Gemini Urges CFTC to Withdraw Event Contracts Rule
Gemini’s co-founder argued that platforms like Polymarket which offer unmatched transparency and integrity. The cryptocurrency exchange Gemini has withdrawn a proposed legislation that, if approved would prohibit all event contracts on decentralized prediction markets and has requested its return to US regulators. Gemini noted in a letter to Christopher Kirkpatrick, the secretary of the United […]
Shytoshi Kusama Mocks Dogecoin Gaming Platform Launch
Jordan Jefferson faced criticism from Shytoshi Kusama, the main developer of Shiba Inu, over a post promoting a new Dogecoin game. Jordan Jefferson, the founder of the ‘MyDoge’ Dogcoin wallet, received criticism from Shytoshi Kusama, the principal developer of Shiba Inu, in a recent post on X. It is noteworthy that the primary creator made […]
Cathie Wood Offloads Ethereum Futures ETFs, Bearish Signal For Spot ETFs?
Cathie Wood’s investment firm, Ark Invest, recently sold two Ethereum futures ETFs, including its own ARKZ ETF and ProShares’ EETH. On August 9, Cathie Wood’s Ark Invest made significant moves in the crypto market by selling large portions of its Ethereum futures ETFs. This action might suggest a bearish outlook for Ethereum exchange-traded products (ETPs) and indicates […]
IRS Revises Crypto Tax Form, Drops Wallet Address Requirement
IRS releases updated 1099-DA tax form for crypto transactions, addressing privacy concerns. An updated prototype of the 1099-DA tax form has been released by the U.S. Internal Revenue Service (IRS). This form will be utilized by crypto brokers and investors to report specific transactions. The revised version, which is scheduled to be implemented in 2026, […]
Nvidia CEO Sells $49M in NVDA Shares
Nvidia CEO Jensen Huang sold $49M in shares amid a recent market gain and strategic timing. Jensen Huang, the CEO of Nvidia, recently sold $49 million in NVDA shares, which has garnered market attention along with his recent disposal. Huang’s strategy is derived from a plan that he submitted in March, which enabled him to […]