Crypto News
Shiba Inu Rings Greed Alarm As Bitcoin Eyes Record High
Open interest in SHIB futures has crossed above $100 million, hinting at a speculative froth.Source link
Indonesia’s Commodities Regulator Requests Finance Ministry to Review Crypto Taxes
The Indonesian Finance Ministry has been called upon to assess the implementation of cryptocurrency taxes by the nation’s Commodity Futures Trading Supervisory Agency. In the past few months, Indonesia’s revenue from crypto-based transactions has been surpassing that generated from fintech businesses. Crypto Industry Generates More Revenue than Fintech Companies Indonesia’s Commodity Futures Trading Supervisory AgencySource link
zkLink Unveils Nova: Pioneering Aggregated Layer 3 Rollup for Ethereum Ecosystem
zkLink launches Nova, a Layer 3 ZK Rollup network, to unify Ethereum liquidity and elevate cross-rollup interoperability. (Read More)Source link
Montana Blasts SEC ‘Regulatory Power Grab’ in Kraken’s Case: ‘Crypto Assets Are Not Automatically Securities’
Montana introduced an amicus curiae in the case of the SEC vs. Kraken, a US-based crypto exchange, criticizing the “regulatory power grab” of the institution. Montana, supported by seven other states, affirms that crypto assets are not automatically securities and that the SEC’s expansive concept of “investment contract” might preempt state legislation. Montana and SevenSource link
Scallop Protocol Secures $3 Million Funding
Scallop Protocol, a leading DeFi platform on Sui Network, successfully raises $3M in strategic investment round for expansion. (Read More)Source link