Category: crypto

Centralized crypto exchange spot volume dropped to $679 billion in April 2026, the lowest since October 2023. Weak retail demand, lower search interest, and Bitcoin’s pullback contributed to reduced activity. Exchanges are relying more on derivatives and stablecoins as spot trading slows. Traders are using spot markets less amid weaker demand and falling interest.

Bitcoin traders are concerned about a potential drop in BTC price as open interest in derivatives markets rises. This indicates that traders are adding leverage during market weakness, increasing the risk of liquidations. Bitcoin fell below $60,000 with over $1.7 billion in liquidations, suggesting ongoing pressure on traders.

Ripple’s CTO David Schwartz believes that XRP Ledger’s utility is expanding beyond payments to tokenized real-world financial assets, with enterprises testing blockchain-based finance. RLUSD’s multichain rollout provides liquidity for tokenization, payments, and DeFi products. XRPL activity increased in Q1 despite weaker XRP market performance, showing potential for future growth in tokenized securities and more traditional…

Illinois has passed a budget bill for fiscal year 2027 that includes a 0.2% tax on cryptocurrency transactions and new registration rules for digital asset brokers. Industry groups are opposing the measure, arguing that it would harm the local digital asset industry. Policymakers across the U.S. are examining new approaches to digital asset oversight and…

Greece is preparing to introduce a 15% capital gains tax on cryptocurrency profits, with the first €500 exempt. The legislation aims to incorporate cryptocurrencies into the tax system, similar to efforts in Israel and Illinois. The move reflects a global trend of governments seeking to tax digital asset activities to increase revenue.

Coinbase CEO Brian Armstrong believes that despite Bitcoin’s recent decline, key parts of the crypto industry are still growing. He points to the expansion of stablecoins, derivatives, and prediction markets as evidence of this growth. Armstrong also highlights the importance of U.S. crypto policy in global economic competition with China.

Arthur Hayes sold his entire Worldcoin position on June 6 after previously defending the trade. He had also recently exited other altcoins like HYPE, NEAR, and Zcash within two days. This move came after Worldcoin saw a significant rally, and Hayes cited various factors for his decision to sell.

Bitcoin’s recent drop has been linked to retail demand for SpaceX’s record IPO, but data shows no unusual outflows of stablecoins during the selloff. Withdrawals of Bitcoin and Ether from exchanges were observed, indicating buyers moving coins to private wallets. Brokerage data is needed to confirm the connection between crypto selling and the SpaceX IPO.

Zcash faced fresh scrutiny due to a patched Orchard Pool vulnerability that sparked a debate over hidden risks for users and investors. Dragonfly partner Haseeb Qureshi argued that the immediate risks may be overstated, as counterfeit ZEC would face obstacles if an attacker tried to sell them on major exchanges.

The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts covering DeFi lending, stablecoins, staking rewards, and other digital asset transactions. The proposals aim to introduce new rules and tax relief for certain transactions while extending anti-abuse measures. They will be discussed at a June 9 congressional hearing.