Don't Worry About Missing News, Here are 10 Top Crypto News Recaps in 24 Hours
1. Italy to Raise Taxes on Bitcoin $BTC
Italy is planning to raise the capital gains tax on Bitcoin from 26 percent to 42 percent.
2. Bitcoin Dominance Hits Record High
Bitcoin's dominance in the crypto market has reached a 3.5-year high of 58.77 percent. Meanwhile, altcoins have yet to move much.
3. Japanese Companies Increase Investment in Bitcoin
Japanese company Metaplanet has increased their Bitcoin put option by setting the price at US$66,000, and they also purchased an additional 106,976 BTC. Currently, their total Bitcoin holdings stand at 855,478 BTC.
4. Steps Towards XRP ETF Begin
CME Group announced that the first steps towards the launch of an XRP ETF have begun.
5. Bitcoin Whales Move Huge Funds to Kraken
One whale reportedly moved $630,000 to the Kraken exchange.
6. TON Will Connect with Other Blockchains
The $TON blockchain will enhance its ability to interact with other blockchains. They will integrate Axelarâs ââMobius technology, which will allow for easier transfer of assets and applications between blockchains.
7. Radiant Capital Hacked, Loses US$ 51 Million
Radiant Capital suffered a major hack, with losses reaching $51 million on their Arbitrum and BNB Chain platforms. The funds have been transferred to the hackerâs wallet, and Radiant Capital is now working to minimize further losses.
8. Security Error: Dangerous Links Shared Accidentally
Crypto security firm Ancilia, which was trying to help victims of the Radiant Capital hack, accidentally shared a link that could drain users' digital wallets.
9. Hong Kong-related romance scam exposed
Police in Hong Kong have arrested 27 people involved in a romance-based crypto fraud scheme that caused losses totaling US$46 million.
10. PayPal PYUSD Market Cap Drops 40 Percent
The market cap of PayPalâs stablecoin PYUSD has fallen 40 percent since its peak in August, when it was above $1 billion. The main reason for this is the decreasing supply on the $SOL network.
