Author: Coindesk

“It’s almost an American tradition at this point to say that there’s more than one way to do it,” he said. “You see this in a variety of angles, whether it’s policing, elections, banking, all of these are kind of intertwined where you’re under a dual sovereign situation, and in many ways it’s like an instantiation of the crypto ethos of decentralization. And I actually think it’s quite beautiful that there’s not just one way that you can answer a particular question.” Read the full article here

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The BIS did not single out any nation in particular but cautioned advanced economies from running fiscal deficits larger than 1% of the gross domestic product (GDP) this year, down from 1.6% in 2023. The warning could not have been more timely as several nations, including the U.S., go to polls this year, where by governments typically boost spending to garner voter support. Read the full article here

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Notably, the decline has pushed prices well below the widely tracked aggregate cost basis of short-term bitcoin holders, or wallets storing cost for 155 days or less. As of writing, the aggregate cost basis for short-term holders was $65,000, according to data source LookIntoBitcoin. Onchain analytics firms consider realized price as the aggregate cost basis, reflecting the average price at which coins were last spent on-chain. Read the full article here

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In a late Friday order, Judge Amy Berman Jackson, of the District Court for the District of Columbia, ruled that the SEC’s charges against Binance for the initial coin offering and ongoing sales for BNB, BNB Vault, staking services, failure to register and fraud charges can proceed. She granted Binance and Zhao’s motion to dismiss charges tied to secondary BNB sales and Simple Earn. Read the full article here

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The IRS said it tried to avoid some burdens on users of stablecoins, especially when used to buy other tokens and in payments. Basically, a normal crypto investor and user who doesn’t earn more than $10,000 on stablecoins in a year is exempted from the reporting. Stablecoin sales – the most frequent in the crypto markets – will be tallied collectively in an “aggregated” report rather than as individual transactions, the agency said, though more sophisticated and high-volume stablecoin investors won’t qualify. The agency said that these tokens “unambiguously fall within the statutory definition of digital assets as they are…

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Solana’s SOL token has outperformed Ethereum’s ETH token this week after New York-based investment management firm VanEck filed an S-1 registration statement for its VanEck Solana Trust. “We believe the native token, SOL, functions similarly to other digital commodities such as bitcoin and ETH,” VanEck’s head of digital assets research, Matthew Sigel, wrote in a post on X arguing that SOL is a commodity, not a security. The consensus is that CME futures are a prerequisite for ETF approval, which SOL currently does not have. Meanwhile, ether futures have been trading on the CME for some time and spot ether…

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The Czech Republic, Republic of Cyprus, Estonia, Netherlands, Poland, Slovakia and Spain held elections last year. Denmark, Hungary, Slovenia, Latvia and Sweden should have elections in 2026. Malta and Italy are meant to have their elections in 2027, when France will hold its next presidential election. Read the full article here

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“Given that CME-traded solana futures don’t currently exist, it seems the only viable path for spot solana ETF approval would be the implementation of a legitimate crypto regulatory framework that clearly defines which crypto assets are securities versus commodities – or for the SEC to agree with solana being designated as a non-security commodity,” said Nate Geraci, president of the ETF Store, an investment advisory firm. Read the full article here

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