Senate Kills IRS’s ‘Unworkable’ DeFi Broker Rule

US Senate Votes to Scrap IRS’s Tough DeFi Rule: A Big Win for Crypto!

What’s the Big Deal?

The U.S. Senate recently voted to scrap a rule by the IRS that would have made life tough for decentralized finance (DeFi) platforms. This is a huge deal for the world of cryptocurrencies because it shows that the government is starting to understand how these new technologies work.

So, What Was This Rule About?

The IRS wanted to make DeFi platforms report user data for tax purposes, just like banks do. But here’s the thing: DeFi platforms don’t hold funds or keep customer data like traditional banks do. So, this rule was like trying to fit a square peg into a round hole![1][3]

What Happened in the Senate?

On March 4, 2025, the Senate voted 70-27 to scrap the rule. Both Democrats and Republicans agreed that this rule was not a good idea. Senator Ted Cruz, who sponsored the resolution to scrap the rule, said it was a silly idea that didn’t make sense.[5]

Why Is This a Big Deal?

Scrapping this rule is not just a win for DeFi platforms. It’s a sign that the government is starting to understand that cryptocurrencies and blockchain technology need special rules. This could lead to better laws for stablecoins and crypto markets in the future.[1]

What’s Next?

Now, the House of Representatives needs to vote on this too. Luckily, the House Financial Services Committee has already said they’re okay with scrapping the rule. After that, President Donald Trump just needs to sign it into law.[5]

Conclusion: A New Chapter for Crypto!

What’s the Bottom Line?

The Senate’s vote to scrap the IRS’s DeFi rule is like turning a new page in the story of cryptocurrencies in the U.S. It shows that the government is starting to get how DeFi works and wants to help it grow. This could lead to better laws for crypto in the future, helping the U.S. become a leader in the global crypto market.

Sources:
Crypto News
Cointelegraph
CoinDesk

Reddit Co-Founder Eyes Blockchain TikTok Buy

Reddit 创始人大胆举动:将 TikTok “上链”

Reddit 创始人之一亚历克斯·奥汉尼安(Alexis Ohanian)最近与弗兰克·麦考特(Frank McCourt)联手,竞标收购 TikTok 的美国业务。他们的野心计划是将流行的社交媒体应用程序“上链”,整合区块链技术,让用户控制自己的数据[1][3][5]。这一举动可能会改变社交媒体平台的运作方式,将权力从企业转移到用户手中。让我们深入了解这一具有里程碑意义的提议。

愿景:去中心化的社交媒体

亚历克斯·奥汉尼安参与此次竞标并不只是为了收购社交媒体巨头;而是为了改变互联网的基础结构。通过整合区块链技术,特别是通过项目 Liberty 的 Frequency 平台,用户将拥有自己的个人数据和内容所有权[3][5]。这种去中心化的方法旨在解决 TikTok 由于中国所有权而面临的数据隐私和国家安全问题[3][5]。

关键参与者及其角色

    • 亚历克斯·奥汉尼安(Alexis Ohanian): 作为战略顾问,亚历克斯·奥汉尼安带来了他在社交媒体和区块链领域的专业知识。他的过去项目,包括 Reddit 的社区令牌,展示了他对分散技术的承诺[5]。
    • 弗兰克·麦考特(Frank McCourt): 此前拥有洛杉矶道奇队的弗兰克·麦考特领导“人民竞标”,强调通过区块链整合用户隐私和控制[3][5]。
    • 项目 Liberty: 由古根海姆证券和基德兰-埃利斯律师事务所支持的这个倡议旨在通过以用户为中心的数据管理重建社交媒体平台[3]。

挑战和机遇

竞标面临重大挑战,包括来自其他竞标者的竞争和字节跳动的不愿出售[3]。然而,如果成功,这将为社交媒体平台设定新标准,优先考虑用户隐私和数据所有权。

区块链优势

区块链技术提供了一种安全且透明的方式来管理数据,允许用户控制谁可以访问他们的信息。这将有助于缓解数据滥用的担忧,并增强对社交媒体平台的信任[5]。

经济和政治影响

收购可能会产生更广泛的经济和政治影响。它与日益增长的数据隐私和安全关注问题保持一致,特别是在美国,TikTok 因与中国的联系而受到审查[3][5]。基于区块链的 TikTok 可能会缓解这些担忧,从而开辟新的社交媒体监管和创新途径。

