OneLiners
Tim Draper Claims Bitcoin is Safer Than a Bank Account
Investor Tim Draper stated that quantum computers will breach banks before they affect Bitcoin's blockchain. According to him, BTC is currently safer than dollars in a bank account. He made these comments in response to concerns about the impact of quantum computing on the cryptography of the leading cryptocurrency.Tax Proposals for Digital Assets Spark Debate in Congress
The U.S. House of Representatives' tax committee held hearings on a package of initiatives concerning the taxation of digital assets. Lawmakers discussed six bills, one draft project, and an amendment to two initiatives. The package addresses tax reporting for small transactions, mining and staking, donations in digital assets, voluntary disclosure of violations, and the application of anti-abuse rules to the market. According to The Block, the hearings revealed disagreements over the timeline for advancing the initiatives. Republicans emphasize the need for clear rules, while some Democrats pointed out the risks of abuse, including the deferral of taxation on mining and staking income.Glassnode Detects Signs of Capitulation Among XRP Holders
According to Glassnode, XRP holders are increasingly selling the asset at a loss. The 90-day average realized profit-to-loss ratio has dropped to 0.38, meaning for every $1 of losses, there is only $0.38 of profit, reports CoinDesk. At its peak in 2025, the ratio reached 50. Glassnode estimates that a drop below 1 indicates a dominance of loss-making sales and signs of market participant capitulation. At the time of publication, XRP was trading around $1.11, down nearly 40% since the beginning of the year and significantly below the July high of over $3.60.Sandstone Secures $30 Million for AI Platform
Startup Sandstone has raised $30 million in a Series A round led by Lightspeed Venture Partners. The funds will be used to support corporate clients, hire staff, and develop a community of in-house lawyers. Sandstone is developing an AI platform for in-house legal departments: it assists in gathering requests from Slack, email, and Jira, distributing tasks, and initiating processes for document preparation, review, and legal analysis.We use cookies to improve the quality of our service.
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