Crypto
Taxes
IRS adds cryptocurrency income tax question to four more tax forms
The question applies to all taxpayers and is unrelated to a controversial $10k rule.
Legal
Tornado Cash developers to receive funding from new legal defense DAO
Fundraisers brought in over $68,000 during the first several hours.
Legal
Binance and SEC both criticized by judge during latest court hearing
Crypto exchange Binance attempted to argue for dismissal of charges today.
Mining
Hut 8 responds to report criticizing USBTC merger and other activities
The report's issuer stands to profit from a drop in Hut 8 stock value.
Regulation
SEC opens comments on options trading for BlackRock, Cboe spot Bitcoin ETFs
The agency could decide on approval between February and September.
Legal
SEC v. Binance hearing delayed until Monday
Binance is expected to argue for dismissal following today's weather cancellation.
ETF
SEC delays Fidelity’s Ethereum spot ETF, but decisions are still expected in May
The delay only requires the SEC to begin proceedings around Fidelity in March.
Analysis
Bitcoin drops 3.5% to $41K as spot Bitcoin ETF hype fades, GBTC outflows continue
BTC is currently at its lowest price since Dec. 18, 2023.
ETF
Roundhill introduces covered call Bitcoin ETF, a first for the U.S. market
The fund in part holds shares of ProShares' Bitcoin futures ETF (BITO).
Taxes
IRS says controversial $10k reporting rule doesn’t currently apply to crypto
The U.S. must create new regulations before the rules apply beyond cash.
Culture
JPM’s Jamie Dimon believes Satoshi Nakamoto will either increase or “erase” Bitcoin supply
The JPMorgan CEO's unfounded theories on Bitcoin have attracted massive backlash.
Regulation
Judge in Coinbase case says SEC’s securities definition may be too broad
The judge nevertheless declined to rule on or dismiss the case today.