结论:社交媒体的新前景

总结和未来展望

总之,收购 TikTok 并将其“上链”的竞标代表着去中心化社交媒体的大胆一步。通过赋予用户对数据的控制权,这一倡议可能会重新定义互联网交互的未来。虽然挑战重重,但潜在的好处很大,为我们提供了一个更透明和用户中心的互联网的前景。

亚历克斯·奥汉尼安表示,“TikTok 已经是创作者的游戏改变者,它的未来应该由他们建立”[1]。如果实现,这一愿景可能会开创一个新时代,社交媒体平台服务于用户而不是企业。

参考资料:

El Salvador’s Bukele Vows to Press On with Bitcoin Purchases Despite IMF Pressure

El Salvador’s Bitcoin Bet: A Story of Courage Amid IMF Pressure

Imagine a small country, El Salvador, standing up to the world’s financial giant, the International Monetary Fund (IMF). That’s exactly what’s happening as El Salvador keeps buying Bitcoin, even when the IMF says it shouldn’t. Let’s dive into this exciting story!

El Salvador’s Big Bitcoin Bet

In 2021, El Salvador made history by becoming the first country to say “yes” to Bitcoin, making it legal to use just like dollars or colones. Now, they’re not just using it; they’re buying more and more!

Buying Bitcoin: A Smart Move?

On March 4, 2025, El Salvador bought 30 Bitcoins when the price was $50,000 each, spending $1.5 million[1]. Then, they bought another 5 Bitcoins when the price dropped to $83,000[3]. Why? Because they believe in Bitcoin’s future value!

The IMF’s Say-So

The IMF wants El Salvador to stop buying Bitcoin and to stop supporting the Chivo Bitcoin wallet by July 2025[5]. But El Salvador isn’t listening to everything the IMF says. They’ve made some changes, like making Bitcoin use optional for businesses, but they’re still buying Bitcoin.

Economic Challenges and Bitcoin’s Role

El Salvador has some economic problems, like a slow-growing economy and a big budget gap. Some people worry that Bitcoin might not help these problems. Right now, less than 20% of Salvadorans use Bitcoin for their daily transactions[5]. So, it’s still not clear if Bitcoin can help El Salvador’s economy grow.

A Future Full of Questions and Possibilities

El Salvador’s choice to keep buying Bitcoin even when the IMF disagrees shows how complicated money and politics can be. No one knows what will happen next, but it’s an exciting time! El Salvador is trying something new, and the world is watching to see if it works.

Sources:

Solana’s Upgrades: Strengthening the Network, Tightening Validator Requirements

Solana’s Journey: Growing Strong, But What About Validators?

In the fast-paced world of blockchain, Solana has become a star, known for being super fast and efficient. Recent upgrades have made Solana ready for big growth, but they also bring challenges for validators. Let’s find out how these upgrades make the network stronger, and what they mean for validators.

Upgrades and a Stronger Network

Solana has been working really well for a whole year without any breaks, thanks to its reliable infrastructure and upgrades[1]. This makes developers and users love Solana. Its special proof-of-history (PoH) way of agreeing on things lets it handle thousands of transactions in a second with very low costs, making it great for apps and financial platforms on the blockchain[5].

More Projects and Users

Solana’s world of projects is growing fast, with many new things happening in the world of digital art (NFTs) and financial apps (DeFi). Projects like Serum and Raydium have made Solana even more famous[5]. Also, Solana might work with Elluminex to connect with Telegram’s many users, which would help Solana grow even more[3].

What About Validators?

While these upgrades and new projects are good for Solana’s network, they might make things harder for validators. As the network gets better and can handle more things, there might be less need for validators, which could squeeze out smaller ones. This could lead to fewer people helping to keep the network safe and decentralized.

Economic Pressure

Things might get even harder for validators as more big companies start using Solana. These companies might prefer to work with bigger validators, leaving smaller ones behind. This could lead to fewer people helping to keep the network safe and decentralized.

Looking Ahead

Even with these challenges, Solana’s future looks bright. When the CME Group starts trading Solana futures on March 17, more big companies might want to use Solana, which could make the price of SOL go up[2]. Also, Solana might do even better than other cryptocurrencies in 2025 because it’s fast, cheap, and has many projects[5].

