·Confidence 90%
Digital Asset Groups Challenge Illinois Crypto Tax in Court
Two advocacy groups have filed a lawsuit against Illinois' 0.2% crypto tax, citing constitutional and due process violations, following a similar case in July.
#cryptocurrency
178 articles tagged with #cryptocurrency
·Confidence 90%
Zcash Rallies 62% Ahead of Key Voting on ZEC Issuance
Zcash's price jumped 62% to $880 as holders prepare for a vote on changes to ZEC issuance, with the snapshot set before the upcoming poll.
ZEC ↑ Strong
·Confidence 90%
Alibaba Shares Drop Amid Fundraising, Bitcoin Continues Rally
Alibaba's stock falls as it plans a $10.2 billion share sale, while Bitcoin rallies with strong ETF inflows. SoftBank also announces a major bond sale.
BABA ↓ StrongBTC ↑ Very strong
·Confidence 90%
Bitcoin and Ethereum Prices Rise Ahead of Fed Insights
Bitcoin and Ethereum see price increases as investors anticipate key insights from the Federal Reserve this week, impacting market sentiment.
·Confidence 90%
Strategy Raises $2 Billion from MSTR Stock Sale for Liquidity
The firm has raised $2 billion by selling MSTR stock and established a liquidity account, potentially for future Bitcoin purchases.
·Confidence 90%
Strategy Sells $2 Billion in MSTR Shares, No Bitcoin Acquisitions
Strategy has divested $2 billion in MSTR shares and created a $1.6 billion cash reserve, without making any new bitcoin purchases.
·Confidence 80%
Zcash Migration to Ironwood Nears Completion at 85%
Zcash's migration to the Ironwood network is now 85% complete, enhancing security and privacy while reducing the Orchard pool to 3% of total supply.
·Confidence 85%
Strategy Secures $2 Billion from MSTR Stock Sales
Strategy has raised $2 billion through MSTR stock sales, boosting liquidity for market adaptability, while Bitcoin holdings remain unchanged.
·Confidence 90%
Solana Achieves $1M in Daily Revenue, Highest in Six Months
Solana's network revenue exceeded $1 million on August 19, marking its highest daily total in six months, potentially enhancing staking yields and reducing
SOL ↑ Strong
·Confidence 80%
Solana Validators Approve Changes to Disinflation Rate
Solana validators have voted to double the disinflation rate and overhaul the fee model, potentially impacting the network's economic structure and usability.
·Confidence 80%
XRP Surges 50% Amid ETF Inflows and Profit-Taking Risks
XRP's recent 50% price increase has attracted ETF inflows, but overbought conditions and high leverage may prompt investors to consider profit-taking.
·Confidence 85%
Phantom Ends Sui Support, User Migration Deadline Set
Phantom will cease support for Sui on September 24, prompting users to migrate. This decision reflects ongoing challenges in multichain wallet integrations.
·Confidence 85%
Wall Street Invests $90 Million in Altcoins Amid Market Rally
Last week, US-listed crypto ETFs saw nearly $90 million in inflows, with XRP, Solana, Chainlink, and Hyperliquid leading the surge in investor interest.
XRP ↑ StrongSOL ↑ StrongHYPE ↑ Moderate
·Confidence 90%
SEC Unveils Reg Crypto Proposal, Public Comment Period Opens
The SEC has released its Reg Crypto proposal, allowing a 60-day public comment period. This marks a significant step in cryptocurrency regulation.
·Confidence 90%
XRP Sees 50% Surge, Poised for Largest Weekly Gain Since 2024
XRP's price has jumped 50% this week, marking its best performance since November 2024, driven by optimism around Treasury buybacks and curve control.
XRP ↑ Very strong
·Confidence 80%
Layer 1 Network Cuts Supply by 75% Amid Developer Exit
A Layer 1 network has reduced its supply by 75% to ensure survival following the departure of its main developer, impacting its overall market dynamics.
·Confidence 90%
Coldcard Updates Firmware After Seed Exploit Vulnerability
Coldcard's latest firmware updates enhance wallet security but cannot fix vulnerabilities in previously created seeds, necessitating fund movement.
·Confidence 90%
Zcash Reaches Eight-Year High Near $850 Amid ETF Momentum
Zcash has surged to an eight-year high of nearly $850, with futures trading volume hitting $10 billion, driven by growing interest in Grayscale's ETF.
·Confidence 85%
The Sandbox Addresses Bridge Exploit Affecting SAND Transfers
The Sandbox reports it contained a bridge exploit that minted unbacked SAND. Upbit and Bithumb have frozen SAND transfers under South Korea's regulations.
·Confidence 90%
$550 Million in Crypto Longs Liquidated Amid Market Volatility
Recent liquidations of $550 million in crypto longs indicate rising market volatility, which may impact investor confidence and future price trends.