Author: Benjamin Lee

U.S. lawmakers have unveiled a bipartisan effort to modernize the federal tax code’s treatment of digital assets, with a particular focus on stablecoins, everyday transactions, staking and mining rewards. Representatives Max Miller (R-OH) and Steven Horsford (D-NV) released a draft of the Digital Asset PARITY Act that aims to provide clearer, more practical tax rules for regulated, dollar-pegged stablecoins and reduce unnecessary reporting burdens for routine crypto payments, ensuring that everyday transfers do not trigger capital gains reporting requirements for transactions under a specified amount. The proposal also seeks to clarify how income is sourced from digital asset trading and…

Coinbase has teamed up with global payments provider Klarna to introduce a new stablecoin funding option that expands how users can add funds to their Coinbase accounts. Under the partnership, customers in supported regions will be able to use stablecoins such as USDC to fund their Coinbase wallets directly through Klarna’s checkout experience, giving buyers a familiar payments flow while leveraging the price stability of fiat-pegged digital assets. The integration is designed to offer consumers more choice and flexibility at the point of checkout, allowing them to seamlessly allocate stablecoin balances for trading, investing or remittance without requiring a separate…

Billionaire crypto entrepreneur Arthur Hayes just initiated a new crypto purchase. Analysts at Lookonchain say Hayes moved $3.53 million worth of Ethereum (ETH) in just over 24 hours. Approximately $1.5 million of the ETH was sent to the institutional crypto asset firm Galaxy, suggesting Hayes may be looking to sell. Meanwhile, Hayes used a portion of the $2.03 million in ETH that was not sent to Galaxy to purchase 1.22 million Ethena (ENA) tokens worth about $257,000 at time of publishing. Amid the shuffle, Hayes noted he’s executing a rotation out of ETH on X. “We are rotating out of ETH…

A popular crypto analyst believes a privacy-focused altcoin is heading to new all-time highs even as the broader market loses steam. Analyst and trader Kevin Svenson tells his 163,500 followers on X that Monero (XMR) is set up for a price explosion that may result in a more than 80% increase in its current value during the second half of 2026. “XMR has been quietly building a two-year parabolic trend – now approaching all-time highs. The narrative: privacy. The play: Monero. If you’re bored with the crypto market, you’re simply not positioned correctly. The best opportunities hide in plain sight.”…

Fund manager and activist investor Eric Jackson is reportedly planning to head up a new Digital Asset Treasury (DAT) firm despite the crypto market’s recent lull. Jackson intends to take on the role of founder, chairman and CEO of EMJX, which will invest in Bitcoin (BTC), Ethereum (ETH) and several altcoins, reports Reuters. The firm plans to launch as a reverse merger with pet wellness company SRx Health Solutions (SRXH). EMJX aims to set itself apart from the first wave of DAT firms like Michael Saylor’s Strategy Inc (MSTR), which has a Bitcoin-only treasury, by managing a multi-asset portfolio and…

A large-scale investor has offloaded millions of ASTER tokens, absorbing a 22% loss within two weeks. ASTER price has dropped below key levels, signaling bearish short-term bias. Aster team calms supply-side worries by confirming no plans to sell unlocked tokens. The digital assets market remained deteriorated on Wednesday, with the global crypto market capitalization at $2.94 trillion after a 0.65% dip in the past 24 hours. Also, Bitcoin remained somewhat muted in the last day after the recent decline, changing hands at $86,640 following a mere 0.30% decline on its daily chart. While most altcoins sought footing after the latest…

Visa just launched stablecoin settlement in the US using Circle’s dollar-pegged digital asset USDC. The move allows US issuer and acquirer partners to settle transactions on the blockchain, starting with the Solana network. The move marks a key step in Visa’s pilot program to integrate stablecoins into global commerce. Visa’s U.S. stablecoin settlement framework is designed to power seven day settlement windows for faster speed and liquidity, allowing banks and fintechs to settle transactions every day instead of just five business days. It also modernizes liquidity and treasury management with automated, advanced operations for banks. Says Visa’s Global Head of…

BNB Chain has introduced a stablecoin to enhance cross-chain liquidity. The token targets large-scale, high-volume usage across different sectors. Community buzzes as Binance founder CZ follows a new stablecoin named U. BNB Chain is planning a massive step into the stablecoin industry. The platform took it to X to introduce a new stablecoin set to launch soon. The new token aims to integrate liquidity across different applications while catering to high-volume, large-scale utility needs. While most existing stablecoins have payment and trading as their primary use cases, BNB Chain’s upcoming token aims to seamlessly integrate into different financial platforms, dApps,…

The leading stablecoin company Tether is investing $8 million in Speed, a payments infrastructure firm. The funding round, led by Tether with participation from Ego Death Capital, aims to advance stablecoin payments on Lightning – a network built on top of Bitcoin to power instant and cheap transactions. The goal is to enable efficient payments with native Bitcoin and Tether’s USDT stablecoin. Speed processes over $1.5 billion in annual payment volume across consumers, creators, platforms, and enterprise merchants. Its products, Speed Wallet and Speed Merchant, serve 1.2 million users and businesses. Says Tether CEO Paolo Ardoino, “Speed is showing what…

Fundstrat’s Tom Lee believes basic market dynamics favor crypto bullishness despite recent price woes. In a new interview with CNBC, Lee predicts that crypto’s “best years are still definitely ahead.” “Today, there are only four million Bitcoin wallets with $10,000 in them. There are 900 million IRA and brokerage accounts globally that have $10,000, so that’s 200 times larger a market.”  Lee thinks crypto’s 2025 story is still positive despite some hiccups and “uncertain” price levels. “I think that there have been some concerns about quantum, and then there was that huge deleveraging event on October 10th, but the crypto…