Recent headlines from the sources AlphaScala monitors. AlphaScala analysis is published in the main market section.
South Korea's 2027 crypto tax applies a 20% national rate plus local surcharges on gains above 2.5 million won. Lawmakers question the lack of loss carryforward deductions, while the government leaves room for post-implementation adjustments.
The crypto debit card operator halted its program after Kulipa shut down, cutting off the issuing infrastructure. Users await clarity on whether the suspension is temporary.
The BIS and 28 global banks moved $1M in 30 tokenized transactions with 80-second settlement, cutting the 24-72 hour window of traditional correspondent banking. Next testing phase runs through Q4 2026.
Sen. Blumenthal called crypto 'currency of choice for crooks' at a hearing, citing a romance scam victim. The CLARITY Act faces Democratic pushback.
The IRS warns of counterfeit tax letters targeting crypto holders, while Senator Lummis's X account was briefly hacked to promote a meme coin. Scammers exploit regulatory narratives.
Robinhood's event contracts surged tenfold to $156M in Q2, overtaking equities and crypto revenue. A new joint-venture exchange, Rothera, contributed $17M in its first partial quarter.
The Bank of Japan held rates at 1% but signaled more hikes ahead. For crypto traders, the yen carry trade mechanism means Bitcoin corrections of 18% to 32% have followed past BOJ increases.
Trump's $1.4B crypto holdings are the last hurdle for the CLARITY Act as Democrats push for tighter divestment rules.
The IRS warned investors about a new crypto scam delivered by physical mail. Criminals send fake letters directing victims to a phony "Digital Asset Compliance Portal." The agency said no such platform exists.
Polymarket odds on the CLARITY Act fell to 35% as the bill remains stalled a year after House passage. The lame-duck window from November to December is now the most likely passage date.
The CLARITY Act cleared the House 294-134 but Senate floor time was postponed until after summer recess. Thune cited nominations and Russia sanctions as higher priorities.
Grayscale Research argues onchain vaults, smart-contract credit portfolios, are Wall Street's next crypto adoption target, drawing parallels to the $1.5T CLO market. Adoption remains early: $7.26B TVL, down from $12.3B. Regulatory uncertainty in Congress is the key barrier.
MoonPay's PayBox vault lets users authorize ChatGPT and Claude to buy, swap, and bridge crypto, and pay for flights and goods, with passkey or autonomous controls.
Bessent urged the Senate to hold a vote on the CLARITY Act, saying the bill is 'floor-ready.' Tom Lee agreed, calling the legislation critically needed for U.S. crypto leadership.
Samsung SDS CEO Lee Jun-hee said the company will combine its IT services with Dunamu's blockchain expertise to lead South Korea's digital asset infrastructure market, building on existing tokenized securities and stablecoin work.
SoFi's Q2 net crypto revenue hit $1.2M, a 0.88% margin on $134M gross. The 39% sequential improvement from Q1 came after the Nov consumer launch. Profitability remains elusive.
Coinbase posted a $359.5M net loss after Q2 revenue of $1.22B missed consensus. Shares dropped 6% after hours. The stalled CLARITY Act is a risk.
The 616-page Senate merge adds a government ethics title, 25 AML sections, and a grandfather clause for BTC, ETH, XRP, SOL, and DOGE. Seven Democrats oppose the ethics provision. No cloture motion was filed before recess.
Coinbase reported $1.22B revenue, net loss $359M. Market share hit record 10.3% despite trading volume slump. CEO says company is no longer a bet on Bitcoin.
Stablecoin market cap dropped $10 billion in 10 weeks to a six-month low, the first contraction since 2022. The GENIUS Act's yield ban and a surge in tokenized Treasuries to $16 billion are driving capital out of USDT and USDC.
Coinbase shares fell 7% after the crypto exchange posted a wider-than-expected Q2 loss. Revenue dropped to $1.2 billion. CEO Armstrong says market share hit a record.
JPMorgan analysts warn that delayed crypto legislation risks shifting tokenization to incumbent infrastructure. SEC's Atkins says agency ready to act if Congress fails.
Binance.US CEO Stephen Gregory said the exchange will apply for CFTC contract market designation in August, aiming to offer event-based trading under federal supervision.
Seven to 10 Democrats ready to back the CLARITY Act could push the tally to the 60-vote threshold for passage. XRP ETF inflows signal compliance-minded positioning ahead.
Over 1 million Americans contacted their senators on the CLARITY Act. Fidelity endorsed it. The bill's odds sit at 27% after a Senate delay. Here is what comes next.
Sen. Richard Blumenthal called cryptocurrency the 'currency of choice for crooks' after a romance scam victim testified, deepening the political risk for the CLARITY Act.
Schumer introduced the Anti-Corruption Bureau Creation Act citing Trump's $1.4 billion crypto earnings, as the CLARITY Act stalls before Senate recess.
Senate Majority Leader John Thune said the Clarity Act won't pass before September. The bill's three-tier token framework draws industry criticism.
A new OSC survey finds 25% of Canadian adults own crypto, up from 10% in 2023, but half skip registration checks. Coinbase expansion and an ATM ban test the regulatory balance.
Treasury Secretary Scott Bessent pushes Senate to vote on CLARITY Act NOW before August recess, warning delays cede crypto lead. Law enforcement backs bill but two sections stall bipartisan deal.