Starting in 2025, cryptocurrency transactions on centralized exchanges (CEX) will fall under new IRS reporting requirements, marking a significant shift for digital asset investors. These changes mean that transactions conducted through custodial accounts on platforms like Coinbase and Gemini will now be subject to third-party reporting for the first time. New IRS Rules According to a CNN report , the Internal Revenue Service (IRS) has specified that brokers, which include custodial trading platforms, certain wallet providers, digital asset kiosks, and some payment processors, must report these transactions. The information will be captured on a new form, the 1099-DA, which will detail all purchases and sales of digital assets. This form will be sent to both the taxpayer and the IRS by early 2026. Taxpayers will be required to include this information in their 2025 tax returns. Failure to do so could result in discrepancies, as the IRS will already have this data on file. Cost basis reporting, which refers to the original purchase price of a digital asset, will not be required from brokers until the 2026 tax year. Jessalyn Dean, vice president of tax information at Ledgible, explained that this delay may affect taxpayers’ ability to calculate taxable gains accurately. It is important to note that the cost basis is crucial for determining the gains or losses from asset sales. For those engaging in decentralized platform transactions, the timeline is different. Peer-to-peer transactions on platforms like Uniswap and Sushiswap will not be subject to third-party reporting until 2027. These platforms will report only the gross proceeds of transactions, as they do not have access to the original purchase price necessary to calculate the cost basis. Meanwhile, investors in spot Bitcoin exchange-traded funds (ETFs) will also be affected by reporting requirements this year. ETF providers will issue forms such as the 1099-B or 1099-DA, which will include not only the proceeds from sales but also any taxable events that occur within the fund. Dean even advised Bitcoin ETF investors to seek guidance from tax advisers, as taxable gains or losses can arise from the fund’s internal management activities, even if the underlying assets are held long-term. IRS Relief Notice The latest development comes less than a month after the IRS introduced automatic relief for centralized finance users facing new crypto tax regulations in 2025, requiring no immediate action. This relief addresses complications from Section 6045 custodial broker rules, which required CeFi brokers to report transactions using specific accounting methods. Defaulting to FIFO could increase tax liabilities, but taxpayers can bypass this by using their own records or crypto tax software. Starting in 2026, users must select an accounting method with their brokers to avoid default FIFO treatment. The post IRS to Require Third-Party Reporting on Crypto Transactions Starting in 2025 (Report) appeared first on CryptoPotato .
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Solana Price Weakness Drives Traders to This $0.07 AI Altcoin Expected to Surge 43,209%
Solana price made a monumental comeback after crossing the $200 threshold. However, despite a brief recovery that saw the Solana price rise to $206, it has dipped to $201 at press time. While some investors hold on to hope for a rebound, savvy investors are shifting focus to an AI altcoin, RCO Finance (RCOF), priced at $0.07. RCO Finance is poised for massive growth, backed by AI and blockchain technology to redefine DeFi. Analysts predict that the AI altcoin will deliver a staggering 43,209% ROI to outperform the Solana price, making RCO Finance a top pick for investors. Solana Price Volatile Recovery Shows Weakness The Solana price has faced continued volatility today after dipping from a high of $206 to $201.82 at press time. Despite the Solana price recovery above the $200 mark, the token remains under pressure. Analysts have pointed out that liquidations in the broader market have hit an alarming $528 million, while the Solana derivatives market reflects a bearish sentiment as open interest future contracts drip by 6.07%. From the daily charts, the Solana price has struggled to maintain its upward trajectory. Short-term rallies may provide some hope for investors, but the recent bearish crossover between the 20-day and 50-day EMAs shows downward pressure looming for the Solana price. Should Solana fail to hold above $200 and maintain buying pressure, the price could drop to $175. As the crypto market wrestles with uncertainty, investors are shifting focus to other tokens with promising opportunities compared to the Solana price. RCO Finance, an AI altcoin emerges as the top player offering investors high growth potential and utility. RCO Finance: Emerging AI Altcoin Redefining Investment Opportunities As the Solana price battles market volatility, RCO Finance has caught investor attention with its cutting edge AI powered features. The under $1 AI altcoin is in its presale stage with a high growth potential that could deliver 43,209% ROI. At the core of the RCOF AI altcoin’s appeal is its AI-powered Robo-advisor , which first seeks to understand investor financial goals, risk appetite, and market preferences. The tool crafts personalized investment strategies using this information, making the AI altcoin ideal for users of all experience levels. The Robo-advisor is like a personal financial advisor, available 24/7 to trade on your behalf and adjust your investment portfolio when necessary. Again, the Robo-advisor charges lower transaction fees than traditional financial advisors, making professional investment advice available to a broad audience. Again, the Robo-advisor analyses real-time market data to keep you ahead of other investors in the competitive crypto market. With real-time analytics, investors can make data-driven decisions that reduce human error and eliminate emotional bias. Unlike Solana, the RCOF AI altcoin’s unique approach includes access to over 120,000 financial instruments, such as crypto, stocks, bonds, ETFs, and tokenized real-world assets. This diversity is crucial in guaranteeing that investors hedge against market volatility, making the