Frank Richard Ahlgren III received a two-year prison sentence for filing false tax returns, misrepresenting capital gains from selling $3.7 million in Bitcoin. This case marks the first criminal tax evasion prosecution in the U.S. centered solely on cryptocurrency, highlighting the IRS's capability to track and prosecute crypto-related tax evasion. The incident underscores the growing scrutiny and varying approaches to crypto taxation worldwide. #Crypto #Taxation #Bitcoin #IRS #Regulation

Bitcoin whales have resumed significant selling, coinciding with BTC's return to $100,000. This surge in selling pressure raises concerns about maintaining this key level. Data from IntoTheBlock shows a notable shift in large holders' netflow, indicating increased selling. Additionally, the total Bitcoin exchange outflow has decreased, suggesting a decline in HODLing. The MACD indicator has dropped into the negative region, signaling potential bearish momentum. If selling pressure continues, BTC could drop to $91,918 or even $80,437. However, increased buying pressure could push BTC above $101,173, potentially rallying toward $108,000. #Bitcoin #BTC #Whales #SellingPressure #PriceAnalysis

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Avalanche (AVAX) Raises $250 Million as TVL Hits 2-Year High

Grayscale has launched two new investment vehicles—a trust based on Lido DAO (LDO) and another on Optimism (OP). Both trusts are now available, offering investors exposure to these protocols while focusing on Ethereum's blockchain ecosystem. This move aims to enhance Ethereum's efficiency, security, scalability, and adoption within the broader DeFi ecosystem. #Grayscale #LidoDAO #Optimism #Ethereum #DeFi #Investment

Ukraine is preparing to legalize cryptocurrencies by early 2025, aiming to regulate digital assets while maintaining standard taxation practices. The new legislation, in collaboration with the National Bank of Ukraine and the International Monetary Fund, will impose taxes on crypto profits converted into fiat currencies. This move aligns with global regulatory trends and could provide Ukrainians with secure financial tools amid the ongoing conflict with Russia. #Ukraine #Crypto #Regulation #Taxation #Legalization

The TON Foundation has registered under the Abu Dhabi Global Market (ADGM) regulatory framework, aiming to expand its decentralized ledger technology (DLT) in the MENA and APAC regions. This move strengthens TON's position and aligns with the UAE's efforts to modernize its financial sector through blockchain and crypto innovations. The registration also coincides with Tether's USDT stablecoin being recognized as an Accepted Virtual Asset (AVA) by the Financial Services Regulatory Authority (FSRA). #TON #Blockchain #Crypto #Regulation #ADGM #MENA #APAC

MicroStrategy may soon enter the Nasdaq 100, replacing Moderna. This move is driven by MicroStrategy's significant Bitcoin holdings and stock market growth. The prediction comes from respected ETF analysts Eric Balchunas and James Seyffart, with the announcement expected by the end of the week if approved. MicroStrategy's classification as a tech stock and its eligibility for the finance category are key considerations. #MicroStrategy #Nasdaq100 #Bitcoin #ETF #StockMarket

Raydium's native token, RAY, has surged 665.45% in 2024, becoming one of the year's top-performing cryptocurrencies. The platform has seen significant growth in DEX volumes and fees, solidifying its market leadership. The RSI indicates strong buying momentum, but if it enters overbought territory, a correction could follow. RAY's price could test resistance at $5.9 and potentially rise to $6.46, or fall to $4.67 if momentum fades. #Raydium #RAY #Crypto #PriceAnalysis #DEX

Bitget is considering a new European regional hub in Lithuania to prepare for MiCA compliance. This move aims to enhance the exchange's compliance and operational capabilities in the EU. The hub will support Bitget's expansion and commitment to the growing crypto ecosystem. Despite regulatory challenges, Bitget's BGB token has shown strong performance, indicating continued momentum. #Bitget #MiCA #Crypto #Regulation #Expansion

