Crypto Industry News & Market Trends

Crypto Tax Rules May Still Miss 86% of Onchain Activity

Chainalysis estimates at least $457 billion in potentially taxable onchain crypto activity during 2025.The United States accounted for $112.6 billion, followed by Germany at $24.1 billion and China at $21 billion.Only about 14% of the onchain activity analyzed falls within CARFs practical reporting reach.DeFi, self-custody, P2P transfers and several forms of onchain income remain difficult for tax authorities to reconstruct.　　Governments are preparing for the biggest expansion of international crypto tax reporting to date, but the data they receive may still capture only a narrow portion of what actually happens onchain. New research from Chainalysis estimates that potentially taxable onchain crypto activity exceeded $457 billion in 2025, while only about 14% of the activity analyzed would fall within the practical reach of the OECDs Crypto-Asset Reporting Framework, or CARF.　　$457 Billion Is a Lower Boundary, Not a Global Crypto Tax Bill　　The headline number requires an important qualification before considering its implications.　　Chainalysis is measuring activity that could potentially be relevant for taxation, not the amount of unpaid tax governments are entitled to collect. Tax treatment differs substantially between jurisdictions, and exemptions, holding periods and transaction classifications can change whether an individual event produces a tax liability.　　The research combines realized gains associated with centralized

14 hours agoIndustry

Unstoppable Domains drops ICANN plans, offers refunds

Unstoppable Domains has dropped plans to seek ICANN recognition for its own Web3 domain extensions after finding that compliance, application, and auction costs would exceed the sales it expected to recover.　　Unstoppable Domains says ICANN costs became too high　　Unstoppable Domains said it did not submit ICANN applications for nine of its Web3 extensions, including .crypto, .wallet and .blockchain, before the 2026 application round closed. The decision ends its plan to add conventional DNS support to the affected blockchain-based domains.　　According to the companys founder, Matthew Gould, the expected cost of compliance, preparing each application, and competing in possible auctions exceeded the amount Unstoppable believed it could recover through domain sales. ICANN may place applicants into contention when two or more parties request the same extension, creating another potential expense beyond the initial application and evaluation process.　　The company has notified affected customers by email and plans to refund purchases tied to extensions that it did not take into the 2026 application round. However, Unstoppable has not publicly released a complete list of eligible extensions, the amount covered by each refund, or the process customers must follow to receive their money.　　Questions from holders have centered on whether refunds will cover every domain sold with

14 hours agoIndustry

Altcoin Volume Dominance Hits Two-Year High as Traders Pour $135B Into the Market

Binance traders heavily favored altcoins during Bitcoins rally, pushing their volume share to an unprecedented 65% level across two years.　　Altcoins have taken a leading role in the latest crypto market rally, as trading activity and market capitalization surged alongside Bitcoins sharp move higher. This comes after an extended period of low volatility and subdued trading volumes.　　According to CryptoQuant analyst Darkfost, investor attention and capital have moved strongly toward altcoins, “potentially signaling a broader resurgence of risk appetite across the market.”　　Biggest Dominance Surge in 2 Years　　Bitcoin gained nearly 25% over the past week, while altcoins significantly amplified the broader market trend. The total altcoin market capitalization, measured through Total2 and excluding Ethereum, increased by around $135 billion during the same period. Darkfost said that the scale of the move highlights how quickly capital has entered the altcoin segment.　　A notable change was also seen in trading activity. On Binance, which represents nearly 40% of altcoin trading volume across exchanges, these tokens accounted for as much as 65% of total volume at their peak. At that point, Bitcoin made up just 21% of volume, while Ethereum accounted for 13.6%.　　Darkfost explained that altcoins had not held this much of Binances trading volume in two

14 hours agoIndustry

Core Lightning Tells Node Operators To Go Offline, With No Patch Published

The CLN team said operators who don‘t upgrade should run their nodes –offline, but the fixed binaries aren’t out yet and the details of what they fix are under a two-week embargo.　　Core Lightnings maintainers told node operators to take their nodes offline unless they upgrade to a release that has not been published yet.　　That leaves operators of one of Bitcoins main Lightning implementations with a single available action — shutting the node down — and no public description of what they are defending against. Core Lightning, maintained by Blockstream with outside contributors, runs a share of a network carrying 375,019,291,916 sats, or about 3,750 BTC, across 33,101 channels and 16,420 nodes as of the Aug. 20 snapshot, per mempool.space.　　The guidance came in a message circulated in the Core Lightning Discord and reproduced on stacker.news on Wednesday by an anonymous poster. Rather than shipping the point release it promised earlier this month, the team said it will publish binaries carrying fixes for many of the reported vulnerabilities while holding back what they fix.　　Discover more　　Selecting An Online Payment Gateway　　Selecting Enterprise Cloud Computing Platforms　　NEWS　　“The details of the release will remain under embargo for two weeks,” the message said. “The binaries will be accompanied

