The U.S. Department of the Treasury, in collaboration with the Internal Revenue Service (IRS), has unveiled a draft proposal targeting the reporting of digital asset transactions. While the proposal is still in its preliminary stage, it has already sparked debate within the crypto industry, particularly concerning the treatment of decentralized exchanges.
JPMorgan Chase analysts, including Nikolaos Panigirtzoglou, have forecasted a stabilization in the cryptocurrency market, according to a Bloomberg report. The analysts attribute this outlook to a decline in open interest in CME Bitcoin futures contracts.
According to an announcement on Pepe's official X account, approximately 16 trillion $PEPE tokens, worth around $15 million, were allegedly moved without authorization to various cryptocurrency exchanges on August 24.
Top stories in the Crypto Roundup today:
- U.S. Crypto Tax Reporting Proposal Met With Criticism from Crypto Sector
- JPMorgan Analysts See Light at the End of the Tunnel for Crypto Markets
- Alleged Theft of 16 Trillion $PEPE Tokens by 3 Former Team Members Shakes Community