UK tax authority doubles crypto warning letters in crackdown on unpaid gains
HMRC sent nearly 65,000 warning letters to crypto investors last year, more than double the previous year, as the UK steps up efforts to trace undeclared capital gains.
Bitcoin ETFs shed $1.2B in red week, but Schwab remains bullish
Bitcoin ETFs lost $1.22 billion this week as BTC fell, but Schwab reported its clients now own 20% of all US crypto ETPs.
NAV Collapse Creates Rare Opportunity in Bitcoin Treasurys: 10x Research
Bitcoin treasury firms saw NAV premiums collapse as retail lost billions, but the reset created entry points for a new era of skilled asset managers, say researchers.
Bitcoin Coinbase Premium weakens but RSI mirrors April bottom zone
The Bitcoin Coinbase Premium Index turned negative as BTC’s RSI hit its lowest level since April, but it could also mark the beginning of a slow recovery.
‘Bitcoin smells trouble’ as banks are stressed and ‘yields are puking’ – Strike CEO
Regional banks faced renewed stress despite 2023 crisis reforms, with Zions and Western Alliance stocks plunging as Bitcoin fell to a four-month low.
Tempo, Stripe’s new blockchain, hits $5B valuation in $500M funding round
Led by Thrive Capital and Greenoaks, the raise comes less than two months after Stripe unveiled its layer-1 blockchain for stablecoin and real-world payments.
Public companies hold $110B BTC, but which are profiting from the Bitcoin standard?
Public companies now hold over 1 million Bitcoin worth $110 billion on their balance sheets, but only early adopters with disciplined strategies have seen major gains.
ETH bulls unmoved by surprise sell-off below $3.7K: Here’s why
Ether’s price rebound potential hinges on improving US credit and labor data, as traders show caution after recent liquidations and volatility in derivatives markets.
BitMEX co-founder’s family office seeking $250M for private equity fund: Report
The fund, to be run by Arthur Hayes and two associates, reportedly plans to use $40 million to $75 million for each acquisition of up to six crypto companies.
Ondo Finance to SEC: Hold off on Nasdaq’s tokenized securities plan
In a letter to the US regulator, Ondo argued that Nasdaq’s plan relies on undisclosed settlement details that could favor big players.