WAVES Token Rallies 50% To A Record High, Here's Why

CoingapePublished on 2022-03-29Last updated on 2022-03-29

Abstract

Waves, the native token of the eponymous blockchain platform, rallied 50% in the last 24 hours, largely outpacing the broader crypto market.

Waves, the native token of the eponymous blockchain platform, rallied 50% in the last 24 hours, largely outpacing the broader crypto market. The token’s latest rally appeared to be spurred by the launch of its U.S. venture, Waves Labs.
Waves was trading at a record high of $47.39, with a market capital of over $5 billion. Trading volumes in the token also surged to lifetime highs of over $3 billion.
The token’s latest rally made it the 32nd-largest cryptocurrency by market capitalization, overtaking the likes of Decentraland’s MANA and Axie Infinity (AXS).
The Waves Protocol is a blockchain that allows for the creation of custom tokens and smart contracts. Its most popular application is the decentralized crypto trading hub,
Waves Labs launches in the United States
Waves Labs is a new venture that will represent the blockchain in the United States, the company said in a press release. The firm will largely focus on raising funds and supporting new projects on the blockchain, as well as engaging in an “aggressive” marketing and hiring plan.
To this end, the firm said it hired a senior leadership team consisting of several crypto and fintech veterans. Sasha Ivanov, the founder of the protocol, will serve as an advisor to the firm.
The launch represents a major step in Waves’ plans for 2022, which the firm had announced in February. The protocol also has plans to establish a decentralized governance model and increase integration with other blockchains.
Is it altcoin season?
Waves’ recent gains highlight the growing interest in altcoins in recent weeks. Ethereum’s (ETH) rising popularity ahead of its shift to a proof-of-stake model has drawn attention to several other altcoin projects.
Tokens such as Terra (LUNA), Cardano (ADA) and Solana (SOL) have all posted large gains in the last two weeks, while also attracting increased institutional interest. Sentiment towards the crypto market has also greatly improved, with Bitcoin (BTC) recently touching 2022 highs.

Trump's Financial Disclosure Teaches You the Most Underrated Tax Optimization Strategy

Recent U.S. government financial disclosures reveal Donald Trump, a major crypto asset holder, holds over $50 million in Bitcoin and millions more in Ethereum and other tokens without reporting taxable income from these positions. This highlights a fundamental, yet often overlooked, tax optimization strategy applicable to all crypto investors: capital gains taxes are typically deferred until an asset is sold, spent, or otherwise disposed of. Unrealized gains on simply held assets are not taxed. The disclosure shows that staking rewards (like $510,808 from Ethereum validation) and stablecoin interest are treated as ordinary income, taxable in the year received. Similarly, royalties, license fees, and token sales revenue are taxed as ordinary income or capital gains upon realization. The key takeaway is not complex structuring but the straightforward power of deferral: the largest portfolio positions avoid current taxation solely because they have not been sold. This basic principle allows any investor to defer taxes indefinitely by holding appreciating assets.

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Trump's Financial Disclosure Teaches You the Most Underrated Tax Optimization Strategy

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CLARITY Act Countdown 25 Days: If It Doesn't Pass Before the August Recess, What Will Happen to the Crypto Market?

The "CLARITY Act," a major U.S. crypto market structure bill, faces a tight 25-day window before the Senate's August 10 recess. Its passage this year is now uncertain, with prediction markets giving only a 40% probability. The bill aims to clarify SEC/CFTC jurisdiction and provide a non-security path for tokens, but is stalled by political and law enforcement negotiations. If it fails to pass before the recess, the likely market impact is not a crash but a "slow bleed" through premium products like ETFs, as seen in June's record $4.5B net outflows from U.S. Bitcoin ETFs. XRP, which would gain permanent commodity status from the bill, stands to lose regulatory premium. Bitcoin and Ethereum, already classified as commodities, would be less directly impacted but face prolonged uncertainty for DeFi and institutional investment. The path forward includes passage before August (a major catalyst), delay to 2027 (prolonging uncertainty), or failure, requiring the bill to restart in the next Congress. Analysts note that even failure wouldn't halt the push for U.S. regulatory clarity, but would extend the timeline for establishing a global standard.

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CLARITY Act Countdown 25 Days: If It Doesn't Pass Before the August Recess, What Will Happen to the Crypto Market?

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Countdown to the CLARITY Act: 25 Days Left—What Will Happen to the Crypto Market if It Fails to Pass Before the August Recess?

