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The U.S. Internal Revenue Service (IRS) has issued final regulations requiring decentralized finance (DeFi) brokers to report the gross proceeds from digital asset transactions and provide customers with Form 1099, collecting user transaction information such as names and addresses. The regulations apply to front-end service providers that interact directly with users, such as entities offering access portals to decentralized protocols, but exclude the protocols themselves. The rules place DeFi brokers under the same tax reporting obligations as traditional securities brokers and are set to take effect on January 1, 2027. — link : Wu Blockchain News

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Cryptoy ₿

US IRS finalizes controversial tax rule requiring 'DeFi brokers' to collect user trading information — link | tl;dr : unfolded. DeFi

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JUST IN: 🇺🇸 US Congressman Ro Khanna calls to ban Congress from trading stocks. : Watcher Guru

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Are you paying attention yet? : Bitcoin

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EigenLayer has continued to lead the restaking sector, starting with a $1.3B TVL, peaking at $20B by June, and stabilizing at $16B despite a Q3 dip — link : unfolded. DeFi

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Llama Party: Resupply, feat. Boz + Cryptovestor - 𝕏/@leviathan_news : Leviathan News

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🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,996 #BTC (192,029,697 USD) transferred from unknown wallet to unknown wallet
Details : Whale Alert

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Cryptoy ₿

🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,996 #BTC (192,523,369 USD) transferred from unknown wallet to unknown wallet
Details : Whale Alert

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Cryptoy ₿

WuBlockchain's Top 10 News of 2024

Bitcoin Surpasses $100,000, Spot ETFs for Bitcoin and Ethereum Approved, Trump Wins Presidency and Strongly Advocates for Cryptocurrency, Fed Initiates Interest Rate Cuts in September, CZ and SBF Sentenced, VC Coins Cool Down While MEME Coins Surge and more — link : Wu Blockchain News

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🚨 🚨 🚨 🚨 🚨 99,999,996 #USDT (100,079,995 USD) transferred from #Arbitrum to #Binance
Details : Whale Alert

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The National Bank of Cambodia (NBC) has for the first time allowed commercial banks and payment institutions to provide services involving Category 1 crypto assets, including secured or stablecoins, but unsecured cryptocurrencies such as Bitcoin remain prohibited. — link : Wu Blockchain News

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The Bitget team released a new version of the BGB white paper. 800 million BGB held by the core team will be burned at one time, accounting for 40% of the total supply. The value of the burned part exceeds 5 billion US dollars. The total supply of BGB will be reduced to 1.2 billion, and 100% of it will be fully circulated. Starting in 2025, Bitget will repurchase and burn BGB at 20% of the quarterly profits of the exchange and wallet business. — link : Wu Blockchain News

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Binance listing pre-selected pool Binance Alpha announced the 8th batch of tokens, including arc, WHY, APU, HAPPY, and FWOG. : Wu Blockchain News

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SlowMist reminds users to be wary of phishing attacks disguised as Zoom meeting links, in which attackers use the domain name "app[.]us4zoom[.]us" to impersonate legitimate Zoom meeting links. After downloading, hackers will steal mnemonics and private keys. The hacker has made a profit of over one million US dollars. — link : Wu Blockchain News

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Ethereum spot ETFs had a total net inflow of $117 million on December 26, with Fidelity ETF FETH having a net inflow of $82.962 million and BlackRock ETF ETHA having a net inflow of $28.1754 million. — link : Wu Blockchain News

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🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 188,990,000 #USDT (188,964,958 USD) transferred from #Cumberland to unknown wallet
Details : Whale Alert

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🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 7,999 #BTC (751,989,092 USD) transferred from #Coinbase to unknown new wallet
Details : Whale Alert

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🚨 🚨 🚨 700 #BTC (65,422,912 USD) transferred from unknown wallet to #Gemini
Details : Whale Alert

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The Montenegrin Minister of Justice has ruled to extradite Do Kwon to the United States rather than South Korea, according to Montenegro news outlet Vijesti. - vijesti.me : Leviathan News

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JUST IN: Terra Luna Founder Do Kwon to be extradited to the United States. : Watcher Guru

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🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 2,200 #BTC (209,787,018 USD) transferred from #Gemini to unknown wallet
Details : Whale Alert

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Vijesti confirms that the Minister of Justice of Montenegro has signed a decision ordering the extradition of Do Kwon to the United States, refusing to extradite him to the Republic of Korea, where authorities believe Do Kwon lied to investors and is suspected of hiding his wealth. — link : Wu Blockchain News

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Cryptoy ₿

Montenegrin Minister of Justice signs decision ordering the extradition of Do Kwon to the USA — link : unfolded.

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🚨 🚨 🚨 🚨 🚨 30,000 #ETH (101,790,044 USD) transferred from unknown wallet to #Deribit
Details : Whale Alert

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Cryptoy ₿

The Kyrgyz government released the 2024 budget document, and the cryptocurrency mining tax contributed about $535,000 in taxes to the country's economy. The cryptocurrency mining tax rate in Kyrgyzstan is 10% of the electricity bill. — link : Wu Blockchain News

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🔥 🔥 🔥 50,000,000 #USDC (50,032,685 USD) burned at USDC Treasury
Details : Whale Alert

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Cryptoy ₿

27 Dec Options Data
150,000 BTC options expired with a Put Call Ratio of 0.69, a Maxpain point of $85,000 and a notional value of $14.17 billion.
1.12 million ETH options expired with a Put Call Ratio of 0.41, a Maxpain point of $3,000 and a notional value of $3.74 billion.
With annual delivery today, there are $18 billion in options expiring for the last delivery of the year. — link : Wu Blockchain News

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Jupiter DEX aggregator to distribute 700 million tokens in January airdrop — link | tl;dr : unfolded. DeFi

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🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 500,000,000 #USDT (499,407,500 USD) transferred from unknown wallet to #Binance
Details : Whale Alert

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Cryptoy ₿

Bitcoin spot ETF had a total net inflow of $475 million on December 26, the first net inflow after net outflows in the past four days. Fidelity ETF FBTC had a net inflow of $254 million. — link : Wu Blockchain News

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