Author: John Smith
The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts that would introduce new rules for decentralized finance lending, stablecoin payments, staking rewards, and other digital asset transactions ahead of a June 9 congressional hearing. Summary House Ways and Means Committee has released seven crypto tax discussion drafts covering DeFi lending, stablecoins, staking, mining, and wash-sale rules. Proposed measures could introduce tax relief for certain stablecoin payments while extending anti-abuse and wash-sale rules to digital assets. The proposals will be discussed at a June 9 congressional hearing as lawmakers consider changes to U.S. crypto tax policy.…
Here is the puzzle. On May 29, 2026, a security researcher hired by Zcash developers found a critical bug in the network’s Orchard privacy pool, a flaw that could have let an attacker mint unlimited, undetectable counterfeit ZEC. The development team moved fast: they disclosed it, coordinated an emergency fix, disabled the vulnerable component within days, and re-enabled it with a patched circuit through a hard fork by June 1. No funds were stolen. No inflation was detected. By almost any standard of incident response, this was a model of how to handle a critical vulnerability. And the market punished…
Hyperliquid has fallen sharply from its record high after a whale-led selloff triggered a wave of liquidations and pushed momentum indicators into their weakest position since the token’s breakout rally began. Summary Hyperliquid fell from a record high of $75.48 to near $62 after Arthur Hayes sold his entire $18 million HYPE position, triggering a wave of profit-taking and liquidations. HYPE’s daily MACD has printed its first bearish crossover since May, while key support levels at $55 and $50 have come into focus if selling pressure continues. Despite the selloff, a16z-linked wallets accumulated more than $15 million worth of HYPE,…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors assess early-stage crypto opportunities as DOGEBALL gains attention alongside lessons from past launches. Summary Investors continue searching for early-stage blockchain projects, hoping to capture growth before major exchange listings and broader market adoption. DOGEBALL positions itself as a Layer-2 ecosystem combining gaming and payments, with a focus on low-cost transactions and crypto-to-fiat settlement tools. Supporters argue the project’s DOGEPAY infrastructure and cross-border payment capabilities help differentiate it from purely speculative crypto offerings. Missing out on early-stage blockchain opportunities…
Cardano price fell near $0.16 on June 5 as ADA extended its selloff and reached levels last seen around late 2020, while social activity and on-chain usage rose during the market stress. Summary Cardano price fell near $0.16 as ADA reached levels last seen around late 2020. Santiment data shows Cardano social dominance and active addresses jumped during the sharp selloff. Ali Martinez sees $0.11 and $0.051 targets unless ADA reclaims key Bollinger levels. Cardano price falls below $0.16 Cardano traded near $0.162 on June 5, according to crypto.news price data. ADA fell 17.9% over 24 hours and lost 30.7%…
Binance Research said crypto exchanges may become a major gateway into global stock markets, as stablecoins and tokenized equities reduce old barriers around cost, access, settlement, and brokerage reach in underbanked regions worldwide. Summary Binance sees crypto exchanges routing 300 million new investors into global equities by 2031 worldwide. Emerging markets drive demand, with 93% of Binance stock trading users coming from those regions. Stablecoin stock trading could cut transfer costs while supporting 24/7 access to global equity markets. Binance Research sees a $2T equity route Binance Research said crypto exchanges could collectively channel $2 trillion in new capital and…
Largest U.S. banks have moved toward a shared tokenized deposit network as stablecoin firms push deeper into payments and corporate finance. Summary Major U.S. banks plan a tokenized deposit network through the Clearing House, with launch targeted for early 2027. The network will let banks move tokenized deposits instantly across blockchain infrastructure with round-the-clock settlement support. Banks see tokenized deposits as a regulated alternative to stablecoins that keep customer deposits inside the banking system. The Wall Street Journal reported that the Clearing House will run the system, a real-time payment network owned by JPMorgan Chase, Bank of America, Citigroup, Wells…
CME Group Chief Executive Terry Duffy has warned that the recent approval of cryptocurrency perpetual futures in the U.S. has created significant risks for investors and the financial system, calling the products “a disaster waiting to happen.” Summary CME CEO Terry Duffy called U.S. crypto perpetual futures a “disaster waiting to happen.” Duffy warned that high leverage and automatic liquidations could expose retail traders to heavy losses. The criticism comes as Kalshi, Coinbase, and Kraken expand into the newly approved U.S. crypto perps market. According to remarks delivered at Piper Sandler’s Global Exchange & Fintech conference on June 4, Duffy…
The cryptocurrency-funded peptide market has surpassed a $100 million annual run rate after first-quarter sales jumped 159% quarter-over-quarter to $32 million, according to a new report from Chainalysis. Summary Chainalysis says the crypto-funded peptide market has exceeded a $100 million annual run rate. Q1 2026 peptide sales jumped 159% quarter-over-quarter to $32 million. Average spending on independent purity testing fell 88% per buyer, raising safety concerns as demand for peptides continues to grow. According to Chainalysis, demand for off-label peptides has expanded rapidly beyond niche biohacking communities, creating a growing gray-market industry that increasingly relies on cryptocurrency payments. The blockchain…
SEC Commissioner Hester Peirce has said that software developers who publish open-source blockchain code should not face federal securities registration rules simply because others use their work. Summary Hester Peirce said open-source DeFi code should not automatically expose developers to federal securities registration requirements or intermediary rules. Peirce argued that securities violations should rest with unlawful actors, not developers whose public software is later used by others. Her remarks followed SEC staff guidance suggesting some DeFi interfaces may not qualify as brokers under existing rules. SEC Commissioner Hester Peirce, speaking Tuesday at the IC3 Blockchain Camp at Princeton University, said…