IRS crypto broker rules, explained: What you need to know in 2025
How does the IRS define a crypto broker? The definition of the term “broker” includes individuals or entities that regularly provide services to carry out digital asset transfers. This definition ensures that only those truly “in a position to know” transaction details are subject to Form 1099-DA reporting requirements.These US Internal Revenue Service rules are built on prior rulemaking (T.D. 10000) from July 2024 and focus on extending broker reporting obligations to decentralized finance (DeFi), which involves digital asset transactions without a traditional intermediary. T.D. 10021 introduces the term “digital asset middleman,” which the IRS previously delayed due to its complexity and controversy.The broker reporting mandate originates from the 2021 Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law. It expanded existing broker reporting obligations under Sections 6045 and 6045A to include digital assets. The provision is projected to generate nearly $28 billion in revenue over a decade.Entities classified as brokers include:Digital asset exchanges: Both custodial and non-custodial platforms that execute trades.Hosted wallet providers: Those managing wallets and verifying user identities.Digital asset kiosks: Bitcoin ATMs and other physical kiosks dealing in cryptocurrencies.Crypto payment processors: Platforms that facilitate digital asset transactions while verifying buyers and sellers.DeFi brokers: Only front-end service providers, such as token swap interfaces, are considered brokers. Activities like liquidity provision, staking and lending remain exempt from reporting requirements.Providers of “unhosted” wallets, where users retain full control over their private keys, are generally exempt unless they function similarly to an exchange.The definition of a digital asset broker has been highly debated after the enactment of the Infrastructure Investment and Jobs Act in November 2021. How the IRS expands the definition of “broker” in digital asset transactions The Infrastructure Investment and Jobs Act (Public Law 117-58), specifically Section 80603, broadened the definition of “broker” under Internal Revenue Code Section 6045 to include those facilitating digital asset transfers. Internal Revenue Service regulations broadly define brokers as entities engaged in digital asset sales or exchanges. Here is a timeline of the regulations:Custodial brokers (June 2024 — Treasury Decision 10000)Custodial brokers include operators of custodial digital asset trading platforms, such as centralized exchanges (CEXs) that hold customers’ private keys. It extends to hosted wallet providers, digital asset kiosks (e.g., Bitcoin ATMs) and certain processors of digital asset payments, such as crypto payment processors. These entities must report because they have custody, making it feasible to track transactions.DeFi brokers (December 2024 — Treasury Decision 10021)The IRS’s December 2024 regulations focus on trading front-end service providers in the DeFi ecosystem, such as interfaces that connect users to decentralized exchanges (DEXs). The Treasury and IRS use a three-part model (interface, application, settlement layers) to identify DeFi participants, focusing on those with sufficient control or influence, aligning with Financial Action Task Force (FATF) guidance.However, as DeFi platforms lack centralized control, there were concerns about privacy and compliance. Efforts to repeal the IRS broker ruleIn March 2025, discussions on repealing the DeFi broker rules intensified, with the Senate voting 70–27 on March 4 and the House voting 292–132 on March 11, to repeal the DeFi broker rules under the Congressional Review Act (CRA), as detailed in House Vote on Repeal. President Donald Trump has signaled support, with his crypto czar, David Sacks, affirming the administration’s backing to the repeal. If signed, this repeal would permanently bar the IRS from implementing similar regulations, significantly impacting DeFi reporting.With bipartisan support, including 76 Democrats joining Republicans in the House vote, this reflects broader political shifts toward supporting crypto innovation, especially under President Trump’s pro-crypto stance, as seen in his executive order for a national crypto stockpile.Did you know? Five draft Forms 1099-DA and three draft Final Instruction versions preceded the finalized IRS crypto broker rules. On Jan. 8, 2025, the IRS issued updated 2025 General Instructions for Certain Information Returns, which included instructions for Form 1099-DA. What is Form 1099-DA? The new crypto tax form for 2025 Form 1099-DA, titled “Digital Asset Proceeds from Broker Transactions,” is a new tax form introduced by the IRS to standardize the reporting of digital asset transactions, such as those involving cryptocurrencies. It was released on Dec. 5, 2024.It’s designed to help taxpayers accurately report their gains or losses from selling or exchanging digital assets