Got some clients freaking out about how wrong the cost basis is on their 1099-DA
The cost basis is only reported to you this year.
It is NOT required to be reported to the IRS.
You only have to match proceeds (not gains) on your tax return to avoid a letter.
What is happening in crypto?
Over the last 41 days, crypto has erased -$1.1 trillion in market cap, or -$27 billion PER DAY.
Crypto market cap is now ~10% BELOW levels seen during the record -$19 billion liquidation on October 10th.
This is a structural move. Let us explain.
🔥 How to claim MIDNIGHT via Cardano-Signer:
This example here uses CLI addresses and KEYS.
1) Go to https://t.co/Cvuww6e6Kg and choose CARDANO as your blockchain:
The President’s Working Group on Digital Asset Markets released a report that provides a roadmap to USHER IN THE GOLDEN AGE OF CRYPTO 🇺🇸
"Together, we will make the U.S. the crypto capital of the world!" 🌎
📢 @nvidia Blackwell platform to support @EQTYLab's Verifiable Compute deployment, announced in collaboration with @ScanComputers, @Accenture Public Sector and built on Hedera.
Learn more 👇https://t.co/ZXrJRIZezo
Stablecoins took the dollar global.
Ondo Global Markets will do the same for US capital markets.
We’re building Wall Street 2.0—Made in America, built for the world.
🇺🇸🏦 Financial Regulator OCC announces U.S. banks can now legally engage in crypto-related activities.
Crypto custody, stablecoin reserves, and using DLT and stablecoins for payments are legally permissible.
JUST IN: #Cardano $ADA Founder Charles Hoskinson says "Microsoft and Facebook will come once the stablecoin bill passes. We are a dominant force in a great powers conflict and with the MAG7 coming onboard. The RWA revolution is going to be huge—$10T will enter the crypto space."