Balancing Growth and Safety

In short, Solana’s upgrades make its network stronger, but they also bring challenges for validators. As Solana keeps growing, it’s important to find a good balance between making the network better and keeping it safe and decentralized. This balance will help decide if Solana is successful in the long run and where it stands in the world of blockchain.

Sources:
thecryptobasic.com
namecoinnews.com
cryptopolitan.com
crypto.news

Today’s Crypto Recap

Crypto’s Wild Ride: Ups and Downs in Today’s Market

The crypto world is famous for its wild price swings, and today was no exception! Let’s explore the big ups and downs that happened in the crypto market today.

Market Rollercoaster: Peaks and Valleys

Bitcoin and Ethereum, the two biggest cryptocurrencies, had a rough day. They both lost value, which was a big change from earlier when people got excited about a tweet hinting at Wall Street joining the crypto scene[3]. Despite the initial excitement, the market ended up being very volatile, with both Bitcoin and Ethereum losing value[5].

But not all cryptocurrencies had a bad day! Cardano (ADA) and Solana (SOL) actually gained 3% and 4% in a short time[3]. This shows how different cryptocurrencies can perform even when others are struggling.

AI’s Impact on Crypto

Artificial Intelligence (AI) is becoming more important in the crypto world. Recently, AI-powered trading platforms have been announced, which has made AI-related tokens like SingularityNET (AGIX) and Fetch.ai (FET) more valuable[2]. This shows that AI isn’t just affecting the tech world, but also how people trade cryptocurrencies[2].

Technical Signs: A Bullish Future?

Even though the crypto market had a rough day, some signs suggest that things might get better soon. The Relative Strength Index (RSI) for Bitcoin and Ethereum shows that the market is a bit overbought, but still in a good place[3]. Also, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, which is a positive sign[3]. These signs suggest that today’s drops were big, but the overall market mood is still good.

Navigating the Crypto World

In the end, today’s crypto market was a great example of how unpredictable it can be. Even with the drops, there are signs of strength and potential for growth. AI is clearly having an impact on the market, and people are looking at AI-related tokens as good investment options. As the crypto world keeps changing, it’s clear that being adaptable and watching for new trends will be important for success.

Sources:
blockchain.news
economictimes.com
kwarc.info

Pump.fun’s February Volume Plummets 63%

Pump.fun’s Problems: A Closer Look

In the world of cryptocurrency and decentralized finance (DeFi), things are always changing. Recently, a platform called Pump.fun has been having some big problems. In February, trading on Pump.fun dropped by 63%[1]. This isn’t just a Pump.fun problem, though. The whole crypto market is seeing less activity and people are less confident in it.

The Drop in Activity

Pump.fun is a popular place to create new tokens on the Solana network. But lately, fewer new tokens are being launched there. In February, the number of new tokens launched on Pump.fun dropped by 51.1% in just two weeks[2]! This is happening because people are less interested in crypto right now.

What About Token Migration?

Most tokens launched on Pump.fun don’t move to a decentralized exchange called Raydium. This is the lowest migration rate since May 2024[2]. This means that people don’t trust Pump.fun to help their tokens after they’re launched.

Money Problems

Pump.fun’s money problems are also getting worse. In late February, their revenue dropped by 93% from the month before[5]. The price of Pump.fun’s token, PUMP, also fell from $0.15 to $0.08 in just one day[5]. People are trading PUMP less, too. The trading volume dropped from 10 million tokens a day to just 1.5 million on the day the news came out[5].

What’s Happening with PUMP’s Price?

The price of PUMP is going down. It broke through a support level at $0.12 and is now testing the next support at $0.07[5]. A technical indicator called MACD shows that the price is going down, too[5]. More PUMP tokens are being sent to exchanges, which means people are selling them[5].

What Does This Mean for Traders and Investors?

If you trade or invest in PUMP, you should know that its price and trading volume have dropped a lot. This could mean that people are selling PUMP, but it might also mean that there are good deals to be found. However, the mood in the crypto world is bad right now, and people are talking negatively about Pump.fun on social media[5].

Can Pump.fun Bounce Back?