and to ensure the IRS can track this income more effectively. Think of it as a specialized version of other 1099 forms — like the 1099-B used for stocks — but tailored for the unique world of crypto and other blockchain-based assets.The form requires “brokers” (like crypto exchanges or platforms) to report specific details about your digital asset sales or exchanges to both you and the IRS. For transactions in 2025, brokers must report:Customers’ name, address and Taxpayer Identification Number (TIN)The date and time of each transactionThe amount and type of digital asset sold (e.g., Bitcoin, Ether), including a unique nine-digit code from the Digital Token Identification Foundation (DTIF) to identify itThe gross proceeds (the total amount customers received in US dollars) from the sale.Along with the crypto brokers, if you (i.e., a taxpayer resident in the US) sell or swap crypto through a broker, you’ll get a Form 1099-DA to use when filing your taxes. You’re still responsible for reporting all taxable crypto events, even if no form is issued (e.g., for trades on non-reporting platforms).Key dates include:Gross proceeds reporting: Begins for transactions on or after Jan. 1, 2025, with reports due in early 2026. This means you’ll receive your first Form 1099-DA for 2025 trades, due to you by Jan. 31, 2026, and to the IRS by Feb. 28 (or March 31 if filed electronically).Basis reporting: Starts for transactions on or after Jan. 1, 2026, including cost basis and gain/loss character for certain brokers.Why is this new form required?Before Form 1099-DA, crypto tax reporting was a mess. Some exchanges issued Forms 1099-MISC or 1099-B, while others provided nothing, leaving taxpayers to manually track their trades. This inconsistency made it hard for people to report accurately and for the IRS to verify income. Thus, it’s part of a broader push to close the tax gap and bring crypto in line with traditional financial reporting.Did you know? Unlike stock reporting, where Form 1099-B covers everything cleanly, crypto’s decentralized nature and lack of universal identifiers posed challenges. Form 1099-DA tackles this with the DTIF code and a focus on digital assets — defined as any blockchain-recorded value, like cryptocurrencies or non-fungible tokens (NFTs), but not cash. How Form 1099-DA shifts crypto reporting On Jan. 10, 2025, the IRS released the final version of Form 1099-DA, titled “Digital Asset Proceeds From Broker Transactions.” Brokers have been instructed to use this form to report specific digital asset transactions occurring from 2025 onward. Herein are the key highlights of the new Form 1099-DA and its implications:Transition rule for tokenized securitiesDigital assets previously reported under Form 1099-B, such as tokenized securities, must now shift to Form 1099-DA. For instance, sales of tokenized stocks or bonds should be reported on Form 1099-DA instead of Form 1099-B. However, a transitional rule for 2025 allows brokers to report cash sales of tokenized securities on either Form 1099-B or Form 1099-DA. This flexibility gives traditional brokers — who may not typically handle digital assets — extra time to update their systems for full compliance by 2026, as outlined in Treasury Decision 10000.Exception in tokenized securities ruleAn exception to the general rule applies to tokenized securities settled or cleared on a Limited-Access Regulated Network (LARN). These transactions must be reported on Form 1099-B, not Form 1099-DA. If a LARN loses its regulated status, brokers can continue using Form 1099-B for affected transactions through the end of that calendar year, ensuring consistency during regulatory shifts.Customer-provided acquisition informationForm 1099-DA includes a new checkbox (Box 8) that brokers must mark if they relied on customer-provided acquisition information to calculate the basis. This ties to final regulations allowing brokers to use such data for specific identification — pinpointing what units were sold or transferred — and requires them to disclose its use. This change, per Treasury Decision 10021, helps taxpayers align their records with broker reports.Did you know? According to the 2025 General Instructions, Form 1099-DA electronic filing is required through the Information Reporting Intake System (IRIS), and Filing Information Returns Electronically System (FIRE) is not an option.Noncovered statusLike Form 1099-B, Form 1099-DA requires brokers to indicate in Box 9 if a digital asset is a “noncovered security,” meaning its basis isn’t reported to the IRS. Unlike earlier drafts, the updated form no longer requires an explanation in Box 10 for this status — Box 10 is now reserved for future use. This simplifies reporting for assets acquired before basis tracking rules apply (e.g., pre-2026 purchases).Number of decimal placesBrokers were earlier required to report the number of units of digital assets sold and transferred up to 10 decimal places. This requirement has been extended to 18 decimal