This week in crypto: The IRS postpones key reporting rules, Celsius battles in court, Do Kwon faces charges in the U.S., Ethereum ETFs celebrate a record year, and more!
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In this weekly recap, we cover:
IRS Delays Crypto Reporting Rules: The IRS pushes its cost-basis reporting requirements for crypto assets to 2026, giving brokers more time to adapt.
Siqi Chen’s Rug Pull Controversy: The MIRA token creator faces backlash after a mishap with his test token ZERO, sparking skepticism in the crypto community.
Do Kwon Extradited to the U.S.: Terraform Labs’ co-founder faces fraud charges in the U.S. after Montenegro hands him over to authorities.
Ethereum ETFs’ Record Inflows: U.S. spot Ethereum ETFs close 2024 with $2.7 billion in net inflows, signaling strong market interest.
Celsius Appeals FTX Ruling: Celsius challenges a court decision disallowing its $444 million claim against FTX in a heated legal battle.
USD0 Stablecoin Depegging Drama: A whale-triggered sell-off briefly depegs USD0, but the stablecoin quickly regains its $1 value.
HYPE Token Staking Launches: HyperLiquid unveils staking for its HYPE token, with $9.4 billion staked at launch.
Tether’s Bitcoin Investment Grows: Tether adds $700 million worth of Bitcoin to its strategic reserve, continuing its diversification strategy.
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#bitcoin #ethereum #crypto #cryptocurrencies
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