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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure On Thursday, the Bitcoin Policy Institute (BPI) published a new report regarding the ongoing discussion in the US Congress about the Bitcoin de minimis tax exemption. This comes amidst Coinbase’s battle against accusations related to the issue that surfaced earlier this week. Concerns Over Future Of Bitcoin Tax Legislation The BPI has brought attention to the efforts of pro-cryptocurrency Senator Cynthia Lummis, who is seeking to incorporate a $300 de minimis provision into the reconciliation package referred to as the “One Big Beautiful Bill.” Despite hopes for…
In brief BlackRock’s ETHB fund will pass 82% of staking rewards to investors through monthly payments. The fund’s main competitor, Grayscale, passes along 94% of rewards in its Mini ETF and 77% through its ETHE fund. ETHB launches as the third U.S. Ethereum staking product, after Grayscale and REX-Osprey beat BlackRock to market. BlackRock is launching its iShares Staked Ethereum Trust on Nasdaq Thursday morning, the firm told Decrypt ahead of the debut.The new exchange-traded product, which will trade under the ETHB ticker, will pass on 82% of its staking rewards to investors through monthly payments—a schedule similar to how…
In brief Exodus said that it’s giving MoonPay X Games League athletes signing bonuses using its stablecoin and self-custodial wallet. The initiative underscores MoonPay’s approach toward boosting its partners through exposure within action sports spectacle. Exodus has paid its employees in Bitcoin for years, a practice rooted in the company’s position on making compensation transparent. Athletes drafted on Thursday to compete in the MoonPay X Games League are set to receive signing bonuses in stablecoins, providing an early look at how the crypto payments provider plans to elevate its partners via the action sports spectacle.MoonPay said one-time payments of $2,500…
In brief Ark Labs secured backing from Tether and Anchorage Digital. The firm plans to advance stablecoins and real-world assets on its Bitcoin layer. The technology processes transactions off-chain, with fail-safe measures. Tether has backed Ark Labs in a $5.2 million seed round, as the Bitcoin infrastructure startup aims to expand stablecoin activity on Bitcoin through Arkade, the firm’s programmable layer.The Lugano, Switzerland-based firm plans to use the funding to bolster the Bitcoin network’s use in supporting stablecoins and digital representations of real-world assets, according to an announcement on Thursday.Tokenized assets primarily exist on networks like Ethereum and Solana that…
In brief The CFTC has issued a staff advisory to exchanges and has launched an Advanced Notice of Proposed Rulemaking seeking public comment. Chairman Michael Selig said the agency will defend its jurisdiction over event-contract markets as states increasingly challenge platforms tied to sports outcomes. The move comes as courts, lawmakers, and regulators debate whether sports prediction markets should be treated as financial derivatives or gambling. The U.S. Commodity Futures Trading Commission launched a two-pronged regulatory push Thursday, moves Chairman Michael Selig framed as the agency finally stepping up after years of inaction.The CFTC’s Division of Market Oversight’s Letter No.…
In brief Eightco shares are rising after the firm announced a new $125 million fundraise from BitMine and Ark Invest. The firm previously raised $20 million from BitMine and created a Worldcoin treasury. Eightco aims to expand its reach into AI, blockchain, and digital consumer products, having completed investments in OpenAI and Beast Industries. Shares in publicly traded blockchain and artificial intelligence firm Eightco (ORBS) are up more than 15% Thursday following news that the firm has raised $125 million to continue its expansion into AI and blockchain. The firm earned commitments of $75 million from leading Ethereum treasury firm BitMine…
In brief Adobe CEO Shantanu Narayen will step down as the company expands its push for generative AI tools. Layoffs at Atlassian, Block and others reflect a shift toward smaller teams and efficiency. The automation is rapidly reshaping hiring, engineering roles, and tech leadership, observers told Decrypt. Shantanu Narayen, CEO of Adobe, plans to step down after nearly two decades at the helm of the software maker, as the rise of generative AI forces tech companies to rethink leadership, strategy, and workforce size.Adobe announced Thursday that Narayen will remain as board chair while the company begins a search for his…
