Wallcrest Crypto Desk
Bitcoin, Ethereum, stablecoins, custody and the regulation shaping digital-asset markets.
Automated market makers let anyone earn trading fees by supplying tokens to a pool, but price swings can erode returns in a way many newcomers don't expect.
Wallcrest Crypto Desk · 1m ago · 3 min read
No Democrat voted to advance the CLARITY Act and four Republicans voted against. A motion to reconsider keeps the bill procedurally alive without changing the arithmetic.
1m ago · 3 min
The Digital Asset Market Clarity Act cleared the House and two Senate committees. Tuesday's vote is not on the bill itself — it is on whether the Senate will debate it at all.
1m ago · 3 min
OFAC designated Xinbi Guarantee and two technology companies on 9 September. The Justice Department restrained about $52 million of cryptocurrency the same day, taking its running total to roughly $938 million.
1m ago · 4 min
OpenReserve Bank, N.A. received preliminary conditional approval the same day as Revolut, on tougher terms. One of its conditions is compliance with the GENIUS Act. The stablecoin subsidiary it plans has not applied yet.
1m ago · 2 min
Crypto perpetual futures never expire, so exchanges use a periodic payment between longs and shorts to keep contract prices tethered to the underlying asset.
1m ago · 5 min
Proof-of-stake rewards are taxed as ordinary income when you gain the ability to sell or transfer them, then again as capital gains or losses when you eventually dispose of the coins.
1m ago · 4 min
The IRS treats most free token distributions as ordinary income the moment you can control them, not when you sell them.
1m ago · 4 min
Every four years or so, Bitcoin's block reward is cut in half by design, a scheduled supply shock that shapes miner economics and long-running market narratives.
1m ago · 4 min
Release 9289-26 applies the misappropriation theory of insider trading to prediction-market event contracts — and hands out the first visible discount under the Enforcement Division's new cooperation advisory.
1m ago · 3 min
EURR went live on August 26 in Denmark, Poland and Portugal, minted by a Stripe-owned Luxembourg issuer. Remaining USDT balances were to be converted to customers' base currency after August 31.
1m ago · 3 min
A proposal rewriting how investment advisers and funds hold crypto assets is under review at OIRA as RIN 3235-AN46. The text stays confidential until the Commission votes to propose it.
1m ago · 2 min
The Digital Asset Market CLARITY Act would decide when a token is a security and when it is a commodity. A procedural vote needs 60 senators — and at least 10 Democrats.
1m ago · 2 min
Regulation Crypto Assets would create two exemptions, a conditional safe harbor from "investment contract" status, and preemption of state registration. Comments close October 20.
1m ago · 3 min
The proposed regulation defines which entities need a license to issue a payment stablecoin in the United States, and sets out how a foreign issuer can reach American users. Comments are due October 19.
1m ago · 3 min
A peg is a promise plus a redemption mechanism. The reserve behind it, and who may access it, decides whether the promise survives stress.
1m ago · 7 min
Both mechanisms answer the same question — who gets to add the next block — by making the answer expensive to fake.
1m ago · 7 min
Crypto exchanges increasingly publish 'proof of reserves' to reassure customers, but the exercise has real limits that investors should understand.
1m ago · 4 min
The IRS treats digital assets as property, not currency, and new broker reporting rules are changing how your trades get reported starting with the 2025 tax year.
1m ago · 4 min
Most losses in digital assets have not come from price. They have come from where the asset was sitting when something broke.
2h ago · 6 min
Owning a crypto asset means controlling a private key — or trusting whoever does.
5d ago · 7 min
A stablecoin is only as stable as the reserves and redemption rights behind it.
14d ago · 6 min
