CRYPTO (CRYPTO) news

What Is KernelDAO and How to Claim the KERNEL Airdrop

In a crypto market where staking has become the norm, KernelDAO introduces a new way to put your staked assets to work—without locking them away. Built for Ethereum and BNB Chain, KernelDAO offers a system called restaking, which allows users to reuse their ETH, BTC, or BNB across multiple networks and services while continuing to earn rewards. The result? Greater efficiency, more utility, and potentially higher returns from the same assets. Whether you’re exploring liquid restaking, decentralized infrastructure, or simply looking to claim the KERNEL airdrop, understanding how KernelDAO works could help you stay ahead. This guide covers the essentials: what KernelDAO is, how it operates, what the KERNEL token is used for, and how to check if you’re eligible for free tokens. What Is KernelDAO? KernelDAO is a multichain restaking protocol designed to improve how users earn from their staked crypto assets. It allows users to restake assets like ETH, BTC, and BNB across multiple networks and applications, unlocking additional yield opportunities while maintaining liquidity and flexibility. The idea behind KernelDAO was born from a common problem in the crypto space: once a token is staked, it typically becomes locked or limited to one network or validator. This reduces capital efficiency and prevents users from earning more rewards elsewhere. KernelDAO addresses this by introducing a restaking layer, enabling the same assets to secure different decentralized services, such as middleware, oracles, and rollups, across multiple chains. KernelDAO quickly became one of the fastest-growing restaking projects, with more than 2 billion in total value locked (TVL). The protocol was co-founded by Amitej Gajjala and Dheeraj Borra, both experienced builders in the Web3 ecosystem. Their goal was to create a unified platform that bridges staking, liquid restaking, and yield automation—without requiring users to manage complex strategies themselves. How KernelDAO Works The KernelDAO ecosystem is built around three main products: Kernel, Kelp, and Gain. Each product serves a specific function within the restaking stack and helps users interact with their staked assets in a more flexible and efficient way. 1. Kernel – Shared Security Layer on BNB Chain Kernel is the foundation of KernelDAO’s restaking infrastructure on the BNB Chain. It enables users to restake BNB, BTC, and other supported assets to provide economic security for decentralized applications and middleware. By pooling restaked assets, Kernel allows multiple protocols to access shared security without building their own validator infrastructure. For delegators, this means earning additional rewards on staked assets. For developers, it lowers the cost of launching secure blockchain services. Kernel supports integrations with distributed validator networks (DVNs) and over 30 ecosystem projects. Its shared model is designed to make crypto economic security more accessible and capital-efficient. 2. Kelp – Liquid Restaking on Ethereum Kelp is a liquid restaking protocol that operates on Ethereum. Users who stake ETH through Kelp receive rsETH, a liquid token that represents their restaked ETH. This token can be used in various DeFi applications, including lending, liquidity pools, and trading platforms—while still earning both staking and restaking rewards. rsETH is integrated with over 50 DeFi platforms such as Aave, Morpho, and Balancer. It allows users to stay liquid and actively participate in DeFi markets without locking up their assets. With over 2 billion in TVL and 400,000+ unique restakers, Kelp has become one of the largest liquid restaking protocols in the Ethereum ecosystem. 3. Gain – Automated Yield Vaults Gain is a suite of non-custodial yield vaults designed to simplify reward optimization. Users deposit supported assets—like ETH, rsETH, or stETH—into vaults that automatically allocate funds across multiple networks to capture yield opportunities. The vaults run on predefined strategies and do not require manual intervention. Two of its flagship products are: ● agETH (Airdrop Gain): Focused on earning rewards from Layer 2 airdrops and base staking simultaneously. ● hgETH (High Gain): Aims to deliver higher, risk-adjusted returns through advanced yield strategies. Gain supports a wide range of DeFi and CeFi integrations, and currently manages over 200 million in TVL. It is especially useful for users looking to consolidate complex strategies into a single, one-click tool. What Is KernelDAO Tokenomics? The KERNEL token is the native utility and governance token of the KernelDAO ecosystem. It plays a key role across all three of KernelDAO’s products—Kernel, Kelp, and Gain—by powering governance decisions, supporting restaking operations, and enabling future insurance mechanisms. 