Sandeep Nailwal Takes Control of Polygon Foundation as First CEO

Polygon co-founder Sandeep Nailwal has taken full control of the Polygon Foundation as its first-ever CEO. The move marks a shift away from the decentralized governance model the organization had embraced. The foundation, which oversees Polygon Labs and other arms of the ecosystem, will now operate under Nailwal’s leadership as it attempts to refocus amid…

Brazil Ends Crypto Tax Break, Imposes 17.5% Flat Rate

Brazil has ended its tax exemption for small-scale crypto profits, introducing a 17.5% flat rate on all capital gains from digital assets. The new rule was announced under Provisional Measure 1303 as part of the government’s push to raise revenue through financial market taxation. Until now, Brazilian residents who sold up to 35,000 Brazilian reals…

Ethereum Whale Opens $11M Leveraged Bet Amid ETH Price’s 30% Rise Potential

Key takeaways: An Ethereum whale opened a $11.15M leveraged long position just as ETH broke out of a bull flag. ETH’s price surged above $2,850, pushing the whale’s trade into a $366K unrealized profit. Ethereum options skew turned sharply negative, indicating growing bullish trader positioning. A high-stakes Ether (ETH) long trade is making waves just…

New ETF Applications May Signal ‘Altcoin Summer’

Regulatory optimism in the US has led to at least 31 altcoin exchange-traded fund (ETF) applications to the US Securities and Exchange Commission in the first half of 2025. The SEC has approved futures and spot ETFs for Bitcoin (BTC) and Ether (ETH), but past attempts to list altcoin-related instruments have withered on the vine….

Deep liquidity issue is crypto’s silent structural risk

Opinion by: Arthur Azizov, Founder and Investor at B2 Ventures Despite its decentralized nature and big promises, cryptocurrency is still a currency. Like all currencies, it cannot escape the realities of today’s market dynamics. As the crypto market develops, it starts mirroring the life cycle of traditional financial tools. The illusion of liquidity is one…

Deep liquidity issue is crypto’s silent structural risk

Opinion by: Arthur Azizov, Founder and Investor at B2 Ventures Despite its decentralized nature and big promises, cryptocurrency is still a currency. Like all currencies, it cannot escape the realities of today’s market dynamics. As the crypto market develops, it starts mirroring the life cycle of traditional financial tools. The illusion of liquidity is one…

Sell-Off Continues as SHIB Burn Rate Skyrockets to 112,000%

Shiba inu’s (SHIB) supply-side dynamics are screaming bullish, yet the second-largest joke cryptocurrency by market value trades under pressure. Early this week, SHIB’s burn rate surged to over 112,000%, with more than 116 million coins transferred to wallets that cannot spend money. In other words, these coins were permanently taken out of circulation. The daily…

SharpLink Buys 176K Ether For $463 Million

Sports betting platform SharpLink Gaming has acquired 176,271 Ether for $463 million, becoming the world’s largest publicly traded holder of ETH. In a Friday announcement, the Nasdaq-listed company said the Ether (ETH) acquisition was funded through a combination of private placement and at-the-market equity sales, including $79 million raised since May 30. The average acquisition…

Vietnam Legalizes Crypto, Targets Global Tech Leadership

The National Assembly of Vietnam approved the Law on Digital Technology Industry on June 14, bringing digital assets under regulatory oversight. The legislation, set to take effect on Jan. 1, 2026, recognizes crypto assets and lays the groundwork for broader digital innovation across the country, according to reports from local media outlets. The law classifies…

Bitcoin Price Discovery Driven By Unique Holder Phenomenon

Key takeaways: A unique divergence emerged as long-term Bitcoin holders took profits, while the overall supply held by this cohort continues to rise. Bitcoin’s volatility has dropped to the 10th percentile, its lowest range in a decade, despite prices trading near all-time highs. Bitcoin (BTC) price is hovering just a few percentage points below its…