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Author: samwsimpson_lyjt8578

FTX Plans to Restart Crypto Exchange for International Customers

Proposed re-organization plan provides a pathway for a specific class of debtors to pool assets to create a new, offshore exchange.

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Author: Sam Reynolds

Crypto staking rewards must count as taxable income, IRS says

Rewards earned through validation activities in a proof-of-stake network will need to be included as part of a taxpayer’s gross income, the IRS said.

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Author: Timmy Shen

LeetSwap, Base’s leading DEX, halts trading amid reports of an exploit

LeetSwap, a decentralized exchange built on Coinbase’s Layer 2 blockchain Base, halted trading amid fears that it has been exploited.

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Author: Ryan Weeks

First Mover Asia: BTC, ETH Stable While COMP and AAVE in the Red

Curve Founder Michael Egorov’s $168M in holdings is under stress, imperiling DeFi as a whole. PLUS: The Litecoin Foundation and crypto cold-storage card manufacturer Ballet HAVE teased a sale of 500 collectable cards – fashioned from 50 grams of fine silver.

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Author: Sam Reynolds

Etihad Airways ‘Horizon Club’ Web3 Loyalty Program Will Let You Stake NFTs for Miles

Holders of its EY-ZERO1 NFT collection will be able to lock up their assets to earn Etihad miles that can be redeeed on real-world flights and upgrades.

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Author: Rosie Perper

Bitcoin Lingers Near $29.2K, as Investors Mull Latest Industry Woes; CRV Sinks 12.5%

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Author: James Rubin

Nomura Backs $6M Round for On-Chain Fund Platform Solv Protocol

The Singapore-based startup offers an on-chain fund platform that allows institutions and venture capitalists to create, use and sell financial products.

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Author: Brandy Betz

IRS Says Staking Rewards Are Subject to Taxes in Year the Investor Gets Control

A cryptocurrency investor rewarded assets for validation activity on a proof-of-stake network should count the rewards as income in the year the investor gets control of those tokens, according to a ruling issued Monday by the Internal Revenue Service (IRS).

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Author: Jesse Hamilton

A Curve Founder’s $168M Stash Is Under Stress, Creating a Risk for DeFi as a Whole

Curve CEO Michael Egorov pledged 34% of CRV’s total market cap to back loans across DeFi protocols. A forced liquidation would result in selling at a time when prices are already falling.

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Author: Krisztian Sandor, Sage D. Young, Sam Kessler

Yuga Labs Acquiring Roar Studios to Accelerate ‘Bold Vision’ for Otherside

The Roar team will “contribute their innovative technology, specialized expertise and leadership” to Yuga Labs as it continues its ambitious growth plans for Otherside.

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Author: Rosie Perper


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