U.S. Sen. Cynthia Lummis urged American banks to embrace stablecoins and digital assets, arguing they represent a new financial product rather than a threat as Congress struggles to advance stalled crypto legislation. Banks should see stablecoins as a way to expand services, not defend turf, Lummis said during a Feb. 6 appearance on Fox Business, […]
Prediction markets across Kalshi, Polymarket, and Myriad are signaling a strong consensus that the New England Patriots will lose Super Bowl LX on Feb. 8, with pricing one day before kickoff historically among the most reliable signals these platforms produce. Kalshi, Polymarket, and Myriad Agree: Patriots Face Long Odds on Super Bowl Sunday As of […]
Several X accounts have reignited a long-running debate in bitcoin circles, arguing that a single onchain bitcoin now underpins multiple financial claims across exchange-traded funds (ETFs), futures, perpetual swaps, wrapped tokens, and structured products. The argument, often labeled the “paper bitcoin” theory, draws direct comparisons to gold’s financialization in the 1980s, when derivatives came to […]
Reports detail that Vietnam’s Ministry of Finance has floated a draft circular that would pull cryptocurrency trading firmly into the tax net, proposing a securities-style framework that levies a flat 0.1% personal income tax on every crypto transfer while exempting the activity from value-added tax. Vietnam’s Crypto Market Pilot Adds 0.1% Personal Income Tax Under […]
The Ministry of Finance will put a decree that equates cryptocurrency transactions to foreign currency exchanges to public consultation, a move that would allow the government to tax these flows. The subject is expected to spark a fierce discussion in Congress and even legal actions. Brazil Aims to Tax Crypto Flows by Decree, Strong Opposition […]
Bitcoin and ether ETFs remained under intense selling pressure, extending February’s sharp drawdown. XRP and solana ETFs, however, continued to attract fresh capital, offering rare pockets of strength. Another Heavy Selloff Hits Crypto ETFs Relentless selling defined another volatile session for crypto ETFs, with capital continuing to rotate away from bitcoin and ether while selectively […]
U.S. stocks rebounded sharply on Friday during the mid-morning trading sessions, as easing inflation expectations, improved consumer sentiment, and a rotation into industrial and financial stocks lifted the Dow Jones Industrial Average near record highs. Wall Street Rebounds After AI-Driven Tech Rout Batters Markets The Dow jumped 758 points by mid-morning, or 1.6%, on Feb. […]