"The CLARITY Act, a key US crypto market structure bill, faces a tight deadline with only 25 working days left before the Senate's August 10 recess. The bill aims to clarify SEC/CFTC jurisdiction and establish a non-security path for decentralized tokens. Despite passing the House in 2025 and a Senate committee in May 2026, final negotiations have stalled over ethics and law enforcement provisions, jeopardizing the 60 Senate votes needed. If the bill fails to pass before the recess, its chances in 2026 drop significantly, with prediction markets giving only a 40% probability. Analyst Galaxy Digital has lowered its 2026 passage odds to 50%. Failure would likely lead to continued 'slow bleeding' in crypto markets, as seen in June's record $4.5 billion net outflow from US Bitcoin ETFs. XRP, which stands to gain permanent commodity status from the bill, could lose its 'regulatory premium.' Bitcoin and Ethereum, already classified as commodities via a joint agency interpretation, would face less direct impact but broader regulatory uncertainty would persist, delaying institutional capital and DeFi innovation. The path forward includes: 1) Passage before August (a major catalyst), 2) Delay to 2027 (extending market uncertainty), or 3) Failure, requiring the bill to be reintroduced in the next Congress. While delay is a setback, the bill's progress indicates the US is closer than ever to resolving crypto regulatory ambiguity."

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Countdown to the CLARITY Act: 25 Days Left—What Will Happen to the Crypto Market if It Fails to Pass Before the August Recess?

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Bitcoin under pressure as $30M from ‘lost’ drug dealer stash hits Coinbase – Details

Irish drug dealer Clifton Collins is back in the news as authorities recovered 500 BTC (worth $30.85 million) from his wallet and deposited it into Coinbase. Collins originally acquired around 6,000 BTC between 2011-2012. Before his 2017 arrest, he hid his seed phrase in a fishing rod, but it was later dumped in a landfill. This recent seizure brings total assets recovered from his wallets to 1,500 BTC (~$103 million). Separately, investor Tim Draper deposited 1,000 BTC (~$61.82 million) into Coinbase. These large transfers coincided with Bitcoin's Exchange Supply Ratio rising to a three-week high, indicating increased selling pressure on exchanges. Technical indicators like the Stochastic Momentum Index and ADX suggest weak upside momentum for BTC. Analysts warn that continued sell-side activity could push Bitcoin back toward $60,000, though if the recent rebound holds, it could test resistance at $65,600.

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Bitcoin under pressure as $30M from ‘lost’ drug dealer stash hits Coinbase – Details

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In the First Half of the Year, Half of VC Money Flowed to AI, with These 30 Companies Alone Raising Over 170 Billion Yuan

First Half of 2026: VC Investment in AI Explodes, with 30 Top Companies Raising Over 170 Billion RMB In the first half of 2026, China's AI sector saw a massive surge in venture capital, with total equity financing exceeding 300 billion RMB—already surpassing the entire 2025 total. Key trends include: * **Massive Funding Scale:** The AI track recorded 1,203 financing events totaling over 300 billion RMB. Investment peaked in June, partly driven by DeepSeek's landmark 51-billion-RMB Series A round. * **Geographic Concentration:** Beijing, Hangzhou, Shanghai, and Shenzhen dominated, accounting for 74% of deals and 86% of total funding. Beijing led with 95.5 billion RMB, while Hangzhou surged to second place due to DeepSeek's round. * **Sector Focus:** * **Large Models** were the top draw, securing over half of all funds (nearly 1.6 trillion RMB). * **AI Infrastructure** (compute, chips) and **Embodied AI** (e.g., robotics) were other major investment areas, with the latter being the most active in number of deals. * **AIGC Applications** attracted significant capital (59.6 billion RMB), indicating strong belief in near-term commercialization. * **Investment Stage Logic:** Capital followed a clear strategy: heavy bets on growth-stage companies (A/B rounds), major funding for mature leaders, and widespread, smaller-scale seeding of early-stage innovators. * **Notable Early-Stage Trends:** World models (seen as the "OS" for embodied AI) attracted the most early capital. Angel/seed rounds reached unprecedented sizes ("inflation"), and investment shifted from foundational large models to downstream applications like robotics and physical AGI. * **Top Companies:** The 20 largest mid/late-stage deals raised 1.565 trillion RMB. Leaders include the "Big Three" large model firms (DeepSeek, StepFun, Kimi), seven leading humanoid robot companies ("Seven Samurai"), and top AIGC application players. * **Outlook:** Full-year 2026 funding is projected to exceed 6 trillion RMB. However, consolidation is expected in the large model sector, with the window for pure-play general AI startups closing. Survival will depend on finding niche verticals or securing strategic backing.

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In the First Half of the Year, Half of VC Money Flowed to AI, with These 30 Companies Alone Raising Over 170 Billion Yuan