While crypto representatives and lawyers cautioned the U.S. Internal Revenue Service (IRS) that its crypto tax proposal is a dangerous and improper overreach, questions posed by a panel of IRS and Department of the Treasury officials at a Monday hearing may reveal some flexibility in the rule as it’s still being written.Source
Prices on the major cryptocurrencies stabilized after a rally at the end of the U.S. trading week, while crypto winter continues to thaw in every part of the market from bitcoin to ether and DEXs.Source
Digital assets have seen strong gains in the last month due to excitement about the potential approval of bitcoin spot ETFs, but this bullish sentiment may be misplaced, the report said.Source
Raft’s R stablecoin lost its dollar peg, dropping as much as 50% in the immediate aftermath of the exploit.Source
How exchange-traded funds and futures contracts can reach TradFi and turbocharge the growth of crypto markets.Source
Stronger interest from institutional investors and a market with relatively few sellers could mean we’ve entered a new phase of the market, say FalconX’s Vivek Chauhan and David Lawant.Source