1. Total Supply and Distribution ● Total Supply: 1,000,000,000 KERNEL tokens ● Initial Circulating Supply: ~16.23% at the time of the Token Generation Event (TGE) on April 14, 2025 The token follows a community-first distribution model, with the majority of the supply allocated to early users, restakers, and ecosystem participants. KERNEL Token Distribution 2. KERNEL Token Utility The KERNEL token serves multiple purposes throughout the KernelDAO protocol: ● Governance: Token holders can vote on key protocol decisions, including fee structures, validator selection, and strategy parameters for vaults. ● Restaking Security: Users can stake KERNEL to help secure protocols built on KernelDAO, contributing to the shared security pool and earning protocol rewards. ● Slashing Insurance: In the future, staked KERNEL will serve as economic insurance against slashing risks for restaked assets like rsETH. ● Liquidity Provision: Users can add KERNEL to liquidity pools on decentralized exchanges to earn incentives and support the token’s on-chain liquidity. Everything You Need to Know About the KernelDAO Airdrop The KernelDAO airdrop is part of the protocol’s community-first approach to token distribution. Instead of relying on random giveaways, KernelDAO uses a points-based system to reward users who actively participate in the ecosystem through restaking and vault deposits. KernelDAO Airdrop Overview The airdrop is being rolled out in seasons, each with a specific allocation of KERNEL tokens and eligibility rules. The goal is to reward real users and contributors—not bots or short-term farmers. ● Season 1 Allocation: 10% of the total KERNEL supply (100 million tokens) ● Season 2 Allocation: 5% of the total supply (50 million tokens) ● Season 3 and future seasons: Subject to community governance Points are calculated based on your activity across Kernel, Kelp, and Gain. The more you deposit and restake, the more points you earn. How to Claim the KERNEL Airdrop 1. Go to: https://kerneldao.com/airdrop-checker 2. Connect your wallet 3. Sign a message to verify ownership 4. View your airdrop status and allocation 5. Claim your tokens after the Token Generation Event (April 14, 2025 at 11:00 AM UTC) Please note: If you only interacted with Kernel, your airdrop will be distributed on BNB Chain. If you used Kelp, Gain, or a combination of products, your tokens will be claimable on Ethereum. Conclusion KernelDAO is a multichain restaking protocol that gives users more control over their staked crypto assets by allowing them to earn rewards across multiple networks without losing liquidity. Through its core products—Kernel, Kelp, and Gain—the platform supports shared security, liquid staking, and automated yield strategies. With the recent launch of the KERNEL token and its airdrop, the protocol has created new incentives for both early adopters and users interested in DeFi infrastructure. For those looking to maximize staking rewards and explore restaking in a flexible, cross-chain environment, KernelDAO introduces a system that expands what staked assets can do. Trade KERNEL on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

The Ultimate Decentralised Experience Starts... With Bitget Onchain

The next evolution of crypto trading isn't just happening on-chain. It's happening through you. Bitget Onchain is designed for the curious, the bold, the first-movers. It's your real-time lens into token discovery, your alpha engine in a decentralised world. You no longer need to hunt through block explorers or navigate a dozen dApps to find what's trending. With Bitget Onchain, we bring it all to you in one place — hot tokens, smart filtering, seamless trades. If it's moving on-chain, you'll see it here first. Our Vision: Your On-chain Edge In a world where the most explosive opportunities live on-chain, every second counts. New tokens can launch and pump within hours. Wallet counts spike. Trading volumes surge. Traditional tools simply can't keep up, while existing on-chain tools, though fast, are fragmented, complex, and often unfriendly to casual or mobile users. Bitget Onchain shatters these barriers. We envision a future where complexity never limits your potential. No more tangled Web3 wallets or complicated DeFi setups: just instant, effortless access to blockchain's biggest opportunities. With our powerful tools, intuitive interface, and AI-driven intelligence, you are not only trading better but also trading ahead. Bitget Onchain makes every second count by ensuring you're