Europe's Crypto Firms Face Squeeze as MiCA Transition Period End Looms
In brief The EU’s MiCA transition period ends July 1, closing the window for crypto firms to operate under old national regimes without a bloc-wide...
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Crypto Tax Bills Face Pushback in House Committee Hearing
In brief A House hearing exposed divisions over six GOP crypto tax bills. Democrats questioned exempting staking and mining rewards from taxable income, arguing it...
Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?
Key takeaways: Over-leveraged Bitcoin short positions between $63,000 and $66,000 have created a potential $2.6 billion squeeze trap for bears. Negative perpetual funding rates indicate...
Hyperliquid Hit by UK FCA Warning as Crypto Perps Face Scrutiny
In brief The UK’s Financial Conduct Authority has listed Hyperliquid and Hyper Foundation as unauthorized. CME’s chief warned that crypto perps could be a “disaster...
Bitcoin miners face fresh pressure as BTC nears key support despite $1B May revenue
Bitcoin miners have entered June with revenue above $1 billion for the first time in four months, but falling Bitcoin prices are already putting renewed...
Crypto firms face July 1 EU cutoff as MiCA grace period ends
The European Union’s Markets in Crypto Assets Regulation hits a hard deadline on July 1 when the transitional period ends and in-scope crypto asset service...
Crypto exchanges face tough Brazil test as audit mandate arrives
Brazil’s central bank has added mandatory independent audits to the licensing approval process for crypto service providers in the country. Summary Brazil’s central bank will...
Crypto rules face 2030 Risk if CLARITY Act stalls, Lummis says
Senator Cynthia Lummis said Congress may not get another real chance to pass digital asset legislation until 2030 if the CLARITY Act fails. Summary The...
Crypto scammers face death, Aussie CGT makes Asian hubs attractive: Asia Express
Myanmar proposes life sentence or death for crypto scammers Myanmar’s new Anti-Online Fraud Bill states that anyone who is convicted of committing “digital currency fraud”...
Crypto miners in Moscow face new threat as Russia tightens rules
Russian officials have moved closer to a long-term shutdown of crypto mining in Moscow and nearby regions as lawmakers have advanced a separate bill to...