HoneyBunns

The crypto industry is pushing back against a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting or storing crypto for customers in the state, but it may be too late to change it in the short-term. The law enacts a 0.2% tax on “receiving any digital asset […]

Coinbase is preparing to push deeper into tokenized real-world assets, with Brian Armstrong pointing to an offshore rollout of 1:1 backed tokenized stocks and equity-linked products for non-US markets. TL;DR Coinbase is targeting non-US markets with tokenized equities. The reported model is based on 1:1 backing, not merely synthetic price exposure. US retail availability remains […]

Audits are accomplishing exactly what they are designed to do — discovering errors in the code. And they’re working. Fewer attacks than before take advantage of faulty code to steal platform funds. The problem, however, is that we’re seeing a growing disconnect between what audits examine and what attackers actually exploit. Today, the industry’s largest […]

Bitcoin (BTC) bounced off week-to-date lows into Wednesday’s Wall Street open as corporate sell pressure returned to the radar. Key points: Bitcoin sees a new low for the current weekly candle with the Fed FOMC meeting due in hours. Analysis warns that markets remain concerned over Strategy potentially selling more BTC. Fed chair Kevin Warsh […]

HTX has been pulled into one of the most serious crypto sanctions stories of the year after the UK designated the exchange under Russia-related sanctions rules and TRM Labs linked the case to more than $1.5 billion in alleged flows involving sanctioned entities. TL;DR The UK designation targets correspondent banking and payment relationships. TRM Labs […]

The decline is a reflection of a broader slump in investor sentiment toward digital asset-linked stocks. After a wave of crypto IPO enthusiasm last year, bitcoin BTC$65,091.43 and cryptocurrency prices have tumbled, and attention has increasingly turned toward artificial intelligence (AI) companies and a pipeline of highly anticipated tech listings like SpaceX (SPCX). Several crypto […]

The Ether (ETH) futures market saw its open interest (OI) on Gate.io fall by 45% to levels last seen in April 2025. At the same time, nearly 480,000 ETH left Binance, OKX, Gemini and Bitfinex over the past few days, reducing the exchange-held supply.  The combined shift highlights a market with less leverage and declining […]

Circle has launched cirBTC on Ethereum, giving the stablecoin issuer a direct entry into the wrapped Bitcoin market and setting up a new challenge to existing BTC-backed DeFi assets. TL;DR cirBTC is live on Ethereum and backed 1:1 by Bitcoin. Circle says the asset uses segregated custody and Chainlink Proof of Reserve. The product is […]