In brief Bitcoin is up 2.6% to around $71,500, its highest level in a week. On Thursday, Brent crude jumped 9.2% to above $100 a barrel, its largest one-day gain since 2020. Some analysts say Bitcoin’s resilience may reflect strong crypto-market demand, including inflows tied to Strategy’s 11.5% yield product linked to Bitcoin exposure. Bitcoin is trading at its highest level in a week as tensions in the Middle East continue to weigh on equities, while oil prices are driving higher amid concerns of a prolonged conflict.The world’s largest crypto is up 2.6% to $71,500, a level not seen since…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Charles Hoskinson says the Cardano ecosystem has crossed a threshold it had struggled to reach for years: a Binance spot listing for a native asset. In a March 11 livestream, the Cardano founder described Binance’s announced support for Midnight’s token NIGHT as a milestone not just for that project, but for the broader effort to bring native assets into tier-one global liquidity. NIGHT Gets Listed On Binance Hoskinson framed the development around Midnight, the privacy-focused sidechain project tied to the Cardano ecosystem, whose token had already appeared…
In brief The Senate passed a housing bill containing a ban on an American CBDC, or “digital dollar.” The ban would last until 2031, if the bill is signed into law. But the legislation currently faces some opposition in the House, and a reported lack of enthusiasm from the president. The U.S. Senate passed a bill Thursday containing a ban on the development of an American CBDC, often called a “digital dollar”—but the legislation has some ways to go before it’s signed into law.The ban on an American CBDC, or central bank digital currency, would last until 2031. It was…
In brief “AdFi” platform Alkimi is aiming to address the issue of fraud in the advertising marketplace. Alkimi records all data related to marketing campaigns on Sui’s open and tamperproof ledger, letting advertisers and publishers track ad budgets in real time. The Alkimi platform has been used by brands including Coca-Cola, Dell, Cathay Pacific, Meta, Sky, Bupa, Kraken, PayPal, TikTok, and American Express. Decentralized blockchain infrastructure promises to break monopolies, do away with gatekeepers and render opaque processes transparent—and one industry where it’s sorely needed is online advertising, according to decentralized ad exchange Alkimi.“Intermediaries take fees of up to 40…
In brief The White House is demanding that ABC News retract a report about a possible Iranian drone attack on California. Officials say the FBI bulletin referenced in the story relied on a single unverified tip and did not represent a credible threat. The dispute comes as Iran launches hundreds of drones across the Middle East in response to U.S. and Israeli strikes. The White House is demanding that ABC News retract a report warning that Iran sought to launch drone attacks on California, saying the story relied on a single unverified tip and overstated the threat.The dispute centers on…
In brief JPMorgan Chase was sued this week for allegedly enabling a $328 million crypto “Ponzi scheme.” Prosecutors say a crypto executive misused investor funds meant for liquidity pools to fund a lavish lifestyle. An alleged victim of the scheme is claiming Chase Bank should never have allowed the executive to use its services. The biggest bank in the United States has been roped into a lawsuit over a customer’s alleged crypto “Ponzi scheme,” as the Department of Justice recently described it, with one of the operation’s victims arguing that JPMorgan Chase should have detected and stopped the misconduct.The suit,…
In brief Bitcoin has gained ~6% since the Iran crisis began, outpacing gold and equities. Rising Treasury yields suggest investors are losing faith in traditional safe havens. Institutional inflows into digital asset products have been positive for three straight weeks. Bitcoin has seen a modest gain since the start of the Iran conflict, even as bonds and stocks have struggled—and a new note from digital asset manager CoinShares suggests that divergence is meaningful.At the time of writing, Bitcoin was trading for $70,323 after having fallen 0.8% in the past day, according to crypto price aggregator CoinGecko. Even with the daily…
President Donald Trump’s announcement of the first major new US oil refinery in nearly 50 years arrives as gasoline prices have become a political problem and energy has turned inflationary again.The Brownsville project is being pitched as an industrial revival and consumer relief. Still, the sharper question is whether a refinery that won’t produce fuel for years can address the inflationary pressures now.Sustained energy-driven price pressure can keep the Fed more cautious, tightening liquidity conditions for risk assets like Bitcoin. At the same time, some investors still view persistent inflation and geopolitical commodity shocks as part of the longer-term case…
In brief A new GI-TOC report has revealed that illicit Amazonian gold is being sold in Venezuela in exchange for the USDT stablecoin. Use of USDT in the illicit gold trade has been observed within the past year, while the Venezuelan economy in general has become more reliant on the stablecoin. Experts suggest that a new bill working its way through Congress could reduce the flow of illicit gold, but that it would also have to include sections related to gold to be effective. Tether’s USDT stablecoin has become a means of payment in the illicit trade of gold into…