Market News
Check out the news cycle for the past 24 hours and see what’s moving the market today!
Amazon and Walmart are Preparing to Launch Stablecoins
According to Wall Street reports, both Amazon and Walmart are evaluating a move into the stablecoin market.
Ethereum Co-founder Hints At Plans To Tokenize SharpLink Gaming’s SBET Stock
While SharpLink Gaming is going through the throes of a 71% correction over the last day, the odds for a tokenized version of SBET have spiked. Ethereum co-founder Joseph Lubin has hinted at the possibility of creating an on-chain version…
$4.6B Lost to Crypto Scams as AI Deepfakes Lead the Charge: Report
AI deepfakes took crypto scam losses to $4.6B last year, pushing Bitget and partners to launch a $300M fund to disrupt fraud rings.
Brazil Sets Flat 17.5% Tax on Crypto Profits, Ending Exemption for Smaller Investors
Brazil has scrapped a long-standing tax exemption on cryptocurrency gains, with a new provisional measure (MP 1303), imposing a 17.5% tax on all crypto profits for individuals.
Shaquille O’Neal to Pay $1.8M in Settlement Over FTX Promotion Lawsuit
NBA legend Shaquille O'Neal has agreed to pay $1.8 million to settle a class-action lawsuit brought by investors in the collapsed crypto exchange FTX, according to several media reports this week.
Public Filing Shows Trump Raked in $57M in Digital Asset Related Profits
Donald Trump reported tens of millions in income for 2024, including over $57 million tied to cryptocurrencies, according to his newly filed 2025 public financial disclosure. Trump Cashes In Big on Crypto and Name-Related Licensing Deals On…
Income Tax Dept of India Probes Crypto Tax Evasion Using Data Analytics
CBDT is investigating tax evasion linked to unreported crypto transactions using data analytics. Thousands of emails were sent to individuals suspected of underreporting income from Virtual Digital Assets.
What Crypto Whales Are Buying For The Third Week of June
Crypto whales are making bold moves this week, with notable accumulation across BRAIN, AERO, and AURA. BRAIN, the native token of Gigabrain's AI-powered trading platform on Base, has seen whale holdings surge over 5x since June 10.
Crypto isn’t ‘run from garages’ anymore: MEXC’s Tracy Jin on IPO boom
MEXC's Tracy Jin says regulatory clarity and market maturity are powering a new era of crypto IPOs, with Circle and Gemini leading the charge.