Key Highlights: CZ ignites debate on gold versus cryptocurrency with an X post. The tweet has sparked discussion between portability, scarcity and market dynamics of the two assets. Data shows that crypto ETFs are attracting more inflows but growth in gold ETFs are also steady. Binance founder Changpeng “CZ” Zhao has stirred a new…
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Key Highlights: With the GENIUS Act gaining bipartisan support, lawmakers are now looking at clearer tax rules for crypto. The crypto industry expressed concerns regarding issue of double taxation for digital assets. Now, they are also questioining whether staking rewards should be taxed or not. Tax reform is now in the sights of lawmakers…
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Key Highlights U.S. SEC will now allow investment advisers to use qualified state-chartered trust companies to custody crypto assets However, this new policy update requires state trusts to comply with strict operational standards This decision is expected to attract institutional capital by giving investment advisers a way to access crypto On September 30, the…
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Key Takeaways: The U.S. jobless claims were reported lower than expected. Other economic data, including U.S. GDP growth and PCE inflation, came in hotter than expected. These macroeconomic factors could weigh on the already fragile crypto market. The crypto market suffered another volatile day on Thursday, whereby traders absorbed robust-than-anticipated U.S. jobless claims data,…
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