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NEW: 🇺🇸 White House A.I. & Crypto Czar @DavidSacks updates on the GENIUS Act for stablecoin regulation during the Coinbase State of Crypto Summit. 👇
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💳🌐 @SonicLabs partners with @RedotPay, enabling real-world spending of its S token at 130M+ Visa merchants. • Spend S tokens/stablecoins via virtual or physical card. • First 5,000 users get free virtual card. • Works globally with Apple/Google Pay compatibility.
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Galaxy CEO Mike @novogratz on #Bitcoin's rising appeal with the younger generation, and how "Gold slowly gets replaced by Bitcoin." ⤵️
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Big news from 🇧🇷 Brazil! The government has announced new tax rules for cryptocurrencies, introducing a flat 17.5% income tax on all gains! This includes crypto in self-custody wallets, hinting at taxation on DeFi activities. Traders can calculate taxes quarterly. How will this affect the crypto landscape? 🤔 Share your thoughts!
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Amazon and Walmart are reportedly weighing their own digital dollar tokens. 💵🛒 A $2T stablecoin future is on the horizon, sources say. • WSJ: Both firms exploring stablecoin options. • Others like Expedia, Uber also interested. • Total stablecoin value: $250.9B.
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Gold pops, oil climbs, and markets sink as war fears mount. 🌍💥 • Israel hits Iranian nuclear sites. • Bitcoin drops 1.9%, crypto market down 3.21%. • Dow falls 1.12%, gold hits $3,440.
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