U.S. Blockchain Association Sues IRS Over New Digital Asset Reporting Rules

According to Cointelegraph, the U.S. Internal Revenue Service (IRS) has issued new regulations requiring digital asset platforms, including decentralized exchanges (DEX), to disclose user transaction information and crypto asset sales revenue starting in 2027.

U.S. Internal Revenue Service (IRS) has issued new regulations that will require digital asset platforms, including decentralized exchanges (DEX), to disclose user transaction information and crypto asset sales revenue starting in 2027. The Blockchain Association and the Texas Blockchain Commission have filed a lawsuit, claiming that the rule is unconstitutional and violates the Administrative Procedure Act, which may have a serious impact on the U.S. digital asset sector.

A South Korean court has issued an arrest warrant for Yoon Seok-yeol on suspicion of civil unrest.

A judge has postponed the CFTC vs. Gemini trial to January 21.

Biden has ordered the executive branch of government to shut down on January 9, 2025.

ZachXBT: Blockchain Bandit attacker collects 51,000 ETH to multi-signature address, about $172.2 million.

According to on-chain data monitored by ZachXBT, the Blockchain Bandit attacker became active again after years of dormancy, and collected a total of 51,000 ETH (approximately US$172.2 million) into a multi-signature address (0xC45C…D542).

Bloomberg: BlackRock's Bitcoin Fund Becomes "The Greatest Launch in ETF History."

According to Bloomberg, BlackRock's iShares division offers more than 1,400 ETFs worldwide, but none of them can match the performance of its Bitcoin ETF. iShares Bitcoin Trust (IBIT) broke industry records when it was launched in 2024. In just 11 months, its assets swelled to more than $50 billion. IBIT has swelled to the size of more than 50 European-focused ETFs, many of which have been around for more than 20 years. Nate Geraci, president of consulting firm The ETF Store, called it "the greatest launch in ETF history." As Bloomberg Intelligence analyst James Seyffart said: "IBIT's growth has been unprecedented. It is the fastest ETF to reach most milestones, faster than any other ETF in any asset class." He added that with its current asset size and 0.25% expense ratio, IBIT is expected to earn about $112 million per year.

Polkadot 2025 Roadmap Released: Shorten DOT Unlock Waiting Time and Promote DOT to Become a Universal Fee Token.

Binance Alpha adds COCO, vvaifu, MIRA, SKI, ALCH.

FTX creditor Sunil accused aixbt of spreading false information about FTX.

Wormhole Foundation: FEG token issues have nothing to do with Wormhole, all contracts are completely unaffected.

The Wormhole Foundation tweeted this morning that today's FEG token issue has nothing to do with Wormhole, and all Wormhole contracts are completely unaffected. Analysis by blockchain security agency CertiK shows that the FEG bridge was attacked on December 29, 2024, and the problem stemmed from a logical error in the cross-chain message processing of the relay contract. The contract was deployed by an address funded by the FEG team and has no connection with the Wormhole team.

Unichain to launch a new validation network in 2025.

Eliza, the autonomous agent framework developed by the ai16z team, ranked first in the GitHub December trend list.

GitHub Trending data shows that Eliza, an autonomous agent framework developed by the ai16z team, ranked first in the December trend list, with 4,531 new stars this month and a total of 7,028 stars.

AlloyX, a stablecoin aggregation sales infrastructure platform, completes $10 million in Pre-A round of financing.

According to official news, AlloyX, an Asia-based aggregation sales infrastructure platform, announced the completion of a $10 million Pre-A round of financing to expand global stablecoin infrastructure construction and plans to expand its business in the UAE, ASEAN and Africa. It is reported that investors in this round of financing include Solomon Fund, Arbitrum Foundation, Offchain Labs, PMT Capital, Ming Capital, Fern Win Capital, Whitecove Capital and Kiln SAS. This financing follows major developments in the stablecoin payment field, including Stripe's acquisition of Bridge for $1.1 billion and BVNK's $50 million Series B financing at a valuation of $750 million.

An entity is suspected of sending nearly 540,000 LINK worth $11.4 million to Binance through three wallets.

Genius Group purchased an additional $10 million worth of Bitcoin, increasing its holdings to 319.4 BTC.

DefiLlama: DEX trading volume hit a record high of $462 billion in December.

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