Bitcoin Tax Sparks Outrage from Michael Saylor
Michael Saylor criticized Illinois’ new 0.2% crypto tax set to begin January 1, 2027, warning it could harm the state’s crypto industry and innovation. #Update #Crypto $BTC
Coinbase Launches Offshore Stock Trading
Coinbase plans to launch 1:1 backed tokenized stocks for non-US markets, focusing on offshore availability due to US regulatory challenges. #Update #Finance
Bitcoin Tax Hits Illinois Digital Asset Holders
The Illinois government has enacted a 0.2% tax on digital asset transactions, expected to raise $60 million, despite industry pushback; Governor J.B. Pritzker approved the tax on June 16. #Update #Legal $BTC
Crypto Market Matures with Long Short Strategies
A new report from the Index Industry Association highlights the evolution of digital asset indexes amid stablecoins and tokenized assets, emphasizing transparency and governance. #Update #Crypto $BTC
Allbirds Stock Soars on AI Rebranding
Allbirds rebrands to Smartbird, appointing Nadia Carlsten as CEO; shares rise 52% after selling shoe business and boosting financing to $100M for AI pivot. #Update #Business
Senators Ban Bankman-Fried Pardon Proposal
Senators Ruben Gallego and Cynthia Lummis introduce a resolution to deny clemency for Sam Bankman-Fried, citing his lack of remorse in a major fraud case. #Update #Legal $BTC
Bybit Joins Singapore MAS Investor Alert List
@Bybit has been added to the Monetary Authority of Singapore’s Investor Alert List, indicating it is not licensed or regulated in Singapore. #Update #Crypto $BTC
Solana Gains Moody’s Credit Ratings Boost
@Moody’s Ratings is integrating credit ratings into $SOL for tokenized bonds, partnering with Alphaledger to enhance blockchain asset assessments. The market for tokenization could reach $18.9 trillion by 2033. #Update #Crypto $SOL
Coinbase Stocks Surge After Strategic Moves
@Coinbase aims to become an “everything exchange,” unveiling tokenized equities and options trading, prompting Benchmark-StoneX to reiterate a $270 price target. Crypto
Bitgo Europe Launches MiCAR-Compliant Crypto Solution
@Bitgo Europe launches a MiCAR-compliant CaaS platform for EU VASPs, offering custody insurance up to $250M. Poland faces a 2026 deadline as Lithuania’s regime expired. #Update #Crypto
Bitcoin Rodney Admits $1.8B Crypto Fraud
Rodney Burton, known as “Bitcoin Rodney,” pleaded guilty to running an unlicensed money-transmitting business tied to a $1.8B crypto fraud, facing up to five years in prison.
Bitcoin Rodney Guilty in $1.8B Fraud
Rodney Burton, aka “Bitcoin Rodney,” pled guilty to running an unlicensed money-transmitting business tied to a $1.8B crypto fraud scheme, facing up to five years in prison.
Bitcoin Mining Expands: Oman Launches Pool
Oman’s MTCIT launches Omanhash.om, the sole legal bitcoin mining pool for licensed operators, with Enegix Global operating 25 EH/s across pools. #Update #Crypto
Bitcoin Mining Pool Launches in Oman
Oman’s MTCIT launched Omanhash.om, the sole legal bitcoin mining pool in the Sultanate, with Enegix Global operating 25 EH/s across pools. #Update #Crypto