📰 Brazil industry giants representing 850 companies decry stablecoin tax threat
Brazil’s leading cryptocurrency and fintech industry groups have warned that expanding a financial transaction tax to stablecoin operations could harm innovation and violate existing law.
In a joint statement shared with CoinDesk, industry associations ABcripto, ABFintechs, Abracam, ABToken and Zetta said recent discussions about extending a tax on financial operations (locally known as Imposto sobre Operações Financeiras, or IOF) to stablecoin transactions raise legal and economic concerns.
🔗 Source: CoinDesk
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Brazil’s leading cryptocurrency and fintech industry groups have warned that expanding a financial transaction tax to stablecoin operations could harm innovation and violate existing law.
In a joint statement shared with CoinDesk, industry associations ABcripto, ABFintechs, Abracam, ABToken and Zetta said recent discussions about extending a tax on financial operations (locally known as Imposto sobre Operações Financeiras, or IOF) to stablecoin transactions raise legal and economic concerns.
🔗 Source: CoinDesk
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📰 Wall Street pushes tokenized stocks, but institutions aren’t eager to trade them
Wall Street is racing toward tokenized equities and 24/7 trading, but many institutional investors are wary of the instant settlement model.
Tokenization refers to representing traditional assets such as stocks on blockchain networks. In theory, the approach could modernize market infrastructure that dates back decades, allowing securities to move and settle instantly while potentially enabling 24/7 trading.
🔗 Source: CoinDesk
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Wall Street is racing toward tokenized equities and 24/7 trading, but many institutional investors are wary of the instant settlement model.
Tokenization refers to representing traditional assets such as stocks on blockchain networks. In theory, the approach could modernize market infrastructure that dates back decades, allowing securities to move and settle instantly while potentially enabling 24/7 trading.
🔗 Source: CoinDesk
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📰 Boris Johnson calling Bitcoin a ‘Ponzi’ draws rebuttal from Michael Saylor and others
Former U.K. Prime Minister Boris Johnson has called bitcoinBTC$71,620.77a “giant Ponzi scheme,” prompting a swift rebuttal from Strategy chairman Michael Saylor and other netizens.
In a columnpublishedin theDaily Mailandpostedon social media platform X, Johnson wrote that he had long suspected cryptocurrencies relied on “a supply of new and credulous investors” rather than real value. He pointed to a story from his village in Oxfordshire about a retired man who handed £500 ($661) to someone in a pub who promised to double the money through bitcoin.
🔗 Source: CoinDesk
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Former U.K. Prime Minister Boris Johnson has called bitcoinBTC$71,620.77a “giant Ponzi scheme,” prompting a swift rebuttal from Strategy chairman Michael Saylor and other netizens.
In a columnpublishedin theDaily Mailandpostedon social media platform X, Johnson wrote that he had long suspected cryptocurrencies relied on “a supply of new and credulous investors” rather than real value. He pointed to a story from his village in Oxfordshire about a retired man who handed £500 ($661) to someone in a pub who promised to double the money through bitcoin.
🔗 Source: CoinDesk
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📰 Hoskinson might be wrong about the future of decentralized compute
The blockchain trilemma reared its head once more atConsensus in Hong Kongin February, to some extent, putting Charles Hoskinson, the founder of Cardano,on the back foot– having to reassure attendees that hyperscalers like Google Cloud and Microsoft Azure arenota risk to decentralisation.
The point was made that major blockchain projectsneedhyperscalers, and that one shouldn’t be concerned about a single point of failure because:
🔗 Source: CoinDesk
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The blockchain trilemma reared its head once more atConsensus in Hong Kongin February, to some extent, putting Charles Hoskinson, the founder of Cardano,on the back foot– having to reassure attendees that hyperscalers like Google Cloud and Microsoft Azure arenota risk to decentralisation.
The point was made that major blockchain projectsneedhyperscalers, and that one shouldn’t be concerned about a single point of failure because:
🔗 Source: CoinDesk
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📰 AI agents are quietly rewriting prediction market trading
Prediction markets have long promised to aggregate insights about future events. Increasingly, those signals are coming not just from people, but from machines.
According to David Minarsch, CEO and co-founder of Valory AG, the team behind the crypto-AI protocol Olas, autonomous AI agents are emerging as powerful tools for trading prediction markets, particularly for retail users trying to compete in an increasingly automated environment.
🔗 Source: CoinDesk
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Prediction markets have long promised to aggregate insights about future events. Increasingly, those signals are coming not just from people, but from machines.
According to David Minarsch, CEO and co-founder of Valory AG, the team behind the crypto-AI protocol Olas, autonomous AI agents are emerging as powerful tools for trading prediction markets, particularly for retail users trying to compete in an increasingly automated environment.
