Category: crypto

Industry insiders are speculating about potential changes in the US regarding crypto, including the idea of creating a Strategic Bitcoin Reserve, state-level crypto initiatives, and federal backing. There are rumors of no capital tax on US crypto and Bitcoin becoming a reserve asset, as well as increased nation-state adoption.

Societe Generale’s crypto subsidiary, SG-FORGE, plans to extend its stablecoin EURCV to the XRP Ledger for faster cross-border payments and asset tokenization. The integration will leverage XRPL’s transaction finality and processing capacity. Ripple’s Custody Solutions will provide technical services. This move aligns with SG-FORGE’s multi-chain strategy to bring compliant digital assets to new markets.

Former CFTC Chair Christopher Giancarlo denied rumors about being considered for the next SEC Chair or a crypto-related role in the US Treasury Department. He criticized the SEC’s “regulation by enforcement approach” towards the crypto industry. Current SEC Chair Gary Gensler defended the SEC’s tough stance on regulating digital assets.

The Digital Chamber of Commerce is urging the US Office of Government Ethics to reconsider banning federal employees from holding crypto. They argue that allowing limited crypto ownership would not create conflicts of interest and align with existing policies on other financial assets. The organization also calls for stablecoin legislation to support the US dollar’s…

Polymarket’s CEO Shayne Coplan believes the recent FBI raid on his devices may have political motives, as the administration targeted firms linked to political opposition. Despite accusations of data manipulation in favor of Trump, Polymarket operates as a non-partisan platform. Industry figures like Coinbase CEO Brian Armstrong and Kraken’s Jesse Powell criticize the raid, suggesting…

Delhi Police have arrested SK Masud Alam in connection with the $235 million breach of crypto exchange WazirX. Authorities have confiscated laptops and are investigating possible misuse of multisig wallets. WazirX has cooperated with providing data, while difficulties with Liminal, the asset custodian, hinder the investigation. WazirX has outlined fund recovery initiatives, including reopening the…

President Trump’s administration may eliminate capital gains taxes on cryptocurrencies issued by US companies, benefiting American investors holding digital assets. This move could boost capital inflows into US-based cryptocurrencies like Cardano, Algorand, Ripple, and Hedera Hashgraph. Speculation also suggests the potential for US states to establish Strategic Bitcoin Reserves.

Bitcoin perpetual contracts denominated in USDT are showing signs of overleveraging, with the open interest to USDT reserve ratio at an all-time high. Despite the risk of unwinding leverage, on-chain metrics remain healthy with strong retail investor demand. The recent Bitcoin price spikes are primarily driven by spot buyers on Coinbase’s market, indicating solid spot…

BlackRock’s Bitcoin ETF, IBIT, has reached the top 1% of all ETFs in just 211 days, with $40 billion in assets. This milestone sets a record surpassing all 2,800 ETFs launched in the past decade.

Bitwise Asset Management has acquired Attestant Limited, an Ethereum staking provider, increasing their AUM to over $10 billion. The acquisition allows Bitwise to offer Ethereum staking to clients, with plans to expand services for high-net-worth and institutional investors. Attestant’s team will join Bitwise to enhance their digital asset solutions.