Global

In a bold move, ConsenSys, a leading blockchain software technology company, has publicly refused to comply with the Internal Revenue Service's (IRS) new cryptocurrency tax regulations and reporting requirements. The company argues that the regulations are overly complex, burdensome, and stifle innovation in the rapidly evolving digital asset space.

3iQ Digital Asset Management, a leading global player in digital asset investment solutions, has filed a preliminary prospectus for The Solana Fund (QSOL) with Canadian securities regulatory authorities. Pending approval, QSOL is set to become the first Solana (SOL) exchange-traded product (ETP) listed in North America.

The cryptocurrency market is a complex beast, often driven by sentiment as much as fundamental analysis. One key metric traders and analysts watch closely is the net taker volume, a figure that provides insight into the balance between aggressive buying (takers) and passive selling (makers) on exchanges.

In a significant milestone for the Tron (TRX) network, the daily transaction volume of the Tether stablecoin (USDT) on the platform has surpassed the average daily trading volume of Visa, a leading global payment processor.

MEXC, a prominent cryptocurrency exchange, has recently announced the addition of new tokens to its platform, further diversifying its trading options for users. The exchange is known for its curated selection of high-quality projects, and these latest additions are in line with its commitment to providing a wide range of investment opportunities in the crypto space.

Cryptocurrency exchange Bitget has deepened its collaboration with Ethena Labs by integrating Ethena's stablecoin, USDe, into various aspects of its platform. This integration allows users to utilize USDe as collateral for perpetual futures trading, participate in Bitget's "Earn" program, and trade USDe in spot pairs.