14 hours agoIndustry

40 Days After Filing A Criminal Case, Gate's $1.7M Theft Victim Still Awaits Answers

Theres a specific kind of frustration that builds when a platform like Gate says all the right things publicly and then goes quiet. “Full cooperation.” “Take responsibility to the end.” 　　Those exact phrases came from Gates own leadership earlier this month, delivered with real conviction and even backed by a public fund placed on-chain for accountability. Forty days later, the user who actually lost the money says nobody from the exchange has reached out, no lawyer has followed up, and $1.7 million in USDT is still gone.　　Where This Case Actually Started　　What made this case escalate publicly wasn‘t just the size of the loss, it was the dispute that followed over whether the breach was actually the exchange’s fault or the user‘s. Gate’s initial response reportedly leaned toward suggesting the security changes were logged as coming from the users own actions, a position the victim strongly disputed. Under mounting public pressure, Gate apologized and committed to a formal reinvestigation.　　Discover more　　Investors　　investor　　Finance　　What Han Gate Promised Earlier This Month　　That reinvestigation came with a direct, personal commitment from Gate‘s own leadership. In a statement posted earlier this month, Han, representing Gate, wrote: “Gate will take full responsibility for this matter to the end. Lawyers have

14 hours agoIndustry

Altcoin Season Builds Momentum, but Key Index Still Below 50

Key InsightsAltcoin Vectors Altcoin Impulse reached 93%, indicating strong short-term participation across altcoins.Broader Altcoin Season Indexes remain below 50, meaning a confirmed market-wide altcoin season has not yet arrived.Ethereums recent outperformance could support wider rotation, but rising Bitcoin dominance complicates the altseason thesis.　　Altcoin season expectations are rising as more cryptocurrencies participate in the latest market rebound. Altcoin Vectors proprietary Altcoin Impulse measure climbed to 93%, suggesting unusually broad short-term participation.　　However, established Altcoin Season Indexes remain well below their confirmation thresholds. BlockchainCenter currently places its 90-day reading at 43, meaning fewer than 75% of eligible large-cap altcoins have outperformed Bitcoin during the period.　　Altcoin Season Index Gains Strength As Market Breadth Expands　　The latest move has put altcoin season back in focus as more coins begin to follow Bitcoin higher. According to Altcoin Vector, the Altcoin Impulse has surged to 93%, showing that the rally is no longer limited to a small group of altcoins.　　The reading is important because it points to strong market breadth. A large share of altcoins is taking part in the current move, suggesting that traders are spreading their attention beyond Bitcoin.　　Discover more　　investors　　Digital Currencies　　Finance　　Altcoin Season Analysis | Source: Altcoin Vector　　The rise also comes after Bitcoin made a breakout that

14 hours agoIndustry

RAIN surges 21% after $108M burn and Hyperliquid listing - Can it clear $0.0195？

RAIN spent most of July and part of the first half of August reversing Junes rally before settling between $0.0128 and $0.0139. That month-long range slowed the decline and has helped form a base for this new upswing.　　Over the last 24 hours, RAIN [RAIN] surged by 20.63%, reaching a high of $0.0176. This was after breaking through the resistance level that was previously formed by the range of $0.0165 to $0.017.　　Stronger volume accompanied the move, showing that participation increased as the price left its established range.　　Source: TradingView　　The rally then reached $0.019503, where selling pulled the price nearly 10% below the session high.　　Discover more　　Investors　　Merchant Services & Payment Systems　　Finance　　After this sell-off, however, RAIN still traded above the June high, which was the main resistance. This resulted in the token retaining the breakout and keeping it from reverting back to its prior trading range.　　The large upper wick on the bar clearly shows the presence of supply around $0.0195. Conversely, the $0.0165 – $0.017 zone serves as the closest potential support level.　　Therefore, going forward into their next sessions, RAIN will be trading with an established breakout but also a significant amount of overhead resistance.　　However, moving the price above $0.017 remains key to continuing to

