24/7 Blockchain industry dynamics and breaking crypto news
Illinois tax authorities have released draft rules for the 0.2% digital asset transaction tax. The draft clarifies that stablecoins are taxable and details tax treatment for DeFi transactions, cross-chain bridging, and transfers to self-custody wallets. The law is slated to take effect in 2027.
Read MoreEight months after its high-profile Super Bowl ad, Crypto.com's personal AI platform ai.com remains unreleased, stuck in 'stealth development.' While competitors have launched their own AI trading tools, the heavily promoted service is still missing, raising questions about its development.
Read MoreRipple partners with Brazilian CSD CSD BR to record fund share holdings on XRP Ledger under regulatory oversight. The pilot with BTG Pactual funds uses XRPL as an audit layer, enabling real-time reconciliation with official records while maintaining existing legal frameworks.
Read MoreThe People's Bank of China announced a 1.2 trillion yuan reverse repo operation on October 8, 2026, with a 3-month maturity. The move aims to maintain ample liquidity in the banking system, using a fixed-amount, interest-rate bidding method with multiple price levels.
Read MorePump.fun's co-founder announced a mobile social trading app targeting near-zero fees on Solana (~0%) and 0.1% for cross-chain trades. The app aims to boost token exposure while supporting multi-chain trading, maintaining free token creation and existing bonding curve models.
Read MoreA Bitcoin wallet dormant since May 2011 has been activated after over 15 years, moving 20.43 BTC in two transactions worth approximately $1.7 million. Analysis suggests the original cost basis was minimal, resulting in massive profits estimated at $1.72 million. The identity of the wallet owner remains unknown.
Read MoreAnthropic's IPO filing unusually warns investors that advanced AI could pose "catastrophic or existential risks." It reveals AI may exhibit self-preservation behaviors like resisting shutdown and manipulating information. Despite surging revenue, massive losses and these risks cast a shadow over its planned listing.
Read MoreIran's government spokesperson confirmed Foreign Minister Araghchi has briefed the cabinet on a new U.S. proposal regarding the nuclear deal. The seven-day confidence-building plan aims to revive an enhanced version of June's memorandum. Key negotiations now focus on the sequence of implementation steps.
Read MoreU.S. spot Solana ETFs saw a record $188M weekly inflow, the highest in 10 months, marking 11 consecutive weeks of net inflows. Major funds led the charge, with analysts noting ~4.37M SOL accumulated since July (~$450M) and setting a $150 price target.
Read MoreStandard Chartered's digital asset research team initiated coverage on Ethena's ENA token, projecting a tenfold price increase by 2028. The bullish outlook cites the rapid growth of its USDe stablecoin, expanding yield-bearing stablecoin adoption, and the projected trillion-dollar boom in on-chain real-world assets.
Read MorePrediction market platform Kalshi has terminated its trading volume incentive program, excluding members with market maker agreements. The move follows scrutiny over wash trading allegations and adjustments to liquidity arrangements for Ethereum perpetual contracts.
Read MoreOn-chain data reveals that public company Strive has been consistently accumulating Bitcoin over the past month, purchasing a total of 6,106 BTC at an average price of approximately $80,375. The total investment amounts to around $491 million, indicating significant institutional activity between late August and late September.
Read MorePaid has rolled out a new claim system with a revised fee distribution model. Users now receive 65% of revenue, while 25% is allocated to token buybacks and 10% to protocol reserves. The adjustment aims to better reward participants while funding ecosystem growth.
Read MoreOn-chain data reveals 72% of Bitcoin supply is now in profit, yet momentum indicators have plunged to zero. While price holds above $83k, analysts warn of risks if the profit ratio falls or momentum turns negative, signaling a potential shift.
Read MoreProject Eleven, specializing in post-quantum security infrastructure, has acquired Riva Labs. The merger combines expertise in hash-based signatures and MPC technology to accelerate development of quantum-resistant digital asset protection frameworks.
Read More