Author: James Wilson
Paybis said more companies now use stablecoins for international payments, based on a report released at Money20/20 Europe in Amsterdam. Summary Stablecoins now make up 86% of Paybis crypto volume, showing payment use is rising fast. B2B clients drove 97.8% of stablecoin volume through April, with cross-border payments leading demand growth. Survey data shows cost and speed confusion may slow adoption despite clear business use cases. The crypto platform, which says it serves 7 million users, presented the data as payment firms and banks met at the conference. The company said 22.5% of surveyed businesses already use stablecoins for cross-border…
Cardano founder Charles Hoskinson has warned that more businesses could disappear from the network after analytics platform TapTools announced it was shutting down operations amid worsening economic conditions across the ecosystem. Summary Charles Hoskinson warned that more Cardano projects could fail following the shutdown of analytics platform TapTools. TapTools cited rising operating costs, while Hoskinson pointed to weak market conditions and funding challenges. ADA traded near $0.20, with key support at $0.22 and deeper downside risks if the level breaks. In a video published on his YouTube channel, Hoskinson said the closure of TapTools is likely not an isolated event.…
Worldcoin price has surged over 40% since late May after whale activity and network growth climbed to their highest levels of 2026, strengthening the case for a move toward the next major resistance zone near $0.65. Summary Worldcoin has surged more than 40% since late May as whale transactions, active addresses, and new wallet creation climbed to 2026 highs. A breakout from a multi-month descending triangle has pushed WLD above $0.54 and brought the $0.65 resistance zone into focus. Growing World App activity and renewed interest in AI-related tokens have supported demand despite weakness across the broader crypto market. According…
Israeli tax authorities have received far fewer crypto tax corrections than expected under a voluntary disclosure program that offers criminal immunity to eligible taxpayers. Summary Israel’s crypto tax disclosure program has received only 58 filings despite expectations of up to $1 billion in revenue. Globes reported that disclosures have covered about $50 million in crypto capital, far below official expectations. The program offers criminal immunity to eligible taxpayers who correct reports and pay taxes before Aug. 31, 2026. A tax expert told Globes that the lack of an anonymous first stage may be discouraging crypto holders from filing. According to…
Dogecoin has returned to a historically watched on-chain accumulation area after a drop of more than 5% on Wednesday renewed pressure on the meme coin. Summary Dogecoin dropped more than 5% as selling pressure pushed DOGE back near a key long-term CVDD accumulation zone. Alphractal said DOGE’s lower CVDD band near $0.10 to $0.11 has appeared before major historical rallies. Ali Martinez said the TD Sequential flashed a DOGE buy signal as other analysts watched for a possible breakout. According to Alphractal, Dogecoin is now trading close to the lower area of its CVDD Channel, a model the analytics firm…
EdgeX has said it will compensate users who suffered realized losses after a sharp EDGE token sell-off triggered liquidations and stop-loss orders on its perpetual futures platform. Summary EdgeX will compensate affected users who suffered realized losses from EDGE long liquidations and stop-loss triggers. EdgeX said 174 addresses flooded a PancakeSwap pool with sell orders during thin liquidity. ZachXBT questioned edgeX’s explanation and urged the platform to disclose its market-maker agreements. According to edgeX’s Wednesday post on X, the platform will offer “goodwill care payments” to eligible users affected during the EDGE market disruption on June 2 between 04:50 and…
The Blockchain Association has come under scrutiny after a pro-crypto market structure letter to U.S. Senate leaders included several former law enforcement officials who now work for major digital asset firms. Summary The Blockchain Association sent a CLARITY Act support letter to Senate leaders, signed by 160 former security and law enforcement officials. The group said clear crypto rules would strengthen U.S. oversight, consumer protection, and investigations into bad actors. Coinbase-linked names on the letter raised questions about whether industry lobbying was presented as independent law-enforcement support. Crypto policy advocate Alexander Grieve defended the signatories, saying that current crypto jobs…
Senator Cynthia Lummis has accused JPMorgan Chase CEO Jamie Dimon of misrepresenting the Clarity Act after his sharp attack on Coinbase CEO Brian Armstrong and on crypto market-structure legislation. Summary Cynthia Lummis criticized Jamie Dimon for his remarks about Coinbase CEO Brian Armstrong and the Clarity Act. Lummis said Dimon either had not read the bill or wanted to mislead people about its contents. Jamie Dimon argued that the Clarity Act lacks strong protections for stablecoins and crypto deposits. CNBC reported that Lummis, who chairs the Senate Banking Subcommittee on Digital Assets, pushed back during an interview after Dimon argued…
Winklevoss twins have transferred 1,000 Bitcoin worth about $67.5 million to a Gemini-linked hot wallet, drawing attention as Bitcoin trades near multi-month lows amid escalating market pressure. Summary Winklevoss twins moved 1,000 BTC worth $67.5 million to a Gemini-linked hot wallet, according to Arkham. The transfer follows roughly $130 million in Bitcoin movements by the Gemini founders in March. Bitcoin fell below $66,000 as U.S.-Iran tensions escalated, triggering over $1 billion in bullish BTC liquidations. According to on-chain data from Arkham Intelligence, wallets associated with Gemini co-founders Cameron and Tyler Winklevoss moved the Bitcoin from Gemini Custody to a hot…
It has been more than a year since President Trump signed the executive order establishing a Strategic Bitcoin Reserve on March 6, 2025, and the project is finally moving from rhetoric toward machinery. Summary The U.S. already has a Strategic Bitcoin Reserve, but it mostly holds seized Bitcoin rather than newly purchased BTC. July matters because the White House blueprint and Congress could clarify whether the reserve can become an actual buying program. The BITCOIN Act pushes for aggressive accumulation, while ARMA favors a 20-year lockup and a more moderate path. The budget-neutral rule is the hidden constraint that could…