places, reflecting the precision necessary in reporting digital asset transactions.Proceeds clarificationTotal proceeds from the digital asset transaction should exclude gross proceeds from the initial sale of a specified non-fungible token (NFT) created or minted by the recipient. These amounts are instead reported separately in Box 11c, distinguishing creator earnings from secondary sales, per updated instructions.Transfer date Box 12b records the date digital assets were transferred into a custodial account. The final instructions specify that this box should be left blank if the digital assets were transferred on various dates, accommodating scenarios where multiple transfers occur.Qualifying stablecoins and specified NFTsOptional reporting for sales of qualifying stablecoins and specified NFTs comes with specific instructions. For specified NFTs, brokers enter code “999999999” in Box 1a and “Specified NFTs” in Box 1b. This ensures unique assets, like rare digital collectibles, are tracked distinctly from cryptocurrencies or stablecoins.Applicable checkbox on Form 8949Brokers must use new codes — G, H, J, K and Y — on Form 1099-DA to match the recipient’s Form 8949 (Sales and Other Dispositions of Capital Assets) for the tax year. These codes help taxpayers correctly categorize gains or losses, linking broker reports to tax filings seamlessly.Did you know? If asset sales remain unspecified, the IRS will apply first-in, first-out, which might lead to the taxpayer paying higher taxes. How IRS crypto broker rules affect taxpayers The IRS rolled out new cryptocurrency tax reporting rules effective Jan. 1, 2025, targeting brokers and investors with stricter record-keeping and reporting requirements. These changes aim to boost tax compliance and ensure digital asset transactions are reported accurately, bringing crypto in line with traditional financial assets. Here’s what’s new and what it means for you.Cost basis tracking per account: Under the updated rules, crypto investors must now track their cost basis — the original purchase price — separately for each account or wallet, ditching the old universal tracking approach. For every transaction, you’ll need to record the purchase date, acquisition cost and specific details, like the wallet it’s tied to. Starting in 2025, brokers — like centralized exchanges — must report these transactions to the IRS using Form 1099-DA, mirroring how banks report stock trades. This shift, detailed in Treasury Decision 10000 (June 2024), closes loopholes by tying gains to specific accounts, making it harder to obscure taxable events.Specific identification required for transactions: The new regulations require taxpayers to use specific identification for each digital asset sale, pinpointing the exact purchase date, amount and cost of the asset sold. If you don’t provide this, the IRS defaults to the first-in, first-out (FIFO) method — selling your oldest coins first — which could inflate taxable gains if early purchases had lower costs. Previously, many investors averaged their cost basis across all holdings, a simpler but less precise method. This change, effective in 2025, demands detailed records to avoid unexpected tax bills.Temporary safe harbor: To ease the switch, the IRS offers a temporary safe harbor under Revenue Procedure 2024-28. If you’ve been using a universal cost basis method, you have until Dec. 31, 2025, to reallocate your basis across accounts or wallets accurately. This one-time grace period lets you adjust records without penalty, but you’ll need to act fast — brokers won’t report basis until 2026 transactions, so 2025 is on you to get it right.Penalties for noncompliance: Messing up these rules comes with a cost. The IRS has upped the stakes for 2025, increasing fines for underreporting crypto income, adding interest on unpaid taxes, and ramping up audits for mismatched gains and losses. Notice 2024-56 provides penalty relief for brokers making a good faith effort in 2025, but taxpayers don’t get the same leniency — noncompliance could trigger scrutiny, especially with Form 1099-DA giving the IRS clearer data to cross-check.Notably, the IRS’s updated crypto broker rules also affect non-domiciled taxpayers — those living outside the US but subject to IRS reporting — by mandating detailed cost basis tracking for each account and specific identification of digital asset sales on Form 1099-DA, regardless of where they reside. For example, a US citizen in Europe or a foreign national with US-based crypto income must now maintain precise records of purchase dates and costs per wallet, facing increased compliance efforts and potential tax obligations on US-sourced gains.From tracking cost basis per account to facing steeper penalties, these changes aim to align crypto with traditional finance, offering a brief safe harbor to adapt but signaling a clear shift: Compliance is no longer optional, and the tax net now stretches globally, leaving little room for oversight as the crypto landscape matures.
