Author: NBTC
Fidelity’s Senior Tax Counsel VP , Sarah Reilly, told lawmakers during a congressional hearing today that the crypto industry urgently needs tax rules that are clear, consistent, and easy to follow. Speaking alongside Blockchain Association CEO Summer Mersinger at an ongoing House Ways & Means Subcommittee session, Reilly called attention to the challenges crypto investors and companies face under current tax law. Fidelity VP Calls for Better Crypto Tax Rules She pointed out that without proper guidance, individuals and institutions have no choice but to rely on outdated tax principles and vague internal IRS policies. According to her, these stopgap…
According to data from on-chain data platform LookOnChain, South Korea-based investors are showing great interest in the PENGU token. Three wallets associated with Bithumb and Upbit exchanges have accumulated 945 million PENGU (approximately $32 million) in the past week alone. The total PENGU balance across these three wallets has reached 2.92 billion tokens (approximately $96.73 million), equivalent to 3.8% of the total circulating supply. On the other hand, the address “0x0277,” which is thought to be linked to China-based cryptocurrency investment giant Fenbushi Capital, recently withdrew 4,000 ETH (approximately $12.93 million) from the Binance exchange. On the institutional selling side,…
Binance has unveiled a $1 million project called ‘Blockchain for Vietnam’, which is scheduled to be implemented from July 2025 to July 2027. This two-year initiative is designed to facilitate Vietnam in advancing its blockchain technology by focusing investments in education, industry use, and student funding. Vietnam is rising fast in digital innovation, and we’re investing in the future.#Binance has launched a $1M initiative to empower educators, support students, and drive real-world blockchain adoption across Vietnam’s key industries.Learn more 👉 https://t.co/AhnKQ4VBvZ pic.twitter.com/hKgQCOWvb3 — Binance (@binance) July 16, 2025 The program is aimed at structured training of university teachers. Binance will…
The U.S.-based Bitcoin and Lightning mobile wallet Zeus recently announced an alpha-release integration of Cashu. The move marks the first integration of ecash into a popular Bitcoin wallet, breaking new ground for potential user adoption to Bitcoin. Cashu is a hot new implementation of Chaumian ecash, a form of digital cash invented by David Chaum in the ’90s that has incredible privacy and scalability properties, with the trade-off of being fundamentally centralized, requiring a significant amount of trust in the issuer. In a counterintuitive move for Zeus, known as the go-to tool for advanced Lightning users seeking to connect to…
Ethereum price started a fresh increase above the $3,000 zone. ETH is now consolidating gains and might correct lower toward the $2,900 zone. Ethereum started a fresh increase above the $3,000 level. The price is trading near $2,940 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $2,900 zone in the near term. Ethereum Price Rallies Above $3,000 Ethereum price started a fresh increase above the…
This is a segment from The Breakdown newsletter. To read more editions, subscribe. “I wish upon you ample doses of pain and suffering.” — Jensen Huang, on building resiliency The history of the world’s most valuable company is a study in how improbable its survival was, let alone its success. In The Nvidia Way, Tae Kim tells the story of how Nvidia, founded in 1993, emerged from the small and volatile market for graphics chips — an industry in which everyone was always “thirty days from going out of business,” as Jensen Huang constantly reminded his employees. That was more…
JPMorgan predicts that the stablecoin market will reach a size of $500 billion by 2028. However, this forecast falls well short of optimistic expectations that the market value could be between $1 and $2 trillion in the same period. JPMorgan: Stablecoin Market Could Reach $500 Billion by 2028, But Expectations Are Overly Optimistic The report published on Thursday by the team led by JPMorgan strategist Nikolaos Panigirtzoglou drew a more cautious growth scenario for the future of the sector. According to the report, the main driver of stablecoin adoption is still crypto-native activities and large-scale payment integration is still limited.…
According to breaking news, cryptocurrency bills have cleared procedural hurdles in the House of Representatives. Following procedural setbacks earlier this week, the US House of Representatives has resumed its efforts to advance landmark legislation on cryptocurrency regulation. In a vote today, House members voted 215-211 to advance the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS), which would establish a framework for stablecoin regulation in the US. The GENIUS bill aims to establish a legal and regulatory foundation for stablecoins. It is expected to reach President Donald Trump’s desk this week. The House of Representatives has also voted…
Uniswap logs 1.2B+ swaps in 2024–2025, maintaining over 90M monthly swap average. Trading volume hits $73B in 30 days, showing strong on-chain user engagement. COO Mary-Catherine Lader resigns as SEC closes case with no enforcement action. The Uniswap decentralized exchange protocol recorded over 1.2 billion swaps in 2024 and the first seven months of 2025, highlighting a major rise in user activity. According to figures released by Uniswap Labs, the protocol saw 670,717,783 swaps in 2024 and 640,881,736 swaps so far in 2025. Number of swaps on the Uniswap Protocol Last year: 670,717,783This year: 640,881,736And we’re only 7 months in…
REI Network is excited to announce its groundbreaking collaboration with Metya to redefine the future of decentralized social networking in Web3. This synergy aims to empower Metya’s growing user base by introducing advanced speed, scalability, and cost efficiency. Moreover, the partnership strives to cement REI Network’s reputation as the foundational blockchain in the development of SocialFi. 🤝 REI Network x @metyacom Partnership AnnouncementWe’re thrilled to announce our official partnership with #Metya — world leading web3 AI social ecosystem!🌐This collaboration brings REI Network’s zero-fee, high-performance EVM-compatible blockchain to power Metya’s… pic.twitter.com/H4WwarJgDQ — REI Network｜From #GXChain! (@GXChainGlobal) July 16, 2025 REI Network,…