Solana Breaks Records Best Year Yet
@Solana experienced explosive growth in 2024, with $304M inflows from other blockchains in December and a symbolic technical milestone, signaling change. • #Update • #Crypto • @Solana • +6 • ↗
News Bytes – 4
Gold ETF Selloff as Investors Shift
Gold-based ETFs saw outflows for the fourth year as investors moved to more profitable assets, with a 2.5% decline despite rising gold prices and Fed easing, reports @Bloomberg. • #Update • #ETF • @Bloomberg • (+3)
IRS Enforces Immediate Staking Rewards Tax
The U.S. Internal Revenue Service (IRS) reaffirms its 2023 position that staking rewards are immediately taxable, arguing in a recent lawsuit filing that they do not create new property. #Update #Legal @IRSnews → (0)
Bitcoin Boosts KULR Stock to High
@KULRTech has acquired 217.18 $BTC for $21M, marking its first Bitcoin purchase as part of a strategic shift to use the cryptocurrency as a reserve asset, boosting its stock to an all-time high. #Breaking #Crypto @KULRTech ↗ (+8)
Gold Prices Break Record Highs, Silver Also Rallies
Gold prices reached a record-breaking $2,450 per ounce, driven by geopolitical tensions and expectations of a dovish Federal Reserve stance, marking a historic high and emphasizing gold’s role as a premier asset in uncertain times.