Digital Chamber Sues Illinois Over 0.2% Digital Asset Tax
The Digital Chamber is challenging Illinois’ 0.2% Digital Asset Tax Act in court before its 2027 launch. The group argues the law unfairly targets blockchain-recorded assets.
Open USD Expands Stablecoin Competition With Consortium Model
Open USD launches with more than 140 partners and a reserve revenue-sharing model. The move intensifies competition in a stablecoin market exceeding 300 billion USD in supply.
UBS Raises Stoxx Europe 600 Target to 690 Points
UBS increased its year end target for the Stoxx Europe 600 to 690 points, citing earnings momentum and sector revisions. Other banks have also raised projections, though some strategists remain cautious.
Grayscale Highlights Bitcoin Covered Call Yield Amid Bottom Signals
Grayscale presents a covered call strategy projecting 22% annualized yield under specific conditions, while Glassnode data shows easing realized losses among 1-2-year Bitcoin holders.
US Freezes $130M in Iran-Linked Crypto Wallets
The US Treasury sanctioned and froze more than $130 million in cryptocurrency linked to Iran’s central bank. The move is part of a broader sanctions and military campaign.
Hong Kong Bans OTP Logins for Crypto Platforms
Hong Kong’s securities regulator has banned SMS and email one-time password logins for crypto platforms. The move follows a surge in phishing-related cyber incidents.
Hyperliquid and Phantom Urge CFTC to Clarify DeFi Rules
Hyperliquid and Phantom filed a joint comment urging the CFTC to clarify that DeFi software and non-custodial wallets are not exchanges. The regulator will review responses before deciding on guidance or rulemaking.
Legal | Markets & Finance | News | Regulation
IMF Warns Legal Uncertainty Is Holding Back Tokenized Assets
The IMF states that unresolved questions around ownership and settlement are limiting tokenized assets. Around 60 billion dollars in assets remain fragmented across regulatory regimes.
MiCA Transition Period Ends, Reshaping EU Crypto Market
The EU MiCA transition period ended on July 1, 2026. Only licensed crypto-asset service providers can now legally operate across the European Economic Area.
Circle Shares Fall After Open USD Stablecoin Targets USDC
Circle shares dropped nearly 15% after Open Standard unveiled Open USD, a consortium-backed stablecoin targeting USDC’s enterprise user base and reserve revenue model.