🔗 Source: CoinDesk
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📰 Metaplanet raises $255 million to accelerate bitcoin accumulation
Japanese bitcoin treasury firm Metaplanet (3350) saidit raised about 40.8 billion yen($255 million) from global institutional investors through a placement of new shares, part of a financing structure that could provide up to $531 million in total capital to support its bitcoin accumulation strategy.
TheTokyo-listed companypriced the new shares at a 2% premium to the market price. The placement was paired with fixed-strike warrants carrying a 10% premium, which could generate an additional 44.5 billion yen if exercised.
🔗 Source: CoinDesk
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Japanese bitcoin treasury firm Metaplanet (3350) saidit raised about 40.8 billion yen($255 million) from global institutional investors through a placement of new shares, part of a financing structure that could provide up to $531 million in total capital to support its bitcoin accumulation strategy.
TheTokyo-listed companypriced the new shares at a 2% premium to the market price. The placement was paired with fixed-strike warrants carrying a 10% premium, which could generate an additional 44.5 billion yen if exercised.
🔗 Source: CoinDesk
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📰 U.S., UK, Canada start Operation Atlantic to disrupt crypto approval-phishing scams
Law enforcement agencies from the U.S., U.K. and Canada started a joint initiative called Operation Atlantic aimed at disrupting cryptocurrency fraud schemes known as approval-phishing attacks, theOntario Securities Commission (OSC) said Monday.
The scams work by prompting victims to approve malicious wallet permissions through fake alerts or pop-ups that appear to come from trusted apps or services, the OSC said. Once access is granted, criminals gain control of the wallet and can transfer funds. Because blockchain transactions cannot be reversed, recovery becomes difficult once assets leave a victim’s account.
🔗 Source: CoinDesk
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Law enforcement agencies from the U.S., U.K. and Canada started a joint initiative called Operation Atlantic aimed at disrupting cryptocurrency fraud schemes known as approval-phishing attacks, theOntario Securities Commission (OSC) said Monday.
The scams work by prompting victims to approve malicious wallet permissions through fake alerts or pop-ups that appear to come from trusted apps or services, the OSC said. Once access is granted, criminals gain control of the wallet and can transfer funds. Because blockchain transactions cannot be reversed, recovery becomes difficult once assets leave a victim’s account.
🔗 Source: CoinDesk
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📰 Bitmine buys 60,999 ether as Tom Lee touts crypto strength amid Iran war
Bitmine Immersion Technologies (BMNR), the largest ether-focused treasury firm, bought 60,999 ether (ETH) last week as it continues to build up its holdings of the second-largest cryptocurrency by market capitalization.
In token terms, the purchase was the company's biggest this year, though only a small increase from the previous week's 60,976 ETH haul.
🔗 Source: CoinDesk
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Bitmine Immersion Technologies (BMNR), the largest ether-focused treasury firm, bought 60,999 ether (ETH) last week as it continues to build up its holdings of the second-largest cryptocurrency by market capitalization.
In token terms, the purchase was the company's biggest this year, though only a small increase from the previous week's 60,976 ETH haul.
🔗 Source: CoinDesk
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📰 CoinDesk 20 performance update: Ethereum (ETH) price jumps 8.8%, leading index higher
CoinDesk Indicespresents its daily market update, highlighting the performance of leaders and laggards in theCoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2140.46, up 5.1% (+104.17) since 4 p.m. ET on Friday.
🔗 Source: CoinDesk
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CoinDesk Indicespresents its daily market update, highlighting the performance of leaders and laggards in theCoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2140.46, up 5.1% (+104.17) since 4 p.m. ET on Friday.
🔗 Source: CoinDesk
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📰 Circle is up 100% in a month: Why this stablecoin stock is suddenly the hottest trade in crypto
Shares of stablecoin issuer Circle (CRCL) have surged more than 100% over the past month, turning what many investors once viewed as one of the most conservative corners of crypto into one of the market’s hottest trades.
The rally gained momentum Monday, with the stock climbing another 8% to $124.37, outpacing other crypto-linked equities. Meanwhile, Michael Saylor's Strategy (MSTR) and crypto exchange Coinbase (COIN) are up 23% and 8.5% in a month, respectively.
🔗 Source: CoinDesk
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Shares of stablecoin issuer Circle (CRCL) have surged more than 100% over the past month, turning what many investors once viewed as one of the most conservative corners of crypto into one of the market’s hottest trades.
The rally gained momentum Monday, with the stock climbing another 8% to $124.37, outpacing other crypto-linked equities. Meanwhile, Michael Saylor's Strategy (MSTR) and crypto exchange Coinbase (COIN) are up 23% and 8.5% in a month, respectively.
🔗 Source: CoinDesk
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📰 Crypto majors post double-digit weekly gains as bitcoin tests $75,000 ahead of Fed decision
BitcoinBTC$74,064.92briefly touched $75,912 early Tuesday before pulling back to $74,372, but the intraday volatility is less interesting than the weekly picture beneath it.
