Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Geoblocking Has Denied US Investors $2.6 Billion in Airdrops Since 2020: Report

Airdrops have become a crucial tool for blockchain projects to enable user engagement and decentralized value distribution. However, Dragonfly’s latest report highlighted the unintended consequences of geoblocking policies, particularly in the United States, where restrictive regulations have led to missed financial opportunities, reduced participation, as well as significant economic implications for both users and governments. Geoblocking Airdrops Cost US Billions Venture capital firm Dragonfly’s study examined 12 airdrops conducted between 2019 and 2023, with a specific focus on the effects of geoblocking on US users. The findings revealed that between 920,000 and 5.2 million US cryptocurrency users were unable to participate due to these restrictions, which represented an estimated 5-10% of all local investors. Despite the US maintaining a significant share of global crypto activity and accounting for 22-24% of all active blockchain addresses, these policies excluded a substantial portion of the potential user base from accessing newly distributed tokens. The report quantified the financial impact of this exclusion. The analyzed 11 geo-blocked airdrops collectively generated approximately $7.16 billion in total value, as 1.9 million worldwide claimers received an average median value of $4,600 per eligible address. For US users, however, the estimated lost revenue ranged between $1.84 billion and $2.64 billion from 2020 to 2024. When applying this percentage of lost participation to a broader dataset from CoinGecko, the estimated revenue forfeited by US persons rises significantly, reaching a range of $3.49 billion to $5.02 billion over the same period. Tether’s Offshore Status Costs US Beyond individual financial losses, the report also highlighted significant implications for tax revenue. The inability of US users to access these airdrops was observed to have resulted in an estimated loss of $418 million to $1.1 billion in federal tax revenue and $107 million to $284 million in state tax revenue. In total, missed tax collections from geo-blocked airdrops range from $525 million to $1.38 billion, a figure that does not include additional taxes that could have been levied on capital gains upon the eventual sale of the tokens. Additionally, the report noted that corporate tax revenue losses are exacerbated by the offshore migration of crypto businesses. As an example, Dragonfly pointed to stablecoin issuer Tether, which reported $6.2 billion in profits in 2024 while being incorporated offshore. If fully taxed under US jurisdiction, Tether alone could have contributed an estimated $1.3 billion in federal corporate taxes and $316 million in state taxes. The post Geoblocking Has Denied US Investors $2.6 Billion in Airdrops Since 2020: Report appeared first on CryptoPotato . U.Today

---

With Cardano (ADA) Facing a `Death Cross` and Bulls Seeking a Comeback; XRP’s 4-Day Gain Sparks Community Optimism - Next ADA & XRP Price Moves

Cardano grapples with a bearish signal, while XRP enjoys a brief surge. Crypto enthusiasts watch closely for the next price shifts. Will ADA`s sluggish trend reverse, or can XRP sustain its momentum? Discover insights into the potential price movements of these popular coins in this detailed analysis. Cardano`s Six-Month Surge vs. Recent Pullback Price slid about 6 percent over the past month while recording a striking 122% gain over the past six months. The coin experienced a temporary downturn that contrasts with its impressive long-term growth. Historical performance reflects a shift from minor short-term weakness to robust upward momentum in recent months. Current prices hover between $0.4443 and $0.8893. Immediate resistance is set near $1.15, while support is identified around 0.26. Bears exert some control in the short term with mixed indicators like an RSI of 48.11, suggesting no clear trend yet. Trading strategies might target moves within these levels, awaiting clearer trends to confirm a bullish reversal. Upward Surge Amid Mixed Short-Term Performance XRP experienced a minor decline of 0.72% over the past month, yet it recorded an impressive six-month surge of 329.99%. Recently, a one-week increase of 2.89% suggests a potential bounce back, following a brief selloff. This half-year gain indicates strong momentum amidst market volatility, highlighting the dynamic trading environment surrounding the coin. Currently, XRP is trading between $1.60 and $2.88, with resistance at $3.61 and support at $1.06. The market shows a balance between bulls and bears, as the RSI remains around 52 and oscillators signal a slight negative trend. Traders could explore buying near support levels while monitoring for a breakout toward the $3.61 resistance. Conclusion ADA is facing a tough time with a potential downturn, while XRP shows a short-term rise. Both coins have active communities hoping for bullish moves. ADA needs strong support to avoid further decline. XRP`s recent gains have lifted spirits, but sustaining momentum is key. The next few days will be crucial. Monitoring market trends and investor behavior can provide insights into the future direction for both ADA and XRP. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. U.Today