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Iran hints at reopening Strait of Hormuz, ceasefire odds drop
Iran's potential move could ease tensions, but skepticism persists, impacting market confidence and highlighting geopolitical uncertainties. The post Iran hints at reopening Strait of Hormuz, ceasefire odds drop appeared first on Crypto Briefing.
Ripple Reveals Economic Impact of Its Donation
A newly released report reveals that the initial crypto contribution allowed AOF to unlock and deploy capital that funded 905 individual loans for underserved small business owners..
Ethereum Price Prediction: Pepeto Raises Above $8.1M While ETH Drops Below $2,100 and SOL Faces Pressure
Google just warned that quantum computers could crack Bitcoin’s encryption in roughly nine minutes, a finding that rattled the crypto market this week. Ethereum and Solana are both losing ground for different reasons, and the ethereum price prediction shows limited recovery while traders weigh growing risks. The real question is where smart money goes while [...] The post Ethereum Price Prediction: Pepeto Raises Above $8.1M While ETH Drops Below $2,100 and SOL Faces Pressure appeared first on Blockonomi.
KuCoin picked for Nigeria’s virtual asset pilot as sole global exchange
The Central Bank of Nigeria has launched a pilot supervisory program for Virtual Asset Service Providers and selected a first cohort of six entities, with KuCoin standing out as the only global crypto exchange on the list. According to local…
Why Team Identity Checks Are Becoming the Baseline Before Any New Crypto Investment
The age of anonymous founders in the crypto space is fading fast as investors are no longer impressed by flashy slogans or vague promises of “going to the moon.” Instead, they want to know who’s actually building the project: real names, accountability, and a clear understanding of who’s behind the code and the money. In […]
Circle targets wrapped Bitcoin market with new cirBTC product
Circle unveiled cirBTC, a wrapped Bitcoin product backed 1:1 by BTC, as it expands beyond USDC into DeFi and tokenized markets. The post Circle targets wrapped Bitcoin market with new cirBTC product appeared first on Crypto Briefing.
Circle Introduces cirBTC Backed by Onchain BTC Reserves
TLDR Circle has introduced cirBTC as a wrapped bitcoin product backed by native BTC reserves. Each cirBTC token will be fully collateralized and verifiable onchain in real time. Circle stated that it will not rely on third-party attestations or opaque custodians. The company will launch cirBTC first on Ethereum and its Arc blockchain. Circle designed [...] The post Circle Introduces cirBTC Backed by Onchain BTC Reserves appeared first on Blockonomi.
Three Macro Signals Align for Altcoins: But Is It Alt Season?
The ISM Manufacturing PMI has cleared 52 for 3 straight months, but a genuine alt season requires it to push past 55.
Trump’s ‘Stone Age’ Rhetoric Triggers $440M Crypto Wipeout as Bitcoin Slips Below $66,000
Bitcoin fell below $66,000 after Trump’s aggressive rhetoric on Iran, reversing gains from the prior day’s more conciliatory remarks. Analysts warn that bitcoin now acts as a barometer of risk, with $65,500 marked as a critical support level that could unleash cascading liquidations if breached. Market Volatility and Liquidations For the second straight day, President […]
Elon Musk’s X to Auto-Lock First-Time Crypto Mentions
TLDR Elon Musk’s X will auto-lock accounts that mention cryptocurrency for the first time. The platform will require additional verification before restoring posting access. Head of Product Nikita Bier said the feature aims to remove the incentive behind crypto phishing attacks. The move follows user reports of hijacked accounts promoting scam tokens and fake giveaways. [...] The post Elon Musk’s X to Auto-Lock First-Time Crypto Mentions appeared first on Blockonomi.
Iran threatens long-term strait closure as US plans tariffs
Iran's strategic escalation and US economic measures heighten geopolitical tensions, impacting global markets and ceasefire prospects. The post Iran threatens long-term strait closure as US plans tariffs appeared first on Crypto Briefing.