CoinDeskreported earlier Tuesdaythat the push above $75,000 was driven by derivatives activity rather than fresh buying, specifically the closure of large $60,000 put positions that forced market makers to buy spot bitcoin as they rebalanced.
🔗 Source: CoinDesk
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BitcoinBTC$74,064.92briefly touched $75,912 early Tuesday before pulling back to $74,372, but the intraday volatility is less interesting than the weekly picture beneath it.
CoinDeskreported earlier Tuesdaythat the push above $75,000 was driven by derivatives activity rather than fresh buying, specifically the closure of large $60,000 put positions that forced market makers to buy spot bitcoin as they rebalanced.
🔗 Source: CoinDesk
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📰 Mastercard agrees to buy stablecoin platform BVNK for up to $1.8 billion
Mastercard agreed to buy BVNK, a stablecoin infrastructure company, for as much as $1.8 billion as it looks to bolster its use of the digital assets for international payments.
By integrating BVNK’s technology, Mastercard aims to connect onchain payments to its global network, enabling use cases such as cross-border transfers, remittances and business-to-business payments, thecompany said Tuesday.
🔗 Source: CoinDesk
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Mastercard agreed to buy BVNK, a stablecoin infrastructure company, for as much as $1.8 billion as it looks to bolster its use of the digital assets for international payments.
By integrating BVNK’s technology, Mastercard aims to connect onchain payments to its global network, enabling use cases such as cross-border transfers, remittances and business-to-business payments, thecompany said Tuesday.
🔗 Source: CoinDesk
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📰 Citigroup cuts BTC and ETH targets as U.S. crypto legislation stalls
Wall Street investment bank Citigroup lowered its 12-month price targets for bitcoinBTC$74,493.24and ether (ETH), citing slower legislative momentum in the U.S., softer network activity, and reduced expectations for ETF inflows.
Citi now sees bitcoin reaching $112,000 and ether $3,175 over the next year, down sharply from prior forecasts of $143,000 and $4,304.
🔗 Source: CoinDesk
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Wall Street investment bank Citigroup lowered its 12-month price targets for bitcoinBTC$74,493.24and ether (ETH), citing slower legislative momentum in the U.S., softer network activity, and reduced expectations for ETF inflows.
Citi now sees bitcoin reaching $112,000 and ether $3,175 over the next year, down sharply from prior forecasts of $143,000 and $4,304.
🔗 Source: CoinDesk
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📰 U.S. regional banks building tokenized deposit network on ZKsync to rival stablecoins
A group of U.S. regional banks is developing the Cari Network, a tokenized deposit platform built on ZKsync, a layer-2 network, as lenders seek a regulated path to modernize digital payments.
The network,announced Tuesday, is being developed with banks including Huntington Bancshares, First Horizon, M&T Bank, KeyCorp and Old National Bancorp. It’s designed to let banks turn customer deposits into digital tokens that can move instantly between institutions — without those funds ever leaving the banking system.
🔗 Source: CoinDesk
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A group of U.S. regional banks is developing the Cari Network, a tokenized deposit platform built on ZKsync, a layer-2 network, as lenders seek a regulated path to modernize digital payments.
The network,announced Tuesday, is being developed with banks including Huntington Bancshares, First Horizon, M&T Bank, KeyCorp and Old National Bancorp. It’s designed to let banks turn customer deposits into digital tokens that can move instantly between institutions — without those funds ever leaving the banking system.
🔗 Source: CoinDesk
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📰 U.S. Democrats target government officials gaming prediction markets on war action
Democratic lawmakers are trying to put a stop to potential manipulation of prediction markets by government officials who bet on events they know are happening, such as U.S. military actions, according to a new bill being introduced Tuesday.
The Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act would outlaw corrupt wagers from those who already know the outcome of matters including government action, terrorism, war, assassination and other events the bettor has inside knowledge of. It's backed by Senator Chris Murphy, a Connecticut Democrat on the Senate Foreign Relations Committee who has been a prominent critic of the administration of President Donald Trump, and Representative Greg Casar, a member of the House Committee on Oversight and Government Reform.
🔗 Source: CoinDesk
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Democratic lawmakers are trying to put a stop to potential manipulation of prediction markets by government officials who bet on events they know are happening, such as U.S. military actions, according to a new bill being introduced Tuesday.
The Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act would outlaw corrupt wagers from those who already know the outcome of matters including government action, terrorism, war, assassination and other events the bettor has inside knowledge of. It's backed by Senator Chris Murphy, a Connecticut Democrat on the Senate Foreign Relations Committee who has been a prominent critic of the administration of President Donald Trump, and Representative Greg Casar, a member of the House Committee on Oversight and Government Reform.
🔗 Source: CoinDesk
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