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Why a gold rush for inscriptions has broken half a dozen blockchains

Why a gold rush for inscriptions has broken half a dozen blockchains

Some suggest EVM inscriptions are the latest way for retail to access low-cap coins, while others argue it’s an over-hyped fad. Whatever it is, it’s clogging up the blockchain. The latest degen “gold rush" to inscribe everything from profile pictures to memecoins has...

Daily gas spent on EVM inscriptions surges to record high of $8M

Daily gas spent on EVM inscriptions surges to record high of $8M

Bitcoin is not the only network getting clogged up with Ordinals inscriptions, with weekend activity on EVM chains also spiking. Network transaction fees across all blockchains have spiked over the weekend as the Ordinals inscriptions craze continues to push demand...

Grayscale mulls over potential tax implications for spot Bitcoin ETFs

Grayscale mulls over potential tax implications for spot Bitcoin ETFs

The asset management firm declares that the Grayscale Bitcoin Trust (GBTC) falls under the grantor trust structure for tax considerations. Grayscale is evaluating the possible tax consequences associated with spot Bitcoin (BTC) exchange-trade funds (ETF), following...

Solana phone sales skyrocket as degens scramble for pumped-up BONK

Solana phone sales skyrocket as degens scramble for pumped-up BONK

At current prices, the free BONK airdrop for Saga owners stands at $877, making it — at least temporarily — a “phone that pays for itself.” Memecoin hopefuls have been snapping Solana’s crypto phone in droves after a recent price hike for Solana memecoin Bonk (BONK),...

‘I’m a big fan’: Cantor Fitzgerald CEO praises Tether and Bitcoin

‘I’m a big fan’: Cantor Fitzgerald CEO praises Tether and Bitcoin

Cantor Fitzgerald has been managing Tether’s now $90 billion Treasury portfolio since late 2021. Howard Lutnick, the CEO of Wall Street firm Cantor Fitzgerald has praised stablecoin issuer Tether (USDT), describing himself as a "big fan" of the firm."I'm a big fan of...

Google updates policy to allow ads for US crypto trusts

Google updates policy to allow ads for US crypto trusts

Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved. Tech giant Google has updated its cryptocurrency-related advertising policy to allow ads about...

US gov’t removes two crypto AML rules from national defense bill

US gov’t removes two crypto AML rules from national defense bill

The two provisions abolished from the National Defense Authorization Act centered around anti-money laundering (AML) issues linked to cryptocurrency. The United States government has eliminated two provisions from the National Defense Authorization Act (NDAA) that...