consistently winning. Since complexity is replaced by clarity, guesswork by certainty, and missed opportunities by decisive, profitable moves, Bitget Onchain is your gateway to unmatched alpha, keeping you perpetually ahead of the market. Bitget Onchain is built to feel like magic. Here's what's actually happening behind the scenes, without bridges, extensions, or additional browser tabs: ● We scan the blockchain every 60 seconds, tracking tokens that are newly deployed, actively traded, or gaining traction. ● Our system tags and ranks them based on metrics like price movement, FDV, volume, and holder activity. ● Tokens appear in rankings (e.g. Hot Picks, New Picks) only if they pass eligibility checks and risk filters. ● You see them inside the Bitget App, with complete transparency and optional filters (by chain, by category, etc). ● If you trade, Bitget executes the swap on-chain using secure smart routing to get you the best quote with full gas fee estimates. ● Everything is recorded, for example your trades, assets, pending orders. Onchain balances are fully traceable in-app. What You Get With Bitget Onchain Bitget Onchain isn't just a gateway to the decentralised world but also your secret weapon. Designed to be intuitive, fast, and wildly addictive, it transforms every tap into an opportunity to discover and trade the next big thing before it goes viral. Unmatched Speed & Simplicity With Bitget Onchain, Web3 trading feels lightning-fast, friction-free, and intuitive. You don't need to understand private keys, signing permissions, or DeFi quirks. Just tap and trade. This is decentralised trading at exchange-grade speed and convenience. Battle-Tested Security Enjoy decentralised trading with the security backbone of a centralised exchange with a flawless security record. You don't need to manage seed phrases, worry about wallet authorisation, or compromise asset safety. Bitget Onchain wraps every on-chain action with the highest level of protection, so you can trade with peace of mind. In-App On-chain Trading Spotted a moonshot? Trade it instantly without ever leaving the Bitget App. Bitget Onchain lets you buy tokens directly using USDT/USDC from your spot account, hence there's no need for Web3 wallets or confusing setups. It's trading made radically simple with real-time pricing, built-in gas estimates, and seamless execution. You stay in full control of your journey, while Bitget handles the slippage, cross-chain routing, and security infrastructure. Selling is just as effortless, with assets pulled directly from your Onchain account and full transaction tracking baked into the mobile experience. Smarter Discovery Forget Etherscan rabbit holes and endless DEX scrolling. Bitget Onchain puts the signal in front of you live, ranked, and ready to move: ● Hot Picks show you which tokens are popping off right now in terms of price spikes, user activity, and volume surges. ● New Picks let you catch early-stage tokens gaining momentum right after deployment. ● Curious what the crowd is flocking to or what whales are silently scooping up? Track tokens with rapidly increasing wallet holders and filter them by FDV or volume to see exactly what's heating up. ● We are currently supporting Solana, Base, and BNB Chain. More networks will be integrated later on. The engine behind it all is a real-time indexing system synced to on-chain seed tables. It's first rather than fast only. Unrivalled Asset Selection Why wait for a listing? Bitget Onchain gives you earlier access to high-potential tokens than most traditional exchanges, often before the crowd even knows they exist. It constantly updates token availability in real-time to help you uncover early-stage gems and act before the next breakout narrative hits. AI-Powered Precision Bitget Onchain is as smart as it's fast. With AI-driven real-time filtering, users are empowered to spot quality opportunities early while steering clear of blind or emotional bets. Whether you're a casual trader or alpha-hunting degen, the AI engine improves decision-making, enhances timing, and boosts the efficiency of every trade. Real Transparency, Zero Guesswork Every token listed via Bitget Onchain comes with the full story. You'll see contract data, liquidity, market cap, holder count—all straight from the blockchain. Dive into live K-line charts with minute-level precision or monitor transaction flows in real-time to catch market momentum as it forms. When available, the Bitget Index Score adds an extra layer of clarity by distilling popularity, volatility, and growth signals into one multidimensional number. How To Use Bitget Onchain Follow these simple steps to discover, purchase, and manage your Onchain