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A proposed 5% tax on billionaires’ wealth in California has drawn a strong response from crypto executives, who argue it would trigger an exodus of entrepreneurs and capital flight, and would be wasted anyway.The ballot initiative, known as the 2026 Billionaire Tax Act, proposes a 5% tax on net wealth above $1 billion to help fund the health care system and state assistance programs, according to the SEIU United Healthcare Workers West union.As the proposed wealth tax is partly assessed against unrealized gains, some billionaires may need to sell stock or parts of their businesses to raise funds to pay…

Coinbase CEO Brian Armstrong has claimed Bitcoin provides healthy competition for the US dollar, which in turn pressures policymakers to maintain fiscal discipline and helps preserve the US dollar’s dominance.“[Bitcoin] provides a check and balance on the dollar in the sense of if there’s too much deficit spending or inflation in the US, people will flee to Bitcoin in times of uncertainty,” Armstrong argued in an interview on Tetragrammation with Rick Rubin on Thursday.“It might be okay to have 2-3% inflation if the economy is growing at 2-3% but if inflation outstrips the growth of the economy, you’ll eventually lose…

A widening gap between VC pricing and public market caps signals a reset after narrative-driven optimism cooled. Crypto venture capital firms poured billions into early-stage tokens during 2025’s risk-on rebound, but many of those bets are now trading far below their headline fundraising values. The growing gap between private funding numbers and public market caps highlights a market reset after narrative-driven optimism cooled. Data recently shared by CryptoRank shows dozens of well-funded projects losing hundreds of millions, and in some cases nearly all, of their implied value once tokens reached open markets, raising fresh questions about pricing discipline during bull…

The Fermi hard fork will cut block times to 250ms, enabling faster DeFi and real-time apps. It will also introduce extended voting and partial indexing, leading to stability and lighter nodes. The experimental BAL showed ~18.6% execution gains in local tests. BNB Smart Chain is preparing for a major protocol upgrade early next year. The network’s upcoming Fermi hard fork, scheduled for mainnet activation in January 2026, signals a renewed push toward faster block times, higher throughput, and infrastructure designed for time-sensitive applications. Notably, the upgrade follows months of testing and reflects broader efforts across the blockchain sector to close…

The complaint alleges seven entities misused AI buzzwords and crypto promises to defraud US retail investors of $14 million. The US Securities and Exchange Commission (SEC) has charged three entities that claimed to operate crypto asset trading platforms, along with four so-called investment clubs, for allegedly running a large-scale fraud that targeted retail investors through social media. According to the SEC, Morocoin Tech Corp., Berge Blockchain Technology Co. Ltd., and Cirkor Inc., together with AI Wealth Inc., Lane Wealth Inc., AI Investment Education Foundation Ltd., and Zenith Asset Tech Foundation, misappropriated more than $14 million from mostly US-based investors. The…

USX suffered one of 2025’s sharpest stablecoin depegs, plunging to $0.10 before market makers restored liquidity. The USX stablecoin on Solana lost its dollar peg on December 26, collapsing to just $0.10 on secondary markets. This sudden drop, caused by a severe lack of liquidity, marks one of the most extreme depegs for a major stablecoin this year. Market Strain and Rapid Response According to blockchain security firm PeckShield, which raised an alert about the event, the depeg was a direct result of a liquidity drain on trading platforms. The stablecoin’s developer, Solstice, responded quickly. In a statement posted on…

On a cold ‘Betwixmas’ December morning, the mood around Bitcoin feels familiar and strange at the same time.Familiar, because the story still swings between euphoria and anxiety. Strange, because the people watching the chart now include a different crowd. Market Cap $1.74T 24h Volume $43.03B All-Time High $126,173.18 Some are still the veterans who lived through 2017 and 2021, some are newer, the ones who got exposure through a brokerage account and an ETF ticker, the kind of investor who never had to learn what a seed phrase is.Bitcoin is trading around $89,000. That number would have sounded ridiculous a…

Bitcoin could be entering a bull run lasting into 2035, following what may have been a bear market over the past 12 months, according to Jan3 founder Samson Mow.However, other analysts have argued that Bitcoin’s (BTC) all-time high of $125,100 in October marked the cycle high and 2026 could be the start of a new bear market.“2025 was the bear market,” Mow said in an X post on Friday, adding that Bitcoin may be about to post a “decade long bull run.” Mow isn’t alone in his view of the year, with Bitcoin analyst PlanC echoing a similar sentiment. “If…

Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum price edged up over 1% in the past 24 hours to trade at $2,963.47 as of 11:57 a.m. EST, with trading volume surging 24% to $15.7 billion. This comes as Jack Yi, founder of Trend Research, announced on X that his firm is planning a $1 billion allocation to bolster its Ethereum holdings, which now intensifies its market presence. 我宣布Trend Research再准备10亿美金，在此基础上继续增持买入ETH，我们言行一致，强烈建议不要做空，毫无疑问这将是历史性机会。 https://t.co/bJCjdABpB0 — JackYi (@Jackyi_ld) December 24, 2025 The move comes amid considerable institutional confidence in Ethereum’s future growth and could significantly impact the Ethereum…

In what’s become all too familiar action at the start of the U.S. trading day, the crypto sector quickly more than gave up even the tiniest hint of an overnight rally.Nudging above $89,000 at one point as the U.S. slept on Friday, bitcoin BTC$87,416.44 quickly tumbled back below $87,000 as American stocks opened for trade following the Christmas holiday.Again all too familiar for crypto bulls, the poor price action occurred as metals continued to soar, with gold, silver, copper and platinum all posting new record highs on Friday.Already attracting capital that might otherwise go to bitcoin as part of the…