Aave, Chainlink ETPs among six new 21Shares listings in Europe

A proposed bill in the United States would allow Americans to pay their taxes to the IRS using Bitcoin (BTC). The tax revenue collected in Bitcoin would be directed into a strategic BTC reserve, and this payment method would not trigger a taxable event for the payer.

A Congressman has introduced a bill that would allow Bitcoin tax payments and support the establishment of a strategic Bitcoin reserve in the United States. This initiative aims to enhance financial security, diversify assets, and maintain the country's global leadership in cryptocurrency.

21Shares, a leading crypto ETF issuer with $8 billion in assets, has expanded its offerings in Europe by listing six new cryptocurrency exchange-traded products (ETPs), including Aave and Cardano. This move comes amid a growing trend of new crypto ETFs being introduced in the US market.

US spot Bitcoin ETFs recorded $75 million in inflows after a five-day period of redemptions, indicating early signs of stabilization as Bitcoin's price recovers above $92,000. This marks a significant rebound from recent market volatility.

Co-founders of Samourai Wallet, a non-custodial crypto mixer, have been sentenced to prison for operating an unlicensed money-transmitting business. William Hill received a four-year sentence, while Keanne Rodriguez was sentenced to five years. This case highlights the increasing scrutiny from the Department of Justice (DOJ) on cryptocurrency mixers and their compliance with financial regulations.

Cardano founder Charles Hoskinson had previously predicted that Bitcoin could reach $250,000 this year, citing favorable international negotiations as a catalyst for growth. However, recent market fluctuations have cast doubt on this forecast, as Bitcoin's price has significantly declined from its previous highs. Analysts are now warning that the bear market may just be beginning.

An XRP analyst has projected that spot ETFs could rapidly consume available tokens if significant inflows continue. The model suggests that a single XRP ETF could see daily inflows averaging $90 million, leading to a potential demand for over 229 million XRP in just one day. This scenario raises concerns about the limited public supply of XRP amidst increasing ETF interest.

Analysts assert that the recent decline in Bitcoin's value should not be attributed to the US government shutdown or advancements in artificial intelligence. An onchain analyst noted that similar price drops in the past have often led to subsequent increases in Bitcoin's value, suggesting a potential for recovery.