The Block
Quick Take The country’s tax authority intends to require crypto firms to report clients’ crypto transaction data to align with EU taxation mandates. The Dutch government said it plans to submit the draft bill to the House of Representatives in the second quarter of 2025.
Quick Take South Korea’s finance minister proposed a new requirement for crypto firms to regularly report “cross-border crypto transactions” to curb criminal activities. As part of the new plan, South Korea is expected to incorporate digital currencies into its forex law. The minister expects the new requirements to launch in the second half of 2025.
Quick Take Someone appears to have stolen approximately $20 million in stablecoins and ETH from wallets belonging to the U.S. government, according to onchain movements tracked by Arkham Intelligence.
Quick Take GSR’s co-founder and co-CEO Rich Rosenblum, as well as its CTO John MacDonald, will leave the firm. The leadership change marks another major executive shakeup for GSR this year.
Quick Take New investigations into digital assets and other areas “increased significantly” from 2022, the North American Securities Administrators Association said in a statement earlier this week. U.S. regulators have zeroed in on bringing enforcement actions against the crypto industry.
Quick Take Moonwalk Fitness raised $3.4 million in seed funding led by Hack VC, with additional support from Reciprocal Ventures, Binance Labs, CMS, Flowdesk and others. Moonwalk puts a user’s cryptocurrency at stake if they fail certain daily fitness goals.
Quick Take Denmark’s tax authority has recommended a “mark-to-market” taxation on crypto assets as part of its upcoming legislative proposal. Kraken plans to launch its own Ethereum Layer 2 blockchain called “Ink,” built using Optimism’s OP Stack. Ethereum Layer 2 network Base is set to introduce permissionless fault proofs on Oct. 30, designed to help decentralize the network and eliminate single-entity control. The following article is adapted from The Block’s newsletter, The Daily, which comes out on we
Quick Take Infinex founder Kain Warwick discusses his new platform, the upcoming U.S. election and the broader DeFi landscape.
Quick Take The foundation is collaborating with the decentralized AI platform FLock.io to create AI-powered tools for the bespoke programming language Move.
Quick Take Coinbase has laid out its vision for a future where AI agents could use crypto to ignite economic growth. On Wednesday, Coinbase offered a wallet to the recently-minted millionaire, memecoin trading bot known as Truth Terminal.
