Sonic eyes $0.32 ahead of U.S. expansion; Check forecast
Key takeaways S is up 1% in the last 24 hours and is now trading above $0.30. The positive performance comes as Sonic Labs commits $40m to SonicStrategy to fund…
U.S. Treasury issues new Cryptocurrency tax rules
The IRS has set up a tax reporting framework for cryptocurrency brokers, which will be implemented in 2025. The framework does not include decentralised finance and non-hosted wallets, although rules…
Judge orders the U.S. SEC to pay $1.8M in Debt Box case dismissal
Judge dismisses U.S. SEC’s case against Debt Box, orders SEC to pay $1.8 million in fees. The Ruling cites SEC’s bad faith conduct in obtaining asset freeze order. Debt Box…
Former chief of the U.S. CFTC joins Paxos board of directors
Christopher Giancarlo, former CFTC chief has joined Paxos board. Giancarlo’s advocacy for blockchain innovation aligns with Paxos’ mission for regulated solutions. Paxos aims to drive financial sector innovation with Giancarlo’s…
Wasabi Wallet developer bars U.S. users amidst regulatory concerns
zkSNACKs restricts Wasabi Wallet access for U.S. citizens and residents. Decision follows arrests of Samourai Wallet and Tornado Cash founders. Move aims to mitigate legal risks amidst regulatory scrutiny. In…
U.S. SEC calls for public input on spot Ethereum ETF applications
SEC opens a comment period for Ethereum ETFs from Grayscale, Fidelity, and Bitwise. Analysts less optimistic about approval following SEC’s bitcoin ETF greenlight. May 23 deadline for SEC’s final decisions…
Mudrex set to introduce U.S. Bitcoin ETFs to Indian investors
Mudrex to offer US Bitcoin ETFs to Indian investors. Mudrex will facilitate access to BlackRock, Fidelity, Franklin Templeton, and Vanguard spot ETFs. Indian regulatory environment poses challenges with RBI restrictions.…
U.S. lawmakers want SEC to ‘immediately’ approve applications for a Spot Bitcoin ETF
Four House Reps. wrote a letter to SEC Chair Gary Gensler on Wednesday. They dubbed Spot Bitcoin ETF “indistinguishable” from Crypto Futures ETF. Bitcoin is still trading around the $26,000…
Valkyrie just filed for an ETH futures ETF with the U.S. SEC
Valkyrie already resubmitted its Bitcoin futures ETF with the SEC. Valkyrie is the first company to file for an ETH futures ETF in the U.S. Ethereum (ETH) price reacted minimally…
Ripple secures a ‘huge win’ against SEC as U.S. Judge rules XRP is ‘not’ a security
Judge Analisa Torres rules XRP token is a not a security. Coinbase will resume trading in XRP in the next few minutes. XRP nearly doubled in value following the ruling…