The Blockchain Association and Crypto Council for Innovation sued Illinois on Aug. 21 to block a 0.2% digital asset tax scheduled to take effect on Jan. 1, 2027. Summary Two industry groups sued Illinois to block its 0.2% digital asset tax before implementation begins. The tax takes effect January 1, 2027, covering specified exchanges, transfers…
Cardano would need to more than triple from here just to get back to where it traded last autumn. A Meta AI price prediction says that round trip is on the table, and the model predicts $0.68 as its base case for the end of 2026. The wider range runs $0.55 to $0.85. Everything depends…
Kalshi has blocked customers in Washington while asking a King County judge to reconsider an injunction restricting its prediction markets. Summary Washington requires Kalshi to block residents from seven event-contract categories under an amended preliminary injunction. Kalshi requested reconsideration after Washington agreed to delay enforcement against federally regulated competitor OG temporarily. September 2 is the…
Unlike the BTC and ETH ETF inflows, Friday was actually the best day for the XRP ETFs. The winds have changed in the cryptocurrency markets, and this is particularly evident in the exchange-traded funds tracking several assets, such as Ripple’s native token. Although they were mostly in the green, the spot XRP ETFs struggled…
BitMart said on Aug. 21 that it was exploring a restructuring plan involving creditor distributions and the phased restart of selected operations, less than four weeks after announcing a complete wind-down. Summary BitMart appointed White & Case while evaluating creditor distributions and a phased operational restart plan. September 9 is BitMart’s deadline for another update,…
What led to the major narrative change and the $500b+ freshly entered capital? The cryptocurrency market was essentially muted for many, many weeks. Ever since the May surge from BTC to over $82,000 and the subsequent crash to under $58,000 on July 1, the market has remained dull with little to no movement from…
Michael Saylor renewed his case for Bitcoin on Aug. 23, describing the asset as a mechanism for converting economic value into a digital form that individuals, companies and governments can control. Summary Michael Saylor described Bitcoin as digital economic energy that entities can securely control and preserve. Strategy reported holding 840,447 Bitcoin, representing roughly 4%…
XRP went on a wild ride in the past several days but it has now pulled back. What’s next for the asset? After a highly volatile, eventful, and finally positive few days following the Wednesday Treasury Department announcement, Ripple’s XRP has slowed down by dipping from $1.70 to $1.50. Its fluctuations went through the…
Coinbase CEO Brian Armstrong urged senators to support the CLARITY Act during an Aug. 20 interview, arguing that permanent legislation could protect crypto users and limit regulatory overreach by future administrations. Summary Senate records schedule the CLARITY Act cloture motion for September 15 at 2:15 p.m. Eastern. Armstrong said statutory crypto rules would protect consumers…
The funds tracking both assets recorded a perfect week of net inflows only. In a sudden but very impactful change in investor behavior, the spot exchange-traded funds tracking the largest cryptocurrency attracted almost $2 billion in fresh funds in the past five business days alone. The Ethereum counterparts also set a multi-month peak, gaining…
