Some digital asset industry advocates are pushing back against a provision in a $56 billion state budget passed by the Illinois General Assembly on Monday, due to its impact on crypto users. In a Senate bill included as part of the Illinois state budget for the fiscal year 2027, lawmakers proposed a 0.2% tax on … Read more
Crypto exchange Kraken is giving customers access to the upcoming SpaceX initial public offering through xStocks, a tokenized equities platform, highlighting the growing convergence between crypto infrastructure and traditional capital markets. Kraken announced Friday that SpaceX will be the first public offering available through xStocks IPO Access, which allows eligible users to participate in the … Read more
The US House Ways and Means Committee circulated seven discussion drafts of bills to address digital asset taxation ahead of a Tuesday hearing on the matter, covering stablecoins, staking, mining and transactions. Among proposals in the draft legislation are reducing the tax paperwork required for crypto holders, providing clarity for mining and staking tokens and … Read more
Singapore-based crypto travel platform Travala has launched a protocol it says lets artificial intelligence agents search, reserve and pay for hotels with USDC (USDC) on layer-2 blockchain Base, extending agentic AI stablecoin payments into travel bookings. The Travala Travel MCP is live through Claude Desktop, with outside developers able to integrate it into their own … Read more
Key takeaways: Ether derivatives metrics flip to a heavily bearish bias as cascading liquidations cut off a relief bounce. A critical ZCash bug discovered by AI triggers widespread fears of contagion, driving a contraction in Ethereum TVL. Ether (ETH) plummeted to a 13-month low of $1,540 on Friday, following the bearish trend across the broader … Read more
Key takeaways: Over-leveraged Bitcoin short positions between $63,000 and $66,000 have created a potential $2.6 billion squeeze trap for bears. Negative perpetual funding rates indicate that bulls have fully deleveraged, significantly reducing downside risk. The Bitcoin (BTC) crash to $61,100 on Friday wiped out $335 million in leveraged long positions. However, after a 21% decline … Read more
Strategy’s sale of 32 Bitcoin shouldn’t have mattered. The company still holds hundreds of thousands of BTC, and the transaction barely moved the needle on its balance sheet. Yet the market reaction was swift, exposing how much of the Bitcoin treasury trade had been built on a simple assumption: companies buy Bitcoin… and they never … Read more
Zcash developers and researchers are discussing whether a new shielded pool could help restore supply verification confidence after a recently patched Orchard vulnerability. Shielded Labs, an independent Swiss-based Zcash support organization, said in a security update on Friday that it is exploring a proposed network upgrade that would deploy a new shielded pool and enforce … Read more
Forward Industries transferred roughly $31.9 million worth of Solana tokens to Coinbase Prime Thursday, according to blockchain data, marking its first onchain activity in a month. Data from Arkham Intelligence shows a wallet tied to the Nasdaq-listed company moved 455,784 SOL to the institutional trading platform. The transfer comes as the firm sits on steep … Read more
Nigel Farage’s Reform UK received 7 million British pounds ($9.4 million) from two crypto billionaires this year, with total funds raised outstripping all other political parties. The party received a $4 million donation from Christopher Harborne, who has a stake in the stablecoin issuer Tether, and a $5.4 million donation from Ben Delo, the co-founder … Read more