Bitwise wants to convert three cryptocurrency futures ETFs

The aim of the conversion is to minimise the impact of price volatility and improve returns.

ITS Crypto / Invest / Trade / Strategy

Bitcoin will update ATH in May-June 2025?

The data follows from the CoinMarketCap report. In the fourth cycle, bitcoin is significantly ahead of the usual trend, and as a result, the asset could update its all-time high 100 days ahead of schedule.

Bitcoin cycles are closely correlated with halving. In this case, the asset reaches a new ATH between 518 and 546 days since halving.

Following this trend, we can expect the asset to update the high in late 2025 or early 2026.

ITS Crypto / Invest / Trade / Strategy

Amir Taaki has announced the launch of the alpha version of DarkIRC 💡

The messaging service is positioned as ‘the world's most trusted anonymous chat service.’

The solution was created in response to ‘brutal censorship of cryptocurrency developers by authoritarian regimes,’ the programmer said.

Unlike traditional messengers that require registration or generate permanent identifiers, DarkIRC allows users to change pseudonyms at any time. Thus messages sent cannot be linked to a ‘permanent’ identity.

ITS Crypto / Invest / Trade / Strategy

Beijing Urged to Reconsider Strict Cryptocurrency Policies

Since 2013, China has been tightening regulations on the cryptocurrency market, and in 2021, it introduced a ban on mining and restricted access to banking services for cryptocurrency companies. These measures were aimed at protecting the country’s financial system from the volatility of crypto assets and the risks associated with money laundering.

However, more and more voices in the capital are calling for a reconsideration of this policy. Former Deputy Finance Minister Zhu Guangyao has proposed rethinking the approach to cryptocurrencies, noting that in a rapidly changing global financial landscape, it is becoming increasingly difficult to ignore digital assets.…

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UAE Abolishes VAT on Cryptocurrency Transactions and Transfers

The authorities of the United Arab Emirates have exempted cryptocurrency transactions from the 5% value-added tax (VAT). This decision caught the attention of PwC experts, as it strengthens the UAE’s position as one of the most attractive hubs for the cryptocurrency business.

“This measure puts digital assets on par with traditional financial instruments (TradFi), reinforcing the legitimacy of cryptocurrencies and promoting their further integration into the economy,” noted Ankita Dhawan, senior researcher at the Métis Institute. According to her, this step highlights the UAE’s ambition to become a leading hub for cryptocurrency technologies and financial innovations.

The VAT…

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Among altcoins the best results for September were shown by AVAX and DOGE

AVAX rose by 20.1%, driven by anticipation of a major update from the Avax Foundation called Avalanche9000. This update promises to significantly improve network performance and simplify the creation of dApps. Additionally, the foundation launched the “Retro9000” grant program, allocating $40 million to support developers and stimulate ecosystem growth.

DOGE gained 14.9%, once again influenced by Elon Musk’s posts on the social network X, which continue to impact the token’s popularity and price.

SOL lagged slightly but still showed a positive growth of 12%, linked to key updates presented at Solana Breakpoint 2024, including the implementation of ZK Compression,…

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Court Approves FTX Reorganization Plan

Delaware bankruptcy court judge John Dorsey approved the plan for distributing payments to creditors of the bankrupt cryptocurrency exchange FTX.

“Congratulations to everyone. This is a textbook case of how to handle very complex Chapter 11 bankruptcies,” Judge Dorsey stated.

The plan was supported by 94.48% of FTX clients with claims on assets valued at $6.83 billion. Approximately 98% of creditors will receive no less than 118% of their claims in fiat currency based on the rate at the time of the bankruptcy filing.

According to the official press release, the total value of accumulated assets will range…

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Uber to introduce AI assistant for drivers

At the GO-GET Zero event in London, Uber announced the launch of an AI assistant for drivers, powered by GPT-4 from OpenAI.

Initially, the assistant will focus on answering questions related to electric vehicles, helping drivers find charging stations and recommending the best models to buy. In the future, its functionality will expand to other uses.

The AI assistant will be accessible from the main screen of the Uber app for drivers. The chatbot will receive regular updates, providing personalized responses based on the driver’s needs and their city.

This initiative aims to encourage the use of electric vehicles,…

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Scroll announces the launch of the SCR token and airdrop

On October 22, the Layer 2 platform Scroll, based on ZK-Rollups technology, will launch the SCR token and conduct its airdrop.

According to the announcement, 1 billion SCR tokens will be issued, and the snapshot for participation in the airdrop will take place on October 19.

The project’s tokenomics are as follows:

- 15% of the tokens will be distributed through airdrops (7% of which in the upcoming airdrop);
- 35% are allocated for ecosystem development;
- 10% will go to the Scroll Foundation treasury;
- 23% are allocated to the team with a one-year lockup and four-year vesting…

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U.S. regulators have collected at least $32 billion from cryptocurrency companies

This was done as part of settlements related to regulatory compliance claims, according to a report by CoinGecko.

The total amount does not include personal fines imposed by the Commodity Futures Trading Commission (CFTC) on company executives.

A record sum of $19.45 billion was collected in 2024, with a significant portion of this amount being a $12.7 billion payment from FTX and Alameda. These funds will be used to settle creditors’ claims totaling $11.2 billion.

This year, regulators also received $4.5 billion as part of a settlement with Terraform Labs. Other major fines include Binance with $4.3 billion and…

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Only 13.6% of Polymarket users made a profit

According to data from Layerhub, only 13.6% of users on the Polymarket prediction platform made a profit, with most earning less than $100. In absolute terms, this represents 24,565 wallets, while the remaining 86.4%, or 156,010 users, incurred losses.

Among those who managed to make a profit, only 2,146 wallets earned more than $1,000, while the majority made less than $100. A total of 7,465 wallets fell into the $100 to $1,000 earnings category, indicating that most users either suffered minor losses or saw modest gains.

Polymarket facilitated approximately 10.8 million transactions, with daily transaction growth exceeding 300,000 between…

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Bitcoin fell below $60,000 last night

In just one hour, $63,000,000,000 worth of long positions were liquidated.

ITS Crypto / Invest / Trade / Strategy

Stripe adds USDC and USDP payment options

Stripe has expanded its payment capabilities by adding stablecoins USDC and USDP as payment options on the checkout page, Bloomberg reports.

On the first day alone, customers from more than 70 countries used the service.

“We focus on the needs of online businesses, and it’s important for them to attract more customers with minimal costs. Stablecoins show potential in achieving this goal,” said Stripe’s Head of Product, Jeff Weinstein.

Stripe announced the integration of stablecoins in April.

USDC is supported on Ethereum, Solana, and Polygon, while USDP is supported on Ethereum and Solana. Payments in these currencies are…

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Tezos Stakers File Another Lawsuit Against the US Tax Authority

Tezos validator Josh Jarrett and his wife Jessica from Tennessee have filed a new lawsuit against the IRS, challenging the taxation of tokens generated through staking.

In their complaint, the couple argues that such assets should be treated as newly created property, with tax obligations arising only upon sale.

They compared the staking tokens to a “farmer’s harvest, an author’s manuscript, or a manufacturer’s product,” which are not taxed until sold.

The Jarretts are seeking a change in the IRS rule that requires staking rewards to be taxed at their presumed market value as soon as they are received.…

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