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“As protocol revenue for LSD protocols directly correlates with ETH prices, liquid staking protocols can be seen as a levered bet on ETH as they gain a stronger market share over staked ETH,” the authors write, arguing that the liquid staking market share will take a sizable amount from solo
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United States crypto investors must report crypto staking rewards as gross income in the year it was received, according to a new ruling from the country’s top tax authority.On July 31, the Internal Revenue Service (IRS) issued Revenue Ruling 2023-14, giving clarification about how income earned from staking digital assets should
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Yuga Labs accelerates Otherside planNonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as Yuga looks to bolster its Otherside metaverse.Yuga tweeted the news on July 31 saying the impending acquisition was to “execute our expansive vision” for Otherside.An accompanying release said Roar Studios'
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“The fair market value of the validation rewards received is included in the taxpayer's gross income in the taxable year in which the taxpayer gains dominion and control over the validation rewards,” according to the legal analysis, which says that value should be figured as of the moment the U.S.
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The original EY-ZERO1 collection granted holders exclusive benefits, including Etihad Silver Tier status for one year and access to an NFT holders' event at the Yas Marina Circuit Formula 1 race. The new collection offers an expanded list of digital and real-world rewards, including a 12-month Etihad Guest Silver Tier
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Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge.While LSTs are just beginning to hit their stride, their advantages over traditional ETH will soon become
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Liquid staking is a decentralized finance (DeFi) subsector that lets users earn yield by staking their tokens without losing their liquidity. It has become the biggest DeFi sector in terms of total value locked (TVL), according to crypto exchange Binance’s Half-Year Report 2023. Within the report, the crypto exchange highlighted that
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Marinade Finance contributors say the new service could appeal to institutional investors. Original Source
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"STRD has a hard cap of 100 million tokens. According to the original tokenomics, in the first year, 2,608,200 STRD is emitted as staking rewards. As part of Stride’s transition to ICS, that figure will be reduced by half, to 1,304,100 STRD annualized. This reduction will be implemented in a
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United States-based cryptocurrency exchange Coinbase has announced it will be temporarily stopping customers from staking additional assets in four states amid legal proceedings from local regulators.In a July 14 blog post, Coinbase said users in California, New Jersey, South Carolina, and Wisconsin would be restricted from using certain staking services
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