CoinDesk

**Tax season complexity continues to grow** for crypto investors as IRS scrutiny intensifies. Here's what you need to know: - Track *all* transactions throughout the year, not just during tax season - Document exchange trades, DeFi activities, and NFT transactions - Consider using specialized crypto tax software **Key Tips for Success:** - Keep detailed records of purchase dates and costs - Calculate gains/losses for each transaction - Maintain separate wallets for different trading strategies *Professional Support:* - Consult with crypto-savvy tax professionals - Stay updated on changing regulations - Review tax implications before major trades Start planning now to avoid last-minute complications.

A crypto exchange faces ongoing security challenges after a significant breach. The timeline of events: - Initial attack targeted exchange's hot wallet containing user tokens (Sept 14, 2023) - Latest development: Hackers published exchange's source code (June 19, 2025) This escalation represents a concerning development in the security breach, potentially exposing additional vulnerabilities. Users should remain vigilant and monitor official communications from the exchange. *Security reminder*: Always enable 2FA and consider using cold storage for significant holdings.

Pan-African cryptocurrency exchange Yellow Card has announced a strategic partnership, marking a significant expansion of its operations. This development follows their earlier commitment to pursue licensing requirements. The partnership aims to enhance cryptocurrency accessibility and trading capabilities across African markets. Yellow Card's move aligns with their stated 2023 objectives of obtaining regulatory compliance. - Partnership focuses on expanding crypto services in Africa - Builds on previous licensing initiatives - Demonstrates continued growth in African crypto markets *This collaboration represents a structured approach to developing regulated cryptocurrency services in African markets.*

Project Eleven has announced a **1 BTC bounty** for the first team to successfully break an elliptic curve cryptographic key using quantum computing technology. This follows a similar initiative from April 2025 that offered $85,000 to test blockchain encryption against quantum attacks. The challenge aims to: - Assess quantum computing threats to blockchain security - Test the resilience of elliptic curve cryptography - Encourage research in post-quantum cryptography This bounty represents ongoing efforts to prepare blockchain technology for the quantum era. Researchers and teams interested in participating can find more details at [Project Eleven's Challenge Portal](https://projecteleven.com/challenge).

Kraken has introduced native Bitcoin staking capabilities for its users, marking a significant development in Bitcoin custody services. The staking service will operate through a custodial vault system on Bitcoin's native chain, allowing users to earn rewards while their assets remain secured. This launch follows Kraken's earlier milestone in April 2024, when they released their open-source wallet - the first major exchange to do so. - Users can now stake BTC directly on platform - Assets held in custodial vault system - Builds on previous open-source wallet initiative *Note: Staking involves locking assets for a period, carefully review terms before participating.*

A company actively accumulating Solana's SOL tokens has announced plans to expand into the United States market. This move follows earlier developments from April 2025, when Solana strengthened its presence in Washington through: - Launch of a new non-profit organization - Strategic hiring of prominent industry figures The expansion efforts appear coordinated, suggesting a broader push to establish Solana's presence in the U.S. regulatory and business landscape. *Key Context*: - Timing aligns with previous institutional initiatives - Demonstrates growing institutional interest in SOL - Indicates strategic focus on U.S. market development

The pro-Israel hacking group *Gonjeshke Darande* has followed through on previous threats by releasing Nobitex's complete exchange code and security files. This action potentially compromises the remaining assets on the Iranian cryptocurrency exchange. The group's latest move represents an escalation of their ongoing campaign, exposing critical infrastructure details that could further jeopardize the platform's security. - Full exchange source code published - Security documentation exposed - Remaining assets now at elevated risk **Security Advisory**: Users with remaining assets on Nobitex should consider immediate withdrawal if possible.

Trade tensions between major economies are causing significant market shifts. Key developments: - US-China negotiations in London aim to address tariff and export restriction issues - Hong Kong's Hang Seng showed positive momentum, exceeding 24,000 - Trade surplus nations like Switzerland and China face deflationary pressures - Bond markets react to escalating tensions across tech and education sectors The situation highlights growing concerns about global trade relationships and their impact on financial markets. Recent probability assessments suggest increased risk of inflation due to ongoing trade disputes between the U.S. and major trading partners. *Monitor developments at* [Trade Policy Updates](https://trade-policy-updates.com)

Circle's stock continues its upward momentum following its successful IPO earlier this month. The rally is driven by growing investor confidence in Circle's position as a potential primary beneficiary of U.S. stablecoin regulation. Key developments: - Circle recently expanded USDC to World Chain blockchain - Company increased IPO share count due to strong demand - Market showing confidence in Circle's stablecoin business model Despite interest rate risks noted by analysts, Circle's market performance suggests strong institutional faith in stablecoins becoming regulated digital cash equivalents. *Follow the latest Circle developments at [Circle's Investor Relations](https://www.circle.com/investor)*

BitGo Singapore, a licensed crypto custodian, has formed a strategic partnership with a Seychelles-based exchange. The collaboration leverages BitGo's Go Network for handling off-exchange settlements. This development follows BitGo's recent milestone of receiving in-principle approval for Major Payment Institution (MPI) status in Singapore, granted in January 2024. Key points: - BitGo's Go Network will facilitate secure off-exchange settlements - Partnership enhances institutional-grade custody solutions - Builds on BitGo's regulatory compliance in Singapore *This collaboration marks a significant step in establishing regulated crypto custody infrastructure in Southeast Asia.*