Category: Crypto Insights

Illinois lawmakers pass 0.2% crypto transaction tax with felony penalties for brokers Illinois is on the verge of becoming the first U.S. state to impose a dedicated tax on cryptocurrency transactions, after lawmakers approved a new levy targeting digital asset brokers as part of the state’s latest budget package. Folded into a $56 billion fiscal…

Forward Industries dumps $32M in SOL: Is Solana’s latest 9% slide the beginning of a deeper fall? Solana’s native token has come under heavy pressure, with SOL dropping more than 9% over the last 24 hours and extending its weekly losses to over 21%. Despite the sharp correction, trading activity remains intense: daily volume is…

Artificial Superintelligence Alliance [FET] drops 18% in a day: Is the correction over or just starting? The token of the Artificial Superintelligence Alliance (FET) has just endured a sharp setback, shedding almost 18% in 24 hours and wiping out a sizeable portion of its latest relief rally. Volatility has surged over the past two weeks,…

NEAR drops 24% after Arthur Hayes exit, but dip buyers hold the line Arthur Hayes’ decision to completely unwind his NEAR position injected a fresh wave of uncertainty into an already fragile market for AI-linked crypto assets. The former BitMEX CEO justified his exit by pointing to stretched AI-related valuations in traditional markets and the…

‘Looksmaxxing’ Craze Fuels $100M Peptide Gray Market Paid in Bitcoin and Stablecoins, Says Chainalysis A fast-expanding gray market for experimental peptides has quietly become one of the most active niches in crypto payments, according to a new report from blockchain analytics firm Chainalysis. The sector, driven by a youth-oriented “looksmaxxing” trend focused on extreme self-optimization…

Republican Proposal Would Extend Congressional Stock Trading Ban to Prediction Markets A leading House Republican wants to ensure that members of Congress cannot sidestep a potential stock trading ban by speculating on politics through prediction markets. Rep. Bryan Steil of Wisconsin, chair of the House Administration Committee, said he plans to modify a pending congressional…

AI is no longer just a tool that helps humans build software-it is increasingly the main developer in the loop. According to a new report from Anthropic, the company behind the Claude family of models, artificial intelligence is already designing and improving the very systems that power it. And in this new landscape, the limiting…

JPMorgan and Major U.S. Banks Plot Tokenized Deposit Network for 2027 as Stablecoin Pressure Mounts America’s biggest banks are quietly building the foundations of a new blockchain-based payment era. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other leading institutions are backing a shared tokenized deposit network scheduled to go live in the first…

CME Group CEO Terry Duffy is sounding the alarm over the rapid rollout of U.S.-regulated cryptocurrency perpetual futures, warning that the instruments amount to “a disaster waiting to happen” for investors and potentially for the broader market structure. Speaking at Piper Sandler’s Global Exchange & Fintech conference on June 4, Duffy sharply criticized the Commodity…

Chainalysis uncovers $100 million peptide boom powered by crypto payments The fast-growing market for peptide-based enhancement products has quietly crossed a $100 million annual run-rate, and it is being fueled largely by cryptocurrency. According to a new report from blockchain analytics firm Chainalysis, sales of peptides funded with crypto hit $32 million in the first…