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Industry groups argued in court filings that Illinois’ crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law.
Originally published by Cointelegraph. Read the original article
Hyperliquid's open interest hit a record $18.1 billion in September alongside surging trading volume, while its native token HYPE trades around $72.19 and faces resistance near $75.
Cardano faces a potential drop to $0.156 amid its sixth consecutive weekly decline. Bearish derivatives data, negative funding rates, and sell-side dominance highlight ongoing downward pressure across spot and futures markets.
Injective faces potential further downside risks as falling futures Open Interest, weakening derivatives activity, and mounting sell pressure weigh heavily on the cryptocurrency near crucial technical support levels.
Bitcoin was down about 4% on the day amid a tepid market reaction to October’s US PPI reading, which came in below expected levels.
Is the stock market heading for a major crash? Bloomberg Intelligence strategist Mike McGlone warns that the recent rebound could be a dead cat bounce, with rising interest rates, stretched valuations, and a looming deflationary cycle threatening stocks, Bitcoin, and gold. In this interview, McGlone explains why a 20% stock market correction could trigger an even bigger Bitcoin sell-off, why he…
Arthur Hayes said he was “flattered” by Coinbase’s defense of US stock perpetual futures, a decade after BitMEX launched perpetual swaps.
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