The United States Treasury Department and the Internal Revenue Service (IRS) received over 44,000 comments on a proposed rule impacting decentralized finance (DeFi), with @AlexThorn suggesting three options if the rule isn’t rolled back. #Update #Legal @AlexThorn → (0)
As 2024 ends, @CoinGecko reports a bullish crypto market for 2025, forecasting $BTC potentially hitting $250,000 and altcoins rallying 317% amid ETF approvals and pro-crypto policies from President-elect Donald Trump. #Update #Crypto @CoinGecko ↗ (+7)
Uniswap’s chief legal officer criticized the IRS’s new DeFi broker rule, while a Consensys lawyer suggested the timing was strategic, released on the last Friday of 2024 during a holiday period. #Update #Legal @Uniswap ↘ (-3)
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules. #Update #Legal @IRS ↘ (-3)
@MetaMask has launched its Gas Station feature to ease Ethereum transaction fees, integrating gas-included quotes into Smart Transactions with Swaps, enhancing user experience. #Update #Crypto @MetaMask ↗ (+4)
Aave considers integrating @Chainlink’s oracle service to capture 40% of MEV profits, potentially returning fees to users, enhancing DeFi protocol efficiency. #Update #Crypto @Aave ↗ (+4)
@CryptoCom launches Sports Event Trading, a CFTC-regulated platform for sports betting in the U.S., offering $100 payouts for correct predictions in USD and 350+ cryptocurrencies. #Update #Crypto @CryptoCom ↗ (+7)
Industry executives predict Bitcoin staking, tokenized RWAs, and AI agents will redefine the cryptocurrency ecosystem by 2025, enhancing DeFi’s scalability and efficiency. #Update #Crypto @Cointelegraph ↗ (+4)
Industry executives predict Bitcoin staking, tokenized RWAs, and AI agents will revolutionize the cryptocurrency ecosystem by 2025, enhancing DeFi’s scalability and efficiency. #Update #Crypto @Cointelegraph ↗ (+4)
PancakeSwap’s 2024 trading volume hit $310B, a 179% increase driven by DeFi growth, layer-2 adoption, and user-focused upgrades. Crypto @PancakeSwap ↗ (+6)
The Internal Revenue Service (IRS) clarifies that cryptocurrency staking rewards are taxable upon receipt, citing Revenue Ruling 2023-14, amid a legal challenge by Joshua Jarrett. #Breaking #Legal @IRSnews ↘ (-6)
@HexTrust’s USDX integrates DeFi with @FlareNetworks, offering 1:1 USD backing, yield generation, and cross-chain capabilities, supporting the DeFi ecosystem’s growth. #Update #Crypto @HexTrust ↗ (+4)
USDX by @HexTrust integrates with @FlareNetworks, enhancing DeFi with 1:1 USD backing, yield generation, and cross-chain capabilities, aiming to bolster the DeFi ecosystem’s growth and resilience. #Update #Crypto @HexTrust ↗ (+4)
@SolvProtocol will launch its native token on @Hyperliquid, a layer-1 network specializing in trading, marking one of the first tokens to debut on the platform. #Update #Crypto @SolvProtocol ↗ (+3)
