Naquib Malik 🎭 🍖 🎩 (naquibahmad)

My $DEGEN stats frame by @cashlessman.eth

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My $DEGEN stats frame by @cashlessman.eth

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https://degen.altumbase.com/degen/

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My $DEGEN stats frame by @cashlessman.eth

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DEGEN Token Holders Surpass Half A Million In Six Months. According to Odaily, the number of Degen token holders has increased significantly. Six months after its debut on platform X, DEGEN token holders have surpassed 500,000. The rapid growth of the user base indicates high market acceptability and DEGEN token demand. The poll, however, did not go into greater detail on the demographic profiles or geographic distribution of these token holders. The rise of DEGEN token holders reflects the overall expansion trend in the bitcoin market, which has seen a significant increase in participant count in recent years. The study omitted any specific elements that would have contributed to the exponential increase in DEGEN token holders. It is unclear whether this trend of expansion will continue in the future.

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Bitcoin Sinks Under $61K as One Trader Sticks to $150K Prediction This Year With $13 million in net withdrawals on Tuesday, U.S.-listed ETFs ended a five-day inflow streak; concerns about the Mt. Gox payout may have contributed to the sell-off.

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US Treasury finalizes new crypto tax reporting rules . A regulation requiring cryptocurrency brokers—including exchanges and payment processors—to furnish the Internal Revenue Service with updated data regarding users' exchanges and transactions involving digital assets was completed by the US Treasury Department on Friday. The new regulations, which are a result of the bipartisan $1 trillion 2021 Infrastructure Investment and Jobs Act, aim to punish bitcoin owners who might not be paying their taxes. The new regulations were expected to produce over $28 billion over the course of ten years at the time the measure was passed.According to the Treasury, the rule will harmonize cryptocurrency tax requirements with current tax reporting regulations for brokers of other financial assets, including as bonds and equities. It will be phased in starting next year for the 2026 tax filing season.

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