tokens effortlessly within the Bitget App. Step 1: Explore the Bitget Onchain Market Open your Bitget App and navigate to [Markets]. Tap the [Onchain] tab to see trending tokens across categories like Hot Picks, New Picks, or sorted by FDV, Volume and Holders. Alternatively, you can go to [Trade] then [Onchain]. Let's use the TRUMP token as an example: select [TRUMP] from the token list. Step 2: Check Token Details On the token detail page, you'll find essential token data such as market cap, liquidity, holders, FDV, and the Bitget Index Score. When ready, tap [Trade] at the bottom. The token contract address is shown under the token name. Step 3: Enter Your Purchase Amount Enter the amount of USDT (you can also pay with USDC) you'd like to use to buy TRUMP tokens. To quickly allocate your spot-account balance, you can also tap the shortcut buttons: 25%, 50%, 75%, or 100% correspond to preset proportions of your available USDT. Confirm your entry by tapping [Buy TRUMP]. Step 4: Confirm Your Order Carefully review the details shown, including the estimated amount of TRUMP tokens you'll receive. When ready, tap [Confirm] to submit your trade. Step 5: Wait for Order Execution After confirming, your pending transaction appears under the [Orders] tab, labeled [In process], as your transaction is executed on-chain. Since this is an on-chain transaction, the processing time depends entirely on blockchain network conditions and is not controlled by Bitget. Step 6: Check Your Onchain Assets Once your transaction is successful, your TRUMP tokens move from the [Orders] tab directly to the [Assets] tab. Your newly acquired tokens are now displayed here, allowing you to easily track their real-time value and performance. If you want to see your order history, tap on the [History] button as marked below. Step 7: If You Want to Sell Your Tokens If you want to sell your tokens, make sure the assets you wish to sell are already held or transferred to your Onchain account. Go to the token's trade page, select the [Sell] tab, enter your desired selling amount, then tap [Sell] and confirm the order. After execution, your USDT balance from the sale will be updated in your Onchain account, ready for your next trade or withdrawal. Final Alpha The on-chain world will never slow down. Every day, new tokens, new narratives, and new opportunities emerge. Bitget Onchain is here to help you stay ahead of the curve instead of just reacting to it. This power tool shouldn't be reserved for whales. Your edge is no longer just what you know. It's how fast you act—and how smart your tools are. Welcome to the future of decentralised discovery with Bitget Onchain.

U.S. Tech Tariff Exemptions Spark Crypto Surge

Bitcoin climbed to $84,900, gaining over 1.5% as it tries to reverse a downward trend lasting three months. This price jump followed the U.S. government's decision to exclude key tech products—like smartphones, chips, and computers—from new tariffs under former President Trump’s trade rules. These exemptions signal that the U.S. might be easing its stance in the ongoing trade war with China. Experts believe pressure from the bond market is pushing the U.S. to back down. At the same time, other major cryptocurrencies like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) rose sharply—by around 6%. This shows growing confidence among investors and a willingness to take more risks. Bitcoin’s recent price chart shows it might be breaking out of a steep decline, which could encourage more investors to buy in. The broader crypto market is showing strong momentum. Stablecoins like USDT and USDC still hold a combined value of over $200 billion, near record levels. If this trend continues, it might lead to more gains when U.S. stock markets open on Monday. Source: CoinDesk Futures Market Updates In the past 24 hours, both BTC and ETH futures saw a notable rise in trading volume, BTC up 16.27% and ETH up 18.38%, indicating increased market activity. However, BTC futures experienced a sharper drop in open interest (-3.04%) compared to ETH's smaller decline (-0.77%), suggesting a greater unwinding of positions in BTC. Liquidations were higher in long positions compared to short positions for both BTC and ETH. Both assets showed nearly even long/short ratios and positive but modest funding rates, implying balanced trader sentiment and slightly bullish positioning. BTC Futures Updates Total BTC Open Interest: $56.81B (-3.04%) BTC Volume (24H): $124.58B (+16.27%) BTC Liquidations (24H): $52.21M (Long)/$36.52M (Short) Long/Short Ratio: 50.68%/49.32% Funding Rate: 0.0070% ETH Futures Updates Total ETH Open Interest: $17.89B (-0.77%) ETH Volume (24H): $46.04B (+18.38%) ETH Liquidations (24H): $35.69M (Long)/$24.39M (Short) Long/Short Ratio: 50.55%/49.45% Funding Rate: 0.0064% Top 3 OI Surges GODS: $12.58M (+1267.93%) A8: $2.67M (+116.84%) COW: $26.62M (+109.77%)

