The trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40.
The upcoming U.S. CLARITY Act vote is becoming one of the biggest events for the crypto market in 2026, as many investors believe the bill could bring clearer rules and attract more money into Bitcoin and altcoins. Recently, Altcoin Daily noted that several major altcoins that could see strong upside if the CLARITY Act passes …
Kraken sent 56 million tax forms to the Internal Revenue Service last year. Nearly a third covered transactions worth less than a dollar. More than 75% were for trades under $50. Those numbers, cited by the crypto exchange last month, have added weight to a growing call in Congress to rethink how small digital asset transactions are taxed in the United States. Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive Order A Study, Not An Exemption A bipartisan group of House lawmakers introduced a bill Tuesday that takes a first formal step toward addressing that burden. Called the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act — or PARITY Act — the legislation does not create a tax break for small crypto transactions. What it does is direct the Treasury Department to examine whether one should exist, and to report back within 180 days on what relief it can offer under its current authority. Innovation should create opportunity for everyone, not just those already ahead. The Digital Asset PARITY Act modernizes the tax code for the digital age, creates clearer rules, and ensures emerging financial tools help expand financial inclusion and pathways to wealth. It is… pic.twitter.com/44B8mpEQLl — Rep. Steven Horsford (@RepHorsford) May 19, 2026 The bill also calls for a study on how much paperwork small crypto transactions generate for taxpayers, and on the total number of transactions under $200 that get reported to the IRS each year. The Treasury would also be asked to outline what resources the IRS would need if a de minimis exemption were eventually passed into law — and what kinds of fraud or abuse such an exemption might invite. Republican Representative Max Miller, one of the bill’s sponsors, said the US tax code has not kept pace with how fast digital assets have grown. “As America continues to lead the world in innovation, our tax code has failed to keep pace with the rapid growth of digital assets and modern financial technology,” Miller said in a statement. What Else The Bill Covers The PARITY Act carries over a section from an earlier draft that would treat regulated payment stablecoins like cash for tax purposes. Under that provision, no gains or losses would be recognized on stablecoin transactions unless the cost basis of those tokens falls below 99% of their redemption value. The bill also seeks to apply wash sale rules to crypto — a change that would close a loophole that stock investors are not allowed to use but crypto traders currently are. Related Reading: Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle? Democratic Representatives Steven Horsford and Suzan DelBene joined Miller and Republican Rep. Mike Carey in introducing the bill. Horsford had previously released a discussion draft of the legislation back in March. A Race Against The Clock Miller told Bloomberg Tax he believes the bill can pass before this Congress wraps up. That deadline falls in January, after the November midterm elections in which every House seat will be contested. Featured image from Getty Images, chart from TradingView
The integration could revolutionize digital economies by enabling autonomous AI transactions, potentially reshaping machine-to-machine commerce.
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The Manus situation highlights increasing regulatory hurdles in AI acquisitions, reshaping investment strategies and geopolitical dynamics.
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The proposed U.S. CLARITY Act is becoming one of the biggest catalysts that crypto investors are watching in 2026. The bill recently passed committee with bipartisan support and is now expected to move toward a full Senate vote in the coming weeks. Galaxy Digital’s Alex Thorn said there is now a 75% chance the legislation …
Google's AI integration in Search and YouTube could reshape digital ecosystems, impacting user engagement and altering market dynamics.
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China's diplomatic maneuvering over Taiwan arms deals could strain US-China relations, impacting global markets and tech supply chains.
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Google's AI integration challenges its ad revenue model, reshaping SEO and online visibility, while regulatory risks add further complexity.
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The breach highlights the vulnerability of software supply chains, potentially impacting countless projects reliant on GitHub's infrastructure.
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The crackdown on cash-to-crypto networks highlights increasing regulatory scrutiny, potentially tightening compliance for crypto businesses globally.
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The resolution highlights the fragility of global semiconductor supply chains and sets a precedent for labor negotiations in the tech sector.
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Tesla's China launch highlights the competitive and regulatory challenges in the EV market, impacting its global tech leadership and revenue strategy.
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The London-listed company is broadening its digital asset offering after introducing spot crypto trading for U.K. retail customers last year.
OFAC sanctioned a Sinaloa Cartel-linked cash-to-crypto network accused of laundering fentanyl proceeds through cryptocurrency transfers.
Hyperliquid price is once again capturing market attention after a powerful rally pushed the token within touching distance of its all-time high. After surging nearly 25% in recent days, HYPE has re-entered price discovery discussions as whale accumulation intensifies and bullish sentiment around the protocol continues to strengthen. Adding fuel to the momentum, a high-profile …
Samsung's massive bonus payout highlights the intense competition for semiconductor talent and underscores the profitability of AI-driven demand.
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The EU-China trade tensions could disrupt global supply chains, increase economic uncertainty, and potentially slow global growth.
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Iran's crypto stockpile highlights the challenge of enforcing financial sanctions in a world where digital assets enable evasion and liquidity risks.
