The CEO of Coinbase, Brian Armstrong, severely criticized the upcoming Illinois’ crypto tax law, noting that it could be detrimental to blockchain innovation and employment. Specifically, Armstrong noted that such legislation could force blockchain innovation away from Illinois, creating extra complications for those who develop products based on blockchain technology.
CME, which is the largest derivatives exchange worldwide, is ready to sue the U.S. Commodities Futures Trading Commission following the regulator’s decision to approve Bitcoin perpetual futures trading on the prediction market platform Kalshi. According to the firm, the contract should not be categorized as a futures contract but as
The broader crypto market sentiment is in the fear zone, with the Fear and Greed Index value settled at 21. All the major digital assets are charted in red. Among them, Pudgy Penguins (PENGU) have recorded a loss of 5.96% in value, as per CMC data. The asset’s lowest and
Binance is looking to obtain a MiCA license across Europe using France as the gateway. This came as a following apparent setback in Greece. The opposition of the application appears to have been spearheaded by The President of the European Central Bank, Christine Lagarde. In addition, there have been reports
Tether revealed its plans to cease support for its derivative gold stablecoin aUSDT after the organization decided to change its product strategy. The organization released the stablecoin in 2024 through Alloy by Tether. Itsa platform created to tokenize digital assets using tokenized collateral. In this case, users were able to
Whale activity on the Ethereum network has seen a sharp decline, with large transactions dropping from 2,194 on June 5 to 294, marking an 86.6% decrease. Large transaction counts are used as a proxy for institutional and high-net-worth investor activity, making the sudden slowdown a notable development for the market.
After being silent for about a week, wallet 0x6436 has returned and is grabbing another large chunk of HYPE tokens. The wallet withdrew 88,350 HYPE, or about $6.41 million, from exchanges in the most recent action, increasing its total accumulation to 1.23 million HYPE, or about $85.34 million. When the
David Schwartz is one of the creators of XRP Ledger and also a Chief Technology Officer at Ripple Labs. He supports the latest upgrade of XRPL by shifting a major XRPL hub to version 3.2.0. Schwartz revealed that the shift occurred during a maintenance period of less than ten minutes.
Legislators have passed a bill aimed at pushing housing reforms that feature a temporary ban on a Federal Reserve CBDC. The ban forms one of the many proposals included in the bipartisan bill, the 21st Century Road to Housing Act. The bill seeks to improve affordable housing, boost the supply
Bitcoin’s recent price action has shifted the liquidity landscape. During the decline below $60K, a significant amount of downside liquidity was absorbed as stop-loss orders and leveraged positions were cleared from the market. With the February low now swept, much of the immediate selling pressure beneath current prices has been
