Here’s your weekly crypto news recap, in case you missed it. Here is the stuff that actually moved the needle this week.
The crypto world just showed its heart is bigger than its bags. After the horrific fire at Wang Fuk Court in Hong Kong, one of the deadliest residential blazes the city has seen in decades, industry giants together dropped a jaw-dropping $3.2 million (HK$24.78 million) in emergency aid.
Meanwhile, Nasdaq isn’t slowing down on tokenized assets and that’s huge crypto news in itself. Their digital assets boss Matt Savarese went on CNBC and basically said: “We’re flooring it.” When asked if the SEC could green-light their proposal this year? His answer: “We’ll move as fast as we can.”
Japan just delivered the kind of crypto news traders dream about. The ruling coalition officially backed slashing crypto taxes from a brutal 55% down to a flat 20%, the same rate as stocks.
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In darker crypto news, one of the longest-running criminal playgrounds, Cryptomixer.io, the go-to laundry service that cleaned over $1.5 billion in dirty Bitcoin for nearly a decade, is gone. Swiss and German authorities raided Zurich, shut it down, and flipped the lights off for good.
And then Binance CEO Richard Teng walked on stage in Dubai and detonated the biggest leadership crypto news of the week. Co-founder Yi He is now officially co-CEO. This yin-yang duo at the top? That’s the kind of crypto news that screams Binance just shifted into a higher gear while everyone else is still looking for the key.
That’s your week in crypto news; fires, tax cuts, mixer takedowns, Nasdaq sprinting, and Binance crowning its queen. The industry never sleeps, and neither should you. See you next week.
