Author: James Wilson
Ethereum is trading near significant demand levels as volatility continues across cryptocurrency markets, new on-chain data shows. The second-largest cryptocurrency by market capitalization is hovering near short-term support following weeks of selling pressure. Summary Ethereum price nears key support: Ethereum is trading near short-term support levels after weeks of selling pressure, with on-chain data from CryptoQuant showing the current price is around 8% above the Accumulation Addresses Realized Price, a key metric for long-term investors. Long-term holders remain active: Despite market volatility, 17 million Ethereum coins flowed into accumulation addresses in 2025, increasing the balance held by these wallets from…
Grab and StraitsX confirmed a deal to explore developing Web3-enabled payment infrastructure across Asia, the companies announced Tuesday. Summary Grab and StraitsX signed an MOU to develop Web3-enabled payment infrastructure in Southeast Asia, integrating digital asset wallets and stablecoin settlements for consumer transactions through the Grab app. The initiative aims to enable GrabPay merchants to accept stablecoin payments across multiple markets, with potential for users to hold and transact with stablecoins like XSGD and XUSD, pending regulatory approval. The collaboration aims to reduce cross-border settlement fees, improve transaction transparency, and enhance interoperability with existing Web2 payment rails. The proposed collaboration…
Bitcoin dropped below $90,000, intensifying a month-long decline that has wiped out its 2025 gains and shaken confidence across the digital-asset space. Summary Bitcoin fell below $90,000, marking a significant drop that has wiped out its 2025 gains, continuing a month-long downtrend from its October peak of over $126,000. The downturn is attributed to growing economic concerns, including uncertainty over interest rate policies and overvaluation in speculative markets, causing traders to reassess risk. A selloff in October triggered over $19 billion in liquidations, and retail participation has faded, with institutions and digital-asset treasuries under pressure to adjust their positions as…
Can the Ripple price hold near $2.15, or is the market preparing for another move toward lower levels? Summary XRP is trading near $2.15 after a steep slide from its July peak, with weak buying interest across key levels. Technical indicators show soft momentum, and analysts warn that losing $2.12 could open a path toward $2.10 and $2.05. ETF launches are drawing attention, but price action remains muted as many holders sit on losses and selling pressure stays elevated. Ripple is under pressure. XRP is trading near $2.15 after a 5% decline in the past 24 hours and is now…
Coinbase Global Inc. saw a significant drop on Monday, closing at $263.95 per share — a 7.06% decline — and continued to slide in pre-market trading early Tuesday. To put it plainly: the Brian Armstrong-led company, whose transaction-fee revenue is heavily tied to crypto asset prices and trading volumes, is vulnerable. Summary Coinbase saw a significant 7.06% drop in stock price on Monday, closing at $263.95 per share, continuing to slide in pre-market trading on Tuesday. The latest drop in Bitcoin below $90,000, revisiting levels last seen in April, negatively impacted Coinbase. Other major cryptocurrencies like Ethereum, Cardano, and Solana…
U.S. Senator Todd Young of Indiana is calling on the Internal Revenue Service (IRS) to review Biden-era tax guidelines for cryptocurrency rewards. Summary Sen. Todd Young urged Treasury Secretary Scott Bessent to reconsider the IRS’s 2023 tax treatment of staking rewards. The IRS recently proposed implementing the global CARF tax standard, aligning the U.S. with 72 other countries by 2028. The CARF framework, set for rollout in 2027, will require stricter reporting on capital gains from foreign cryptocurrency platforms. Senator Todd Young is urging the IRS to reconsider its 2023 guidelines on the tax treatment of cryptocurrency rewards earned through…
Will the White House proposal give the IRS broader access to offshore crypto data as agencies push for tighter tax oversight? Summary The White House is reviewing a proposal that would allow the IRS to access U.S. taxpayers’ crypto activity on foreign platforms. The move follows an earlier administration report recommending alignment with global reporting standards to improve tax compliance. The White House stressed that any new rules should avoid additional reporting burdens for decentralized finance transactions. The White House is examining a proposed rule that would give the Internal Revenue Service access to data on U.S. taxpayers’ digital asset…
The White House is reviewing a proposal from the Internal Revenue Service (IRS) to adopt an international standard for reporting and taxation of digital assets, according to regulatory filings. Summary The IRS has submitted a proposal to the White House to adopt the “CARF,” a global tax standard and align with 72 other countries by 2028. The proposal would require U.S. taxpayers to report capital gains on foreign platforms more strictly. The CARF, launched by the OECD, is designed to combat offshore tax evasion. The proposal, titled “Broker Digital Transaction Reporting” and submitted to the White House on November 14,…
U.S. regulators removed crypto from their 2026 examination priorities, marking a stark policy shift from the previous administration. Summary The SEC is shifting away from treating crypto as a standalone risk, a departure from its 2024 and 2025 focus on crypto assets. The SEC’s new priorities emphasize emerging technologies like AI, lumping crypto risks into broader topics like cybersecurity and anti-money laundering. The White House’s pro-crypto stance, coinciding with the Trump family’s business ventures, reflect a shift toward a lighter regulatory approach. The U.S. Securities and Exchange Commission will not treat cryptocurrency as a standalone risk in its fiscal 2026…
Bitcoin trades far below energy cost models; mining pressures rise. Summary Bitcoin’s price is nearly 70% beneath its estimated fair value based on mining energy cost models, sparking concern among analysts tracking production economics. Technical data (MVRV Z-Score, Stochastic RSI) shows bearish momentum and recent declines, with historic signals pointing to possible accumulation periods. Miners face rising energy expenses, squeezed profit margins, and ongoing difficulty adjustments, making the next weeks pivotal for market direction. Bitcoin (BTC) price is trading approximately 70% below its estimated fair value based on mining energy cost models, according to analysts tracking production economics in the…