The crypto exchange advocated for two key changes to US tax law affecting crypto users to “eliminate millions of unnecessary forms.” Cryptocurrency exchange Kraken called for a change in US tax policy after reporting millions of cases of transactions “worth less than $1” as part of its reporting requirements for 2025. In a Wednesday blog…
Ethereum’s record 32.33% staking ratio is shrinking liquid supply, reducing sell pressure and potentially supporting an ETH price recovery over time. Ether (ETH) has fallen about 5.5% against Bitcoin (BTC) over the past week, and a bearish continuation setup now points to the risk of deeper losses ahead. Key takeaways: Ether’s bear flag risks 10%…
Robinhood Ventures Fund I (RVI), a publicly traded closed-end fund that offers retail investors access to private equity investments, announced a $75 million investment in OpenAI. The company announced on Wednesday that it purchased $75 million of the AI developer’s common stock, which will be used as the underlying asset to give Robinhood clients price…
In brief The Ronin blockchain will migrate to Ethereum layer-2 on May 12 after four years as a sidechain. RON token inflation will drop dramatically from over 20% to less than 1%. Ronin’s token is down nearly 98% from peak, reflecting flagging momentum across the crypto gaming industry. Ronin, the gaming-focused blockchain that powers games…
In brief SpaceX says orbital AI data centers may not become commercially viable. Elon Musk has called space-based AI computing “a no-brainer.” The filing also warns that Starship delays could slow the company’s growth. SpaceX is warning investors that one of Elon Musk’s most ambitious artificial intelligence bets—putting data centers in orbit—may never become a…
In brief OpenAI released Privacy Filter under Apache 2.0 on GitHub and Hugging Face. The 1.5 billion-parameter model runs locally and masks names, addresses, and passwords. It hits 96% F1 on the standard PII-Masking-300k benchmark out of the box. Every day, millions of people paste things into ChatGPT they probably shouldn’t. Tax returns. Medical records….
In brief Shares in Keel Infrastructure (KEEL) and Hive Digital Technologies (HIVE) have jumped on Wednesday. Both firms announced advancements in their growing AI plans as they distance themselves from Bitcoin mining. Bitcoin has risen about 4% in the last 24 hours to trade near $79,000. Shares in publicly traded Bitcoin miners turned AI-focused data…
In brief GSR rolled out a new actively managed multi-asset ETF that trades on the Nasdaq exchange as BESO. The fund will rebalance weekly positions of Bitcoin, Ethereum, and Solana, with staking rewards for investors. BESO is designed to suit both institutional and retail investors looking for crypto exposure. Crypto market maker GSR launched its…
In brief Russia’s State Duma passed comprehensive crypto regulation in its first reading. The bill classifies cryptocurrency as property, enabling legal protection in court proceedings. Cross-border crypto transactions are permitted; domestic payments remain prohibited. Russia’s State Duma passed a comprehensive crypto regulation bill in its first reading, establishing the country’s first formal framework for digital…
Security researchers have linked a new macOS malware campaign to the Lazarus Group, the North Korea-linked hacking operation behind some of the crypto industry’s biggest thefts. Flagged on Tuesday, the new “Mach-O Man” malware kit is distributed via “ClickFix” social engineering schemes across traditional businesses and crypto companies, according to Mauro Eldritch, offensive security expert…