In the end, Pump.fun is having a tough time right now, just like the rest of the crypto market. But if Pump.fun can find new ways to make money and make people trust it again, it might be able to come back. The future of Pump.fun and other DeFi platforms depends on how well they can adapt to changes and come up with new ideas.

Sources:
KuCoin News
Blockchain News

El Salvador’s Bukele Vows Bitcoin Buying Amid IMF Pressure

El Salvador Stands Firm on Bitcoin

El Salvador’s President Nayib Bukele has made a strong statement by deciding to continue buying Bitcoin, even when faced with pressure from the International Monetary Fund (IMF). The IMF wants El Salvador to reduce its involvement with cryptocurrency as a condition for a $1.4 billion loan[1][3]. Despite this, President Bukele is sticking to his plan to use Bitcoin as a part of El Salvador’s economic strategy, which he started in 2021.

Buying Bitcoin Despite IMF Pressure

El Salvador has been buying more Bitcoin even as the IMF tells them to stop. In early March 2025, they bought 5 more Bitcoins when the price was low, adding to their total of 6,100 BTC[1]. This happened even though the IMF said they should stop buying Bitcoin by July 2025[3]. President Bukele believes that Bitcoin can help change El Salvador’s economy for the better.

IMF Conditions and Economic Challenges

The IMF wants El Salvador to stop supporting the Chivo Bitcoin wallet and to tell everyone how much Bitcoin they have[3]. They want to do this to protect the government from the risks of cryptocurrency and to improve the country’s finances. Some people are not sure if President Bukele’s plan to use Bitcoin is working well, especially since many people in El Salvador haven’t started using it yet[3]. But the government still believes that Bitcoin can help the economy grow.

Looking Beyond Bitcoin

President Bukele isn’t just focusing on Bitcoin. He also wants to make El Salvador a place where technology can thrive. He has met with important tech investors to talk about using AI and other technologies, hoping to create rules that make it easy for new ideas to grow[1]. This could help El Salvador’s economy in many ways and make it less dependent on traditional industries.

Moving Forward Despite Challenges

In short, El Salvador is choosing to keep buying Bitcoin even though other countries are telling them not to. They’re also thinking about how technology can help their economy. Everyone will be watching to see if El Salvador’s plan to use Bitcoin works, because it could show other countries what to do in the future.

Sources:
cryptobriefing.com
tradingview.com
coindesk.com

RTX 5070 Slammed: Reviewers Reject NVIDIA’s 4090 Comparison

Introduction: The RTX 5070 Mystery

NVIDIA’s new GeForce RTX 5070 has been in the news, but not for the reasons NVIDIA might have hoped. The company said this GPU is as good as the powerful RTX 4090, but costs only $550[1]. However, many people are not convinced, and there’s been a lot of talk about this. Let’s find out why the RTX 5070 is causing such a stir and how it really compares to the RTX 4090.

Let’s Compare: RTX 5070 vs. RTX 4090

When NVIDIA said the RTX 5070 is as good as the RTX 4090, many people were surprised. The RTX 4090 is known for being very powerful and having great features[4]. In reality, the RTX 5070 has a hard time keeping up, especially in games that need a lot of memory and processing power[4].

For example, in a tough 4K scene from “Indiana Jones,” the RTX 4090 handled the graphics smoothly at 139 frames per second (FPS), while the RTX 5070 often crashed because it didn’t have enough memory[2][4]. This shows the big difference between these two GPUs in terms of power and what they can do.

The Role of AI and DLSS

NVIDIA compared the RTX 5070 to the RTX 4090 because it can use AI features like DLSS (Deep Learning Super Sampling) and make more frames[2]. These features can help the GPU work less hard in games that support them. However, even with these features, the RTX 5070 is not as good as the RTX 4090 in many cases[2].

When we look at tests without making more frames, the RTX 4090 is always better than the RTX 5070. This shows that while AI features can help, they can’t make up for the big differences in what the hardware can do.

What People Think and How It Affects the Market

The reaction to NVIDIA’s comparison has made people more careful about believing what companies say about their products. This controversy also shows how important it is for companies to be honest and fair when they talk about their products.

For NVIDIA, it’s important to fix this so people will trust them again and be excited about their new products in the future.

A Lesson About Being Honest

In the end, the RTX 5070 is a good GPU on its own, but comparing it to the RTX 4090 was not fair and made many people upset. As technology keeps changing, it’s important for companies to be honest and fair when they talk about their products so people can trust them.