14 hours agoIndustry

Taiwan Dollar: Consolidation range with upside risks against US Dollar – Commerzbank

Commerzbank‘s Dr. Henry Hao and Charlie Lay highlight that Taiwan’s booming AI-driven exports and strong external surplus create a fundamentally supportive backdrop for the Taiwan Dollar (TWD). Despite robust Gross Domestic Product (GDP) and export growth, the Central Bank of the Republic of China (CBC) is expected to keep rates at 2%, intervening to smooth TWD appreciation. They expect USD/TWD to trade within a defined consolidation range near term.　　Discover more　　Finance　　investor　　NEWS　　Taiwan Dollar supported by AI boom　　“The latest data point to further upside risk to already exceptionally strong GDP growth. Q2 GDP expanded 12.9% yoy, and the government recently raised its 2026 growth forecast sharply to 11.05%, reflecting booming AI-related exports and investment.”　　“For monetary policy, the Central Bank of the Republic of China (CBC) is still expected to leave the policy rate unchanged at 2% at the next meeting on 17 September. Despite the stellar growth backdrop, inflation pressures remain relatively contained at around 2.1% this year.”　　“CBC confirmed that it intervened to smooth volatile capital flows in July. Year-to-date, TWD is broadly flat vs USD. Near term, we expect USD/TWD to consolidate in a 31.50-32.00 range, with risks tilted modestly to the downside if broad USD weakness persists.”　　“For USD/TWD, the macro backdrop

14 hours agoIndustry

Strategy’s MSTR quietly outperforms Bitcoin’s $80,000 rally as STRC closes in on $100

Bitcoins sharp two-week recovery, which briefly pushed its value above $80,000, has brought Michael Saylors Strategy BTC treasury back into profit and lifted its common stock faster than the cryptocurrency.　　Related Company Strategy Business intelligence software　　BTCs price rebound accelerated after the US Treasury moved to expand buybacks of longer-dated government debt, easing pressure on yields and weakening the dollar.　　Renewed optimism around US crypto policy, heavy short liquidations, and stronger demand for spot Bitcoin exchange-traded funds added further momentum to the upward move.　　Related Asset Bitcoin #1 BTC · $78,474.23 24-hour change: down 0.58% 24H Down 0.58% 7D Up 14.99% 30D Up 20.79%　　As a result, Bitcoin briefly topped $81,000 on Tuesday, its highest level in more than three months, after spending much of the first half of August near the low-$60,000 range. It has slightly retraced to $78,772 as of press time.　　Still, the price recovery has reached a critical point for Strategy, which spent the summer rebuilding liquidity and supporting its preferred securities after falling Bitcoin prices raised questions about its financing model.　　The company has not resumed Bitcoin purchases, but the value of its existing holdings has risen enough to put more than $3 billion of unrealized gains back on its balance sheet.　　MSTR

14 hours agoIndustry

US Banks Join Forces to Build a Blockchain of Their Own

In briefThirty-nine state bankers associations formed the BankChain Alliance to develop blockchain infrastructure owned and governed by banks.The proposed network could support tokenized deposits, stablecoins, programmable payments, and automated settlement.The alliance has not selected a technology provider or disclosed its architecture, governance structure, or regulatory framework.　　Thirty-nine state banking trade groups have formed the BankChain Alliance, a coalition planning a shared blockchain network for community and regional banks.　　Announced Tuesday, the proposed network aims to support tokenized deposits, stablecoins, programmable payments, and automated settlement for thousands of U.S. financial institutions. It is targeting a 2027 launch but has yet to name a technology provider, blockchain, governance model, or participating banks.　　Myriad: Crude oils next move？ Click to make your prediction.　　The alliance said the shared network would help banks of all sizes adopt blockchain-based services while maintaining existing regulatory standards.　　“Through an unprecedented collaboration representing thousands of banks, BankChain Alliance is developing a secure, regulated, industry-built and industry-owned network that allows institutions of all sizes to provide modern capabilities so they can continue serving customers safely and efficiently in rural, urban and regional communities across the country,” Interim Chair of the BankChain Alliance, and Florida Bankers Association President and CEO, Kathy Kraninger said in a

14 hours agoIndustry

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