India Finds Crypto Traders Hiding From the Taxman India’s income tax department has discovered that fewer than one in four crypto traders is filing returns on their digital asset transactions. Out of 645,000 people who executed crypto trades, the majority simply vanished from the tax rolls. The gap is now a flashing red light for…
EU Readies MiCA 2.0 to Counter U.S. Stablecoin Push European regulators are preparing a fresh round of crypto rules aimed at non-EU stablecoin issuers, a direct response to the United States’ fast-moving stablecoin legislation. The move signals that Brussels is no longer content to set its own house in order—it now wants to dictate the…
Kansai Electric Rewards App Opens JPYC Stablecoin Conversion On Polygon Kansai Electric Power Co. has enabled stablecoin conversion for users of its rewards app, allowing points or balances in the program to be converted into JPYC on the Polygon blockchain. The update links a large, mainstream consumer rewards program to an on-chain asset pegged to…
Bank of England Rejects Farage Influence on Stablecoin Policy Bank of England Governor Andrew Bailey pushed back against claims that his meeting with Nigel Farage shaped the central bank’s approach to digital currencies. The report suggests Bailey insisted policy decisions stayed independent, even after the two discussed cryptocurrency issues. Markets are watching closely because any…
Bitcoin Stalls at $62K as War and Fed Fears Collide Bitcoin is stuck near $62,000 after oil prices jumped and traders rushed to cut risk ahead of the next Federal Reserve decision. Fresh escalation between Israel and Iran has pushed energy markets higher, while futures traders are trimming leverage in case the central bank sounds…
India’s Tax Crackdown Looms Over Crypto Traders India’s tax department has uncovered a massive gap between crypto activity and tax compliance: fewer than 25 percent of the 645,000 users who traded digital assets actually declared those trades on their returns. The finding points to either widespread ignorance of the rules or a deliberate attempt to…
Coldcard Losses Near $114M as Small Bitcoin Transfers Spike Data shared in the latest update indicates that bitcoin losses linked to Coldcard are nearing $114 million, alongside a noticeable increase in small bitcoin transfers. The figures point to two concurrent trends: a large aggregate loss figure associated with Coldcard and a shift in on-chain activity…
Bitcoin Nears $61K as Oil Spikes on Iran Ceasefire Collapse Bitcoin is sliding toward the $61,000 zone as oil prices surge on renewed Middle East tensions after the breakdown of a U.S.-Iran ceasefire. The move comes as traders react to fresh threats of a Hormuz blockade, which pushed crude above $75 per barrel and stoked…
Bitcoin Slides Toward $61K as Oil Spikes on Iran Tensions Bitcoin is under fresh pressure as geopolitical risk flares in the Middle East. Oil prices have jumped above $75 after the collapse of the US-Iran ceasefire, raising the specter of a Hormuz blockade. The market is treating this as a liquidity shock rather than a…
Tokenized Stocks Explode 105% in One Month Trading in tokenized equities has surged past $8.4 billion in a single month, a 105% jump that shows traditional markets are finally bleeding onto the blockchain. Institutions and crypto firms are racing to wrap real-world shares in digital wrappers, and the volume proves demand is no longer theoretical….
XRP holders can now borrow RLUSD on Ethereum through $280 million lending pool XRP holders now have a new way to access liquidity on Ethereum: they can borrow RLUSD through a lending pool with $280 million in available capital. The development connects XRP-backed borrowing with Ethereum-based stablecoin liquidity, giving XRP holders an option to obtain…
Bitcoin Faces Fresh Assault as Oil, Japan, and Strategy Converge Bitcoin is back under pressure at the $60,000 mark, with a combination of rising oil prices, fresh economic worries out of Japan, and another wave of selling from Strategy creating a perfect storm for short-term bears. The move comes as markets grapple with macro shocks…
Court Deals Blow to CFTC, Greenlights Kalshi Election Bets A federal appeals court has refused to block Kalshi from offering contracts on U.S. elections, delivering a sharp setback to the Commodity Futures Trading Commission and opening a new front in the fight over who regulates prediction markets. The ruling keeps Kalshi’s contracts live while the…
**Courts Hand Envy Blockchain A Procedural Win, Not A Substantive One** Texas’s Eighth Court of Appeals has ordered a district judge to explain—within 30 days—why he froze millions in crypto assets tied to Envy Blockchain, NV Landco 1, and Stephen DeCani without first holding a hearing. The ruling doesn’t free the funds, but it instantly…
Trump Family’s American Bitcoin Tops 8,000 BTC After Record Mining Quarter Insufficient source material was provided to write the news story. The only details available are the headline and the claim that the Trump family’s “American Bitcoin” has surpassed 8,000 BTC following a record mining quarter. To produce a clean, accurate article without adding or…
JUDGES SLAP CFTC’S HAND — KRAFT GETS ITS DAY IN COURT A federal appeals court just told the CFTC it cannot simply sidestep a district judge who wants to see how the agency handled a high-stakes commodity manipulation probe. The ruling blocks the regulator’s attempt to short-circuit discovery, signaling that even the CFTC must play…
SEC’s 35-Year Bilzerian Injunction Survives, Sending a Warning Shot to Token Issuers A federal judge in Washington has refused to unwind a 2001 permanent injunction that bars convicted stock manipulator Paul Bilzerian and his associates from ever again raising money in the public markets, even though Bilzerian has been dead for years. The ruling keeps…
**Court Slaps Brakes on SEC’s Crypto Crackdown** The Supreme Court just handed the crypto industry its first real shield against the SEC’s aggressive enforcement campaign. In a 6–3 decision, the justices ruled that the agency cannot treat all digital assets as securities without proving they meet the traditional Howey test, forcing the regulator to show…
EU Eyes MiCA 2.0 After US Stablecoin Law Lands Brussels is quietly preparing a revision of its landmark Markets in Crypto-Assets rulebook, now being called “MiCA 2.0,” to bring non-EU stablecoin issuers under tighter oversight. The move comes days after Washington passed a stablecoin bill that sets clear federal standards for dollar-pegged tokens, forcing EU…
SEC v. CFTC: Seventh Circuit Hands CFTC New Crypto Leverage Court upholds CFTC’s power over crypto futures — markets may see tighter leverage rules. The Seventh Circuit just handed the Commodity Futures Trading Commission a significant victory in its turf war with the SEC over who regulates crypto. In Conway Family Trust v. CFTC, the…
