JUST IN: Japan's parliament has advanced a bill that would reclassify crypto as a financial product, cutting the maximum tax rate from 55% to a flat 20% and introducing insider trading rules for the first time.
Two takeaways from the @21shares_us study with FUSE on digital asset adoption:
Advisors currently using digital assets expect their target allocations to nearly double over the next two years, from 3.8% to 6.4%. And 65% of surveyed advisors using digital assets believe crypto could become a core portfolio allocation within the next two years.
Full study: https://t.co/qHxFudQ8ZZ
HIP-3 markets just set a new weekly OI ATH, accounting for 31.38% of total open interest on Hyperliquid
This impressively surpasses the prior record of 30.07%, which was set during the height of the Iran conflict when commodity markets were seeing unprecedented demand
$HYPE
@x256xx “A cutting-edge, high-tech firm out of the blockchain, awaiting imminent approval on the next generation of financial infrastructure that has both huge retail and institutional applications.”
Will be interesting to see how much cash $PURR raised and how much $HYPE they bought when the fresh weekly data is released tomorrow. The data lags by a week (data released tomorrow will be based on info from the period of 5/22-5/28 but should still be very informative