Day: March 6, 2025

Bitwise makes first institutional DeFi allocation

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Bitwise Asset Management has made its first institutional decentralized finance (DeFi) allocation, depositing into Maple Finance’s overcollateralized Bitcoin loans, Maple told Cointelegraph on March 6.  Maple did not disclose the size of the investment but confirmed that Bitwise’s allocation is represented in Dune Analytics total value locked (TVL) figures for Maple’s “blue chip secured” strategy.  Those figures show a roughly $5 million increase in Maple’s TVL between March 4 and March 5.  Bitwise’s investment is “a testament to the maturity and readiness of on-chain lending infrastructure,” Maple’s CEO, Sid Powell,…

Japan’s ruling party moves to slash crypto capital gains taxes to 20%

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Japan’s Liberal Democracy Party (LDP), the ruling party in Japanese politics, is moving ahead with comprehensive regulatory reform on cryptocurrencies that would slash the capital gains tax on crypto to 20% and categorize digital assets as a distinct asset class. According to LDP lawmaker Akira Shiizaki (Akihisa), cryptocurrencies will be categorized as a new asset class, separate from securities under the Financial Instruments and Exchange Act. The LDP proposal also requested that cryptocurrency derivatives trading receive the same tax treatment as spot investments and moved to defer taxes on crypto-to-crypto…

Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy

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Brazilian fintech company Méliuz announced Thursday it had allocated 10% of its cash reserves into bitcoin, becoming the first publicly traded firm in the country to adopt a bitcoin treasury strategy. Méliuz invested $4.1 million to acquire 45.72 bitcoins at an average price of $90,926 per coin. The purchase represents roughly 10% of the company’s total cash holdings based on a new policy approved by its board of directors. In a statement, Méliuz said the bitcoin allocation seeks “long-term returns” on the investment as part of its treasury management. The…

UNI Price Recovery Gains Traction – Will It Smash Through Resistance?

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My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for…

How can Bukele still stack Bitcoin after IMF loan agreement?

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Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop, despite a requirement from the International Monetary Fund (IMF). El Salvador struck a $1.4 billion loan deal with the IMF in January on the condition that it walk back Bitcoin (BTC) adoption and declassify it as compulsory legal tender. On March 3, the IMF released a report outlining the terms of the agreement, noting that it would prohibit the public accumulation of Bitcoin — i.e., the government or…

Trump’s crypto czar David Sacks says US government missed out on $17 billion by selling Bitcoin too early

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Key Takeaways Holding Bitcoin could have netted the US government $17 billion. David Sacks advocates for a strategic reserve management approach for Bitcoin, similar to gold, to create long-term value. Share this article The US government’s decision to sell seized Bitcoin over the past decade instead of holding it has cost taxpayers approximately $17 billion in potential gains, Trump’s AI and crypto czar David Sacks wrote on X today. “Over the past decade, the federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held…

AI agents and blockchain are redefining the digital economy

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Opinion by: Arunkumar Krishnakumar, head of institutional growth at Marinade Finance The rise of the internet and social media has redefined how brands reach out to billions of users worldwide. There is constant competition for users’ attention, to the extent that the digital ecosystem is meticulously engineered for distraction. Welcome to the attention economy, where engagement metrics are prioritized over meaningful user experiences.  People are bombarded with notifications, advertisements and content optimized to capture clicks rather than fulfill needs. A 2020 study by The Economist Intelligence Unit found that 28%…

Trump-backed World Liberty Financial plans to add SUI to its strategic reserve

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Key Takeaways World Liberty Financial is partnering with Sui blockchain for product development and will add Sui assets to its Macro Strategy reserve. The Macro Strategic Reserve aims to diversify holdings, including assets like Bitcoin, Ethereum, and US Treasury-backed tokens. Share this article World Liberty Financial (WLFI), the DeFi project backed by the Trump family, is partnering with the Sui blockchain to explore product development opportunities and plans to include Sui assets in its “Macro Strategy” fund, according to a Thursday announcement. “As part of this collaboration: WLFI will include…

New York bill aims to protect crypto investors from memecoin rug pulls

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New York lawmakers have introduced legislation aimed at protecting cryptocurrency investors by targeting rug pull scams, where project insiders abruptly abandon a project and drain investor funds. Assemblymember Clyde Vanel, chair of the New York Assembly’s Banks Committee, introduced Bill A06515 on March 5. The bill would establish criminal penalties specifically aimed at preventing cryptocurrency fraud and protecting investors from rug pulls. Under the proposal, new criminal charges would be created for offenses involving “virtual token fraud,” explicitly targeting deceptive practices associated with cryptocurrencies. Bill A06515. Source: New York State…

New York introduces new bill to crack down on crypto rug pulls and private key theft

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Key Takeaways New York State Assembly introduced a bill targeting crypto fraud with penalties up to $25 million. The bill criminalizes rug pulls and unauthorized access to private keys with severe penalties. Share this article New York lawmakers are taking a strong stance against crypto fraud. Assemblymember Clyde Vanel has introduced a new bill aimed at curbing deceptive practices, including rug pulls and private key theft. The proposed legislation, Assembly Bill 6515, seeks to amend the state’s penal law by establishing criminal penalties for fraudulent activities related to virtual tokens.…