Crypto Market Soars: Who’s Up, Who’s Down?

Anyway, Bitcoin (BTC) is up over 5% in the past 24 hours, trading around $116,617. Not bad, not bad at all. And Ethereum (ETH) is doing even better, up over 7% and trading around $2,963. I mean, I’ve seen some crazy price swings in my time, but this is just ridiculous. 😂

Trump’s Crypto Connection: Binance’s Surprising Role and CZ’s Pardon Plot 🤔

According to a Bloomberg report, which, as always, prefers to remain coy about its sources, Binance not only penned the code for the USD1 stablecoin smart contract but also played a pivotal role in its promotion. The exchange facilitated a $2 billion transaction in USD1, a sum so vast it could buy a small country—or at least a few more Twitter followers for a certain ex-president. 🌍💰

When Crypto Brokers Met Their Match: The Rule That Wasn’t

This rule, with the catchy title “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales,” was a real gem. It wanted to classify decentralized finance (DeFi) exchanges as brokers, which meant they’d have to tell the IRS all about your digital asset transactions. 🤑