In this post Bybit beats Coinbase to be the second largest CEX after Binance. Binance has lost 6% market share dominance amid regulatory crackdowns. Dubai-based Bybit cryptocurrency exchange, run by Bybit Fintech Ltd., has filled the market space left by FTX. The collapse of FTX, run by Sam Bankman-Fried, ushered the DeFi industry into the …
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Treasury And IRS Finalize Broker Requirements, Defer DeFi Decision
US Treasury and IRS set new crypto broker tax requirements for 2025, delay DeFi and wallet regulations, aiming to align reporting with traditional brokers. DeFi and unhosted wallets gain temporary reprieve as IRS delays rule finalization. New crypto tax rule affects 15 million people, targets compliance in digital transactions. The US Department of the Treasury CryptoNewsZ
Ethena Faces Sharp Decline As Major Investor Prepares To Exit
Ethena ($ENA) has seen a steep decline, trading at $0.50, which marks a significant drop from its all-time high of $1.50. In the past 24 hours alone, $ENA has fallen by 8%. A notable investor, identified by wallet address 0xb6c8, has decided to cut his losses, totaling $1.12 million. About CryptoNewsZ