Category: crypto

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.

Michael Saylor has urged Bitcoin supporters to balance purity, adoption, innovation, and stability as the asset trades near its weakest levels in almost two years. He emphasized the importance of not favoring one dominant ideology and called for different groups, including Maximalists, Capitalists, Technologists, and Fundamentalists, to contribute to Bitcoin’s growth. Despite concerns surrounding Strategy’s…

Cameron Winklevoss defended Zcash after a critical bug was discovered that could have allowed unlimited counterfeit ZEC creation. The vulnerability was fixed, but market uncertainty led to a sharp selloff in ZEC and related stocks. Arthur Hayes sold his entire ZEC position, while Cypherpunk Technologies denied any evidence of exploitation.

Securitize has received regulatory approval for its SPAC merger with Cantor Equity Partners II, moving closer to going public. The shareholder vote is scheduled for June 29, with expectations to list on the NYSE under ticker SECZ. The company oversees $4 billion in tokenized assets and provides infrastructure for global funds.

BNP Paribas predicts three Federal Reserve rate hikes starting in December due to strong U.S. employment data and rising inflation. The bank expects the Fed to reverse the interest rate cuts from 2025 and increase rates as inflation risks intensify. Market data also shows increasing expectations for higher rates, despite some officials advocating for patience.…

UK FCA flagged Hyperliquid for offering financial services without authorization. ICE CEO is studying their perpetual futures model. Hyperliquid generated $255 million in revenue. CME CEO criticized perpetual futures, while ICE CEO is exploring similar products. Regulated crypto perpetual futures are entering the US market, with Kalshi launching Bitcoin and Ethereum futures.

Gold’s safe-haven image has diminished as its price now correlates with risk assets like Bitcoin and the S&P 500, according to economist Robin Brooks. Retail demand and changes in market behavior have contributed to this shift. Meanwhile, Peter Schiff warns of potential panic selling in Bitcoin. Standard Chartered maintains a bullish outlook on Bitcoin despite…

Amir Haleem steps down as CEO of Nova Labs, with Mario Di Dio taking over. HNT’s price has declined by 96% over five years, leading to the sale of Helium Mobile to Noble Mobile. Despite the sale, HNT did not recover, leading to Haleem’s resignation. Haleem will remain as chairman.

Brad Sherman criticized proposals to use stablecoins for government payments, warning of potential tax evasion. Lawmakers are reviewing new crypto tax proposals, including rules for stablecoins, DeFi, staking, and wash sales. Regulators are discussing oversight requirements for stablecoins under the GENIUS Act. Congressional hearings also addressed issues with Trump-linked World Liberty Financial’s charter application.

SpaceX has secured a $920 million monthly compute deal with Google ahead of its Nasdaq listing. Google will access 110,000 NVIDIA GPUs and equipment from October 2026 to June 2029 to meet demand for AI products. The agreement can be terminated with 90 days’ notice and SpaceX’s IPO may impact its strategy.