Author: Chris Smith
US House panel advances broad crypto tax bill
Reading Time: < 1 minuteThe Digital Asset Tax Certainty Act was introduced by committee Chair Jason Smith and combines several proposals discussed by lawmakers during a June hearing.
Bitcoin ETFs post biggest outflow since June
Reading Time: < 1 minuteUS spot Bitcoin ETFs recorded $450.4 million in net outflows on Tuesday, marking their largest daily withdrawal since late June.
Balancer proposes protocol wind-down and treasury distribution
Reading Time: < 1 minuteThe proposal, submitted by treasury council member and former Balancer Labs CEO Marcus Hardt, would end new business development, gradually shut down the protocol and wind down the DAO.
U.S. Senate Rejects Landmark Clarity Act, Stalling Major Crypto Regulatory Push
Reading Time: 2 minutesThe US Senate blocked the landmark Clarity Act, stalling a major crypto regulatory push and leaving the digital asset industry without a clear framework.
17 US attorneys general oppose Clarity Act ahead of Senate vote
Reading Time: < 1 minuteA bipartisan group of 17 US attorneys general has urged senators to reject the Clarity Act, arguing that the bill could weaken states’ ability to pursue crypto fraud and protect investors.
US seeks $61 million in crypto linked to Iranian oil sales
Reading Time: < 1 minuteThe US Department of Justice is seeking to seize about $61 million in cryptocurrency allegedly linked to illicit Iranian oil sales.
Senate Braces for Historic Vote on Landmark Cryptocurrency Clarity Act
Reading Time: < 1 minuteThe US Senate prepares for a historic vote on a landmark bill that could finally establish a clear regulatory framework for the cryptocurrency market.
Reform UK receives record $97 million from crypto billionaires
Reading Time: < 1 minuteReform UK has secured a combined £72 million ($97 million) from crypto billionaires Ben Delo and Christopher Harborne.
Bitcoin ETFs lose $463 million as Ether funds remain resilient
Reading Time: < 1 minuteUS spot Bitcoin ETFs recorded $462.7 million in net outflows last week, ending a three-week run of positive flows.
Symbiosis Recovers 15 BTC Post-Bridge Exploit, Offers Hacker 20% Bounty
Reading Time: < 1 minuteSymbiosis recovers 15 BTC after a major bridge exploit and offers the hacker a 20 percent bounty to return the remaining stolen funds.
Hunter Biden memecoin plunges 99% after volatile launch
Reading Time: < 1 minuteThe team behind Hunter Biden’s LAPTOP memecoin attributed its first-day collapse to automated trading bots and limited liquidity, after the token briefly reached a market capitalisation of about $110 billion.
Bitwise to close Dogecoin ETF after 10 months
Reading Time: < 1 minuteBitwise will liquidate its spot Dogecoin exchange-traded fund (ETF), ending the product less than a year after its launch.
MoneyGram launches stablecoin card as remittance firms enter crypto payments
Reading Time: < 1 minuteMoneyGram has introduced a Visa-branded card that lets customers spend stablecoins, following a similar launch by Western Union as traditional remittance firms expand into digital assets.
ESMA flags risks from closer crypto-finance links
Reading Time: < 1 minuteCloser ties between crypto markets and traditional finance could increase the potential for disruptions to spread across the financial system, the European Securities and Markets Authority (ESMA) has warned.
Sam Bankman-Fried Appeals to Supreme Court Over $11B Forfeiture and Conviction
Reading Time: < 1 minuteFTX founder Sam Bankman-Fried appeals his fraud conviction and 11 billion dollar forfeiture to the Supreme Court, claiming his trial was unfair.
Jack Dorsey’s Block Seeks Federal OCC Bank Charter to Bypass Intermediaries
Reading Time: < 1 minuteJack Dorseys Block applies for a national OCC bank charter to offer direct nationwide services and eliminate reliance on third-party financial partners.
DBS and Citi Complete Historic Weekend Cross-Border Tokenized USD Payment
Reading Time: < 1 minuteDBS and Citi make history with the first weekend cross-border USD settlement using tokenized deposits to enable 24/7 real-time banking.
Bitcoin Stabilizes Near $80,000 as Impending CPI Data Tests Market Resilience
Reading Time: < 1 minuteBitcoin holds steady near 80000 dollars as upcoming US inflation data and rising interest rate fears test the cryptocurrency markets resilience.
Coinbase Seeks SEC Approval for 24/7 Retail Equity Perpetual Trading
Reading Time: 1 minuteCoinbase is seeking SEC approval to launch 24/7 retail equity perpetual futures trading, bridging the gap between traditional finance and crypto.
Former xAI and X Corp CFO Anthony Armstrong Joins Coinbase Board
Reading Time: < 1 minuteCoinbase appoints former xAI and X Corp CFO Anthony Armstrong to its board to boost financial oversight and drive global expansion.
Robinhood Wallet and Fomo Transactions Sidestep Credit Card Crypto Rules
Reading Time: < 1 minuteDiscover how Robinhood Wallet and Fomo bypassed credit card rules by misclassifying memecoin purchases to avoid fees and earn rewards.
Solana Transaction Fees Hit Record Highs as Validators Accelerate Inflation Cuts
Reading Time: < 1 minuteSolana transaction fees reach record highs as validators vote to double the pace of SOL inflation cuts to alter the networks economic model.
Kalshi Clinches Exclusive US Open Partnership, Shutting Out Prediction Market Rivals
Reading Time: < 1 minuteKalshi secures an exclusive US Open partnership to block rival prediction markets and dominate sports forecasting at the prestigious tennis tournament.
Fogo Blockchain Halts Mainnet Operations After $3 Million Token Exploit
Reading Time: < 1 minuteFogo Blockchain halts its mainnet after a security exploit drains 400 million tokens worth 3 million dollars, forcing developers to pause transactions.
Unlocking Decentralized Finance: A Journey Through DeFi’s Core Mechanics
Reading Time: 4 minutesExplore DeFi’s core mechanics and discover how blockchain-powered smart contracts are revolutionizing finance with transparency and accessibility.
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