Polymarket: The Crypto Betting Site That Knows the Future (Sometimes)

What if you could turn your opinions about world events into real money? Welcome to Polymarket—a blockchain-powered prediction platform where users bet on everything from elections and celebrity drama to economic forecasts and legal showdowns. Backed by crypto and powered by collective intelligence, Polymarket promises a glimpse into the future or, at least, the one the internet believes in. In this article, we'll explore how Polymarket makes money, how it works, its controversial rise under founder Shayne Coplan, and how Donald Trump became the platform's most high-stakes subject. What Is Polymarket? Polymarket is a decentralised prediction market that lets users bet on real-world outcomes using crypto. Think of it as a betting exchange crossed with a news ticker, except powered by the Polygon blockchain and run through smart contracts. Users can bet on yes-or-no questions like "Will Donald Trump win the 2024 U.S. Presidential Election?" or "Will Apple release a foldable iPhone by 2026?". Each market has a share price between $0 and $1, which reflects the crowd's belief in that outcome. If you buy Yes at $0.40 and the event happens, you get $1. If not, you lose your stake. Source: Polymarket What sets Polymarket apart is its use of blockchain infrastructure and stablecoins like USDC to create transparent, tamper-resistant markets. No bookie needed, no house bias. How Does Polymarket Work? At its core, Polymarket is a trading platform for probabilities. You connect a crypto wallet, fund it with USDC, and start buying or selling shares in future events. These aren't fantasy points or play money; it's real crypto at stake. Markets are resolved by oracles (automated systems or trusted sources like news outlets) that determine the outcome once an event concludes. The entire process runs on smart contracts, meaning trades, payouts, and record-keeping are all automated and publicly verifiable on the blockchain. For example: ● A Yes share priced at $0.65 implies a 65% chance of the event happening. ● If you disagree, you can buy No at $0.35. ● When the event resolves, winners get $1 per correct share. Losers get $0. This system enables real-time, crowd-sourced forecasting that adapts to breaking news, rumors, and shifting sentiment, sometimes faster than polls or pundits. How Does Polymarket Make Money? Polymarket takes a 2% fee on net winnings, meaning if you bet $100 and win $200, you keep $198. Losers pay nothing beyond their original bet. It’s a simple model that scales well with high-volume events. Additional revenue sources include: ● Market creation fees: Users must pay to launch new markets to filter out spam and help maintain quality. ● Liquidity spreads: Price differences between buy/sell orders allow market makers and sometimes the platform to earn indirectly. ● Data insights: With millions of user-generated predictions, Polymarket's data is a goldmine for traders, researchers, and journalists tracking public sentiment. In short: Polymarket wins when users are active, not when they lose. The Visionary (and Controversial) Shayne Coplan At the centre of Polymarket's rise is Shayne Coplan, the platform's enigmatic founder. A college dropout from New York and early Ethereum adopter, Coplan launched Polymarket in 2020 with the idea that prediction markets could outshine polls and pundits. Backed by investors like Founders Fund and Vitalik Buterin, Coplan grew Polymarket into a crypto phenomenon. But with success came scrutiny. In 2022, the U.S. Commodity Futures Trading Commission (CFTC) fined Polymarket $1.4 million for offering unregistered binary options. The platform agreed to block U.S. users, but questions lingered about enforcement. In late 2024, just after the U.S. presidential election, FBI agents raided Coplan's apartment in connection with an ongoing federal investigation. Though he wasn't arrested, the move signaled growing legal pressure on prediction markets, and added to Coplan's mythos as a rebellious founder operating in a legal grey zone. Trump and the Billion-Dollar Bets If one figure defines Polymarket's rise, it's Donald J. Trump. The platform exploded in popularity during the 2024 U.S. election, as users bet over $1 billion on whether Trump would reclaim the presidency. Markets at times gave him a higher chance of winning than major polls did, leading many to wonder if Polymarket was seeing something others weren't. Source: Polymarket 2024 Election Forecast