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.
On October 22, 2026, U.S. altcoin spot ETFs showed mixed net flows: XRP, HBAR, ZEC, and NEAR ETFs recorded inflows, while SOL and HYPE ETFs experienced outflows. XRP spot ETFs attracted $3.55 million, continuing a positive trend, while SOL ETFs saw $...
The cryptocurrency market experienced a broad decline on Thursday morning, with total market capitalization falling 4.59% to $2.75 trillion. Bitcoin dropped 2.49% to $81,712, while other major coins like Ether, XRP, Solana, Dogecoin, and BNB also saw...
Solana Company has established its Asia-Pacific executive hub in Hong Kong and plans to expand its validator operations there. This move is part of a broader infrastructure program covering four major cities: Seoul, Tokyo, Singapore, and Hong Kong, a...
On October 22, Bitcoin dropped 3.61% to $81,394.33, while altcoins like Ether, XRP, and Solana fell even more sharply. Token group indexes such as Memecoin, Computing Select, and DeFi Select also saw larger declines. Despite these price drops, U.S. s...
On October 22, Bitcoin's perpetual-futures open interest fell by 5.82%, the largest decline among five major cryptocurrencies including Ether, Solana, XRP, and Dogecoin. Bitcoin's open interest stood at $7.62 billion with a negative funding rate, ind...
