US Senate Repeals IRS DeFi Reporting Rule in Bipartisan Vote

The US Senate has voted 70 to 27 to repeal an IRS rule requiring decentralized finance (DeFi) platforms to report customer information, arguing that such platforms are not traditional brokers and would incur high compliance costs. This bipartisan decision, led by Senator Ted Cruz, reflects a growing recognition of the importance of crypto in the political landscape. Critics, however, warn that the repeal may push the digital asset industry further into the shadows, complicating efforts to combat financial crimes.

about US Senate Repeals IRS DeFi Reporting Rule in Bipartisan Vote

Mike Novogratz Opposes Ethereum Fork After Bybit Theft by Lazarus Group

Mike Novogratz, CEO of Galaxy Digital, has urged global authorities to take stronger action against the North Korean hacking group Lazarus, responsible for a $1.4 billion Ethereum theft from Bybit. While praising Bybit’s response, he opposed suggestions to roll back the Ethereum network, arguing that it would set a dangerous precedent and that the industry is now mature enough to handle such threats without drastic measures.

about Mike Novogratz Opposes Ethereum Fork After Bybit Theft by Lazarus Group

Blockchain.com Moves Towards IPO as iDEGEN Presale Nears 23 Million Dollars

Blockchain.com is moving closer to an IPO by appointing experienced executives, including Justin Evans from Goldman Sachs as CFO. Meanwhile, the iDEGEN presale has raised nearly $23 million, with its AI-powered memecoin $IDGN set to launch soon, promising significant ROI for early investors. The project aims to leverage community engagement to evolve its offerings in the growing memecoin market.

about Blockchain.com Moves Towards IPO as iDEGEN Presale Nears 23 Million Dollars

Blockchain.com Moves Towards IPO as iDEGEN Presale Approaches 23 Million

Blockchain.com is advancing towards an initial public offering (IPO) by appointing experienced executives, including Justin Evans as CFO and Mike Wilcox as COO. This move aligns with a trend of cryptocurrency companies, such as Circle and Kraken, preparing to go public.Meanwhile, the iDEGEN presale is nearing $23 million, with its $IDGN token set to launch soon. This memecoin aims to leverage AI for community engagement and has the potential for significant market performance following its listing on exchanges.

about Blockchain.com Moves Towards IPO as iDEGEN Presale Approaches 23 Million

BitGo Plans Initial Public Offering Amid Growing Crypto Market Interest

BitGo, a major US-based crypto custodian, is reportedly exploring an initial public offering (IPO) in the second half of the year, according to sources. The firm, which recently raised $100 million, is among several crypto companies considering public listings, buoyed by optimism for regulatory approval following Donald Trump’s support for the sector. In 2021, a planned acquisition by Galaxy Digital fell through due to issues with audited financial statements.

about BitGo Plans Initial Public Offering Amid Growing Crypto Market Interest

Market in Sweet Spot as Fed Holds Interest Rates Steady

Morgan Stanley’s CIO, Mike Wilson, believes the current interest rates, between 4% and 4.5%, are ideal for supporting corporate earnings while managing inflation. The Federal Reserve’s decision to maintain rates follows a strong job market and solid GDP growth, despite inflationary pressures. Investors anticipate that further rate cuts may not occur until June, with a 47% chance of a quarter-point reduction by then.

about Market in Sweet Spot as Fed Holds Interest Rates Steady

Crypto PAC backs Republican candidates in Florida congressional primaries

Two Republican candidates, Jimmy Patronis and Randy Fine, won their congressional primaries in Florida, supported by over $700,000 from the Defend American Jobs PAC, linked to the crypto industry. The PAC’s significant spending reflects a growing effort to influence elections, with implications for future legislation on digital assets. Residents will vote on April 1 to decide if Patronis and Fine will fill the vacant seats in the House of Representatives.

about Crypto PAC backs Republican candidates in Florida congressional primaries

Analyzing Undervalued Cryptocurrencies for Potential High Returns

In the volatile cryptocurrency market, recent price drops in tokens like ENA, RSR, KDA, and others present strategic investment opportunities. Investors are encouraged to focus on coins with strong fundamentals, community support, and historical growth potential, while managing risks effectively. Timing and thorough research are crucial for capitalizing on these undervalued assets, which could lead to significant returns.

about Analyzing Undervalued Cryptocurrencies for Potential High Returns

UBS Progresses in Data Migration from Credit Suisse in Asia and Switzerland

UBS is nearing completion of the data migration from Credit Suisse, having successfully transferred 110 petabytes of client data in Asia, with no significant issues reported. The process involves moving data to an external box for verification before integration, and preparations are underway for the more substantial migration in Switzerland. Mike Dargan, head of technology, notes that the transition has been smoother than anticipated, with many financial products now standardized.

about UBS Progresses in Data Migration from Credit Suisse in Asia and Switzerland

Investors Shift Focus to Remittix Amid Litecoin and Near Protocol Gains

Investors are increasingly favoring Remittix (RTX) for cross-border payments, leveraging its innovative PayFi protocol that facilitates seamless crypto-to-fiat transfers across 40 cryptocurrencies and 30 fiat currencies. While Litecoin (LTC) and Near Protocol (NEAR) show potential, their established market caps limit growth compared to the emerging Remittix, which has already raised over $2 million in its presale, with analysts predicting significant returns.

about Investors Shift Focus to Remittix Amid Litecoin and Near Protocol Gains

Morgan Stanley Predicts Challenging Start to 2025 for Stock Market

Morgan Stanley’s top strategist warns of a challenging start to 2025 for stocks due to rising bond yields and a strong dollar, which could hinder market performance in the first half. However, as pro-business policies from President Trump take effect, the market is expected to rebound later in the year, with the S&P 500 projected to gain around 8%. Overall, Wall Street remains optimistic, anticipating a year-end target of 6,539 for the index.

about Morgan Stanley Predicts Challenging Start to 2025 for Stock Market