@CryptoCouncil and @BlockchainAssn seek to block Illinois’ 0.2% crypto transaction tax set for January 2027, citing constitutional violations and potential harm to digital asset firms. #Update #Legal $BTC $ETH
U.S. Treasury sanctions Chinese-language platform Xinbi for facilitating crypto transactions linked to criminal networks, marking a significant enforcement action in the crypto space. #Breaking #Legal $USDT
@Consensys Software Inc. will rebrand as MetaMask, with Ethereum co-founder Joe Lubin as chairman and CEO, while details on an IPO remain undisclosed. #Update #Crypto
Consensys Software Inc. will split by 2026, rebranding as MetaMask, focusing on consumer finance; new Consensys will handle Ethereum protocols. #Update #Crypto
@Tether and Fasanara Capital have launched a $400M private credit fund, StableFund, targeting $3B from institutional investors for asset-backed lending using $USDT in over 60 countries. #Update #Crypto $USDT
Bitcoin and Ethereum are racing against quantum computing advancements as the U.S. invests $300 million in hardware, with migration plans targeting a 2029 timeline. #Update #Crypto $BTC $ETH
Brent crude surpasses $100 amid geopolitical tensions, impacting prediction markets with WTI at 59% for $100 this month. #Update #Commodities
Ryan Connor of RockawayX notes the dollar leads the euro 300 to 1 onchain, with euro-pegged stablecoins at €711 million. MiCA regulations may change this dynamic. #Update #Crypto $EUR
@USBank has successfully completed a live cross-border payment using its USBDC stablecoin on the Stellar blockchain, integrating it with banking systems for treasury and liquidity management. #Update #Crypto $USDC
Germany plans a 25% flat tax on crypto gains from 2027, affecting assets bought post-implementation; current holdings remain under existing rules. #Update #Legal
@BitMart has appointed Alvarez & Marsal to assess its financial position amid ongoing withdrawal restrictions, considering alternatives to shutdown. A user-feedback portal will launch within five days. #Update #Crypto
@Circle’s (CRCL) stock trades flat as investors assess the impact of US Bancorp’s USBDC stablecoin launch, which completed its first cross-border transaction today on the Stellar blockchain. $USDC #Update #Crypto $CRCL
Blockstream hackers demand a 10% bounty while holding 598.5 BTC, threatening to publish private keys if not paid; 3,400 BTC returned by Liquid’s white hats. #Breaking #Crypto $BTC
@Kalshi launches election data on DoubleZero, providing institutional and automated traders access to political prediction-market order books ahead of the U.S. midterms. #Update #Crypto
