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3 568
Repost from @crypto
Bitcoin whales have moved $5 BILLION into BlackRock's ETF without paying a dollar in taxes.
BlackRock now lets holders swap BTC directly for IBIT shares starting at just $1 MILLION, down from $25 MILLION. This has let the biggest BTC holders move into Wall Street without selling a single coin.
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Repost from @crypto
Most G20 nations already regulate crypto trading, and Coinbase CEO Brian Armstrong says the US is "a major outlier."
The UK passed its framework just months ago.
Armstrong is calling on the Senate to pass the CLARITY Act when it comes to a vote on September 15.
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3 568
Repost from @crypto
The US Treasury proposed new rules to implement the GENIUS Act, outlining when stablecoin issuers need a US license and when digital asset firms can offer or sell payment stablecoins to US users
The GENIUS Act framework will take effect on January 18, 2027, and public comments will be accepted for 60 days following its publication in the Federal Register.
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Repost from @crypto
Bitcoin miners dumped 28,000 BTC worth $1.78 BILLION this year, an overlooked force behind the 27% crash.
It now costs around $74,000 to mine one Bitcoin, well above the $63,000 price, squeezing miners into selling.
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