Former CFTC Chair Chris Giancarlo Urges Banks to Back Clarity Act
TLDR Former CFTC Chairman Chris Giancarlo said banks need the Clarity Act more than crypto firms. Giancarlo stated that crypto companies can move offshore and continue building their platforms. He explained that banks cannot relocate abroad and must operate under US regulations. Giancarlo said banks need clear digital asset rules to stay competitive in the [...] The post Former CFTC Chair Chris Giancarlo Urges Banks to Back Clarity Act appeared first on Blockonomi.
Polymarket Brings TradFi Markets to Prediction Trading With Pyth Integration
Polymarket has integrated Pyth Network as the resolution source for a new category of traditional asset markets on its prediction platform, giving traders a data-backed way to speculate on U.S. equities, commodities, and exchange-traded funds (ETFs). Pyth Terminal Goes Live as Polymarket Adds Daily Close Markets for U.S. Stocks The partnership, announced Thursday, covers daily […]
X to roll out auto-lock feature for first-time crypto mentions
X plans to auto-lock and verify first-time crypto mentions as Head of Product Nikita Bier says the move could curb phishing scams on X. The post X to roll out auto-lock feature for first-time crypto mentions appeared first on Crypto Briefing.
USDC Maker Finally Launching Wrapped Bitcoin Token
Circle, the fintech heavyweight behind the widely adopted USDC stablecoin, is making a major play to bring the world's largest cryptocurrency into the decentralized finance (DeFi) ecosystem.
Coinbase Secures Conditional Approval for Trust Company in the U.S.
The U.S. Office of the Comptroller of the Currency (OCC) has granted cryptocurrency exchange Coinbase conditional approval to register a national trust company — Coinbase National Trust Company. “This is the result of years of investment in regulatory compliance, engagement with regulators, and convincing them that the right path for cryptocurrencies is through the system, not around it,” stated the trading platform's press release. Exchange representatives clarified that Coinbase is not becoming a commercial bank. The company will not accept retail deposits or engage in fractional reserve banking. The aim of establishing the trust firm is to “ensure uniform federal regulation in the area of asset custody and market infrastructure.” “The OCC's provisions are designed precisely for this purpose — to ensure clear oversight of custodial assets. And that is exactly how we intend to apply them,” emphasized Coinbase. Receiving conditional approval signifies that the exchange is “ready to build the next stage of financial market development.” In practice, the platform will operate under direct federal oversight. Closer interaction with regulators will allow the company to align its future activities in digital asset custody and lay the groundwork for new products, including crypto payments. The approval comes amid active discussions of the CLARITY Act cryptocurrency legislation in Washington, in which Coinbase itself is participating. Currently, the document is “stalled” in the Senate due to disputes regarding the prohibition on earning income from holding stablecoins. Back in December 2025, the OCC permitted national banks and federal savings associations to act as intermediaries in cryptocurrency transactions.
$1B Ethereum Derivatives Sell-Off Follows Trump Remarks
TLDR Ethereum derivatives recorded more than $1 billion in sell volume within one hour after Trump’s speech on Iran. Ethereum’s price fell over 4% as traders increased short positions in the derivatives market. Binance accounted for nearly $968 million of the total Ethereum derivatives sell activity. The S&P 500 lost about $500 billion in market [...] The post $1B Ethereum Derivatives Sell-Off Follows Trump Remarks appeared first on Blockonomi.
Odds of US forces entering Iran by april 30 rise to 63% after trump’s speech
Increased odds of US forces entering Iran could escalate geopolitical tensions, impacting global markets and international relations. The post Odds of US forces entering Iran by april 30 rise to 63% after trump’s speech appeared first on Crypto Briefing.
Ripple Completes 700M XRP Escrow Lock for April
TLDR Ripple re-locked 700 million XRP into its escrow account on April 1, 2026. The company returned the tokens in two transactions of 500 million and 200 million XRP. Ripple retained 300 million XRP, increasing the circulating supply. On-chain data showed 33.344 billion XRP remained in escrow after the update. XRP price fell by more [...] The post Ripple Completes 700M XRP Escrow Lock for April appeared first on Blockonomi.
