Category: News

IRS Proposes Crypto Exchanges Shift to Mandatory Electronic Tax Documents

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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 proposed new rules, slated to be published on Friday, remove this requirement and allow brokers to “terminate” their relationships with existing clients if they refuse electronic delivery of tax forms. Additionally, the IRS proposal would…

Bitcoin Miners Start Unwinding BTC Treasuries as Industry Strains

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Bitcoin mining companies have offloaded a sizable portion of their Bitcoin reserves in recent months, signaling a shift away from the self-treasury strategy that dominated the industry during the 2024–2025 market upcycle. According to TheEnergyMag’s Miner Weekly newsletter, publicly listed miners have sold more than 15,000 Bitcoin (BTC) since October. That month marked the market’s peak before a historic flash crash triggered widespread deleveraging across the industry. Several large miners contributed to the sell-off. The newsletter highlighted Cango’s February sale of 4,451 BTC, equal to roughly 60% of its reserves,…

CleanSpark Sells Most February BTC Output, Generating $36.6M in Proceeds

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US Bitcoin miner CleanSpark last month sold 553 Bitcoin from its February production for about $36.6 million, while producing 568 BTC during the month, according to the company’s latest operational update. The company ended February with 13,363 BTC (BTC) in its treasury and continued expanding its infrastructure by completing the closing on a second Texas campus that adds 300 megawatts of ERCOT-approved power capacity. The Electric Reliability Council of Texas, or ERCOT, operates the state’s electrical grid. CleanSpark said its deployed fleet totaled 235,588 mining machines at the end of…

Bitcoin price rejected at $74,000, failed auction points to downside

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Bitcoin price has confirmed a failed auction at the $74,000 range-high resistance after a sharp rejection. With price now losing the value area high, the probability of a corrective move toward the $60,000 support is increasing. Summary Failed auction at $74K: Strong rejection at range-high resistance confirms weakness. Value Area High lost: Signals a shift toward bearish rotational structure. $60K support in focus: Previous weekly low becomes the next major downside target. Bitcoin’s (BTC) latest price action is showing clear signs of weakness after failing to sustain a breakout above the $74,000 resistance…

Trump Son Echoes President’s Anti-Bank Message amid Stablecoin Yield Fight

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The post from Eric Trump, tagging his crypto company, came hours after his father claimed banks were holding a market structure bill “hostage.” Eric Trump, son of US President Donald Trump and one of the co-founders of the family-backed crypto business World Liberty Financial, has jumped on the anti-bank messaging that many in the industry are espousing amid disagreements over how to handle stablecoin rewards. In a Wednesday X post, Eric Trump echoed his father, claiming that banks were “desperately targeting” cryptocurrencies and stablecoins as discussions lag on the market…

Bitcoin Liquidity Set To Expand With Morgan Stanley BTC ETF Option

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Bitcoin Pulls Back to $71K as War Fears Persist and Arthur Hayes Warns of ‘Risk Phase’

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Following a rapid surge, bitcoin snapped its winning streak on March 5, retreating from a brief $74,000 peak to consolidate around $71,000. Global Market Divergence Bitcoin’s recent explosive rally hit a wall Thursday, March 5, snapping a three-day streak that saw the cryptocurrency jump nearly 10% and briefly reclaim the $74,000 threshold. The reversal saw […] Original

Extreme Fear and RSI Signal Relief Rally

Shiba Inu is hovering near $0.0000056, treading water as the broader crypto market has enjoyed a brief respite. While the Crypto Fear & Greed Index has climbed to 22/100, it still signals “Extreme Fear.” Right now, the crowd is fearful, though less so than a week ago, although meme coins are lagging behind the rest of the market. For SHIB, it has only moved +1% on a day where many other major cap tokens are up by more than +5%. The total crypto market cap surged 1% overnight as it…

Crypto Scams Can Trigger iOS Exploits

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Google’s Threat Intelligence Group (GTIG) is warning that a “new and powerful” iOS exploit kit, dubbed Coruna by its developers has been deployed on fake finance and crypto websites designed to lure iPhone users into visiting pages that can silently deliver exploits. For crypto holders, the risk is blunt: GTIG’s analysis shows the campaigns ultimately focused on harvesting seed phrases and wallet data from popular mobile apps. Coruna targets Apple devices running iOS 13.0 through iOS 17.2.1, bundling five full exploit chains and 23 exploits. GTIG says it recovered the…

Ethereum Taps $2.2K as Traders Brace for a Potential Trend Change

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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 net taker volume suggests that “sellers may be losing control” as demand for ETH derivatives returned, data from CryptoQuant shows.  Net taker volume, a metric that measures the imbalance between buyers and sellers in derivatives…