US Blockchain Association Files Lawsuit Against IRS’s New Digital Asset Reporting Rules
New regulations from the US Internal Revenue Service (IRS) requiring digital asset platforms, including decentralized exchanges (DEXs), to disclose user transaction information and crypto sales revenue starting in 2027 have been sued by the Blockchain Association and the Texas Blockchain Commission. The plaintiffs argued that the regulations are unconstitutional and violate the Administrative Procedure Act.
by Darkex Research – 1 min read
FED’s Daly: “Crypto Is Not Yet a Currency”
Mary Daly, President of the Federal Reserve Bank of San Francisco, said that cryptocurrencies have very different characteristics from traditional currencies and “do not yet meet the conditions to be a currency”. Daly pointed out that crypto assets should be considered as an independent asset class, while volatility and demand-driven value variability push crypto into a limited position between value preservation tools and speculative assets.
by Darkex Research – 1 min read
BlackRock Bitcoin ETF Breaks Record
BlackRock’s iShares Bitcoin Trust (IBIT) ETF has been described as “the biggest launch in ETF history”. Launched in 2024, IBIT grew its assets to over $50 billion in just 11 months. This performance surpassed the size of many traditional ETFs in 20 years, marking a significant milestone in the industry.
by Darkex Research – 1 min read
Tether Increases Bitcoin Holdings to 83,759 BTC
Tether-associated wallets added 8,404 BTC worth $772 million on December 30, 2024. The company’s total Bitcoin holdings now stand at 83,759 BTC with a market capitalization of $7.7 billion. This transaction involves the transfer of 7,628 BTC received from a wallet labeled Bitfinex.
by Darkex Research – 1 min read
USDC Treasury Prints 400 Million USDCs
According to Whale Alert data, USDC Treasury minted a total of 400 million USDC today. These mintings took place on the Ethereum and Algorand networks. The transaction on Algorand was recorded as the last USDC mint on the network.
by Darkex Research – 1 min read
MicroStrategy Continues Bitcoin Purchases
MicroStrategy sold 592,987 shares between December 23 and 29, 2024, generating $209 million in revenue. All of this revenue was used to buy 2,138 BTC at an average price of $97,837. The company’s total Bitcoin holdings now stand at 446,400 BTC. The average purchase cost was recorded as 62,428 dollars.
by Darkex Research – 1 min read
