US Senate Votes to Repeal IRS DeFi Reporting Rule

In the latest pro-crypto pivot in the US, the Senate has quashed a rule submitted by the Internal Revenue Service relating to “Gross Proceeds Reporting by Brokers That Regularly Provide Services Effectuating Digital Asset Sales.” The rule required decentralized finance platforms to report detailed information on customers to the...
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Canary Capital Files to Launch ETF Tracking Cross-Chain Protocol Axelar

Canary Capital, the digital asset-focused investment firm founded by former Valkyrie Funds co-founder Steven McClurg, is planning on launching an exchange-traded fund (ETF) tracking the price of Axelar (AXL). The firm submitted an S-1 filing with the Securities and Exchange Commission (SEC) on Wednesday, kicking off the process to...
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XRP Active Addresses Soar 620% As Price Volatility Continues

On-chain data shows activity on the XRP network has registered a large spike over the past week as volatility has engulfed the market. XRP Active Addresses & Volume Have Shot Up Recently In a new post on X, analyst Ali Martinez has discussed about the latest trend in the...
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Trump’s Crypto Push: IBIT Vs. ETHA – Which ETF Stands To Gain More?

President Donald Trump on Sunday unveiled plans to establish a U.S. “Crypto Strategic Reserve,” aiming to position the country as the global leader in digital assets. The reserve would include major cryptocurrencies such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP, Solana, and Cardano. He reaffirmed his commitment to...
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Coinbase Rekindles Efforts To Introduce Tokenized Securities In The US

Coinbase Inc. (NASDAQ:COIN) is revisiting its ambition to bring tokenized securities to the U.S., a move it first attempted years ago but abandoned due to regulatory opposition. What Happened: The renewed push comes as the Donald Trump administration signals a more accommodating approach toward crypto, prompting changes at the...
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