Exchanges to freeze trading and withdrawals after countdown under new crypto law – how long do you have?If you refuse to provide a Tax Identification Number, exchanges are now legally mandated to block your withdrawals and cut off your flows.
Happy Thursday!New crypto laws spark a strict 60-day countdown forcing exchanges to freeze trading and withdrawals without a Tax ID, Morgan Stanley files for Bitcoin and Solana ETFs while snubbing Ethereum and XRP, and Ripple-backed Clarity Act hopes unravel amid bank cries of an extinction-level threat to their $360B monopoly. Explore the full stories below. The global crypto market cap is $3.08 trillion, with a 24-hour volume of $112.91 billion. The price of Bitcoin is $89,765.69, and BTC market dominance is 58.5%. The price of Ethereum is $3,066.86, and ETH market dominance is 12.1%. The best-performing sector is Gambling, which gained 8%. The Crypto Fear & Greed Index is currently Extreme Fear (28). 📰 Top News
Exchanges to freeze trading and withdrawals after countdown under new crypto law – how long do you have?If you refuse to provide a Tax Identification Number, exchanges are now legally mandated to block your withdrawals and cut off your flows. Morgan Stanley just filed for two crypto ETFs, but one massive omission sends a brutal signalMorgan Stanley’s Bitcoin and Solana ETFs bid aims to capitalize on growing institutional crypto acceptance and a friendlier regulatory landscape. Crypto firms like Ripple are betting on a Senate deal that is rapidly unraveling behind closed doorsUS banks call the Clarity Act an “extinction-level event” to protect a specific $360 billion revenue monopoly.
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About CryptoSlateCryptoSlate is a comprehensive and contextualized source for crypto news, insights and data. Since 2017, CryptoSlate has been a go-to destination for the fast-moving and nascent digital assets space. Our coverage focuses on Bitcoin, Ethereum, macro, DeFi, AI, and web3. Our goal is to provide an all-encompassing overview of the crypto asset market and the technological trends shaping it. Our mission at CryptoSlate is to decode the complexity of digital assets and showcase their potential to transform society by providing accessible, reliable information and analysis. We're committed to differentiating our news coverage by telling original stories and providing alternative points of view. Questions, Comments?Get in touch with us here. Connect with UsTelegram • X • Google News • LinkedIn • Instagram
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