ByBit remains the 2nd largest crypto exchange by spot trading volume, capturing 10.6% of the global market. The platform now serves over 30M users from 230 countries, with average daily trading volume exceeding $25B. #Crypto
Binance will delist certain $BTC margin trading pairs on July 8, 2024, impacting $DGB, $TLM, and $VOXEL. Trading for these pairs will be suspended on July 7, 2024. Users should close positions and transfer assets to Spot Wallets. #Update
Bloomberg analysts, including @JSeyff, expect spot $ETH ETFs to launch mid-July, following Bitwise’s amendment with a six-month fee waiver for the first $500M in assets. #CryptoNews #Ethereum
UK Labor Party’s landslide win positions Keir Starmer as next PM, succeeding Rishi Sunak. Future crypto policies remain uncertain, but Labor’s pro-industrial growth stance could benefit $BTC and Web3. Experts predict the tokenization industry could surpass $16 trillion in the next decade. #Update
OpenAI has asked a NY court to compel the @nytimes to provide proof of originality for its articles amid a copyright lawsuit. The NYT calls the request excessive, arguing the focus should be on whether OpenAI used copyrighted content without permission. #Update #AI #Media
ASIC alerts investors: NGS Crypto rebrands to Hiddup amid investigation. Federal Court approves receivers for $41M owed to investors. This move highlights the need for transparency and stringent crypto regulations in Australia. #CryptoRegulation
Bitget has launched an OTC trading platform for institutional investors and pro traders, supporting USD, EUR, and GBP. It features multi-party computation for security, no asset storage, and 24/7 support. Min trade size $100K, no max limit. #CryptoNews #Update
U.S. macroeconomic uncertainty drove Bitcoin to a two-month low under $57K. Cooling inflation may soon bolster risk appetite, says Bitfinex’s Jag Kooner. Friday’s NFP report could impact expectations for rate cuts. #Bitcoin #Update
IRS and Treasury finalize new crypto tax rules, requiring trading platforms to report customer gains/losses, expected to boost IRS revenue by $28B in 10 years. Decentralized brokers excluded, highlighting regulatory challenges. Key for financial institutions navigating digital assets. #CryptoTax #IRS #Update
Michael Saylor (@saylor) celebrates “BTC independence” on U.S. Independence Day. Despite a 10% market drop, MicroStrategy invests $786M, reflecting long-term confidence in #Bitcoin. $BTC #Updates
The Senate bill on the calendar could sanction foreign digital asset facilitators, impacting DeFi protocols like @AaveAave and @Uniswap. The bill, with a broad definition, aims to boost oversight without banning major protocols. #crypto #Update
The IRS and Treasury Department have unveiled new crypto tax reporting rules requiring trading platforms to report customer gains and losses, potentially increasing IRS tax income by $28 billion over a decade. #CryptoTax #Update
IRS and Treasury finalize new crypto tax rules, requiring trading platforms to report gains and losses, boosting tax income by $28B over 10 years. Focus on centralized brokers simplifies compliance. Some non-custodial issues remain. #CryptoTax #Update
The IRS and Treasury have finalized crypto tax rules, benefiting investors and potentially increasing IRS revenue by $28B over 10 years. These clear guidelines aid accurate tax filings, though decentralized brokers remain uncovered. #CryptoTax #Update
