News

U.S. House lawmakers are raising concerns about pending crypto tax legislation, signaling the bills remain unfinished and subject to revision. No specific companies or tokens are named as targets; the article covers the broader legislative process around cryptocurrency taxation. The status suggests continued uncertainty for the crypto sector regarding tax treatment.

The Better Business Bureau's advertising watchdog has referred prediction market platform Kalshi to state regulators after Kalshi declined to participate in an inquiry into its influencer disclosure practices. The BBB escalated the matter following Kalshi's non-participation in the review. Kalshi is a privately held prediction market platform and does not have a publicly traded ticker.

The UK's Financial Conduct Authority (FCA) is proposing to allow retail mutual funds to hold up to 10% of their assets in crypto exchange-traded notes (ETNs). The move would mark a significant regulatory shift, opening a pathway for mainstream UK fund managers to gain regulated exposure to digital assets. No specific companies or funds have been named in the announcement.

Blockchain researchers are warning that broad sanctions applied to HTX could inadvertently freeze legitimate users and degrade the effectiveness of compliance tools used to trace illicit funds. The concern is that wide-scale "tainting" of HTX-linked addresses may create noise that obscures genuine risk signals in crypto transaction monitoring. No specific company action or financial result is reported; the article focuses on analytical and regulatory methodology concerns.

Stefan Berger, one of the architects of the EU's MiCA regulation, stated that the European Commission should prioritize tokenization over creating new DeFi-specific rules. He expressed the view that DeFi does not currently require dedicated regulation as the EC collects feedback on MiCA's future direction. The comments come as the EU evaluates potential expansions or revisions to its crypto regulatory framework.

Over 200 crypto firms and lobby groups sent a letter to Senate leaders urging a vote on the CLARITY Act before the midterm elections. The bill is described as a key piece of crypto legislation. No specific companies or publicly traded tickers are named in the article.

Humanity Protocol's native token collapsed more than 80% following a hack in which attackers exploited a compromised private key to steal approximately $32 million. The breach represents a significant security failure for the project, with the private-key exploit enabling unauthorized access to funds. The token's sharp decline reflects immediate market reaction to the loss of funds and confidence in the protocol's security.

The UK's Financial Conduct Authority (FCA) has proposed allowing retail-focused investment funds to allocate up to 10% of their portfolios to crypto assets, provided the exposure aligns with disclosed investment objectives. The proposal is still at the exploratory stage and has not been finalized. If adopted, the rule change could open a new channel for institutional and retail crypto investment in the UK.

The Pentagon has added Alibaba, Baidu, BYD, WuXi AppTec, RoboSense, Unitree, CXMT, and YMTC to its 1260H list of China military-linked companies, barring direct DoD contracts from later this month and third-party procurement through June 2027. The designations stop short of formal sanctions or export blacklist status, but indirect restrictions could force US defence contractors to sever ties with listed firms. Alibaba and WuXi AppTec disputed their listings and said they would pursue legal action; Baidu ADRs fell 2.1% while Alibaba and BYD each dropped 0.8% on the news.