Fundrise’s VCX fund to tokenize shares on Kraken’s xStocks
Technology investment platform Fundrise is partnering with crypto exchange Kraken to tokenize shares of its Fundrise Innovation Fund VCX, according to reporting from Crowdfund Insider. The deal will see the publicly listed VCX vehicle, which trades on the NYSE, wrapped…
Bitcoin Under Pressure As Selling Pressure Refuses To Ease In Sideways Market Conditions
For the past few days, the price of Bitcoin has been hovering between the $70,000 and $64,000 range, with no definite trajectory within the period. Despite the lack of direction in price, selling activity has continued across the market, effectively putting robust pressure on the leading cryptocurrency asset. Persistent Selling Activity Weighs on Bitcoin While […]
Jordan calls for arab defense treaty activation amid US-Iran tensions
Jordan's call for activating the Arab defense treaty may escalate regional military alliances, complicating US-Iran peace efforts. The post Jordan calls for arab defense treaty activation amid US-Iran tensions appeared first on Crypto Briefing.
CFTC and DOJ Sue Illinois Over Prediction Market Crackdown
TLDR The CFTC and the Department of Justice filed a lawsuit against Illinois over its action against prediction markets. Federal regulators argue that the Commodity Exchange Act gives the CFTC exclusive authority over event contracts. Illinois sent cease-and-desist letters to platforms including Kalshi, Robinhood, and Crypto.com in 2025. The CFTC claims that event contracts qualify [...] The post CFTC and DOJ Sue Illinois Over Prediction Market Crackdown appeared first on Blockonomi.
Top 3 Magnificent 7 Stocks to Buy: Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN) Lead the Pack
Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN) lead the Magnificent 7 stocks with AI growth, cloud strength, and compelling valuations for 2025. The post Top 3 Magnificent 7 Stocks to Buy: Alphabet (GOOGL), Microsoft (MSFT), and Amazon (AMZN) Lead the Pack appeared first on Blockonomi.
Amazon (AMZN) Shares Slide After Implementing 3.5% Surcharge on Marketplace Sellers
Amazon (AMZN) stock drops 0.89% after unveiling 3.5% fuel surcharge for third-party sellers, effective April 17, as Iran war pushes oil prices higher. The post Amazon (AMZN) Shares Slide After Implementing 3.5% Surcharge on Marketplace Sellers appeared first on Blockonomi.
Arthur Hayes Reacts as Drift Hack Hits Solana
TLDR Arthur Hayes questioned whether native multisig wallets on Solana could have prevented the Drift Protocol hack. Early investigations showed that attackers compromised administrative access rather than exploiting smart contract code. Solana leaders stated that human weaknesses and operational security gaps enabled the breach. Drift Protocol froze all functions and removed the compromised wallet from [...] The post Arthur Hayes Reacts as Drift Hack Hits Solana appeared first on Blockonomi.
Ether at risk of new 2026 lows if bulls fail to turn $2.4K into support
Fresh lows below $1,736 could be in store for Ether price if bulls fail to hold the altcoin’s price above an important ascending trendline.
IMF Report Calls Stablecoins Weak Point in Tokenization
TLDR The IMF states that tokenization replaces core financial architecture rather than improving existing systems. The report identifies stablecoins as the weakest link within the tokenized financial structure. Stablecoin transaction volume reached $1.8 trillion per month by early 2026. The IMF says 97% of stablecoins are denominated in U.S. dollars. The report warns that stablecoins [...] The post IMF Report Calls Stablecoins Weak Point in Tokenization appeared first on Blockonomi.
CFTC and DOJ Sue 3 States as Jurisdiction Battle Raises Stakes for Prediction Markets
Federal authorities have launched a coordinated legal offensive to cement control over prediction markets, challenging state interventions and raising the stakes for how event contracts are governed across U.S. derivatives markets. CFTC-DOJ Lawsuits Target State Control Over Prediction Markets Authority The Commodity Futures Trading Commission (CFTC), the U.S. derivatives regulator, and the Department of Justice […]
Ripple Prime Wins BBB Grade as Kroll Notes Backing
TLDR Kroll assigned Ripple Prime a BBB issuer rating, placing it at the lowest investment-grade tier. The agency cited strong financial backing from Ripple Labs as a key credit strength. Ripple Prime became profitable in 2025 after significant capital support from its parent company. Kroll noted that revenue remains concentrated in derivatives clearing and short-term [...] The post Ripple Prime Wins BBB Grade as Kroll Notes Backing appeared first on Blockonomi.
