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Crypto Biz: Bitcoin’s $116M self-custody wake-up call

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A $116 million Bitcoin wallet exploit puts self-custody under scrutiny as ETF inflows rebound, Strategy eyes more BTC and miners chase billions in AI deals.

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European stablecoin issuer AllUnity launches USD stablecoin USDAU

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AllUnity is launching USDAU, its fourth fiat-backed stablecoin, expanding a MiCA-regulated lineup that already covers the euro, Swiss franc and Swedish krona.

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Kalshi in advanced talks to raise new funding at $40B valuation: Reuters

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The prediction market was valued at $22 billion in a $1 billion funding round just four months ago, after doubling its valuation from December.

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Illinois draft crypto tax rules detail DeFi, stablecoin treatment

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Illinois’ draft rules spell out how its 0.2% digital asset transaction tax would apply to stablecoins, DeFi platforms, crypto bridges and self-custody transfers.

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