital outflows. Significant accumulation by whale wallets, increasing holdings by over 10% in the past month, suggests growing… Read More »TRX Faces Mixed Signals: Whale Accumulation Meets Declining TVL and Selling Pressure
Fintech startup Noah has raised $22 million in seed funding to scale its global stablecoin payment infrastructure. The investment round was led by LocalGlobe with participation from Felix Capital and FJ Labs. Strategic partnerships with stablecoin issuers Circle and Paxos… Read More »Noah Secures $22M Seed Funding to Expand Global Stablecoin Payment Infrastructure
An amendment to the proposed CLARITY Act has significantly expanded the U.S. Securities and Exchange Commission’s (SEC) authority to classify digital tokens, raising concerns about increased regulatory uncertainty and potential stifling of innovation, particularly impacting stablecoins. The original CLARITY Act… Read More »CLARITY Act Amendment Expands SEC Oversight Over Crypto Tokens, Sparks Industry Concerns
UK-based financial technology firm OpenTrade has raised $7 million in a funding round dedicated to expanding access to stablecoin yield products. The capital injection will specifically target markets experiencing high inflation rates. The initiative aims to broaden availability of yield-generating… Read More »OpenTrade Secures $7M Funding to Expand Stablecoin Yield Access in Inflation-Hit Markets
Renowned trader Peter Brandt has issued a stark warning, suggesting Bitcoin could face a significant correction potentially reaching 75%. Brandt bases this forecast on technical chart patterns observed in the current market, drawing parallels to formations seen in 2022. Brandt… Read More »Veteran Trader Peter Brandt Warns of Potential 75% Bitcoin Correction
Ethereum’s market capitalization has reached $337.64 billion, according to 8marketcap data. This milestone positions the cryptocurrency ahead of the Industrial and Commercial Bank of China (ICBC) in global asset rankings, securing the 37th spot worldwide. The achievement reflects heightened institutional… Read More »Ethereum Surpasses ICBC in Market Cap, Ranks 37th Globally
MicroStrategy Executive Chairman Michael Saylor has publicly recommended that technology giant Apple should explore adding Bitcoin to its corporate treasury holdings. Saylor argues that such a move would provide Apple with a superior store of value compared to holding large… Read More »Michael Saylor Urges Apple to Consider Adding Bitcoin to Corporate Treasury
A cryptocurrency wallet potentially associated with James Wynn has generated significant unrealized profits exceeding $2 million through highly leveraged trading positions. The wallet initiated a 40x leveraged long position on Bitcoin and a separate 10x leveraged long position on the… Read More »Wallet Linked to James Wynn Nets Over $2 Million in Unrealized Profit from High-Leverage Crypto Trades
Solana (SOL) experienced a significant price surge, climbing 9% from $147 to $164.70. This upward movement was accompanied by a notable increase in trading volume. The price jump followed closely on the heels of exchange-traded fund (ETF) filings for Solana… Read More »Solana Surges 9% on Major Asset Manager ETF Filings, Signaling Institutional Interest
GameStop has announced its first-quarter financial results, revealing a mixed performance with declining revenues but significantly improved profitability. The company also disclosed a strategic shift toward cryptocurrency by adding Bitcoin to its corporate reserves. Revenue for the quarter reached $732.4… Read More »GameStop Reports Q1 Revenue Decline but Profitability Surge, Adds Bitcoin to Reserves
GameStop has announced a dramatic financial turnaround in its first-quarter results, reporting net income of $44.8 million compared to a net loss of $32.3 million during the same period last year. This reversal was driven by aggressive cost-cutting measures and… Read More »GameStop Posts Q1 Profit Surge and Enters Bitcoin Market with Strategic Investment
Bloomberg ETF specialist James Seyffart has projected significant regulatory approval probabilities for several cryptocurrency spot exchange-traded funds. According to his analysis, Litecoin (LTC) and Solana (SOL) ETFs lead with a 90% likelihood of clearance. XRP-based ETFs follow closely with an… Read More »Bloomberg Analyst Forecasts High Approval Odds for Multiple Crypto Spot ETFs
Bitcoin’s futures market has undergone significant deleveraging as Open Interest – the total value of unsettled derivative contracts – dropped by $1 billion. This reduction signals a broad unwinding of speculative positions amid growing market uncertainty. The decline follows Bitcoin’s… Read More »Bitcoin Open Interest Plummets $1 Billion Signaling Market Correction Risk
Guggenheim Treasury Services has launched a $280 million digital commercial paper initiative on the XRP Ledger (XRPL), signaling a major advancement for institutional adoption of blockchain technology. The project leverages the ledger’s efficiency, low transaction costs, and regulatory compliance advantages.… Read More »Guggenheim Issues $280M Digital Commercial Paper on XRP Ledger, Boosting Institutional Blockchain Adoption
Bitcoin’s upcoming protocol upgrade will significantly increase the OP_RETURN data size limit from 80 bytes to a larger capacity, enabling more extensive data embedding within transactions. This enhancement allows developers to include larger data payloads in single transactions, improving efficiency… Read More »Bitcoin Protocol Update to Expand OP_RETURN Data Capacity for Enhanced Blockchain Utility
Hyperliquid’s native token HYPE soared to an all-time high of $42 in early June, propelled by intense whale accumulation and record-breaking trading activity. This milestone underscores heightened institutional confidence and bullish sentiment within the crypto derivatives market. Trading volume for… Read More »Hyperliquid’s HYPE Token Hits Record $42 on Whale Accumulation and Trading Frenzy
Guggenheim Treasury Services has announced a strategic partnership with financial technology firm Zeconomy to issue digital commercial paper using the XRP Ledger. This collaboration marks a significant step in applying blockchain technology to traditional financial instruments, leveraging the efficiency and… Read More »Guggenheim Partners with Zeconomy to Issue Digital Commercial Paper on XRP Ledger
MicroStrategy Executive Chairman Michael Saylor has presented a case suggesting Bitcoin may avoid another prolonged crypto winter, driven by fundamental supply and demand dynamics. He forecasts the cryptocurrency could potentially reach $1 million, fueled by increasing institutional adoption and market… Read More »Michael Saylor Predicts Bitcoin Could Avoid Crypto Winter, Targets $1 Million
Bullish, a parent company in the cryptocurrency sector, has confidentially submitted an application for an initial public offering (IPO) according to a report by the Financial Times. The filing was made under confidential terms, which typically allows companies to withhold… Read More »Bullish Confidentially Files for IPO, Financial Times Reports