CRYPTOSTORY 570· MAY 30, 2026

Avalanche Treasury Co. Falls 16% on Nasdaq Debut as $AVAX Sits at a Five-Year Low

Avalanche Treasury Co. dropped 16% on its first day of trading on Nasdaq, a difficult debut that tracks directly to the state of its core asset: $AVAX, the native token of the Avalanche blockchain, which is currently trading at a five-year

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Ether approaches $2,000 as Bitmine buys ETH and Robinhood's layer-2 lifts demand

Ether ($ETH), the native token of the Ethereum blockchain, is trading toward $2,000. A layer-2 network, one of the three forces behind the move, is a transaction system built on top of a blockchain that processes activity faster and at lowe

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South Africa Proposes Crypto Tax Guidance Under Existing Income and Capital Gains Rules

South Africa's tax authority has released draft guidance clarifying how crypto assets fit within the country's existing income and capital gains tax rules. Rather than writing new crypto-specific legislation, the regulator is proposing to m

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SBI Crypto Shuts Bitcoin Mining Pool After Five-Year Run

SBI Crypto is closing its Bitcoin ($BTC) mining pool on July 31, ending an operation that ran for more than five years. At the time of the announcement, the pool held 12th place in the global rankings and commanded approximately 2.2% of the

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