CRYPTOSTORY 556· MAY 31, 2026

Avalanche Treasury Shares Drop 38% on Nasdaq Debut After $675 Million Merger

Avalanche Treasury made a turbulent entry to public markets, with shares sliding 38% on their Nasdaq debut following a $675 million merger. The company is positioning itself as a publicly traded vehicle for accumulating $AVAX, the native to

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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South Africa's tax authority has released draft guidance clarifying how crypto assets fit within the country's existing income and capital gains tax rules.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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Ondo Finance Tokenizes BlackRock's IVV ETF and Micron Stock on Ethereum Under SEC Custodial Rules

Ondo Finance has launched tokenized versions of BlackRock's IVV exchange-traded fund and Micron Technology shares, settling both instruments on Ethereum under a custodial model defined by U.S. securities regulators. The move places two main

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