Bitget takes you to see hot coins: BGB's popularity continues to rise, with a 24-hour increase of 8.57%

According to BlockBeats, on December 29th, Alex Thorn, the head of research at Galaxy Digital, stated that if the US Internal Revenue Service (IRS) does not revoke its designation of DeFi front-end as a "broker," the DeFi industry will face three choices: comply with IRS reporting requirements and accept broker designation, attempt to block users from the US, and abandon smart contract upgrades and revenue generation. BlockBeats reported yesterday that the US Internal Revenue Service (IRS) has issued final regulations requiring brokers to report digital asset transactions, incorporating decentralized finance (DeFi) platforms into existing tax frameworks. This rule will come into effect in 2027 and will require brokers to disclose transaction details, including total earnings and taxpayer information. Brokers must start collecting and reporting data from 2026. The US Internal Revenue Service estimates that 650 to 875 DeFi brokers will be affected, potentially impacting up to 2.6 million taxpayers. These regulations mainly target 'front-end service providers' for transactions, such as decentralized trading platforms (DEX) that facilitate digital asset trading. According to the US Internal Revenue Service, these platforms play intermediary roles and classifying them as brokers will help ensure tax compliance.

BlockBeats News: On December 29th, Ethena Labs announced that Ethena's Berachain incentive deposit vault is now online, accepting USDe, sUSDe, and USDC/USDT deposits. Concrete has launched two Ethena pre deposit vaults for Berachain's deposit program, which are the first places where users can retain their exposure to US dollars but receive Berachain rewards and participate in its ecosystem. After the launch of the Berachain mainnet, the pre deposit vault will deploy liquidity across whitelist protocols in the Berachain ecosystem. Deposits of USDe and sUSDe will be eligible for Ethena rewards, Concrete Points, BERA, and native ecosystem rewards.

Odaily Planet Daily News: Joe Doll, General Counsel of NFT Market Magic Eden, stated in an interview that David Sacks, who was recently appointed as the "AI and Cryptocurrency Tsar," has only two years before the 2026 US midterm elections to push for policies supporting the cryptocurrency industry. According to Doll, the threat of government deadlock could stifle regulation, and the current government must push for policies supporting cryptocurrency while still controlling both houses of Congress. Doll said, "The majority in the House of Representatives has a very weak advantage and is likely to reverse because it almost always does. Therefore, there may be a divided government that locks things in and freezes them for two years. So we have 24 months to push for some important things." (Cointelegraph)

Odaily Planet Daily News: Polymarket predicts that the likelihood of the US SEC approving spot Solana ETF applications before July 31, 2025 has risen to 71%. Analysis indicates that President elect Trump is about to take office, and subsequently Paul Atkins has been nominated as SEC Chairman, which further increases the possibility of SOL ETF approval. Trump also began forming a cryptocurrency committee, appointing Bo Hines as executive director and former PayPal executive David Sacks as the "crypto czar". Yesterday, Nate Geraci, President of The ETF Store, revealed that Volatility Shares has submitted an application to US regulators to launch a leveraged ETF based on Solana futures. Eric Balchunas, Senior ETF Analyst at Bloomberg, wrote on X platform that if the Solana futures ETF is approved for launch, it may push the spot Solana ETF to go public.

1. Analysts expect Trump to issue at least 25 executive orders related to cryptocurrency policies on his first day in office, boosting market sentiment. 2. Industry insiders say that Trump may push for a national reserve of Bitcoin within a few months of taking office, and the market is full of expectations for this. 3. The clean energy usage rate of Bitcoin has exceeded 50%, and Tesla is expected to accept Bitcoin payments again. 4. The US cryptocurrency lobbying group Blockchain Association has filed a lawsuit against the US Internal Revenue Service's new "broker" regulations. 5. Industry organizations sue the US Internal Revenue Service for regulations that prevent it from collecting user information from DeFi front-end. 6. The reduction of interest rate cuts by the Federal Reserve in 2025 will not hinder the rise of alternative assets such as cryptocurrencies, and market confidence remains strong. 7. The US ISM Manufacturing Purchasing Managers' Index (PMI) and initial jobless claims will be the focus of market attention next week. 8. Volatility Shares asset management company has submitted a Solana futures ETF application, although there are currently no related futures products in trading. 9. The Russian Deputy Prime Minister has requested an analysis of the reasons for the increase in energy consumption in various regions to understand the impact of cryptocurrency mining. 10. Metaplanet's stock price return rate this year ranks first among Japanese listed companies and has become one of the world's largest Bitcoin enterprise holders. 11. IntoTheBlock states that the introduction of Bitcoin staking functionality is expected to bring benefits to BTC holders. 12. 64% of futures traders on the Binance platform are betting on an increase in BTC prices. 13. BitMEX updates basket index weights and index multipliers, affecting multiple indices. 14. LINK trading volume surged 13 times, and market trading activity significantly increased. The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/436688