Bitcoin's price has consolidated around $98,000 after hitting a new all-time high of $103,647 on December 5. The leading cryptocurrency is facing resistance at $101,509 and support at $94,306. Technical indicators suggest a potential price swing towards $93,378 if selling pressure mounts. However, if buying pressure increases, Bitcoin could retest $103,647 or even reach $110,000. #Bitcoin #BTC #Crypto #PriceAnalysis #MarketConsolidation

VIRTUAL price has soared 382.50% in the last 30 days, making it the biggest platform for creating AI crypto agents. However, the momentum appears to be cooling as VIRTUAL’s RSI currently sits at 50, reflecting a neutral market sentiment. Despite the recent surge, the BBTrend has shifted negative after almost two weeks of positive readings, signaling a weakening of bullish momentum. If the trend continues, VIRTUAL price might experience a short-term downturn unless the trend reverses. #VIRTUAL #AI #Crypto #PriceAnalysis #MarketSentiment

Ripple Labs has secured approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin. This approval allows Ripple to launch RLUSD on major exchanges and partner platforms, positioning it as a competitor to Tether's USDT and Circle's USDC. The news has sparked a significant price surge in XRP. #Ripple #RLUSD #Stablecoin #Crypto #Regulation #NYDFS

Ripple Labs has secured approval from the New York Department of Financial Services (NYDFS) for its RLUSD stablecoin. This approval allows Ripple to launch RLUSD on major exchanges and partner platforms, positioning it as a competitor to Tether's USDT and Circle's USDC. The news has sparked a significant price surge in XRP. #Ripple #RLUSD #Stablecoin #Crypto #Regulation #NYDFS

BNB price reached a new all-time high on December 4 but is now facing a potential downtrend. The ADX indicator suggests strengthening bearish momentum, and the Ichimoku Cloud shows increased selling pressure. If the downtrend continues, BNB could test support levels at $647 or even $593. However, a reversal could see BNB retesting resistance at $687 or higher. #BNB #Binance #Crypto #PriceAnalysis #Downtrend

BlackRock's Bitcoin ETF (IBIT) has surpassed the combined assets of all 50+ regional Bitcoin ETFs in Europe, highlighting its dominance. The ETF has seen record inflows and leads the market, with nearly half of the entire spot Bitcoin ETF assets in the US. BlackRock's continued investments and institutional acceptance underscore Bitcoin's growing significance. #BlackRock #Bitcoin #ETF #Crypto #InstitutionalInvestment

Bitwise predicts a bullish 2025 for crypto, with Bitcoin potentially reaching $200,000. The firm anticipates significant growth for companies holding crypto investments and expects major developments like Coinbase joining the S&P 500 and MicroStrategy entering the Nasdaq-100. These predictions align with current industry trends and regulatory shifts. #Bitwise #Crypto #Bitcoin #Predictions #2025

Marathon Digital Holdings (MARA) purchased 11,774 Bitcoin, spending around $1.1 billion, further committing to its strategy of Bitcoin acquisitions. This move aligns with other major firms like MicroStrategy and Riot Platforms in accumulating significant Bitcoin holdings. Marathon's recent purchases and SEC filings highlight its ongoing investment in Bitcoin, despite market fluctuations. #Marathon #Bitcoin #Crypto #Investment

Coinbase adopts the Chainlink standard for Project Diamond, aiming to facilitate institutional adoption of digital assets. The platform will serve global institutions and integrate Chainlink CCIP for secure and compliant transactions. This move aligns with Chainlink's recent partnerships and Coinbase's expansion into global markets. #Coinbase #Chainlink #ProjectDiamond #Crypto #Blockchain #InstitutionalAdoption

Ripple (XRP) has surged over 330% in the last 30 days, surpassing Solana's market cap and reaching its highest level since 2018. However, the RSI has dropped to 46, indicating a neutral market sentiment. The CMF is around 0, suggesting weak buying pressure. If the downtrend continues, XRP could test support at $2.16 or even drop to $1.63. If bullish momentum resumes, XRP could retest $2.90 and potentially reach $3. #Ripple #XRP #Crypto #MarketAnalysis