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Crypto Morning Briefing: UK Treasury Opens Tax Policy Consultation on DeFi Staking and Lending

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Top Stories

Robinhood Introduces Robinhood Connect To Enhance DeFi Accessibility

Popular trading app Robinhood has introduced a new feature called Robinhood Connect, which will allow users of its crypto wallet to access their funds and credentials directly from decentralized finance (DeFi) protocols and applications.

Coinbase CEO Hits Back At U.S. SEC, Says “Coinbase Does Not List Securities”

On Thursday, in its formal response to a Wells Notice received from the Securities and Exchange Commission (SEC), Coinbase Global Inc. firmly stated that it has not violated any securities laws. The California-based crypto exchange was recently issued an official notification by the SEC that it is being investigated for its Earn product, wallet service, and exchange operations.

Circle Policy Head Shares Key Predictions on Potential Digital Euro

Patrick Hansen, the Director of EU Strategy and Policy at stablecoin issuer Circle has shared some key predictions concerning the proposed Central Bank Digital Currency (CBDC) for the European Union. While the CBDC, also dubbed the Digital Euro is yet to be launched, Hansen said should it be launched, it will exist in three different forms.

UK Treasury Opens Tax Policy Consultation on DeFi Staking and Lending

HM Treasury, the UK's finance ministry, said Thursday that it has opened a consultation on possible new tax regulations for decentralized finance activities.

Shiba Inu Whales Unload Billions Amid SHIB Price Retreat

The cryptocurrency market has been highly volatile in recent weeks, with Shiba Inu making headlines as a popular meme-inspired cryptocurrency.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $29,661.36 USD, jumped by 5.23% in the last 24 hours;

ETH’s live price is $1,918.92 USD, jumped by 3.55% in the last 24 hours;

BNB’s live price is $334.71 USD, jumped by 1.65% in the last 24 hours;

XRP's live price is $0.46 USD, jumped by 2.71% in the last 24 hours.

Fundraising News

Shiba Inu Killer Love Hate Inu Raises $7.7 Million – 7 Day Countdown Begins for Huge Price Increase

Love Hate Inu, the hot new meme coin, has raised over $7.7 million from enthusiastic investors who are excited about its unique vote-to-earn feature and its potential for significant growth.

iZUMi Finance Closes $22 Million Financing Round To Launch on zkSync Era

iZUMi Finance, a Liquidity-as-a-Service (LaaS) decentralized finance (DeFi) protocol, has made public their announcement that they have successfully completed a fundraising round totaling $22 million.

Crypto Wallet Startup Giddy Raises $6.9 Million in Funding for Self-Custody Adoption Push

Crypto wallet startup Giddy has raised $6.9 million in funding from investors, including Pelion Venture Partners, Peak Capital Partners, Clarke Capital, and Fortnite co-creator Geremy Mustard.

Bitcoin Bitcoin $66,254.27
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