Tax Hike Hits Miners, Singapore Embraces Exchange, Ethereum Eyes Lower Fees, and Coinbase Surges

In today’s update, our canary bird sings a tale of two cities: In one, crypto miners face a 30% tax hike as Biden unveils his budget, and in the other, Singapore grants a license to crypto exchange OKX. Ethereum’s gas guzzling days may also be coming to an end, with the "Dencun" upgrade promising cheaper fees.

Meanwhile, Coinbase is on a roll, raising $1 billion with a bond sale and its stock soaring on the back of a crypto rally. Bitcoin ETFs are making waves too, with record inflows riding the crypto wave. And lastly, XRP has made a splash with a 20% jump after big transfers on Binance, suggesting that the whales may be on the move.

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