Ah, the IRS! In the twilight of the Biden administration, they unveiled a revision, a cryptic twist in the tale of tax reporting, which had been finalized in the distant December of 2024. This revision, like a plot twist in a Dostoevsky novel, sought to ensnare the elusive DeFi exchanges in its bureaucratic web.
The Unfazed Spectator in the US-China Trade War
Leading this merry band of crypto enthusiasts is none other than State Representative Webster Barnaby, who, with the finesse of a seasoned magician, transformed the initial skepticism—born from the wild swings of market volatility and the ever-looming specter of fiscal doom—into a harmonious symphony of bipartisan support. Bravo, Mr. Barnaby! 👏
In a scene reminiscent of a somber confessional, a member of the Pi Network community, Edycabas, laments the demise of spirited activity upon the blockchain. He observes, with a cynical twist, that the Pi blockchain, so grandly heralded in days long past, now trudges along at the snail’s pace of less than one transaction per second. The grand promises of thousands of transactions per block seem but a cruel jest in the theater of modern folly.
In a move that screams “let’s take a breather,” the SEC and Ripple have agreed to put their appeals in “abeyance.” Fancy legal speak for “let’s chill for a bit while we figure this out.” 🍹 The parties even had the audacity to say this would “conserve judicial and party resources.” Translation: “We’re tired, your honor.”
Here’s the lowdown:
Yet, lo and behold! The pan-European STOXX 600 index, that fickle creature, has decided to rebound, rising from the depths of despair it had plunged into, reaching its nadir in nearly 18 months. Thanks to the whims of U.S. President Donald Trump, who, in a fit of tariff-induced frenzy, imposed “reciprocal” tariffs on various nations, only to later suspend some of those very levies, we witnessed a chaotic ballet of market movements, erasing trillions of dollars as if they were mere autumn leaves. But fear not! European stocks, in a show of resilience, gained between 0.3% and 0.7% across regional indexes, with Germany, Spain, France, and the UK basking in their strongest one-day gains since the halcyon days of 2022. 🎉
Okay, so Grayscale, which sounds like a really boring paint color, 🎨 but is actually a big deal in the crypto world, has released their list of “maybe we’ll invest in these, maybe we won’t” altcoins. Basically, it’s like their version of window shopping, except with digital money. 💰
Rumor has it that our cheeky second-biggest cryptocurrency might just stage a relief rally. It’s inching close to that magical demand zone which, in the past, has been a smorgasbord for bargain hunters. As if ETH is winking at us, saying, “I’m undervalued—buy me now!” 🙃
“I think Bitcoin will be over $250,000 by the end of this year or next year.”
