The US Internal Revenue Service (IRS) is seeking to require electronic delivery of tax forms to crypto exchange users. Under the current rules, exchanges are required to provide paper copies of tax form 1099-DA, the IRS tax form used to document crypto transactions from a centralized exchange or broker, if users request paper forms. The … Read more
Market analysts said Ether’s (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800. Key takeaways: Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand. ETH price support around $2,100 remains key for the bulls to hold. Ether sellers are “losing control” Ether’s … Read more
Supermarket giant Spar has enabled ADA payment rails for customers in 137 Swiss stores, as the country moves closer to its global crypto hub ambitions. Switzerland’s push as a crypto-friendly hub is getting a new retail test case, with Cardano’s ADA token now usable for grocery purchases at Spar stores across the country. Cardano (ADA) … Read more
The United Arab Emirates’ banking system remains fully operational despite escalating regional conflict between the US, Israel and Iran, the country’s central bank said, as authorities moved to reassure markets following missile and drone attacks on the country this week. In a statement, Central Bank of the UAE Governor Khaled Mohamed Balama said banks, financial … Read more
US spot Bitcoin exchange-traded funds increased inflows on Wednesday, with gains distributed across most issuers, as BTC briefly surged past $73,000. Spot Bitcoin (BTC) ETFs posted $462 million in net inflows, marking the third consecutive day of inflows and bringing the weekly total to $1.1 billion, according to Farside data. The new gains bring year-to-date … Read more
Crypto venture capital giant Andreessen Horowitz is doubling down on crypto despite a major market downturn, seeking $2 billion for a new crypto fund. A16z Crypto, the blockchain arm of venture capital firm Andreessen Horowitz, is raising a fifth crypto-focused fund, with plans to close by mid-2026, Fortune reported on Wednesday, citing anonymous sources. The … Read more
Elon Musk’s new payment app X Money has rolled out limited external beta testing this week, with early screenshots showing that users will be eligible for cashback and yield on deposits. One of the beta testers was Hollywood actor William Shatner, who played Captain Kirk in the original Star Trek series. Several screenshots shared by … Read more
Key takeaways: Derivatives and onchain data show a lack of bullish conviction, as 43% of Bitcoin holders remain at a loss despite recent price gains. Surging AI energy demand is squeezing miner profits to record lows, forcing major listed firms to offload BTC and pivot to computing. Traders face a psychological hurdle at $76,000, the … Read more
Bitcoin (BTC) is up 8% on Wednesday to trade above $73,000, a level that has stopped every recovery attempt over the last three weeks. Analysts reveal why Bitcoin must hold $70,000 to secure the recovery. Key takeaways: Profit-taking on rallies to $70,000 must cool down for a sustained breakout in BTC price. Bitcoin must hold … Read more
Crypto exchange MEXC has expanded its tokenized equities offering through its partnership with Ondo Finance, listing new onchain representations of US stocks that trade against Tether on its platform. According to company announcements this week, the expansion includes 17 newly listed tokenized stock pairs and seven additional tokens tied to US defense and energy companies. … Read more