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🪙 Frax community approves BlackRock’s #BUIDL fund as collateral for frxUSD stablecoin, combining blockchain transparency with the stability of top-tier treasury products.
📊 VanEck research head says Solana ETF approval odds for 2025 exceed 77%, following #TRUMP ’s pro-crypto stance and VanEck’s ongoing application with US regulators.
⚖️ #Terra co-founder Do Kwon pleads not guilty to multiple fraud and money laundering charges in Manhattan federal court, linked to the 2022 Terra collapse.
🚀 CumRocket ($CUMMIES) surged 100% after Elon Musk’s viral post discussing crypto tax issues and staking profits tied to memecoins and NFTs.
🐶 DWF Labs reports meme market value rose from $20B to $120B, predicting continued 2025 growth as social and financial dynamics drive institutional interest.
#frax #SolanaETF
🪙 Frax community approves BlackRock’s #BUIDL fund as collateral for frxUSD stablecoin, combining blockchain transparency with the stability of top-tier treasury products.
📊 VanEck research head says Solana ETF approval odds for 2025 exceed 77%, following #TRUMP ’s pro-crypto stance and VanEck’s ongoing application with US regulators.
⚖️ #Terra co-founder Do Kwon pleads not guilty to multiple fraud and money laundering charges in Manhattan federal court, linked to the 2022 Terra collapse.
🚀 CumRocket ($CUMMIES) surged 100% after Elon Musk’s viral post discussing crypto tax issues and staking profits tied to memecoins and NFTs.
🐶 DWF Labs reports meme market value rose from $20B to $120B, predicting continued 2025 growth as social and financial dynamics drive institutional interest.
#frax #SolanaETF
Hey! Friendly reminder not to miss out on $MINIDOGE while it’s low MC. This is getting big backing from top influencers, like ELON MUSK , so it has some solid momentum. If you’re hunting for a promising low-cap gem, this could be your chance. Perfect time to buy in!!! Like #BABYDOGE It will become next $DOGE #HOLD #BUIDL #meme $FLOKI #MINIDOGE
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BlackRock's BUIDL now largest tokenized treasury fund
It took less than six weeks for the BlackRock USD Institutional Digital Liquidity Fund to surpass Franklin Templeton’s one-year-old tokenized treasury fund. BlackRock’s six-week-old product, tickered BUIDL, has notched a market capitalization of $375 million, surpassing the 12-month-old Franklin OnChain U.S. Government Money Fund (BENJI), which sits at $368 million, according to Dune Analytics.
Today's Crypto Highlights: A Potential Tax Shift, EIGEN Airdrop Fallout, and BlackRock's New Milestone 🌟
Proposed Bill to Change Crypto Taxation 📝
Two U.S. congressmen, Drew Ferguson and Wiley Nickel, have proposed a bipartisan bill that could significantly impact how crypto networks are taxed. The bill, titled "Providing Tax Clarity for Digital Assets Act," aims to change the taxing structure for block rewards from proof-of-work and proof-of-stake networks. Currently, these rewards are taxed upon acquisition, but the proposed legislation would tax them when sold instead.
The congressmen behind the bill argue that the current system is overly complex, leading to confusion, double taxation, and potentially driving businesses overseas ⚖️
EigenLayer Faces Massive Withdrawal Requests 📉
The Ethereum restaking protocol EigenLayer is under pressure, dealing with over 12,412 withdrawal requests after a controversial EIGEN airdrop. The ban of key economic jurisdictions from the airdrop caused disappointment among users, leading to a significant queue for withdrawals.
Data shows that the protocol experienced a surge in daily withdrawal requests, with 4,336 on April 29 and 6,496 on April 30. This wave of withdrawal requests could potentially lower EigenLayer's total value locked (TVL) from $14.8 billion to around $13 billion. If you're in the restaking game, this might be a trend to watch. 👀
BlackRock's BUIDL: The Largest Tokenized Treasury Fund 🚀
BlackRock's USD Institutional Digital Liquidity Fund, known as BUIDL, has become the largest treasury fund tokenized on a blockchain. With a market cap of $375 million, it surpassed the Franklin OnChain U.S. Government Money Fund (BENJI), which held the top spot with $368 million.
BUIDL attracted $70 million in the last week, with a notable $50 million coming from real-world asset tokenization firm Ondo Finance's OUSG token. 💰 🌐
Feel free to follow for more insights and tips on navigating the crypto world! 🙌$ETH $BTC #Eigenlayer’s #BlackRockShibaInuETF #buidl
Proposed Bill to Change Crypto Taxation 📝
Two U.S. congressmen, Drew Ferguson and Wiley Nickel, have proposed a bipartisan bill that could significantly impact how crypto networks are taxed. The bill, titled "Providing Tax Clarity for Digital Assets Act," aims to change the taxing structure for block rewards from proof-of-work and proof-of-stake networks. Currently, these rewards are taxed upon acquisition, but the proposed legislation would tax them when sold instead.
The congressmen behind the bill argue that the current system is overly complex, leading to confusion, double taxation, and potentially driving businesses overseas ⚖️
EigenLayer Faces Massive Withdrawal Requests 📉
The Ethereum restaking protocol EigenLayer is under pressure, dealing with over 12,412 withdrawal requests after a controversial EIGEN airdrop. The ban of key economic jurisdictions from the airdrop caused disappointment among users, leading to a significant queue for withdrawals.
Data shows that the protocol experienced a surge in daily withdrawal requests, with 4,336 on April 29 and 6,496 on April 30. This wave of withdrawal requests could potentially lower EigenLayer's total value locked (TVL) from $14.8 billion to around $13 billion. If you're in the restaking game, this might be a trend to watch. 👀
BlackRock's BUIDL: The Largest Tokenized Treasury Fund 🚀
BlackRock's USD Institutional Digital Liquidity Fund, known as BUIDL, has become the largest treasury fund tokenized on a blockchain. With a market cap of $375 million, it surpassed the Franklin OnChain U.S. Government Money Fund (BENJI), which held the top spot with $368 million.
BUIDL attracted $70 million in the last week, with a notable $50 million coming from real-world asset tokenization firm Ondo Finance's OUSG token. 💰 🌐
Feel free to follow for more insights and tips on navigating the crypto world! 🙌$ETH $BTC #Eigenlayer’s #BlackRockShibaInuETF #buidl
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USDtb, Ethena's new stablecoin, is now live, backed by BlackRock's BUIDL token. #Ethena #USDtb #BlackRock #BUIDL