Author: John Smith

Trish Turner has stepped down from her position leading the Internal Revenue Service’s crypto division. This is after approximately three months in the role. Summary IRS digital assets chief Trish Turner resigns after 3 months. Turner joins Crypto Tax Girl as tax director amid rising crypto compliance needs. Her exit adds to ongoing leadership churn in the IRS’s crypto division. The departure is another leadership change for the agency’s cryptocurrency unit. The agency has also experienced frequent turnover as it works to establish regulatory frameworks for digital asset taxation. Turner announced her departure on Friday through LinkedIn and concluded over…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The debate over graphics processing horsepower is old news. Those who succeed in the future will be those who master where data resides. As global data creation continues to explode, lagging firms will be left locked out of the next stage of innovation. Summary Data volumes are exploding, with global creation projected to surpass 200 zettabytes by end-2025, more than all prior human output combined. Centralized cloud storage is the AI bottleneck, inflating costs by up to…

XRP price was stuck in a narrow range on Saturday, even as top coins like Ethereum and Binance Coin jumped to their record highs. This consolidation could be brief as it has top catalysts that may push it up by 75% this month. Summary XRP price has formed a bullish flag and a cup-and-handle pattern. Odds that the SEC will approve spot XRP ETFs have jumped. The XRP Ledger ecosystem is gaining momentum. Ripple (XRP) was trading at an important level of $3, up by 90% from its lowest level this year. Here are the top three reasons it may…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Believe it or not, DeFi has a transparency problem. Transparency is one of the cornerstones of decentralized finance, but radical transparency also comes with unintended costs. While it may be fine for pseudonymous retail users, it creates strategic friction for capital allocators, institutional players, and protocol builders. Summary Transparency has hidden costs: In DeFi, wallet doxxing, alpha leakage, and MEV extraction turn “openness” into a disadvantage, compromising privacy, safety, and competitiveness. Unfair market dynamics: Public mempools enable…

BNB price jumped to a fresh record high on Friday, gaining more than 6% to hit a new all-time high near $900, as prices rose across major crypto exchanges in reaction to cryptocurrencies’ rally on Jerome Powell’s dovish remarks. Summary BNB price spiked to a new all-time high near $900 on Friday, Aug. 22. The Binance token’s gains came amid broader crypto rally after Federal Reserve chair Jerome Powell’s speech. The crypto market’s bullish flip following comments by U.S. Federal Reserve chair Jerome Powell saw Binance Coin (BNB) jump to a new peak of $897, cementing the Binance coin’s status…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin fees incentivize miners and speed confirmations, but costs can spike during market congestion. Summary Bitcoin fees range from cents to triple digits in busy times. Average BTC fee is $0.87, down from $4.88 a year ago; spikes hit $7.68 in 2024. ForumPay helps businesses integrate crypto payments with real-time fee tracking. Bitcoin transaction fees are a core part of how the Bitcoin network operates. These fees primarily serve as an incentive for miners to process transactions promptly, adding…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP rallies, PI Network grows on community power, while XYZVerse presale gains momentum as a 2025 breakout contender. Summary XRP rallies, Pi Network grows while XYZVerse presale draws strong community buzz. XYZVerse fuses sports fandom with meme energy as it aims for 2025 breakout status. Community power is driving XRP, Pi, and XYZVerse into the spotlight this cycle. Crypto markets are once again proving that community strength can be just as powerful as technology or institutional backing. XRP has…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After DOGE’s 53,000% run, Little Pepe at $0.0020 eyes massive gains, sparking 2025 memecoin hype. Summary Little Pepe presale nears sellout at $20.5m with 24,000% upside projections drawing Dogecoin comparisons. Early LILPEPE investors doubled gains and launch promises 50% upside before exchange debut. Stage 11 of Little Pepe is 94% filled; momentum grows as price climbs toward Stage 12 increase. Dogecoin’s rise was more than a market move; it was a cultural moment. DOGE went wild, delivering over 53,000%…

Ethena Labs has formally approved XRP and HYPE under its new Eligible Asset Framework. The metrics-driven approach, which recently onboarded BNB, mandates stringent liquidity and depth requirements for all assets backing USDe’s futures hedges. Summary Ethena Labs approved XRP and HYPE as eligible assets to back its USDe synthetic dollar, following BNB’s onboarding. Both tokens cleared strict thresholds for liquidity, open interest, and trading volume under Ethena’s new Eligible Asset Framework. According to an announcement on August 22, Ethena Labs’ independent Risk Committee has formally approved Ripple (XRP) and Hyperliquid (HYPE) tokens as eligible assets to back its USDe synthetic…

A wave of optimism from Jackson Hole swept through digital asset markets, with Ethereum price leading the charge. The second-largest cryptocurrency by market cap surged over 14%, bringing its historical $4,891 all-time high firmly into view. Summary Ethereum surged over 14% to $4,820 after Fed Chair Jerome Powell hinted at potential rate cuts. Trading volume jumped 95% in 24 hours, surpassing Bitcoin’s volume and pushing ETH close to its 2021 all-time high. The move sparked broader crypto market optimism and institutional interest, reflected in ETFs and equity-linked shares. According to crypto.news data, Ethereum (ETH) surged over 14% on August 22,…