Crypto Week Roundup: Bitcoin Surges, IRS Rule Overturned, and More
By: Isha Das
- US Congress Overturns IRS Defi Broker Rule - The bipartisan movement in the US Congress successfully nullified a rule imposing tax reporting on DeFi protocols.
- Bitcoin's Price Adjustments - Bitcoin shows signs of stabilizing near $70,000, amid discussions about its highs and lows in the market.
- Binance Secures Major Investment - Cryptocurrency exchange Binance received a $2 billion injection from MGX, marking its significant stablecoin-backed investment.
- Ripple Lawsuit Nears End - Ripple Labs and the SEC are heading towards a resolution, impacting XRP prices significantly.
- Bitcoin Defies Market Indicators - Bitcoin surged by 7%, defying bearish market signals, showcasing its resilience amidst uncertainties.
