The Internal Revenue Service (IRS) is scrutinizing a crypto-linked ETF tax strategy as Washington intensifies its campaign against structures designed to avoid taxable gains. The Treasury Department and IRS identified digital assets as one area where fund managers may be stretching tax provisions beyond their intended purpose, opening the door to additional rules or enforcement.
Soneium and DayOneDream have partnered to bring K-pop intellectual property and related revenue streams onchain through DayOneDream’s WAVIST platform, following a tokenized IP bond that WAVIST completed in May. According to a Sep. 29 announcement from Soneium and DayOneDream shared with crypto.news, the companies will combine WAVIST’s work in entertainment financing with Soneium’s blockchain infrastructure.
DB Securities has partnered with Optimism to integrate real-world assets on the blockchain, a pivotal moment for the sector. This collaboration was highlighted by Bongseok Kwak during his keynote at the Ethereum Korea One event. As the blockchain landscape evolves, this initiative signifies a substantial step towards broader adoption of decentralized finance and asset tokenization
Moca Network and the Moca Foundation say the Moca Chain mainnet is live. The chain is built for digital identity: an organization issues a credential, such as proof that a customer passed a KYC check or holds a membership, and the customer carries it between apps, sharing only the details a business needs. Moca Network,
Cloak Ag has introduced a private payroll solution on the Solana blockchain, allowing users to upload spreadsheets and process payroll with a single click. This innovation was highlighted by the official Solana Twitter account and signals a significant enhancement in the ease of payroll management for businesses. The rollout of such features suggests a growing
Metaplex has announced the launch of MPL-3643, a new standard for permissioned real-world assets (RWAs) and tokenized securities on Solana. This development, highlighted by the CryptoTwitter commentator @SolanaFloor, brings significant compliance features, allowing issuers to implement transfer restrictions, lockups, and jurisdictional limits. The introduction of this standard could pave the way for increased institutional adoption
1-Hour Chart: Buyers Return, but $85,131 Stands in the Way Bitcoin’s price on the hourly chart tells quite a story, beginning with the Sept. 17 low near $74,962 and a sharp advance to $87,374 around Sept. 21-22. That rally subsequently ran out of steam, giving way to a multiday decline and another retreat into the
AI agents can place trades and initiate payments. But moving institutional money takes more than software that knows which button to press. Someone has to safeguard the assets, control access and provide the infrastructure that settles the transaction. That is the next piece Puffer Finance is adding to Puffer UniFi. On September 29, Puffer announced
Bill Pulte, Donald Trump’s appointed Federal Housing Finance Agency director who oversees US mortgage giants Fannie Mae and Freddie Mac, has shaved off $4 billion in market cap from credit giant FICO with a single post to X. The government-backed mortgage giants will now price mortgages using VantageScore 4.0 on the same grid as FICO’s
In brief Bitcoin is up 7.33% for September, just ahead of 2024’s 7.29%, which would make it the best September returns going back to 2013. A fourth straight green September would be the longest streak on record, after six consecutive red ones from 2017 to 2022. The record depends on the Sept. 30 close: at