Crypto tax reporting overhaul proposed

IRS proposes default electronic delivery for crypto tax forms to reduce compliance burden for brokers. Stakeholders have 60 days to provide feedback.

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High Energy / Hype

Over 73 MILLION inETH bought by ETFs in a single day! 🔥

That’s the biggest buying spree we’ve seen in 44 days.

The institutions aren't just dipping their toes they're filling the truck!

$73M IN ONE DAY.

Spot ETH ETFs just pulled off their largest buy in 44 days.

While retail hesitates, Wall Street is gobbling up supply. Ultra bullish. 🐂


#Google overhauls search ads

#Anthropic's Mythos AI overhyped

#WLFI token vesting overhaul

#Crypto tax reporting overhaul proposed

#White House crypto meeting


$TURBO

$RENDER

$CVC

$VINU

$WET

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The growth in the use of mobile wallets reflects greater accessibility for new users.

Simplified interfaces and security improvements are driving this trend.

#CryptoWallet #Blockchain #Crypto $KCS $NEAR $LINK $BTC #A comprehensive review of the cryptocurrency tax declaration is proposed

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Tokenization is not just a trend-it's the future of finance. Major players like S&P Global, Fidelity, DTCC, and Solana Foundation confirm its transformative power. The era of digital assets is here to stay. Are you ready to join the revolution? #Crypto #Blockchain #Tokenization

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A federal judge froze 70.6 BTC tied to BlockFills in the ongoing case after Dominion Capital alleged customer funds were misused and sought the return of the disputed assets.

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Strike, led by Jack Mallers, has secured New York crypto and money licenses. The NYDFS approved BitLicense and a money transmitter license, enabling New York residents to access Strike’s Bitcoin brokerage, recurring buys, and paycheck-to-Bitcoin services.

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🚨 SillyTuna Hackers Move $10M+ in Stolen Funds Attackers behind the @sillytuna exploit have begun laundering stolen funds, moving $10M+ across multiple addresses. According to @arkham, $1.08M in BTC entered a Bitcoin mixing service, while $900K in DAI was converted to USDT and deposited to BitKan.

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Words on the streets are This assets are digital commodities And they passed as clear winners $BTC $ETH $XRP $LTC $LINK $DOGE $HBAR $SOL rest of the market ,well sorry you gotta prove it to SEC your chain is decentralized in 4 year span if approved. Just after that you are now digital commodity status , and you are under CFTC oversight If not you are not disproving this chain will be considered as security ( from my understanding ) thanks for playing and good luck. 4 year cycle might remain as new players are welcomed in every 4 year years 😱 different kind of cycle, more focused ones from rich people from top8

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Veer Chetal: - 18 years old - Danbury, Connecticut - quiet honor student - completed a "future lawyers" programme in 2022 - shy, kept to himself - fan of cars The other life: - secretly a member of the Com - an online network of cybercriminals - roots in Minecraft faction servers - teams competing to destroy each other - in-game items worth real money - fraud baked in from day one - where he met Malone Lam Senior Year: - shows up to school in a Corvette at 7:30am - then a BMW - then a Lamborghini Urus - Louis Vuitton shirts, Gucci shoes - tells classmates he made it trading crypto - shows them trades on his phone during homeroom - on Senior Skip Day rents a yacht in New York - photos holding wads of cash Police stop him in the Lamborghini, and calls his lawyer before answering a single question August 18, 2024: - a Washington D.C. resident gets a call - someone claiming to be from Google security - knows all his personal information - sounds completely legitimate - then a second call from someone claiming to be from Gemini - tells him his $4.5 million crypto account has been hacked - tells him to download a security programme - he downloads it - it is a remote desktop app - the caller now has access to his entire computer On that computer: - 4,100 Bitcoin - that day worth $243 million - gone in minutes The mistake: - they livestreamed the heist to friends - 1.5 hours of recordings - someone sends them to ZachXBT, the anonymous crypto detective - 1 clip captures the exact moment - "Oh my god! $243 million! Yes! Oh my god! Bro!" - in another clip someone flashes their Windows home screen - real name visible in the start menu pop-up - Veer Chetal While ZachXBT is watching: - Lam and the crew are in Los Angeles nightclubs - $100 bills raining from tables - $569,528 in 1 night - 31 luxury cars purchased - getting clubgoers to hold signs reading "TOLD U WE'D WIN" - Veer Chetal is about to start university at Rutgers August 25, 2024: - 1 week after the heist - Veer's parents Sushil and Radhika are house-hunting in Danbury - driving the family Lamborghini Urus - a white Honda Civic rams them from behind - a white van cuts in front - 6 masked men drag them toward the open door - beaten with a baseball bat - bound with duct tape The motive: - hold the parents ransom - for the money their son had stolen - Veer had been bragging to Com members - who were not his friends The capture: - van off-duty FBI agent lived nearby - followed the van - relayed the plates - the van crashed a mile later - parents found bound in the back - all 6 kidnappers arrested within 24 hours The end: - 5 of the 6 kidnappers plead guilty face 15 years - Veer Chetal arrested March 2025 - federal charge mug shot posted all over the internet - barely recognisable from the smiling kid The Lamborghini Urus: - sitting in a secure police lot in Danbury - still evidence - the same one he drove to school If only he'd kept quiet...

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NEW: 🇺🇸 The United States has unlocked trillions of dollars in capital for cryptocurrencies through tokenization. Here’s what actually happened. Imagine Apple stock existing as a digital token on a blockchain: same ownership, same legal rights, same value—just in a new digital form. That’s a tokenized security. The Fed, OCC, and FDIC have issued a joint statement: all U.S. banks are now permitted to hold these tokens on their balance sheets, with zero regulatory penalties. Three immediate changes: 1. Banks can now use tokenized securities as collateral for loans, just like traditional stocks or bonds. Regulators see no difference. 2. It doesn’t matter whether the token is on a public blockchain like Ethereum or a private one—the same rules apply in both cases. 3. All financial derivatives tied to tokenized assets are treated exactly the same as traditional derivatives. Why this matters for cryptocurrencies: Trillions in stocks, bonds, and real estate have been waiting off-chain for this green light. JPMorgan, Goldman Sachs, and Bank of America weren’t afraid of blockchain—they were afraid of regulatory uncertainty. That uncertainty is now gone. The world’s largest pools of capital have been granted permission to move onto the blockchain.