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Hyperliquid has overtaken Solana on a fully diluted valuation basis, according to Arkham, adding a new market marker to one of crypto’s most closely watched comparisons: the rise of application-heavy, revenue-generating chains. Arkham summarized the move directly on X, writing: “Hyperliquid has flipped Solana by FDV.” The accompanying Solana market page shows SOL trading around $86.51, with a fully diluted valuation of roughly $54.22 billion, a circulating market capitalization near $49.99 billion and 24-hour volume of about $2.74 billion. The same screen listed Solana’s current supply at 577.86 million SOL and max supply at 626.75 million SOL. On Arkham’s Hyperliquid page, HYPE was shown trading at $56.71, giving the network a fully diluted valuation of about $54.57 billion. That puts it slightly above the Solana FDV shown in Arkham’s Solana screenshot, at roughly $54.22 billion. The comparison is notable because Hyperliquid’s circulating market capitalization was much smaller, at about $13.28 billion, reflecting a current supply of 238.39 million HYPE against a max supply of 962.27 million. Arkham also showed 24-hour HYPE volume of roughly $1.20 billion, with the token trading near its listed all-time high of $59.30. Hyperliquid has flipped Solana by FDV. pic.twitter.com/rDF5FRg4TK — Arkham (@arkham) May 21, 2026 Hyperliquid And Solana Lead All ‘Revenue Chains’ The FDV flip comes as Hyperliquid has also been showing up at the top of crypto revenue rankings. In post on X, Bitwise CEO Hunter Horsley lists Hyperliquid with $790.55 million in total revenue, ahead of Solana at $532.34 million. TRON followed at $471.20 million, while Ethereum was shown at $425.56 million. Related Reading: Bitwise Bullish on Hyperliquid: HYPE Labeled ‘Undervalued’ As It Rallies 20% Horsley framed the comparison less as a zero-sum fight between HYPE and SOL and more as evidence of a broader category emerging inside crypto. “There’s a new class in crypto: the revenue chains,” Horsley wrote. “The leaders are Hyperliquid & Solana. Both do some overlapping things, and some different things. Both have exceptional communities, usage, use cases, etc.” That framing matters because the Hyperliquid-Solana comparison is not purely about market capitalization. It is also about where users, liquidity and trading activity are concentrating. Hyperliquid’s revenue profile has become central to the HYPE thesis, while Solana remains one of the largest high-throughput ecosystems in crypto, with broad activity across trading, DeFi, consumer applications and token issuance. Related Reading: Hyperliquid ETFs Send HYPE Closer To All-Time Highs—Here’s What The Data Shows Horsley argued that both networks are positioned around the same structural tailwind: capital markets moving onchain. “I think that both will rise together, just as iOS and Android both rode the structural adoption of mobile,” he wrote. “In the case of the revenue chains, they are riding the wave of capital markets coming onchain.” Solana Camp Downplays Rivalry Solana co-founder Anatoly Yakovenko also pushed back against the idea that Hyperliquid’s rise should be treated as a threat to Solana’s roadmap. Responding to a post about Hyperliquid, Yakovenko wrote: “I am not worried about someone else succeeding. Whether hype succeeds or not isn’t going to change what I or the rest of the Solana ecosystem will be working on.” Yakovenko once again presented Solana-based Phoenix Trade as a better version of Hyperliquid: “Try Phoenix Trade my HL brother.” Meanwhile, Horsley highlighted the success of both. “If you are rooting for HYPE or SOL or both, success will be less about the competition between the two — healthy ofc — but rather the rise of onchain capital markets,” he wrote. “Root for capital markets coming onchain.” At press time, HYPE traded at $58.354. Featured image created with DALL.E, chart from TradingView.com
Syndicate Labs said that the $330,000 exploit last month is unrelated to the decision to wind down operations.
AI-driven workforce reductions highlight a shift towards automation, posing risks and opportunities for tech and crypto industries alike.
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AMD's entry into local AI hardware challenges Nvidia's dominance, potentially reshaping enterprise AI strategies and market dynamics.
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The evolving US-Iran negotiations via Pakistan could significantly impact global energy markets and geopolitical stability, influencing risk assets.
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IOTrader's funding and upcoming token launch highlight a trend towards platform consolidation in DeFi, aiming for broader Web3 adoption.
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Cerebras' innovative wafer-scale AI chip could redefine AI infrastructure, challenging industry norms and potentially reshaping market dynamics.
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AMD's entry into local AI hardware challenges Nvidia's dominance, potentially reshaping enterprise AI strategies and market dynamics.
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Charles Hoskinson once again doubled down on his commitment to Cardano during a recent X Spaces session held on May 20, saying the project remains deeply personal to him as both a founder and one of the ecosystem’s biggest holders. Speaking about the blockchain’s future, Hoskinson stated, “Cardano is my life’s work. I want ADA …
Euro-zone's economic contraction pressures ECB to cut rates, potentially boosting risk assets but also signaling broader economic fragility.
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The report highlights the urgent need for robust governance and oversight in AI deployment to prevent unauthorized system modifications.
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