TLDR: Whales in Bitcoin, Biden Proposes New Crypto Reporting Rules, Coinbase Take Equity Stake in Circle, Bitstamp Ends ETH Staking in US and Shade Protocol Bring MetaMask to Cosmos.

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Bitcoin Highlights of the Week

Mystery Bitcoin Wallet Amass $3 Billion

An anonymous Bitcoin wallet has surged to become the world's third-largest holder, amassing $3 billion in just three months, triggering speculation and intrigue about its origin and impact.

Unchained Surges 170% in Loan Activity

Unchained's Bitcoin-backed loans surged 170% in H1 2023, alongside growth in institutional accounts, reflecting its commitment to financial empowerment.

Potential of Recursive Inscriptions

Bitcoin's landscape is undergoing a transformative shift with the emergence of Ordinals and recursive inscriptions. These developments hold the promise of elevating Bitcoin to new heights.

Biden Propose Crypto Tax Reporting Rules

The Internal Revenue Service (IRS) proposed brokers follow new rules for selling and trading digital assets. Brokers would use a new form to make tax filing easier and prevent cheating on taxes.

XRP Whale Move 29 million to Bitstamp

A large holder transferred 29.3 million XRP worth $15.13 million to Bitstamp exchange. Additional information suggests the possibility that this whale might be selling their XRP assets.

Ethereum Highlights of the Week

The Rise of Friend.tech

Friend.tech, a groundbreaking social tokenization protocol rise in popularity by allowing personalities to issue shares for exclusive access to closed group chats.

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