Here is what happened yesterday in the crypto market:
Ric Edelman Suggests Significant Crypto Allocation
Prominent financial advisor Ric Edelman recommends investors allocate up to 40% of their wealth to cryptocurrency, underscoring the growing acceptance of digital assets in mainstream finance. Read more
US Senator Seeks Crypto Tax Relief in Budget Bill
Senator Cynthia Lummis is pushing for a crypto tax measure within a major budget bill to reduce tax burdens on small-scale crypto activities. This move aims to foster crypto adoption by easing tax implications. Read more
Robinhood Expands into Crypto with Blockchain and Tokenized Stocks
Robinhood is deepening its involvement in the crypto space by developing its own blockchain network based on Arbitrum and introducing tokenized stocks. This initiative marks Robinhood’s expanded ecosystem. Read more
Spanish Police Bust Crypto Fraud Ring
Spanish police have arrested five individuals involved in a crypto fraud operation that allegedly laundered $540 million stolen from over 5,000 victims, highlighting the ongoing risks of fraud and scams in the crypto space. Read more
Kazakhstan Plans National Crypto Reserve
The National Bank of Kazakhstan is planning to establish a state-managed cryptocurrency reserve, signaling growing state interest in incorporating digital assets into national financial strategies. Read more