Illinois lawmakers approve crypto tax with felony penalties
According to a fiscal year 2027 budget bill passed by the Illinois General Assembly, the state is moving forward with a new tax on cryptocurrency transactions that would apply to digital asset brokers operating in Illinois. Summary Illinois lawmakers approved…
Travala launches AI hotel booking protocol that kills checkout pages
Travala has launched an AI-powered hotel booking protocol that gives agents access to more than 2.2 million properties and enables near-instant USDC payments on Base for about $0.01 per booking. Summary Travala launched Travel MCP, allowing AI agents to search,…
Top US Banks to Launch Tokenized Deposit Network: Report
The planned network aims to connect traditional banking rails with blockchain infrastructure for around-the-clock settlement capabilities. The biggest banks on Wall Street are reportedly going to launch a tokenized deposit network in the first half of 2027. The effort…
Zcash price plunges 50% amid bug fallout and Hayes selloff, can whales reverse the trend?
Zcash has plunged nearly 50% from its recent high after disclosure of a critical network vulnerability triggered panic selling, forced liquidations, and the exit of one of the privacy coin’s most prominent supporters. Summary Zcash plunged nearly 50% after disclosure…
Brad Sherman slams stablecoin tax refunds as tax evasion tool
Brad Sherman has criticized proposals to distribute government payments through stablecoins, warning during a congressional hearing that such a system could support tax evasion while lawmakers simultaneously advance several new crypto tax proposals. Summary Rep. Brad Sherman criticized proposals to…
Solana Just Proposed Cutting $1.5 Billion in Token Emissions in Half the Time, Is This the Supply Shock SOL Needs?
A new Solana governance proposal called SIMD-0550 aims to double the speed at which the network’s inflation rate is. It targets to eliminate $1.5 billion in future SOL token emissions at current prices and compresses the timeline to reach the…
BNP Paribas warns inflation threat could trigger three Fed hikes
BNP Paribas has forecast three Federal Reserve rate hikes beginning in December, citing stronger-than-expected U.S. employment data and rising inflation pressures that the bank links in part to the ongoing U.S.-Iran conflict. Summary BNP Paribas expects the Fed to deliver…
$62Bn Vanished: Is the Bitcoin Corporate Treasury Meta Dead?
In Bitcoin news today, publicly traded companies built around holding BTC as their core reserve asset have shed $62Bn in combined market value since early October, with the total capitalization of these firms collapsing from $134Bn to approximately $72Bn, according…
House Committee unveils crypto tax plan that could reshape DeFi
The U.S. House Ways and Means Committee has released seven crypto tax discussion drafts that would introduce new rules for decentralized finance lending, stablecoin payments, staking rewards, and other digital asset transactions ahead of a June 9 congressional hearing. Summary…
SEC Crypto News: Can Bittrex Wipe Out Its Regulatory Penalties?
In SEC crypto news today, the US regulatory body has filed a formal opposition in the US District Court for the Western District of Washington, fighting to preserve a $24M judgment against Bittrex: a penalty covering $14.4M in disgorgement, $4M…
