Latest Crypto News Update:
Market Updates:
Bitcoin has hit $97,901.00, showing a 4.62% increase.
Ethereum is trading at $3,467.22, up by 3.20%.
Solana has surged by 6% after a Glassnode report highlighted its outperformance over Bitcoin and Ethereum in both price and trading volume.
Regulatory News:
The IRS has ruled that cryptocurrency staking rewards are taxable upon receipt, rejecting the argument to delay taxation until rewards are sold or exchanged.
The Philippines SEC has unveiled a draft of its cryptocurrency regulatory framework and is seeking feedback from stakeholders.
Other News:
Pudgy Penguins' PENGU token has surged 30% amid increased Solana activity.
Bitcoin ETFs have experienced outflows for the third consecutive day as Bitcoin struggles to regain momentum.
Developers of the Cosmos Network have moved around $27.8 million in Bitcoin.
Stay tuned for more updates! 👍
Stay Bullish! 🔥