A bipartisan group of lawmakers introduced a revised crypto tax bill Wednesday that aims to update the tax code to better address crypto use cases and would, if signed into law, direct the IRS to analyze the effect de minimis exemptions might have. Congressmen Steven Horsford (D-N.V.), Max Miller (R-Ohio), Suzan DelBene (D-Wash.) and Mike…
Prediction markets platforms such as those run by Kalshi and Crypto.com drew two hours of critical questioning in a U.S. Senate Commerce Committee hearing, including scrutiny on the platforms’ advertising practices, regulatory disputes and the cheating they may encourage. “We want athletes competing on merit, but the opportunity to make money can tempt gamblers —…
The European Commission said it is seeking feedback on whether the European Union’s landmark crypto framework, the Markets in Crypto-Assets Regulation (MiCA), remains fit for purpose as digital asset markets evolve. The consultation, which remains open until Aug. 31, invites responses from both the public and industry stakeholders, including crypto firms, financial institutions, technology providers,…
Bitcoin (BTC) continues to trade in a tight range around $77,000 in morning U.S. action on Wednesday. The major stock indices are posting small gains after three consecutive negative sessions. Minutes from the Fed’s last policy meeting are due to be released at 2:00 pm ET. That April meeting was notable as it was the…
Bittensor (TAO) gained 2.1%, joining Uniswap (UNI) as a top performer. Source link
Realized cap stabilization, historically elevated RHODL readings and deeply negative funding rates all point toward a potential cycle low for bitcoin forming earlier this year. Source link
Crypto markets flashed green on Wednesday, but falling futures open interest and mixed altcoin performances suggest traders are reducing risk rather than chasing the rebound. Source link
Publicly, the U.S. has fiercely opposed a Central Bank Digital Currency, but former CFTC Chairman Timothy Massad said it is inevitable and there will be one sooner or later. Source link
Everyone is building non-dollar stablecoins. But data shows that compared to USD-denominated stablecoins, almost no one is using them. Source link
Bitcoin climbed to about $77,200, while XRP, ether and solana also gained as Treasury yields and oil fell. Source link
