Author: John Smith

AVAX price crashed to levels last seen in early 2021 after a market-wide liquidation wave erased support near $8 and left traders heavily bearish. Summary AVAX price has fallen to levels last seen in early 2021 after a crypto-wide liquidation event wiped out key support zones. Open interest dropped to $159 million while more than 70% of derivatives positions remained short, highlighting bearish market sentiment. Traders are watching the $6.25 “Ultimate Support” level, with a break below potentially exposing AVAX to further downside toward $5.46 and $4.68. According to data from crypto.news, Avalanche (AVAX) fell 14% to an intraday low…

Greece has prepared plans for a 15% cryptocurrency capital gains tax as officials move to bring digital assets into the country’s tax system. Summary Greece is preparing legislation to impose a 15% capital gains tax on cryptocurrency profits, with the first €500 in gains exempt. Officials revealed the proposal would formally bring crypto assets into Greece’s tax code, with a bill expected to reach parliament in the coming months. The move comes as other jurisdictions, including Israel and Illinois, pursue different strategies to increase crypto tax compliance and revenue collection. According to a report, Greece’s Finance Ministry is drafting legislation…

Kraken has opened access to the upcoming SpaceX IPO through tokenized shares across more than 110 markets, bringing a traditionally exclusive Wall Street process to retail investors. Summary Kraken has launched tokenized access to the upcoming SpaceX IPO through its xStocks platform. Eligible users in more than 110 markets can apply for IPO allocations and receive tokenized shares backed 1:1 by stock. SpaceX is reportedly targeting a $75 billion raise at a valuation of at least $1.8 trillion, which could make it the largest IPO on record. According to an announcement from Kraken, SpaceX will become the first company offered…

According to a fiscal year 2027 budget bill passed by the Illinois General Assembly, the state is moving forward with a new tax on cryptocurrency transactions that would apply to digital asset brokers operating in Illinois. Summary Illinois lawmakers approved a budget bill containing a 0.2% tax on crypto transactions and new registration rules for digital asset brokers. Unregistered brokers could face Class 3 felony charges, carrying penalties of up to five years in prison and $25,000 in fines. Industry groups including the Digital Chamber and Illinois Blockchain Association have urged Governor JB Pritzker to reject the measure. Included within…

Travala has launched an AI-powered hotel booking protocol that gives agents access to more than 2.2 million properties and enables near-instant USDC payments on Base for about $0.01 per booking. Summary Travala launched Travel MCP, allowing AI agents to search, book, and pay for hotel stays using USDC on Base. The protocol supports over 2.2 million hotel listings and uses Coinbase’s x402 infrastructure for gasless payments costing around $0.01. Travala plans to expand the AI booking system to flights after growing its travel network through partnerships with Trivago and Skyscanner. According to reports, Singapore-based crypto travel platform Travala has released…

Zcash has plunged nearly 50% from its recent high after disclosure of a critical network vulnerability triggered panic selling, forced liquidations, and the exit of one of the privacy coin’s most prominent supporters. Summary Zcash plunged nearly 50% after disclosure of a critical Orchard pool vulnerability and Arthur Hayes’ exit from the asset. Lookonchain data showed a whale withdrew 37,316 ZEC worth $13.1 million from Binance, suggesting some investors are buying the dip. Technical indicators remain bearish despite the rebound, with key resistance levels sitting at $420, $471, and $523. According to crypto.news market data, Zcash (ZEC) crashed to an…

Helium founder Amir Haleem has stepped down as chief executive of Nova Labs after HNT’s price suffered a steep multi-year decline and the company sold its consumer mobile business. Summary Amir Haleem has stepped down as Nova Labs CEO and moved into the chairman role. Mario Di Dio has taken over as CEO of Nova Labs after Haleem’s exit. HNT has fallen 96% over five years, according to market data cited in the report. According to Haleem’s announcement on X, Mario Di Dio has taken over as CEO of Nova Labs, while Haleem has moved into the chairman role. The…

BNP Paribas has forecast three Federal Reserve rate hikes beginning in December, citing stronger-than-expected U.S. employment data and rising inflation pressures that the bank links in part to the ongoing U.S.-Iran conflict. Summary BNP Paribas expects the Fed to deliver three rate hikes starting in December as inflation risks rise. Strong U.S. jobs data boosted market expectations for tighter monetary policy. Polymarket and CME FedWatch data show traders increasingly pricing in the possibility of higher rates. According to a Markets 360 analysis from BNP Paribas, the bank has abandoned its previous expectation for stable policy and now expects the Fed…

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…