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The Token Trend Report: Daily Web3 News & Insights
Your trusted source for the latest market moves, bold insights, and breaking news in crypto — delivered daily.
The U.S. Treasury and IRS have released an interim guidance, which highlights plans to ease the Corporate Alternative Minimum Tax (CAMT) rule that mandated tax on unrealized Bitcoin gains. With this new guidance on the Treasury CAMT rule, companies like Strategy no longer expect to be subject to the rule due to its unrealized gains on its BTC holdings.
U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will cut rates in October. This has coincided with a rise in Bitcoin price. Economists had expected an increase of 50,000 following a revised gain of 54,000 in August.
XRP price has shown renewed strength in the last 24 hours, recording a modest daily gain of 2.27%. The chart indicates a clear base formation around a critical demand zone that has been retested multiple times in recent months. Notably, the candlestick structure hints at market participants finding stability despite broader market uncertainty. | Shiba Inu price has crashed in the past few months, moving from a high of $0.00001765 in May to $0.00001200 today. This rally could be about to end as whales have bought over 62 billion tokens, supply on exchanges drop, and the team pledge progress on Shibarium. |