Author: AltCoinDrops.com
Ahead of the April tax return filing deadline, it’s worth noting that Bitcoin mining and crypto staking still fall within the income tax bracket and face ‘burdensome’ double taxation. Currently, the U.S. tax watchdog, the IRS (Internal Revenue Service), taxes staking rewards immediately upon receipt as income and again if you sell them later under capital gains tax. In a letter last December, a group of lawmakers led by Mike Carey asked Scott Bessent, the Treasury Secretary and acting Commissioner of the IRS, for clarity on the tax treatment of crypto staking. The lawmakers called the current tax regime ‘burdensome’…
SpaceX is sitting on 8,285 BTC worth $603 million in Coinbase Prime custody while reporting a loss of nearly $5 billion for 2025, according to Arkham Intelligence data and a report from The Information published late Friday.The loss marks a sharp reversal from a year earlier when SpaceX generated roughly $8 billion in profit on revenues estimated between $15 billion and $16 billion.Revenue grew to $18.5 billion in 2025, but the integration of xAI, Elon Musk’s artificial intelligence venture acquired in February, drove costs past the top line.There are no changes to the company’s bitcoin position despite these losses. Transfer…
A powerful artificial intelligence video creator that appeared without warning on international testing platforms has turned out to be the work of Chinese technology company Alibaba, giving the firm a major boost in the competitive AI race. The tool, called HappyHorse-1.0, showed up on the Artificial Analysis benchmarking website around April 7 without any company name attached. It quickly rose to first place in rankings for creating videos from text descriptions and turning still images into moving clips. On Friday, the people behind HappyHorse set up a new account on X and said the project came from Alibaba’s ATH AI…
A long-running dispute between OKX founder Star Xu and Binance founder Changpeng “CZ” Zhao resurfaced Thursday, with Xu calling CZ a “habitual liar” in a series of posts on X that revisit allegations dating back more than a decade.The clash traces back to Zhao’s brief tenure at OKCoin, founded by Xu, when he was accused in 2015 of “harmful acts of conduct” and misleading statements tied to a contract dispute involving Roger Ver, claims Zhao has previously disputed.This latest flare-up also follows an earlier public disagreement in January, when Xu blamed Binance-linked market dynamics for amplifying the Oct. 10 crypto…
TLDR: Oceanus and HashKey signed an MOU to deploy stablecoin settlement across Asian trade finance corridors. The partnership integrates AI-driven ODIN platform with regulated infrastructure to improve settlement efficiency. Stablecoin settlement enables faster, secure transactions for commodity trades including seafood, meats, and wines. The initiative targets the $2.5 trillion trade finance gap affecting SMEs in global markets. Stablecoin settlement is advancing into global trade finance as Oceanus Group Limited and HashKey Group formalize a strategic partnership. The two firms signed a Memorandum of Understanding to deploy regulated infrastructure across Asian trade corridors. The collaboration aims to reduce inefficiencies in cross-border…
Bitcoin institutions are betting on both sides of the market at $72,000, buying $80,000 call options while simultaneously purchasing downside protection, as Friday’s CPI data and US-Iran peace talks in Islamabad leave direction entirely unclear. Summary Institutional traders are buying $80,000 call options while also loading downside protection. Bitcoin has stalled at $72,000 as investors await clarity from the CPI print and Iran ceasefire talks. US-Iran peace negotiations in Islamabad this weekend could provide the next decisive directional catalyst. Bitcoin has been range-bound near $72,000 on April 10, with institutional positioning reflecting deep uncertainty about the next major move. Investors…
One of Ethereum’s early ICO-era wallets is back in motion, and the size is hard to ignore. An address that received 38,800 ETH at genesis has transferred 18,500 ETH to another wallet, putting fresh attention on a long-term holder sitting on one of the market’s most extreme paper gains. On Etherscan’s address page, the original wallet shows a 38,800 ETH genesis allocation and a latest outgoing transaction about five hours ago sending 18,500 ETH to a second address. That alone would be enough to get the market watching. Wallets from Ethereum’s earliest days do not move this kind of size…
AlphaTON Capital is looking to invest $43 million in its AI infrastructure operations, financed through a deal with Vertical Data Inc. The deal is expected to close in Q2 2026 and represents a “significant expansion of the existing collaboration” between the firms. “Vertical Data has been a consistent partner across multiple phases of this infrastructure project,” said Brittany Kaiser, CEO of AlphaTON Capital. “This agreement is a vital step in scaling our compute capacity. It ensures that our platform objectives—specifically the convergence of AI, digital assets, and confidential compute—are supported by the most advanced hardware and efficient financing models available…
Spot XRP ETFs have recorded billions in net inflows, a bullish signal for institutions. But XRP treasury is better for an investment approach, claims an ex-Ripple and current Evernorth Holdings executive. XRP price is defying the broader crypto market’s negative trend amid the US-Iran ceasefire and steady institutional interest. Prices fell over the past 24 hours, but remain above the key support levels. Ex-Ripple Says XRP DATs Are Superior to Spot XRP ETFs XRP digital asset treasury (DAT) and ETFs are two investment options for institutional and retail investors to gain regulated exposure to XRP. Spot XRP ETFs have recorded…
The USPS crisis reached Congress in mid-March when Postmaster General David Steiner testified before the House Oversight Subcommittee on Government Operations that the agency will run out of cash in less than 12 months at its current rate and may be forced to stop delivering mail. Summary Steiner told lawmakers directly: “At our current rate, we’ll be out of cash in less than 12 months,” adding that “less than a year from now, the Postal Service will be unable to deliver the mail if we maintain the status quo”; pressed for a specific date, he said USPS could exhaust funds…