Illinois has approved a new 0.2% tax on crypto transactions that state officials estimate could generate up to $60 million annually, prompting public criticism from Strategy co-founder Michael Saylor and several industry groups. Summary Michael Saylor called Illinois’ new 0.2% crypto transaction tax a “Big Mistake” after it became law. Industry groups warned the tax…
SpaceX filed a Form 8-K with the US Securities and Exchange Commission (SEC) on June 15, 2026, days after closing one of the largest US IPOs in recent memory, and the document confirms what the earlier S-1 registration statement had already flagged: 18,712 BTC remains parked on the company’s balance sheet, untouched through multiple market…
Bernstein has reaffirmed its buy rating on Coinbase and maintained a $330 price target after the company unveiled a series of new products designed to extend its business beyond crypto trading. Summary Bernstein maintained a buy rating on Coinbase and kept its $330 price target after the System Update event. Coinbase unveiled AI-powered trading tools,…
The Saylor-led Strategy perpetual preferred stock STRC dropped 3.58% to $91.79 on Tuesday, hitting near-record lows and sitting 8.2% below its $100 par value, and the reason matters beyond one bad session. The decline signals a direct collision between Michael Saylor’s relentless Bitcoin treasury accumulation playbook and the cash obligations his company has made to…
The disclosure triggered widespread frustration in the community, with many calling on the team to take a completely different course of action. In addition to frequent protocol upgrades and other initiatives aimed at advancing Pi Network’s ecosystem, the Core Team launches various campaigns to engage its vast community. The latest one, which primarily focuses…
The world’s third-largest economy is reclassifying crypto as a financial instrument and charting a path to slash punishing tax rates. The change reaches far beyond Japan, and most of the coverage is getting the details wrong. Summary Japan has taken a major step toward treating crypto like a mainstream financial asset. The 20% crypto tax…
With just 13 days until the EU’s MiCA deadline, BitGo has introduced a compliance bridge that may allow many crypto firms, including Binance, to operate legally in Europe. Currently, only 194 authorized Crypto Asset Service Providers exist out of over 3,000 registered firms pre-MiCA, according to law firm Hogan Lovells. Binance applied for a pan-EU…
The company quickly reassured its users that it’s working on securing the necessary license. Citing people familiar with the matter, Reuters reported that the world’s largest cryptocurrency exchange could be forced to stop service to European Union customers as early as next month after its application for a key regulatory license is set to…
Australia’s High Court has unanimously ruled 7-0 in favor of the Australian Securities and Investments Commission, finding that Block Earner’s former fixed-yield crypto product required a financial services licence under existing law. Summary Australia’s High Court ruled 7 to 0 that Block Earner’s former fixed yield crypto product required a financial services licence. The decision…
BlackRock launched its iShares Premium Income Bitcoin ETF (BITA) on Nasdaq on June 16, 2026, offering monthly cash distributions from Bitcoin exposure for the first time through a major US ETF issuer. The product targets a 15–25% annualized yield and directly addresses a structural gap that has kept income-oriented institutional capital on the sidelines of…