AI altcoin an attractive alternative for investors seeking growth and stability. Moreover, the RCOF AI altcoin has a no-KYC policy, thus guaranteeing investors’ privacy and anonymity while trading from anywhere in the world. The AI altcoin breaks geographical barriers that come with ID verification and lengthy onboarding processes. Finally, SolidProof has thoroughly audited the RCO Finance platform to guarantee that its smart contract adheres to high security standards. Investors can securely trade on the platform, knowing that their assets are safe and secure. This boosts investor confidence, which is a testament to why many people are flocking to the RCO Finance presale. RCO Finance Presale: Golden Opportunity for Massive Returns As the Solana price shows signs of weakness, savvy investors are already flocking the RCO Finance, driving its demand as the presale nears completion. The RCO Finance presale is in stage 4, with tokens priced at just $0.077. Early investors who joined the presale in stage 1 have already realized a 509% ROI. The final stage is fast approaching, with tokens set to kick off at $0.2142, marking a 178% rise from the current stage. Excitement is building for the AI altcoin as analysts predict that the listing price could be between $0.4 and $0.6, offering investors potential returns of 700%. The upward trend since the initial presale stage has seen analysts predict that the RCOF AI altcoin could surge to $30.32, recording an astounding 43,209% ROI, outperforming the Solana price surge predictions. With the presale nearing completion, now is the time to act. Join the RCO Finance presale today and secure a stake in the future of crypto. For more information about the RCO Finance (RCOF) Presale: Visit RCO Finance Presale Join The RCO Finance Community Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . Crypto Potato
This Crypto Presale Could Be Your Next Chance At Life Changing Gains If You Missed The ETH and TON ICO`s
The cryptocurrency market is on a strong upward trend in 2025, with Ethereum valued at $3,246 and Toncoin reaching $5.32. These figures underscore the significant profits early investors made by joining their ICOs. Ethereum`s rise from an initial price of $0.311 translates to an astonishing 1,043,833% return, while TON`s ascent has secured its place among the top 20 cryptocurrencies. Now, a fresh presale token, Remittix, with a price of $0.0217, emerges as a potential successor to these crypto powerhouses. Ethereum (ETH): The Smart Contract Trailblazer Ethereum`s price evolution from $0.311 to over $3,000+ marks a remarkable 1,043,833% gain for its early backers. Recent data indicates that whales have acquired more than 330,000 ETH, valued at over $1 billion, within a week. Analyst Ali Martinez notes that Ethereum`s price is showing consolidation signs, possibly leading to a climb to $7,000. While Ethereum remains a leader in smart contracts, its high gas fees and scaling challenges open the door for new platforms with better payment solutions like the presale token, Remittix. TON: Blockchain Aspirations from Telegram Toncoin reached impressive heights in 2024, though recent news of 91% token concentration in a few wallets led to a price dip from $5.20 to $4.80. Despite this fluctuation, TON`s integration with Telegram and its scalable design highlight the importance of user-centric blockchain solutions. However, TON`s focus on messaging leaves a gap for dedicated payment platforms. Remittix steps in to bridge this gap by facilitating easy crypto-to-fiat transactions across international banking systems. Remittix: A Game Changer in the DeFi World Emerging as a key player in DeFi, Remittix marries the speed and efficacy of blockchain with the reach of traditional payment networks. Its innovative PayFi model allows users to convert over 40 cryptocurrencies into fiat for seamless transfers to any bank worldwide. The straightforward four-step process—from entering recipient details to finalizing the transfer—ensures user-friendliness while avoiding hidden costs and steep exchange rates. Catering to crypto users, businesses, and freelancers, Remittix provides a flexible, transparent, and privacy-focused alternative to conventional methods. The Remittix presale presents a unique opportunity in the crypto world. With a current presale token price of $0.0217, the project targets raising $36 million through its 750 million RTX tokens. Importantly, liquidity pool and team tokens will be secured for three years, ensuring long-term stability. A comprehensive smart contract audit has been conducted with no issues, demonstrating the project`s dedication to security and openness. Once listed on major centralized exchanges and Uniswap, $RTX will transition governance to the community, giving token holders the power to shape its future. Beyond its presale token, Remittix is establishing itself as a pivotal entity in the $183 trillion global banking industry by tackling inefficiencies in cross-border transactions. While Ethereum and Toncoin have excelled with smart contracts and scalable frameworks, Remittix distinguishes itself with a focus on practical application. By enabling freelancers to receive crypto payments via its Remittix Pay API and supporting businesses with customizable merchant accounts, the project promotes financial inclusion and operational ease. Seize the Opportunity The figures speak volumes. Early buyers of Ethereum saw their $0.311 investment soar to $3,296, while the TON price grew from its initial value to $5.32. Now, Remittix provides a similar opportunity at its presale token price of $0.0217. As banks and payment apps impose high fees for international transfers, Remittix offers a straightforward solution: sending crypto that converts to regular currency in any bank account. With robust security, clear expansion plans, and a solution to costly international transfers, Remittix positions early investors for potential gains as more people seek faster, cheaper ways to send money globally. Interested in joining the next big development in crypto payments? Participate in the Remittix presale here: Website: https://remittix.io/ Socials: https://linktr.ee/remittix Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice. Crypto Potato