David Klasing, a tax attorney from California, recalls meeting a client whose early cryptocurrency holdings had grown to $700 million in eight years and, having never reported a dime of it, was losing sleep they’d be jailed for tax fraud. Klasing says he recommended the client complete a voluntary disclosure, a penalty-reducing program for taxpayers…
Michael Saylor, executive chairman of Strategy (MSTR), said the largest public traded holder of bitcoin BTC$78,731.11 increased the dividend rate on its preferred stock, Stretch (STRC), by 25 basis points to 11.25% for February. Strategy describes Stretch (STRC) as a short-duration, high-yield savings account. The increase is the sixth since STRC first traded in July…
Bitcoin slid sharply on Saturday, dropping below $80,000 for the first time since April 2025 as persistent selling pressure and a lack of new capital weighed on crypto markets. The world’s largest cryptocurrency fell as much as 10% to $75,709.88 during New York afternoon trading hours on Saturday, extending a drawdown that has now wiped…
BitMine Immersion’s aggressive ether accumulation has turned sharply against it after the latest leg lower in crypto markets, leaving the company with more than $6 billion in paper losses on its ETH holdings. The publicly traded firm added over 40,000 ether last week, lifting its total balance to roughly 4.24 million ETH, according to portfolio…
One trader lost more than $220 million on an ether position as a fresh wave of forced liquidations swept through crypto markets, pushing total losses over the past 24 hours to nearly $2.6 billion. The largest single liquidation occurred on decentralized derivatives exchange Hyperliquid, where an ETH-USD position worth $222.65 million was wiped out, according…
Bitcoin’s dip to around $75,500 briefly pushed the price just below Strategy’s (MSTR) average purchase cost of roughly $76,037 per coin. That may sound alarming at first glance, and it technically puts Michael Saylor’s firm underwater on its bitcoin holdings, but it doesn’t fundamentally change the company’s financial position. There is no balance sheet stress…
Bitcoin’s market capitalization is now around $1.57 trillion, making it the 13th-largest asset by this metric, behind Saudi Aramco and Tesla stock. The move came after its price dropped sharply from around $90,000 to $78,500, a loss of more than 11% over the last 7-day period. The recent price decline comes amid geopolitical tension, a…
The U.S. Treasury Department has, for the first time, sanctioned cryptocurrency exchanges for operating in Iran’s financial sector. The Office of Foreign Assets Control (OFAC) announced sanctions against Zedcex and Zedxion both registered in the United Kingdom, as part of a broader crackdown on Iranian authorities after their brutal suppression of an internal uprising that…
Something strange (and maybe creepy) is happening on the internet. Moltbook — a Reddit-like social network where AI agents post their thoughts (yes, that’s right, AI’s are talking to each other over social media!) — is going viral. And, in a very crypto-degen fashion, memecoin traders are cashing in. Moltbot is a social network populated…
Tokenized silver futures recorded the largest liquidations across the crypto market over the past 24 hours, overtaking bitcoin and ether in a rare reversal of the usual risk hierarchy as a pullback in precious metals spilled into commodities-based crypto futures. According to CoinGlass data, 129,117 traders were liquidated in the past day, with total losses…
