Key Takeaways Trading revenue is becoming a smaller part of exchanges’ business. More rewards and incentives could emerge as exchanges compete to grow newer products and reduce their reliance on trading activity. A potential return of the bull market could revive trading revenues while intensifying competition over fees and users. As the bear market persisted…
Key Takeaways Stanley Druckenmiller pivoted to digital assets, acquiring a $64.7M stake in crypto miner Bitdeer in Q2. He also bought $23.1M of Hyperliquid Strategies, securing indirect access to the surging HYPE token. Major funds like Citadel and Jane Street mirrored this move, heavily increasing their BTDR and PURR holdings. Druckenmiller’s Puts Over $80 Million…
Key Takeaways HMRC’s crypto tax letters increased 25% to 81,000. Crypto exchanges and lending can produce taxable events. Global reporting will expand HMRC’s access to transaction data. HMRC Crypto Tax Letters Increase 25% The United Kingdom’s tax agency has intensified scrutiny of cryptocurrency investors, sending 81,000 warning letters during the past 12 months, UHY Hacker…
Key Takeaways Two Binance employees were detained at U.A.E. airports and later released. A third Binance executive was questioned by police in July. Some employees were linked to a corporate bank account tied to the exchange. Employees Held After Airport Stops, Then Released Emirati police pulled two Binance employees aside at airports in recent weeks…
Key Takeaways ETH, SOL and BNB could gain from increased onchain issuance. Crypto projects could raise up to $75 million under the proposal. Some tokens could exit investment-contract treatment under a safe harbor. Grayscale Identifies Three Potential Beneficiaries Public blockchain activity could expand under proposed U.S. fundraising rules, Grayscale Head of Research Zach Pandl wrote…
Key Takeaways Clearpool and Cicada are building RLUSD lending on XRPL after $930M+ in Clearpool loans. Ripple’s RLUSD model targets the 98% of DeFi yield still driven by market mechanisms. XRPL mainnet launch depends on XLS-65 and XLS-66 winning governance approval. Ripple, Clearpool and Cicada Shift DeFi Yield Toward Real Business Credit Ripple is backing…
Key Takeaways Bitcoin rose from about $62,653 to a $79,461 high, trading near $77,000 on Aug. 21. CME and Binance held about $20.37 billion of bitcoin futures open interest, amplifying market risk. Jackson Hole, Treasury yields and Aug. 22 bitcoin options expiry are the next key tests. The session offered some breathing room after a…
Key Takeaways Sandmark found Binance allowed new EU accounts after the July 1 MiCA deadline without any license warnings. ESMA requires unauthorized firms to halt EU onboarding, yet Binance says it seeks MiCA compliance. EU regulators are penalizing MiCA violations, signaling strict legal risks for non-compliant exchanges. Binance Reportedly Still Onboarding Users in the European…
Key Takeaways The U.S. Treasury raised debt buyback limits, fueling a 20% Bitcoin rally and reviving the debasement trade. Experts warn this Treasury move will spur a sharp dollar decline as investors seek hard asset protection. Despite doubts, Bitcoin outpaced precious metals, acting as digital gold and decoupling from tech stocks. Bitcoin Rally Sparks Debasement…
TRON has established itself as one of the most widely used networks for USDT settlement, with USDT-TRC20 accepted for deposits and withdrawals across a broad range of major exchanges and payment services. That breadth of acceptance has made it a common choice for exchange-to-exchange transfers and for dollar-denominated payments in emerging markets, supporting the reliable…
