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Hyperliquid's platform faces scrutiny after a series of high-leverage trades raise suspicions of money laundering and illicit activities, possibly involving stolen funds or hackers.
Kaspa (KAS) has surged 15% after hitting a two-year low, supported by strong trading volume and a shift in market sentiment. If support at $0.065 holds, KAS could see further gains.
Strict U.S. regulations led to crypto airdrop restrictions, costing American users billions. With firms relocating overseas, tax losses continue to rise.
AI agents are surging in growth without the need for tokens, as free and open-source solutions dominate the market. Critics argue that tokenized AI projects often lack substance.
More than half of Ethereum holders are currently at a loss due to its price drop. Despite market struggles, trends suggest potential for recovery.
The market selloff is heavily tied to the increased correlation between equities and crypto, as crypto-friendly institutions are going more risk-off
XRP's price holds steady above $2.00 but faces ongoing challenges with declining investor participation and weak market momentum, making a recovery uncertain.
- 09:07Japanese AI Firm Quantum to Invest up to 3,000 Bitcoins, Over 50 Billion Yen, Within 12 MonthsOdaily Planet Daily News: Japanese listed company Quantum Solutions has announced plans to invest up to 3,000 bitcoins (approximately 53.85 billion yen) over the next 12 months, officially entering the cryptocurrency sector. The company stated that this move aims to respond to the global expansion of the crypto market and the growing adoption of Bitcoin as "digital gold," while also diversifying assets, reducing exchange rate risks, and hedging against inflation. Quantum plans to make an initial investment of about 1.48 billion yen and will gradually implement the plan using borrowed funds. If the target is achieved, the company will become one of the Japanese listed firms with the largest bitcoin holdings.
- 09:02Forbes: US Stablecoins Still Taxed as Property, GENIUS Act Does Not Alter Tax RulesAccording to Foresight News, Forbes reports that although the United States recently passed the GENIUS Act, the IRS still treats digital assets as property, and the key tax rules for traders and investors remain unchanged. The GENIUS Act imposes strict reserve, audit, and disclosure requirements on U.S. stablecoin issuers, including 1:1 asset backing and monthly financial attestations. However, the act does not reclassify stablecoins for tax purposes.
- 09:02Tether Assists US Authorities in Freezing and Reissuing Approximately $1.6 Million USDT Linked to BuyCash WalletsForesight News reports that Tether has assisted U.S. authorities in freezing and reissuing approximately $1.6 million USDT from wallets associated with Buy Cash Money and Money Transfer Company (BuyCash). BuyCash has previously been linked to terrorist financing activities. To date, Tether has frozen over $2.9 billion USDT related to illegal activities and has assisted more than 275 law enforcement agencies across 59 jurisdictions.