Solana Labs co-founder Anatoly Yakovenko argues that the IRS's current tax treatment of staking rewards as immediate income creates a significant burden, especially for smaller stakers, by forcing them to pay taxes on unrealized gains. This tax policy, stemming from IRS Revenue Ruling 2023-14, discourages participation in proof-of-stake networks like Solana, Ethereum, and Cosmos. Despite bipartisan efforts to change this to a realization-based tax system, the IRS has not revised its stance. Yakovenko suggests that addressing these tax issues would benefit Solana's ecosystem far more than network tokenomics adjustments, which remain secondary in importance.
Bitcoin is stable around $83,000 despite a 2% weekly drop, while major altcoins like Ethereum, Solana, and XRP face sharper declines of 5-10%. ETF outflows, rising US interest rates, and geopolitical tensions are pressuring the market. Key upcoming e...
Solana's network economics have improved, with token holder net income exceeding $400,000 for two consecutive weeks as SOL traded near $109 on October 11. This marks a recovery after three weeks of negative results, indicating that network activity g...
Solana (SOL) finalized a network upgrade on October 9, reducing its target slot time from 400 milliseconds to 200 milliseconds through a staged process. This change aims to speed up transaction confirmations and potentially support more efficient tra...
In September, Solana (SOL) saw a significant surge with over 14% price gains and a record 10.7 billion transactions, the highest since May 2025. This growth was supported by a milestone in tokenized stocks on its network, with supply surpassing $780....
On October 11, XRP's coin-margin long positions increased significantly by 12 percentage points to 78.32%, while Ethereum's long positions declined in both coin-margin and USDT-margin markets. Bitcoin and Solana also saw notable increases in long pos...
