Sony Bank plans a USD-pegged stablecoin for U.S. users via a proposed OCC-chartered crypto trust, drawing ICBA pushback and fresh scrutiny of stablecoins’ impact on banks. Summary Sony Bank aims to issue a 1:1 USD stablecoin for payments in its gaming and anime ecosystems from fiscal 2026, cutting card fees on subscriptions. Its Connectia Trust…
WhiteBIT has launched WhiteBIT US, a licensed New York–based exchange offering spot trading and ramps, with plans to expand services and hiring across all 50 states. Summary WhiteBIT US starts with spot, instant exchange, and on/off-ramps, and plans fiat integration, institutional KYB onboarding, custody, and liquidity products. The U.S. launch aligns with WhiteBIT’s seventh anniversary…
Israel plans stricter stablecoin oversight and pushes ahead with a digital shekel roadmap to secure payments infrastructure while adapting to fast-growing private crypto use. Summary Bank of Israel flags $300B+ stablecoin market and $2T monthly volumes, warning that reliance on Tether and Circle creates systemic risks. Officials want 1:1, highly liquid reserves and stronger regulation…
Crypto users can trim tax bills by deducting eligible fees, tools, and operating costs, strategically harvesting losses, and using long-term holds and donations to reduce taxable gains, subject to jurisdiction rules and documentation requirements. Summary Individual traders may deduct trading, gas, and transfer fees plus costs for tax and portfolio software, professional advice, and security…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The cold reality is that many digital asset treasuries, or DATs, are bad exchange-traded funds. They are struggling companies trying to bump their share price and salvage their hemorrhaging balance sheets. Summary…
Kamirai launches a VC-free, community-governed Web3 ecosystem combining its Kamirex DEX for Asian markets with a dark fantasy console RPG where players own on-chain assets. Summary Kamirai offers order matching and liquidity pools for cross-chain transfers, targeting Asian crypto traders under a decentralized governance model. The Kamirai Federation is an action-RPG for PlayStation and Xbox,…
MiCA license in Austria lets KuCoin offer regulated crypto services across 29 EEA states, boosting its compliance, security standards, and EU market reach. Summary KuCoin’s Austrian MiCA license allows trading, custody, and other digital asset services across 29 EEA countries under a unified EU regime. The approval aligns with KuCoin’s broader “$2 billion Trust Project,”…
Bitcoin sank at Asia’s open, triggering leveraged liquidations and a broad crypto selloff as gold rallied and macro uncertainty fueled a sharp, volatile reset. Summary Bitcoin dumped from weekend levels at the Asian open, sparking forced long liquidations and a broad crypto market drawdown. Gold rallied as macro and Fed-policy uncertainty pushed some capital toward…
Switzerland will adopt the crypto-asset reporting framework in law from 2025 but delay automatic cross-border crypto tax data-sharing until at least 2027. Summary Swiss authorities will incorporate the crypto-asset reporting framework into national law on January 1 but postpone practical implementation by at least one year. The delay stems from suspended talks on which partner…
Dogecoin trades below a firm descending resistance line, with repeated failed rallies, bearish momentum and extreme fear keeping downside continuation the base case. Summary Price sits well below major moving averages, with lower highs, persistent bearish momentum and elevated volatility signaling trend deterioration. Each rally into the descending resistance line is met with strong selling,…
