Senator Young, with a gravitas befitting a man of his station, is urging the IRS to reconsider its 2023 guidelines on the taxation of cryptocurrency rewards earned through staking. A practice, one must note, where digital assets are locked away like misbehaving schoolboys to support blockchain networks. 🏛️
The crime unfolded with all the sophistication of a B-movie plot: three men armed with machetes (because guns are too mainstream) forced a victim to transfer cryptocurrency while posing as delivery drivers. Because nothing disarms suspicion like a man holding a machete saying “I’ve got a package for you.” 📦💀
The Office of the Comptroller of the Currency (OCC), that bureaucratic titan of financial oversight, has decreed that national banks may now engage in the noble art of paying blockchain “gas fees.” This is less a revolution than a sigh of relief for banks who feared they’d be left behind in the crypto circus. 🤡
HSBC, that venerable institution once known for its leather-bound ledgers and pipe-smoking managers, has announced it will offer “tokenized deposits” to corporate clients in the U.S. and UAE starting next year. Because nothing says “we’re hip” like slapping “tokenized” on a press release. 📜✨
Schwartz, who clearly spends his days pondering governance and consensus, has found himself at a crossroads of thinking. As new use cases and technologies pop up like unwanted pop-up ads, his perspective has naturally shifted. His latest epiphany? Maybe, just maybe, XRPL could actually support DeFi natively. Yes, you read that correctly. No more relying on those pesky external protocols that everyone pretends they don’t secretly despise.
Lo, the CoinGlass doth recount a tale of woe: a monstrous $96.5M BTC-USD contract, slaying 164,000 traders and spilling 814 million in tears. Yet HYPE, like a phoenix, doth soar, climbing 6% in mere hours, as if the market itself had been bribed by a well-timed tweet.
Apparently, BlackRock decided that Bitcoin and Ethereum were so 2021 – so they deposited 3,064 BTC and 64,707 ETH, like someone shedding old clothes for the latest market fashion. The question on every trader’s mind: are they selling or just rearranging their digital sock drawers? 🤔
Analysts, those ever-so-serious soothsayers, proclaim that this feature could propel DeFi into the hallowed halls of mainstream banking, despite the risks that lurk in the shadows. 🏛️
Volume? Oh yes, it’s still high, dear reader. But the real question: can these technical levels, which have sparked previous hopeful rebounds, work their magic again? Will it be a phoenix rising from the ashes, or just more ashes? Time will tell. ⏳
Washington’s newfound love for digital assets shines brighter than a crypto bro’s grin after a rug pull. Yet the SEC prefers to spotlight fiduciary duty, custody, and operational resilience-terms so jargon-heavy they could make a sailor weep. “Not exhaustive,” they say, as if to whisper, “We’re still watching… maybe.”