Category: crypto

Two US senators are urging the Treasury Department to prevent the corporate alternative minimum tax from penalizing US firms for unrealized gains due to updated accounting standards. They argue that including digital asset gains in the tax calculation puts US companies at a disadvantage and call for regulatory guidance to exclude them.

Twenty One Capital purchased 4,812 Bitcoins for $458.7 million through a business combination agreement with Cantor Equity Partners. The Bitcoin was initially acquired by Tether and will be transferred to Twenty One at the closing of the transaction. The company plans to hold over 42,000 BTC and focus on Bitcoin-native financial products.

The US Securities and Exchange Commission has postponed decisions on multiple crypto-related exchange-traded fund (ETF) applications, including those from Grayscale and BlackRock. The delays align with expectations that approvals will not be granted until the final quarter of 2025. The SEC also acknowledged a filing for a 21Shares spot Dogecoin (DOGE) ETF, with decisions expected…

Arizona Governor Katie Hobbs rejected three pro-crypto bills aimed at expanding digital asset adoption and opposing central bank digital currencies. She signed a law introducing stricter regulations for crypto ATMs. Hobbs cited concerns about exposing state finances to volatile assets and the potential risks involved with crypto payments and CBDCs. The new law establishes rules…

Solana co-founder Anatoly Yakovenko proposed a “meta blockchain” to reduce data availability costs and improve interoperability across multiple networks. The meta blockchain would aggregate data from various chains under a unified transaction ordering system, referencing block headers to align transactions. This approach could lower costs and improve efficiency, though feasibility challenges exist.

Cardano founder Charles Hoskinson announced a partnership with Brave Wallet, allowing Brave’s 86 million users to access the Cardano blockchain. This collaboration is part of a larger initiative to revitalize Cardano’s ecosystem, with more partnerships and integrations planned for the future. Cardano is also shifting towards a more open development model to encourage innovation and…

Stake Pool Operators (SPOs) are crucial to the decentralized Cardano blockchain, ensuring smooth operations and security. They validate transactions and produce new blocks, enabling ADA holders to earn staking rewards. SPOs contribute to decentralization, scalability, and sustainability, with examples like C3ETH, Lido Nation, and Grow Pool promoting community involvement and social impact.

The OCC announced that national banks can now engage in various crypto activities, aligning with the Federal Reserve’s recent moves. Letters 1183 and 1184 detail the expanded authority, emphasizing compliance with AML requirements. Implementation challenges remain, including uncertainty about the treatment of digital assets and the lack of FDIC insurance for crypto holdings.

Bitcoin and other cryptocurrencies experienced a decline in value on Tuesday, with Bitcoin falling to around $102,400. This drop was attributed to concerns over the upcoming U.S. consumer price data release. Despite corporate demand for Bitcoin remaining strong, altcoins also fell except for XRP. Market participants are monitoring Bitcoin’s performance closely.

Truth Social, supported by US President Donald Trump, denied rumors of launching a memecoin. Donald Trump Jr. and World Liberty Financial clarified that there was no new Trump-related crypto project. Despite the denial, Trump’s interest in crypto is evident with plans for a utility token and partnership with Crypto.com for exchange-traded funds.