Global

The U.S. Internal Revenue Service (IRS) has introduced a new draft of Form 1099-DA, aiming to streamline the reporting process for digital asset transactions. This revision marks a significant shift from earlier drafts, addressing privacy concerns and simplifying tax compliance for investors in the growing digital asset market.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) each encountered significant resistance levels over the weekend, leading to declines that suggest potential continuation of downward trends in the coming days. Here’s a closer look at the technical analysis and current market conditions for these major cryptocurrencies.

Thailand’s Securities and Exchange Commission (SEC) has officially launched a new regulatory sandbox aimed at advancing cryptocurrency innovations while balancing regulatory oversight.

Tether Limited, the issuer of the USDT stablecoin, has responded to a lawsuit filed by Celsius Network Limited, branding it as “baseless” and a “meritless shakedown.”

Solana (SOL) has entered a short-term bearish phase following a failed attempt to break above the $162 resistance zone. The cryptocurrency has experienced a downward correction, dipping below key support levels and shifting into a bearish trend similar to other major assets like Bitcoin and Ethereum.

Chainlink (LINK) has faced some challenges recently, struggling to keep pace with other cryptocurrencies that have seen promising gains. However, recent analyses suggest that LINK could potentially reclaim the $12.10 mark in the near term.