The SUI token is showing promising signs of a bullish reversal despite the broader cryptocurrency market experiencing a slight slowdown in momentum. Currently trading at $2.16 after a 2.60% intraday recovery, SUI appears poised for a potential breakout above key resistance levels that could ignite a more substantial rally in
The National Securities and Stock Market Commission of Ukraine (NSSMC) has announced a proposed framework for the taxation of cryptocurrencies. This new framework will impose a 23% tax on certain crypto transactions while strategically exempting crypto-to-crypto transactions and stablecoins. Released on April 8, 2025, the proposal comes as Ukrainian lawmakers
Cathie Wood’s ARK Invest has acquired Coinbase (COIN) shares worth $13.4 million across three of its ETFs. The move comes amid a broad market sell-off triggered by President Trump’s new tariff policies. Despite the turmoil, ARK doubled down on its long-term crypto strategy. According to ARK’s daily trade report for
Hong Kong will soon pass stablecoin legislation and establish licensing rules for over-the-counter (OTC) transactions and digital asset custody services. Financial Secretary Paul Chan announced the plans during the Hong Kong Web3 Festival on Monday, signaling the city’s ongoing push to refine its Web3 policy. The new legislative framework will
The US government is speeding up its process of regulating the crypto space. It’s only been a couple of days since the STABLE Act was passed to regulate stablecoins. Today, the SEC came up with another announcement, which is also a major reform to stablecoin regulation. The latest Bloomberg article
The First Digital assured its users that FDUSD continues its 1:1 backing and its redemption channel is operating without any issues. It has completed the first batch of redemption requests and ensures that FDUSD regains its dollar peg. The First Digital proved its robust maintenance of the stablecoin with this
The vision of bringing clear regulatory policies for crypto, in particular for stablecoins, has finally become a reality today. Stablecoins are now a step closer to regulation, with 32 votes in favor of the STABLE Act bill. This acts as a significant step forward to regulate the broader crypto industry.
Coinbase CEO Brian Armstrong is calling on U.S. lawmakers to favor stablecoin legislation that allows holders to earn interest. He claimed that onchain interest would benefit consumers, enhance financial inclusion, and bolster the U.S. economy. In a post on March 31, Armstrong explained that stablecoins are already functioning as digital
Five Democratic senators, led by Elizabeth Warren, have raised concerns about potential conflicts of interest in President Donald Trump’s involvement with World Liberty Financial (WLFI) and its new stablecoin, USD1. In a letter dated March 28, the senators pressed U.S. regulators on how they plan to oversee WLFI and ensure
Regulation is a must for any fintech industry to grow and thrive in today’s financial ecosystem. Without clear rules and regulations in place, businesses, individuals, and investors will not be able to use new financial assets. Despite the lack of clear regulations, the crypto industry has grown to be a
