INSUBCONTINENT EXCLUSIVE:
US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes
traditional finance players to seek out decentralized financial services, due to their disappointment with traditional banking services,
Kulechov.Stani Kulechov onstage at EthCC 2025 in Cannes, France
Source: EthCCIn the wider crypto space, Chainlink, a decentralized blockchain oracle network for crosschain communication, launched a new
Lummis drafts standalone crypto tax billUS Senator Cynthia Lummis submitted a draft bill on Thursday, outlining several provisions to
overhaul the tax code and exempt certain digital asset transactions from taxation after crypto amendments failed to appear in the budget
package.The bill proposes a de minimis exemption for digital asset transactions and capital gains of $300 or less, with a $5,000 annual
exemption cap.The Wyoming Senator also outlined provisions to exempt crypto lending agreements and digital assets used in charitable
contributions from taxation
Additionally, the bill proposed deferring taxes on mining and staking rewards until the underlying assets are sold
that reflect how digital technologies function in the real world
the crypto community after the Senator passed the spending bill without addressing digital assets.Continue reading$250 million Ondo Catalyst
States.Both companies informed Axios that they plan to invest $250 million in RWAs through a new fund called Ondo Catalyst
Exchanges in particular are zeroing in on tokenized stocks and exchange-traded fund (ETF) offerings.As Cointelegraph recently reported,
digital brokerage firm Robinhood has launched a new layer-2 blockchain to enable European clients to trade tokenized US stocks and ETFs.In
May, Kraken announced plans to offer tokenized US stock trading to investors outside the United States.Meanwhile, crypto exchange Coinbase
is reportedly pursuing regulatory approval to offer tokenized equities, a move that would help it compete with Robinhood and other trading
platforms.Ondo Finance has been ramping up its push into onchain finance, recently announcing the formation of a Global Markets Alliance
with several crypto firms to drive adoption of blockchain-based capital markets
billion as upgrades boost growthPancakeSwap, a multichain decentralized exchange (DEX), reported a record-breaking $325 billion in trading
data from Dune Analytics.PancakeSwap DEX monthly volume and trader Source: Dune AnalyticsThe surge in activity follows a series of recent
upgrades, including the April rollout of PancakeSwap Infinity, which introduced several features designed to improve user experience and
advantages for developers and liquidity providers
For developers, the platform allows new pool types and custom Hooks to be integrated without redeploying smart contracts or launching new
regulatory crackdownCryptocurrency regulations are increasingly aligning with global standards as 73% of eligible jurisdictions have now
On June 26, the FATF released its annual report that outlines how recent regulatory moves by jurisdictions are converging with its global
Anti-Money Laundering (AML) framework.This is a direct result of a years-long campaign by the FATF to bring cryptocurrencies in line with
traditional AML and Counter-Terrorist Financing (CFT) standards.The FATF spotlighted stablecoins and decentralized finance (DeFi) for the
second consecutive year, highlighting their rising use in illicit finance, including by North Korean actors
The organization said it plans to release targeted papers on stablecoins, offshore crypto platforms and DeFi by next summer, hinting at
Source: Joshua ChuContinue readingCrypto losses hit $2.5B in first half of 2025, but hacks fall in Q2: CertiKLosses to crypto hacks,
exploits and scams spiked to $2.47 billion in the first half of 2025, but the second quarter saw a decline in the total number of hacks,
said blockchain security firm CertiK.Over $800 million was lost across 144 incidents in Q2, a 52% decrease in value lost compared with the
previous quarter, with 59 fewer hacking incidents, CertiK said in a report on Tuesday.In total, the first half of 2025 saw more than $2.47
billion in losses due to hacks, scams and exploits, representing a nearly 3% increase over the $2.4 billion stolen in 2024.However,
combined.Continue readingDeFi market overviewAccording to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest
gainer, followed by the Bonk (BONK) memecoin, up nearly 25% on the weekly chart.Total value locked in DeFi
Join us next Friday for more stories, insights and education regarding this dynamically advancing space.
