DAC8
6h Crypto Recap: XRP, Bitcoin, Stablecoins, Robinhood—Macro meets policy
#XRP developers pushed an #XRPL hotfix tied to a “manifest flood” issue. The update aims to reduce disruption risk for node operators. 🛠️
#Robinhood received approval to offer crypto services in the UK under #FCA oversight. The rollout comes with limits that shape which features can launch first. 🏛️
#South_Korea extended a long streak of net crypto outflows from domestic exchanges. The trend was highlighted alongside stablecoin-related flow dynamics. 💸
#France accelerated its rollout timeline for #DAC8 crypto reporting rules. The move increases compliance pressure on platforms serving EU-linked users.
6h Crypto Recap: XRP, Bitcoin, DAC8, Coinbase, Cardano—Shockwaves
#XRP derivatives saw heavy liquidations, with more than $5 million in long positions wiped out during the sudden move. The flush was linked to broader macro headlines that rattled risk assets. ⚠️
#EU trade tensions were framed as a key stress point for crypto markets, while #Gold was highlighted as the standout beneficiary in the same window. The coverage emphasized macro pressure rather than crypto-specific failures. 🧭
#DAC8 is now in force in the EU, expanding crypto tax reporting expectations for affected users and platforms. The update focused on compliance scope and what changes for everyday holders. 🧾