**Crypto News Flash**

- **Solana ETF Odds Soar:** VanEck's Matthew Sigel is bullish on a Solana ETF listing in the US by 2025, surpassing Polymarket's 77% odds. Sigel sees this as part of a broader trend towards more crypto ETFs in the US.

- **Do Kwon Pleads Not Guilty:** Terraform Labs' co-founder Do Kwon faced a US judge, pleading not guilty to multiple fraud charges. A status conference is set for January 8, 2025.

- **AI Tokens vs. Memecoins:** Dragonfly Capital's Haseeb Qureshi predicts AI agent tokens will continue to outshine memecoins in 2025, though their appeal may wane by 2026.

- **China's Crypto Crackdown:** New forex rules in China demand banks to monitor risky crypto trades, signaling tighter regulations.

- **IRS Crypto Relief:** The IRS offers temporary relief on crypto cost-basis methods, allowing investors to avoid the default FIFO method, which could have increased tax burdens.