At the peak, four anonymous "Trump whales" collectively wagered over $40 million on his victory. Rumours swirled: Was it insider knowledge? Just conviction? Either way, Polymarket became the go-to source for those who wanted a live, financial pulse on the election. The aftermath? Trump won—and so did those traders. But regulators took notice. The sheer size of these markets, combined with suspicions that U.S. residents were still accessing the site via VPNs, brought renewed legal heat. Some accused the platform of politicisation, but Coplan maintained it was simply the market speaking. Beyond elections, Polymarket users have bet on: ● Trump's legal indictments ● His social media returns ● Whether he'd attend debates or get convicted These Trump-centric markets have been goldmines for volume and controversy, and they've firmly positioned Polymarket as a cultural barometer, whether regulators like it or not. Why It Matters (and What Comes Next) Polymarket is more than a mere crypto casino. It's a window into how people think the world will unfold. From economic forecasts to entertainment gossip, the markets there reflect the crowd's collective intelligence—or bias. But the big question remains: Is it legal? In many jurisdictions, real-money prediction markets walk a fine line between financial derivatives and gambling. While Polymarket enforces geoblocks and claims to comply with local laws, its future may hinge on whether regulators see it as a forecasting tool, or a threat to democratic processes. Still, for crypto users, data junkies, and risk-takers, Polymarket is the most exciting place to bet on what's next. Remember that Polymarket doesn't promise it knows the future, but it shows you what the internet thinks will happen. Whether that's brilliance or madness depends on your view of markets, memes, and money. But one thing's for sure: it's never boring. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

Crypto Cloud Mining Explained: Mine Bitcoin Without Owning a Rig

You don't need blinking rigs, tangled wires, or a freezer-cooled garage to mine crypto anymore. The pickaxes of the digital gold rush have moved to the cloud—quiet, remote, and rented by the gigahash. Crypto cloud mining flips the script: instead of building the mine, you lease the machinery and let it dig on your behalf. This guide dives deep into how crypto cloud mining works, why people are turning to it, and how you can start mining Bitcoin without touching a single circuit board. What Is Cloud Mining? Cloud mining lets you tap into powerful cryptocurrency mining operations without owning or managing any of the hardware yourself. Instead of setting up noisy machines or worrying about electricity bills, you simply rent mining power from a company that runs massive data centres filled with specialised equipment. These providers handle everything behind the scenes, from setup, cooling, maintenance, to energy costs. All you do is purchase a plan (known as a mining contract) and start earning a share of the crypto mined by the machines you're leasing. It's a bit like joining a harvest where someone else plants, waters, and tends the crops, and you get a cut of what they grow. Many cryptocurrency apps now offer cryptocurrency cloud mining directly within their platforms. That means no extra logins or new websites. Just open your app, choose a mining plan, and pay from your wallet. This option is super convenient, easy to understand, and great for beginners. The appeal is obvious: no bulky gear, no overheating rooms, and no technical hurdles. Everything from dust to downtime is handled by the provider. Starting is also relatively cheap. Most contracts cost under $100, making it far more accessible than building your own mining rig. Some providers even use clean energy like solar, hydro, or geothermal, which is great if you're thinking green. How Does Crypto Cloud Mining Work? Let's break this down, step by step: Step 1: You Buy a Contract You sign up with a cloud mining provider and choose a plan. This includes the cryptocurrency you want to mine (usually Bitcoin), the amount of mining power (called hash power), and the contract length (like 30 days, 6 months, or even open-ended). Hash Power is equal horsepower for mining. More hash power means your rented "muscle" can do more work, and you earn more. Source: HashBeat Step 2: Mining Happens Behind the Scenes The provider connects your rented power to their mining machines, which run 24/7 solving complex puzzles that help operate the blockchain network. ASIC miners are among the most commonly used for mining. They are super-charged computers built only for mining crypto, not your average PC. These machines are made