Institutional investors just sold an overall total of $952 billion in Bitcoin and crypto assets in only one week, according to a new update from Coinshares. This marks the first outflows in four weeks for digital asset investment products. CoinShares notes the sell-off happened alongside delays in the US Clarity Act and concerns over whale
U.S. lawmakers have unveiled a bipartisan effort to modernize the federal tax code’s treatment of digital assets, with a particular focus on stablecoins, everyday transactions, staking and mining rewards. Representatives Max Miller (R-OH) and Steven Horsford (D-NV) released a draft of the Digital Asset PARITY Act that aims to provide clearer, more practical tax rules
Coinbase has teamed up with global payments provider Klarna to introduce a new stablecoin funding option that expands how users can add funds to their Coinbase accounts. Under the partnership, customers in supported regions will be able to use stablecoins such as USDC to fund their Coinbase wallets directly through Klarna’s checkout experience, giving buyers
Billionaire crypto entrepreneur Arthur Hayes just initiated a new crypto purchase. Analysts at Lookonchain say Hayes moved $3.53 million worth of Ethereum (ETH) in just over 24 hours. Approximately $1.5 million of the ETH was sent to the institutional crypto asset firm Galaxy, suggesting Hayes may be looking to sell. Meanwhile, Hayes used a portion of
A popular crypto analyst believes a privacy-focused altcoin is heading to new all-time highs even as the broader market loses steam. Analyst and trader Kevin Svenson tells his 163,500 followers on X that Monero (XMR) is set up for a price explosion that may result in a more than 80% increase in its current value
Fund manager and activist investor Eric Jackson is reportedly planning to head up a new Digital Asset Treasury (DAT) firm despite the crypto market’s recent lull. Jackson intends to take on the role of founder, chairman and CEO of EMJX, which will invest in Bitcoin (BTC), Ethereum (ETH) and several altcoins, reports Reuters. The firm
A large-scale investor has offloaded millions of ASTER tokens, absorbing a 22% loss within two weeks. ASTER price has dropped below key levels, signaling bearish short-term bias. Aster team calms supply-side worries by confirming no plans to sell unlocked tokens. The digital assets market remained deteriorated on Wednesday, with the global crypto market capitalization at
Visa just launched stablecoin settlement in the US using Circle’s dollar-pegged digital asset USDC. The move allows US issuer and acquirer partners to settle transactions on the blockchain, starting with the Solana network. The move marks a key step in Visa’s pilot program to integrate stablecoins into global commerce. Visa’s U.S. stablecoin settlement framework is
BNB Chain has introduced a stablecoin to enhance cross-chain liquidity. The token targets large-scale, high-volume usage across different sectors. Community buzzes as Binance founder CZ follows a new stablecoin named U. BNB Chain is planning a massive step into the stablecoin industry. The platform took it to X to introduce a new stablecoin set to
The leading stablecoin company Tether is investing $8 million in Speed, a payments infrastructure firm. The funding round, led by Tether with participation from Ego Death Capital, aims to advance stablecoin payments on Lightning – a network built on top of Bitcoin to power instant and cheap transactions. The goal is to enable efficient payments