Sources:
TechPowerUp
YouTube
PicClick
PC Guide
India Mirror

Trump’s Bitcoin Impact: PMI Charts the Path Ahead

Crypto World: A Changing Scene

The crypto market has been going up and down a lot lately. Some of this is because of things the president said and changes in the economy. When President Trump talked about a “Crypto Strategic Reserve”, the price of crypto went up a little, but then it went back down again[1]. We can learn about the economy by looking at something called the Purchasing Managers’ Index (PMI)[2]. Let’s find out how these things work together and what they mean for Bitcoin and other digital money.

Trump’s Crypto Plan

President Trump wants the U.S. government to have some cryptocurrency. He wants to have Bitcoin, Ethereum, XRP, Solana, and Cardano[1]. He thinks this will help the crypto world, which has had some problems with rules and price changes. But some people in the crypto world think he should only have Bitcoin.

Economic Signs: PMI and More

The PMI tells us how healthy the part of the economy that makes things is. It’s been going down lately, and that’s not good[2]. This might make people less sure about investing. But there are also some good signs, like more people buying things and more money from taxes[2]. But there are still some problems in the world that might cause trouble.

Bitcoin and Crypto: What’s Next?

When President Trump talked about his plan, the price of Bitcoin went up a little, but then it went back down again[1]. This shows that crypto prices can change a lot, which makes it hard to use them like regular money. Some people think crypto is a good way to invest, but others think it’s too risky.

Looking Ahead: Problems and Chances

As the crypto world tries to deal with these problems, a few things will decide what happens next:

Rules: The president’s team has stopped or ended some important checks on crypto. This might make people more sure about investing[1].
Price Changes: The way crypto prices go up and down shows that it’s a risky thing to invest in, but it can also be a good way to make money[1].
Economic Trends: The PMI and other signs about the economy will keep affecting how sure people are about investing and how stable the market is[2].

Conclusion: The Future of Crypto

In the end, the crypto world is changing fast, and things like what the president says and what’s happening in the economy can change it. President Trump’s plan about a Crypto Strategic Reserve is interesting, but some people also think it’s not a good idea. As people look to the future, they need to understand the rules and what’s happening in the economy. The PMI and other signs can help us see what’s coming next, but the future is still not clear.

Sources:
pbs.org
thehillstimes.in
techcrunch.com

Trump’s Crypto Summit: What to Expect

Big News for Crypto Fans!

Get ready for something huge, crypto fans! President Donald Trump is about to host a super important meeting at the White House all about cryptocurrency. This is the first time something like this is happening, and it’s bringing together big shots from the crypto world and the President’s team[1][3]. The whole world is watching, and this meeting could change the future of digital money in America.

Who’s Who and What’s Happening

The crypto meeting is happening in early March, and it’s being led by two big guys:

David Sacks

He’s the White House’s expert on AI and crypto. He thinks it’s really important for the U.S. to be the best at digital money, and he wants to make sure it happens here[3].

Bo Hines

He’s the boss of the team working on digital money stuff. He’ll make sure everything at the meeting goes as planned and follows the rules[1].

Lots of famous people from the crypto world will be there too, like founders, bosses, and investors. It’s a big deal for everyone in the crypto world[3][5].

What’s on the Agenda?

The meeting is all about making new rules for crypto. President Trump wants to make it easy for people to use digital money and protect their freedom to do so. It’s different from what the last president wanted to do[3].

President Trump’s Big Idea: A U.S. Crypto Reserve

President Trump has an exciting idea! He wants to create a U.S. Crypto Reserve. It would be like a big collection of the best cryptocurrencies, like Bitcoin and Ethereum. Maybe even XRP, SOL, and ADA could be part of it too[5]!

Some people think this is a great idea, but others, like Joe Lonsdale who helped start Palantir, don’t like it. They think the government shouldn’t be involved in crypto like that[5].

Get Ready for Big Changes!

The crypto meeting is a really big deal. It could change how we think about and use digital money in America. Whether it’s about making new rules or creating a crypto reserve, something big is about to happen. Stay tuned, crypto fans!

Sources:
www.foxbusiness.com
www.happyscribe.com
www.coindesk.com
www.congress.gov
abc3340.com