Here's the latest crypto news:
*Market Updates*
- Bitcoin's price has reached $97,901.00, with a 4.61753% increase .
- Ethereum's price is at $3,467.22, with a 3.20415% increase .
- Solana's price has surged 6% after a Glassnode report showed it outperforming Bitcoin and Ethereum in price performance and trading volume
.
*Regulatory News*
- The IRS has stated that rewards from cryptocurrency staking are taxable upon receipt, rejecting a legal argument to delay taxation until rewards are sold or exchanged .
- The Philippines SEC has released a draft of its cryptocurrency regulatory framework, inviting stakeholders to provide feedback.
*Other News*
- Pudgy Penguins' PENGU token has bounced 30% amid high Solana activity .
- Bitcoin ETFs have seen outflows for the third straight day as Bitcoin struggles to recover
.
- Cosmos Network developers have transferred around $27.8 million in Bitcoin .
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Stay Bullish 🔥
