The US House Ways and Means Committee is set to examine a series of cryptocurrency tax reform proposals on Tuesday as lawmakers continue broader efforts to establish a regulatory framework for digital assets.
South Korean police have reportedly raided crypto exchange Bithumb as part of an expanding investigation into allegations that independent lawmaker Kim Byung-gi used his political influence to secure employment opportunities for his son at cryptocurrency firms.
South Korean authorities have arrested and indicted five people accused of orchestrating a meme coin rug pull that allegedly cost investors approximately 900 million won ($600,000), in what prosecutors describe as the country's first criminal cryptocurrency fraud case.
The Bhutanese government has sold another 738 Bitcoin worth approximately $44.9 million, extending a months-long trend of reducing its cryptocurrency holdings to finance major economic development projects.
Bitcoin's recovery from last week's sharp selloff triggered a major short squeeze, wiping out approximately $504 million in bearish positions over 24 hours as traders betting on further declines were caught offside.
XRP has rebounded from four-month lows after buyers stepped in around the $1.09 level, helping the token recover from one of its steepest declines of the year while broader market sentiment remains fragile.
Maelstrom co-founder Arthur Hayes has exited his position in Worldcoin just days after his venture capital firm highlighted the token as one of the strongest ways to gain exposure to upcoming artificial intelligence-related initial public offerings.
DWF Labs founder Andrei Grachev has warned that the growing concentration of Bitcoin and Ethereum in the hands of publicly listed companies could create the conditions for the largest crash in crypto market history.
Long-time Bitcoin critic Peter Schiff has unexpectedly sided with the crypto industry by rejecting calls from Jamie Dimon to subject stablecoin issuers to the same regulatory framework as traditional banks.
Decentralised derivatives platform Hyperliquid is facing increasing regulatory scrutiny after Britain's Financial Conduct Authority warned that the exchange and the Hyper Foundation may be providing or promoting financial services in the UK without authorisation.
Solana co-founder Anatoly Yakovenko has publicly rejected Senator Bernie Sanders' warning that artificial intelligence and robotics could destroy millions of American jobs, reigniting debate over automation, wealth creation and the future of work.
Decentralised finance losses have declined dramatically over the past several years, but security researchers warn that a new generation of multi-chain vulnerabilities could expose users to simultaneous losses across multiple blockchain networks.
