Illinois enacts the nation's strictest digital asset tax law

ChainCatcher reports that, according to a statement by the Crypto Council for Innovation, Illinois Governor Pritzker has signed into law a digital asset taxation bill widely regarded as the most punitive digital asset tax regime in the United States, which would impose a disproportionate tax burden on Illinois residents using digital assets. The Council strongly opposes this measure, warning that it will drive innovators and developers out of the state, and has issued a formal letter of opposition.

ChainCatcher11:12

Express News | Barry Moore, backed by Trump and Fairshake, wins Alabama Republican Senate primary runoff

Breakings10:50

Express News | a16z crypto Policy Lead Criticizes Illinois' Cryptocurrency Tax Law: Taxation Logic Is Illogical and Violates Multiple Federal Laws

Breakings09:29

Waller's Debut: Will the Most Crypto-Savvy Fed Chair in History Bring a Pleasant Surprise or a Shock to the Market?

Waller would be the first Fed chair in history to disclose holdings of virtual assets in financial disclosure filings. Will the most crypto-savvy Fed chair ever bring a pleasant surprise or a nasty shock to the market?

Jinse FinanceJun 16 15:17

Analyst: $60,000 becomes Bitcoin's new accumulation range, with a potential cycle bottom at $48,000.

PANews, June 16 — CryptoQuant analyst Axel Adler Jr. stated in a post that Bitcoin’s adjusted Spent Output Risk Ratio (SSRR) entered the red zone for the first time as BTC dropped to $60,000, with loss-making supply exceeding profit-making supply, indicating significant stress among holders. Historically, this indicator entering the red zone has often coincided with market bottoming periods. Meanwhile, the CVDD valuation model suggests a structural bottom near $48,300—a level that Bitcoin has almost never closed below in its history. Bitcoin has since rebounded to $66,000, smoothing

PANewsJun 16 15:14

Sharplink CEO: Ethereum's true moat is not its performance metrics, but its 'people'

Author: Joseph Chalom, CEO of Sharplink Translated by: Yuliya, PANews Editor’s Note: Amid fierce competition from numerous new public blockchains touting “faster speeds,” Ethereum remains firmly at the forefront. Following a tour of Asia, Joseph Chalom, CEO of Sharplink, pointed out that Ethereum’s core competitive advantage lies in its community of one million developers. He emphasized that the true battleground in the crypto space is not merely about network speed, but rather “where the brightest minds choose to build.” Ethereum’s deep-rooted culture and seamless “financial legos”

PANewsJun 16 11:06