The Daily: Denmark proposes taxing unrealized crypto gains, Kraken plans ‘Ink’ Ethereum Layer 2 launch and more
2024-10-25

Happy Thursday! In today's newsletter, Denmark proposes taxing unrealized crypto gains, Kraken plans "Ink" Ethereum Layer 2 launch, Base makes a move toward decentralization and more.
Meanwhile, bitcoin could test its all-time high above $73,000 on U.S. election day, according to Standard Chartered analyst Geoff Kendrick.
Plus, Coinbase sees AI agents and crypto driving an economic boom, a day after CEO Brian Armstrong offered a memecoin trading bot a wallet.
Let's get started.
Denmark proposes taxing unrealized crypto gains
Denmark's tax authority has recommended a "mark-to-market" taxation on crypto assets as part of its upcoming legislative proposal.
Kraken plans 'Ink' Ethereum Layer 2 launch
Kraken plans to launch its own Ethereum Layer 2 blockchain called "Ink," built using Optimism's OP Stack.
Base to introduce fault proofs in decentralization move
Ethereum Layer 2 network Base is set to introduce permissionless fault proofs on Oct. 30, designed to help decentralize the network and eliminate single-entity control.
Stokr raises $8 million to establish one of first corporate bitcoin treasuries in Europe
Tokenization platform Stokr has raised €7.4 million ($8 million) to establish one of the first corporate bitcoin treasuries in Europe, following in the footsteps of MicroStrategy's approach.
Michael Saylor endorses bitcoin self-custody following criticism of previous remarks
MicroStrategy founder Michael Saylor said he supports the right to bitcoin self-custody for all in a Wednesday post, following criticism of his earlier endorsement of "safer" forms of regulated bitcoin custody.
In the next 24 hours
It's quiet on the economic calendar front.
The Plan ₿ Forum kicks off in Lugano, Switzerland.
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