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On August 8, the Internal Revenue Service (IRS) unveiled a revised draft of Form 1099-DA, aimed at streamlining the process for reporting digital asset transactions. The updated form, tentatively titled “Digital Asset Proceeds From Broker Transactions,” is set to come into effect for transactions starting in tax year 2025, with reports due by April 2026.

In recent developments, renowned crypto analyst Altcoin Sherpa has put forth an optimistic outlook for Dogecoin (DOGE), suggesting that the meme coin is on the verge of a potential bullish reversal.

In a recent development that's capturing attention in the Web3 and digital nomad communities, Solana SIM is offering a two-month free trial to holders of Genesis Saga and Chapter 2 NFTs.

​In a development that has sparked significant attention in the cryptocurrency world, approximately $2 billion worth of Ethereum (ETH) has recently been moved from wallets that had remained dormant since their seizure in 2021.

In a groundbreaking development aimed at propelling Bitcoin technology forward, Aptos Labs and Stacks have announced a significant new partnership. This collaboration centers on the formation of a new working group and the Aptos Foundation's role as a Signer for Stacks, marking a major advancement in blockchain innovation.

In a bold move to accelerate growth and bolster its market position, PacMoon, the popular memecoin previously operating on the Blast blockchain, has announced its transition to the Solana network.