The 114-page bill would change the tax treatment of crypto fees, stablecoins and lending while leaving existing reward-tax timing unchanged. The US House Ways and Means Committee will consider a 114-page crypto tax package on Wednesday that leaves out a provision that would have allowed miners and stakers to defer taxation of rewards until the tokens are sold. The Digital Asset Tax Certainty Act, H.R. 10357, was published alongside the committee’s markup notice on Monday. The package does not include the reward-timing provision contained in Representative Mike Carey’s Tax Clarity for Mining and Staking Act, introduced in June. The provision would have allowed taxpayers to choose between recognizing newly created tokens as income when received or treating them similarly to self-created property and paying tax when sold. Read more
Ethereum and Base are pursuing different account abstraction designs after talks failed, according to Ethlabs researcher Derek Chiang. Ethereum and Base are set to implement different account abstraction standards after efforts to agree on a shared account abstraction standard broke down last week. Interoperability standards became secondary to each chain’s core goals, leading both to go their separate ways and “putting the burden on wallets,” Derek Chiang, founding member and researcher at Ethlabs, as well as a co-author of Ethereum’s EIP-8141 proposal, said in a Monday X post. The divergence could require wallet developers to support separate transaction formats to provide a consistent experience across networks. Account abstraction allows programmable rules for authorizing transactions and paying fees. Read more
Bitcoin short-term holders approached a full month in partial profit as analysis saw improving odds of an enduring bullish BTC price reversal. Bitcoin (BTC) speculators have held onto profits for nearly a month in what new analysis sees as a key sign of market strength. Key points: Read more
Tether froze $61.19 million across 10 Tron addresses in 2025 that prosecutors allege were connected to black-market Iranian oil proceeds. The US Department of Justice (DOJ) is seeking forfeiture of more than $61 million in Tether’s USDT stablecoin, alleging the funds came from black-market sales of sanctioned Iranian oil and were intended to finance Iran’s government and military, including the Islamic Revolutionary Guard Corps (IRGC). On Monday, the DOJ alleged that Blessed Trust and Hexa Whale, both incorporated in Hong Kong, used Binance accounts to move proceeds from oil sold to buyers in China. A network of related addresses allegedly received and distributed more than $1.5 billion, including transfers to IRGC-linked money-transfer businesses, cryptocurrency addresses and an Iranian exchange. A Binance spokesperson told Cointelegraph that Binance did not permit transactions with sanctioned individuals and would continue cooperating with law enforcement, including by investigating, restricting or freezin...
Solana raised its transaction size limit to 4,096 bytes, giving developers more room for zero-knowledge proofs and transactions with multiple signatures. Solana raised its maximum transaction size from 1,232 bytes to 4,096 bytes to allow developers to fit more complex operations into a single transaction, including zero-knowledge proofs and new onchain signature schemes. The upgrade was activated on mainnet on Tuesday at the start of epoch 1,035 around 1:00 am UTC, according to blockchain data shared by the Solana Foundation. The upgrade also introduced the v1 transaction format, which maintains full backward compatibility with legacy transactions. Existing transaction formats continue working for applications and wallet providers, but protocols that want to benefit from the size increase need to update to v1 transactions. Read more