Payment infrastructure is the key to bringing retail users to crypto
Crypto enthusiasts have been wondering why no one seems to be buying their coins this cycle. If people could use crypto for something, maybe that would change. Go to Source
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Treasury and IRS Announce Digital Asset Tax Reporting Regulations
The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate issuing further rules later this year to establish reporting requirements for … Read more
Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review
Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary … Read more
Stablecoin Market Remains Steady in June Amidst Crypto Volatility
While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows Little Change in June The stablecoin market remained relatively … Read more
Unlocking Value: Fair Price Discovery, the Role of Market Makers
Getting a token from inception to market is no mean feat and more often takes years of planning and commitment. Achieving fair price discovery and stability requires just as much commitment and energy. Generally speaking, market makers categorize the token pricing journey into four main phases: pre-generation construction, primary listing, price discovery and expansion, and … Read more
Market Analysis Reveals Overbought and Underbought Assets; Coinbase Derivatives Files For Regulated Futures
According to the MVRV Z-Score, which gauges asset valuations based on average trader returns, certain top cryptocurrencies are categorized as overbought or underbought. The analysis identifies Toncoin, Bitcoin, and Ethereum as overbought, while Uniswap and Shiba Inu are considered underbought. 📊 According to MVRV Z-Score, which identifies overvalued and undervalued assets based on average trader … Read more
Significant STRK Transfers: Multi-Sig Wallet Activity Linked To Starknet
In the past 24 hours, a multi-sig wallet (0x22c), potentially associated with Starknet, transferred 2.5 million STRK tokens (approximately $1.74 million) to Binance, FlowTraders, and a new wallet (0x750). This follows a recent transaction in which the wallet received 5 million STRK tokens from Starknet’s team. Shortly after, 750,000 STRK were transferred to Wintermute. Within … Read more
$TRUTH Rises To Top Spot With $11.2M Inflow As Prominent Investors Jump In
$TRUTH has climbed to the top of the Hot Pairs list, boasting an inflow of $11.2 million. This surge in interest has attracted significant attention from influential investors. Meme Hunter 0x1df6 recently added $TRUTH to his investment portfolio. Just hours ago, this wallet purchased 211,000 $TRUTH tokens for $6,176 at a price of $0.03055 per … Read more
Crypto Exchange Binance Takes Action Against Account Misuse
Cryptocurrency exchange Binance has announced measures to address the misuse of account features on its platform, aimed at preventing unfair advantages such as better fee rates. Enhanced monitoring, investigations, and user reporting channels are part of the initiative, with rewards offered for verified misuse reports. Binance Cracks Down on Account Misuse to Uphold Compliance Cryptocurrency … Read more
Robert Kiyosaki Cautions Against Bitcoin ETFs — Prefers Owning ‘Real Bitcoin’
Rich Dad Poor Dad author Robert Kiyosaki has cautioned against investing in bitcoin exchange-traded funds (ETFs). He prefers investing in actual bitcoin, calling bitcoin ETFs fake bitcoin. He recently revealed that he buys bitcoin every month and is following Warren Buffett’s strategy of buying and holding. Robert Kiyosaki Rejects Bitcoin ETFs, Advocates for Owning Real … Read more