Sidus Space (SIDU) Stock Soars 44% on LizzieSat-3 Revenue and Strong Cash Position
Sidus Space (SIDU) stock jumps 44% after reporting $43.2M cash, LizzieSat-3 operational revenue, and major defense pipeline expansion in FY2025 results. The post Sidus Space (SIDU) Stock Soars 44% on LizzieSat-3 Revenue and Strong Cash Position appeared first on Blockonomi.
Airline Stocks Tumble as Trump’s Iran War Comments Spark Jet Fuel Cost Concerns
United Airlines (UAL) and Southwest (LUV) stocks fell sharply as Trump's Iran war comments and 70% jet fuel price surge weigh on airline sector outlook. The post Airline Stocks Tumble as Trump’s Iran War Comments Spark Jet Fuel Cost Concerns appeared first on Blockonomi.
Airline Stocks Tumble as United (UAL) and Southwest (LUV) Face Soaring Jet Fuel Crisis
United Airlines (UAL) dropped 3.2% and Southwest (LUV) fell 2.3% as concerns mount over prolonged high jet fuel costs from the Iran conflict. The post Airline Stocks Tumble as United (UAL) and Southwest (LUV) Face Soaring Jet Fuel Crisis appeared first on Blockonomi.
Trump’s speech signals ongoing conflict, dims ceasefire chances
Trump's speech exacerbates geopolitical tensions, undermining short-term diplomatic efforts and impacting market confidence in conflict resolution. The post Trump’s speech signals ongoing conflict, dims ceasefire chances appeared first on Crypto Briefing.
MSTR Stock Keeps Falling as MSTY’s Huge Yield Sparks a New Debate
TLDR MSTR stock remains under pressure as Bitcoin continues trading in a tight range. Strategy faces added risk because its share count keeps rising through continued dilution. The company’s net asset value has dropped below 1, removing a key support for the stock. MSTY has gained attention because it offers an unusually high yield tied [...] The post MSTR Stock Keeps Falling as MSTY’s Huge Yield Sparks a New Debate appeared first on Blockonomi.
Hyperliquid whales sit on $3.4B in positions as longs edge shorts
According to real-time data from analytics platform Coinglass, large traders on perpetual DEX Hyperliquid currently hold a combined $3.4 billion in notional positions across the venue. Of that, $1.737 billion is in long positions, accounting for 51.08% of whale exposure,…
XRP Makes History Again With ZK Privacy Transactions, Here’s The Update
Crypto pundit Pumpius has drawn attention to the launch of ZK privacy transactions on the XRP Ledger. He noted that this is a historic moment for the network and XRP, as the altcoin gains new utility. XRP Makes History With ZK Privacy Transactions In an X post, Pumpius stated that history has been made with […]
Cifra Markets review: A regulated gateway to crypto trading
Cifra Markets aims to bring regulated, transparent access to crypto in a $2.55 trillion global market. At the time of writing, the global cryptocurrency market is a $2.55 trillion market, yet millions of users still lack access to a regulated,…
Bitcoin Net Realized Losses Worsen 60% Weekly to -$410M
A recovery signal will require STH SOPR to return above 1.0 and Net Realized P/L to simultaneously turn positive.
Circle Reveals Wrapped Bitcoin Product With Real-Time Onchain Reserve Verification
Circle announced cirBTC, a new wrapped bitcoin token backed 1:1 by native BTC, designed to give institutional users verifiable, onchain exposure to bitcoin across decentralized finance ( DeFi) and traditional finance (TradFi). Circle Expands Beyond Stablecoins With cirBTC Wrapped Bitcoin Product The company, best known as the issuer of USDC, posted the announcement on its […]
x402 joins Linux Foundation with backing from Google, Stripe, AWS
Coinbase’s x402 protocol has formally joined the Linux Foundation, with the goal of turning its AI-focused payments stack into an open, standardized layer for internet-native transactions, according to reporting from CoinDesk. Designed to embed stablecoin payments directly into the HTTP…