Cryptocurrency News & Live Updates
Synopsis
NFT sales have rebounded by 8.17% to $125.1 million, with Ethereum reclaiming its position as the second-largest blockchain for NFT sales, while Polygon drops to third.
The NFT market has shown signs of recovery, with sales climbing to $125.1 million, a notable 8.17% increase. Ethereum has regained its footing with $25.6 million in sales, reflecting a robust 31.77% growth, while Polygon has slipped to third place with a significant decline. Meanwhile, Elon Musk has predicted that advancements in AI and robotics will drive economic growth in the coming decade. In a different vein, U.S. crypto investors are facing a surge in IRS warning letters, with a staggering 758% increase reported by CoinLedger. Many investors are caught off guard, believing they filed their taxes correctly, yet confusion over wallet transfers and missing data has led to these alerts. As the IRS prepares for stricter enforcement with new reporting rules set for 2026, experts advise investors to keep meticulous records and seek professional guidance if they receive serious notices. The intersection of NFT market dynamics, technological advancements, and regulatory scrutiny paints a complex picture for the crypto landscape.
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NFT Sales Surge to $125M, Ethereum Rises
NFT sales have rebounded by 8.17% to $125.1 million, with Ethereum reclaiming its position as the second-largest blockchain for NFT sales, while Polygon drops to third.
Musk Envisions Economic Growth via AI and Robotics
Elon Musk believes that advancements in artificial intelligence and robotics will drive substantial economic growth and surplus over the next decade.
IRS Crypto Warning Letters Surge by 758%
CoinLedger reports a staggering 758% increase in IRS warning letters sent to U.S. crypto investors in the last 60 days, with many recipients confused despite believing their tax filings were correct.