Crypto Giants Team Up to Crush Illinois’ 0.2% Crypto Tax – Court Battle Heats Up!

Illinois authorities have agreed to delay the implementation of the 0,2% crypto asset tax, a postponement of cryptocurrency taxation that brought immediate relief to the market.

Meanwhile, crypto industry lobbying groups in Illinois are pushing for a summary judgment on the tax’s merits, warning that the 0,2% levy on digital assets could set a harmful precedent for blockchain innovation across the United States.

A federal judge in Utah delivered a decisive ruling Tuesday, granting summary judgment that the Commodity Exchange Act does not preempt the state's anti-gambling laws as applied to Kalshi's sports event contracts. This decision represents a significant setback for the prediction market platform, which now faces direct legal challenges in Utah regarding its business model. Kalshi has announced it will appeal to the Tenth Circuit, which would bring prediction market appeals before seven of the thirteen federal circuits. This case is gaining significance as more states examine the classification of event-based contracts as gambling versus regulated financial instruments, potentially creating a fragmented regulatory landscape for cryptocurrencies and prediction markets nationwide.

Pearl crypto (PRL) has exploded onto the scene, surging an astonishing 228% in just one month to trade at US$2.10 after rebounding from a low of US$1.

The rapid rally highlights renewed investor interest in low‑cap altcoins and raises questions about the project’s fundamentals, tokenomics, and whether the momentum can be sustained amid broader market volatility.

GitHub has rolled out a new star‑history endpoint that replaces the old, invasive stargazer‑scraping method with a privacy‑safe API delivering aggregate weekly and daily star counts.

The change slashes the number of requests hitting GitHub’s databases, lowering load and improving performance for developers while giving projects a clearer, GDPR‑friendly view of their popularity trends.

Bitwise's Chief Investment Officer declares that Bitcoin remains the ultimate destination for investors, insisting that the AI boom or a recession won't divert capital from BTC.

He highlights Bitcoin's resilience across diverse economic scenarios, positioning it as a long-term asset and a store of value that withstands short-term market fluctuations, reinforcing its role as a hedge against volatility.