Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters

According to CoinLedger CEO David Kemmerer, thousands of U.S. crypto investors have recently received warning letters from the Internal Revenue Service (IRS), marking a significant escalation in the agency’s efforts to enforce tax compliance in digital assets.

What Happened: In an interview with The Block, Kemmerer revealed that IRS letters targeting crypto investors have spiked 758% over the last two months, based on CoinLedger’s internal tracking.

This surge comes ahead of the IRS’s new 1099-DA reporting rules, set to take effect in January 2026. These regulations will require all crypto brokers to report both the gross proceeds and cost basis of digital asset sales, giving the IRS a far…

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Recapping Day 3 of Permissionless IV

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Permissionless Day 3 concluded yesterday, and we’re back with some highlight quotes. In case you missed it, we also did a recap of Day 2 here.

What role will crypto play in working AI products?

Haseeb of Dragonfly Capital: “We all know the obvious answers which [are]: engineer, accountant, lawyer, girlfriend, maybe in reverse order.”

Casey Caruso of Topology cited brain models coming within the decade: “The long story short is that we don’t have enough data on neural activity to train a brain model today and one thing that crypto is really good at is incentivizing people to…

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Lnfi Integrates RGB | Lightning Network’s Value Stack

As the RGB Protocol—an off-chain smart contract platform designed to bring scalable, programmable assets to Bitcoin—goes live on mainnet, Lnfi announced full-stack integration across its ecosystem, empowering developers and users with immediate access to institutional-grade trading, fundraising, and asset management tools for RGB-based assets.

By provisioning a full stack of best-in-class financial infrastructure, Lnfi ensures projects can deploy scalable, secure, and interoperable solutions alongside RGB’s launch.

“Lnfi has always been at the forefront of building highly performant and scalable financial infrastructure on Lightning,” said Luke, co-founder…

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If Institutions Are Buying Why Isn’t The Bitcoin Price Going Up?

ETF inflows and institutional purchases continue to climb, yet many investors are puzzled by the muted Bitcoin price action. With billions flowing into BTC, why aren’t we seeing the price explode to new highs? The reality is more nuanced than it first appears.

Bitcoin ETF Inflows

Looking at the ETF cumulative inflows chart (excluding GBTC outflows), it’s clear that demand from institutional players has been robust. Since the most recent pullback in late March, net ETF inflows have climbed from roughly 527,000 BTC to over 630,000 BTC, an increase of around 100,000 BTC in under 3 months. These are significant numbers, yet the Bitcoin price has largely mainly drifted sideways…

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Bitcoin To New Highs? It Might Take Longer Than You Think, Glassnode Report Says

Bitcoin‘s BTC/USD chances of breaking to new all-time highs in the near term appear constrained, according to the latest analysis by blockchain intelligence firm Glassnode.

What Happened: The report highlights fading momentum, reduced on-chain activity, and declining investor profitability as key factors capping immediate upside.

The cryptocurrency briefly fell to $99,000 over the weekend amid rising geopolitical tensions but quickly recovered to $106,000 following reports of de-escalation.

Despite this volatility, Bitcoin remains range-bound between $100,000 and $110,000, a pattern it has sustained since early May.

Glassnode’s data suggests that Bitcoin’s structural support remains firm…

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Do tokens need fundamentals? – Blockworks

This is a segment from the Empire newsletter. To read full editions, subscribe.

I know Permissionless is over, but let’s take it back to the main stage one more time. Specifically, I want to focus on the Bell Curve x Empire Round Up.

One of the most interesting parts of the conversation between Blockworks co-founders Mike Ippolito and Jason Yanowitz, Framework’s Michael Anderson, and Inversion’s Santiago Santos is the idea that crypto could — at some stage — have its own version of the Mag 7 (a term coined to describe the “magnificent seven,” or some of the top stocks over on Wall Street). 

“The meta-narrative is: Tokens need to make money. Tokens need to…

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LATEST: Genius Group Eyes Billion-dollar Lawsuit Funds For Massive Bitcoin Buying.

Group has announced plans to share potential billion-dollar lawsuit winnings with shareholders and build up its Bitcoin reserves. The edtech firm’s board has approved a plan to split any proceeds from two legal battles which together seek more than $1 billion in damages. One lawsuit under the RICO Act targets LZGI International for $750 million while a second case is still pending.

CEO Roger Hamilton said shareholders could receive at least $7 per share if both lawsuits succeed with half of any winnings going into a Bitcoin treasury expansion. Genius aims to buy 5,000 BTC at current prices around $107,000 each and has already grown its Bitcoin holdings by over 50% this year.

The company also confirmed it will keep applying the same distribution plan to any future legal payouts. Genius was previously banned from buying Bitcoin with investor funds but that restriction was lifted after a month giving the company a green light to push ahead with its crypto-focused strategy.genius-group-lawsuit-dividend-bitcoin-buy

Source

LET Mining Launches Modern Cloud Mining Platform to Make Crypto Earnings Accessible and Eco-Friendly

London, UK, June 27, 2025 (GLOBE NEWSWIRE) — Amid growing demand for passive income in the digital asset space, UK-based company LET Mining has officially launched its next-generation cloud mining platform, aiming to make cryptocurrency earnings more accessible, transparent, and environmentally responsible. The company offers users a simplified entry into mining top digital assets like Bitcoin, Dogecoin, Litecoin, and Ethereum — all without the need to purchase or manage physical equipment.

LET Mining enters the market at a time when many investors are seeking lower-risk, infrastructure-free ways to participate in the cryptocurrency economy. With traditional mining becoming…

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LATEST: Bakkt Seeks SEC Approval to Raise $1 Billion for Bitcoin Investment Strategy

Crypto software firm Bakkt Holdings aims to raise up to $1 billion through securities offerings as it looks to invest in Bitcoin and other digital assets. The company filed a shelf registration with the US SEC, allowing it to issue Class A stock, preferred stock, debt securities, warrants, or a mix of these. This gives Bakkt the flexibility to tap capital markets quickly when conditions are right.

The firm recently updated its investment policy to enable crypto investments, although no purchases have been made yet. Bakkt said it may acquire Bitcoin using excess cash, proceeds from future equity or debt deals, or other capital sources. It also noted that recent crypto IPOs from Circle, eToro & Gemini show growing momentum in the space.

Bakkt shares rose 3% Thursday to $13.33 but are still down 46% this year. The company warned of ongoing financial issues and doubts about its ability to continue operations after losing key clients like Bank of America & Webull.

SEC filing