A petition to scrap a 22% tax on crypto investment gains in South Korea reached the 50,000-signature threshold required for the country’s Finance and Economic Planning Committee to review objections to the new tax regime. The 22% tax, set to take effect in January 2027, imposes financial and reporting “burdens” on investors, while also limiting … Read more
Bitcoin (BTC) has dropped nearly 7% from its local peak of $82,800, as several groups of wallet holders switched from accumulation to distribution. Data suggests that this distribution, combined with increasing realized losses, points to a potential shift in momentum. Key takeaways: Whale absorption of newly mined BTC supply drops to all-time lows below -150%. … Read more
A Hyperliquid (HYPE) whale is refusing to close a massive short position even as the token’s rally leaves the trader sitting on more than $22 million in unrealized losses. Key takeaways: HYPE’s 134% year-to-date rally, rising ETF inflows and fresh whale accumulation may deepen squeeze pressure on the short seller. Technical setups suggest a potential … Read more
South Carolina has enacted a new law aimed at establishing a clear and supportive framework for cryptocurrency use, marking one of the most comprehensive state-level efforts to date. Governor Henry McMaster signed Senate Bill 163 into law on May 19 after it passed the legislature with strong bipartisan support, clearing the Senate in a 38–1 … Read more
On Saturday, May 16, 2026, the world’s newest physical Bitcoin space opened in Nairobi, Kenya. It’s called Node NBO (NBO is short for Nairobi), and it will serve as a co-working space for notable Bitcoin, freedom tech, compute, and energy companies and organizations in Africa, including Fedi, Gridless, and BTrust as well as the Human Rights … Read more
Tether International has acquired SoftBank’s entire stake in Twenty One Capital, the Bitcoin treasury company co-founded by Jack Mallers, consolidating control over one of the most prominent public Bitcoin vehicles to emerge in the past year. The transaction, announced May 20, removes the last major outside ownership bloc from Twenty One’s founding three-party structure. SoftBank’s … Read more
As I write this, Bitcoin is coming off of conceivably its worst week ever. It started out with the January 31, 2026 release of batch number two of the Epstein files, which implicated none-too-few Bitcoiners and early stage Bitcoin companies (I wonder, will we still be talking about Epstein in 2036?). The release now reads … Read more
The VerifiedX foundation has announced the launch of vBTC.b on Base with support for Fireblocks, aimed at bringing Bitcoin’s digital gold qualities and world-class brand recognition to Defi and the Institutional self-custody markets. According to a press release shared with Bitcoin Magazine, VerifiedX is the first “Non-Synthetic Bitcoin Asset” with built-in native bitcoin redemption, compatible … Read more
Hunter Biden, the son of former President Joe Biden, is now accepting Bitcoin as payment for his artwork on his official website. The homepage of Hunter Biden’s official website, hunterbiden.com, features his signature bright, large-scale floral paintings, while the footer now includes a simple but striking notice: “BITCOIN ACCEPTED,” listed alongside links to the site’s … Read more
Minnesota has become the latest state to grant banks and credit unions the legal authority to offer cryptocurrency custody services, a move that proponents say ends years of regulatory ambiguity that kept institutions on the sidelines of a market now worth trillions. Governor Tim Walz signed HF 3709 into law. The legislation takes effect August … Read more