to do one job: earn crypto fast and efficiently. Don't worry about the math or the machines. Your job is done after buying the contract. The provider handles everything else. Step 3: You Get Paid You receive daily or weekly payouts based on how much mining power you bought and how well the mining is going. Your earnings depend on things like crypto prices, mining difficulty (how tough the puzzles are), and provider fees for electricity and maintenance. Real Risks of BTC Cloud Mining BTC cloud mining isn't risk-free. Some sites are outright scams. If it sounds too good to be true, it probably is. Other providers have hidden fees for electricity or maintenance that aren't clear upfront. Crypto prices are unpredictable, and mining difficulty changes over time, so profits aren't guaranteed. You also give up control. You won't choose the machines, software, or location. And if the contract is locked, you might not be able to exit early if things go south. You will now ask: How to choose a good cloud mining provider? Look for clear terms. Fees, duration, and expected returns should be easy to understand. Check reviews and see how long the company has been operating. Good providers show live mining stats and offer responsive support. Look for details about the mining hardware, energy sources, and payout history. Avoid platforms that promise guaranteed profits. There's no such thing in crypto. Is Bitcoin Cloud Mining Still Worth It? That depends on your goals. Bitcoin cloud mining won't make you rich overnight, but it can be a good way to learn about mining or earn small, steady rewards. Also remember that profitability depends on many things: Bitcoin's market price, mining difficulty, contract fees, and how long your contract lasts. Try using a mining calculator to get a rough estimate before you commit. See a general comparison between cloud mining vs traditional mining below: Feature Cloud Mining Traditional Mining Setup Cost Low High (buying hardware) Tech Skills None Advanced Maintenance Handled by provide You do it all Control Low Full control Risk With provider With your equipment Flexibility Easy to start/stop Time-consuming to manage Cryptocurrency cloud mining is great if you want to earn crypto without getting technical. It's useful for investors looking to diversify, people in countries with high energy costs, or anyone who wants to learn about mining without building a rig. If you want full control or are chasing big profits fast, this might not be the right path. Final Thoughts: Is Cloud Mining Right for You? Cloud mining cryptocurrency makes crypto mining simple, affordable, and available to everyone. You don't need to be tech-savvy. You don't need a garage full of machines. You just need a small budget and a curious mindset. Yes, there are risks. No, it won't make you rich overnight. But if you do your research, choose a trustworthy provider, and understand what you're getting into, crypto cloud mining can be a rewarding way to explore crypto and earn digital assets along the way. In short: cloud mining is mining made easy.

Pi Network Mainnet Launch: A New Era for Mobile Mining

The long-awaited Pi Network Mainnet launch finally happened in February 2025, marking a major milestone for the world of cryptocurrency. This event has transformed Pi from a closed ecosystem into a blockchain that allows external transactions, exchange listings, and real-world use cases. Pi Network has been one of the most talked-about projects in the crypto space, thanks to its unique mobile mining system and large community of pioneers. With the introduction of the Pi Network Open Mainnet, users can now transact Pi coins outside the enclosed network, integrating with the broader crypto market. But what does this really mean for the project and its users? Let’s break it down. What Is Pi Network? Pi Network is a cryptocurrency project designed to be accessible to everyone, allowing users to mine Pi coins using just their smartphones. Unlike Bitcoin and Ethereum, which require expensive hardware and significant electricity, Pi uses a Proof of Consensus (PoC) mechanism that enables users to earn coins with minimal effort. Launched in 2019 by a team of Stanford graduates, Pi Network quickly gained popularity, amassing over 70 million users worldwide. The platform operates in four phases: 1. Beta Phase (2019-2020) – Users could mine Pi Coins, but transfers were restricted. 2. Testnet Phase (2020-2022) – Developers tested the blockchain and verified transactions. 3. Enclosed Mainnet Phase (2022-February 2025) – Transactions were restricted within the Pi ecosystem. 4. Open Mainnet Phase (February 2025-now) – External transactions and exchange listings are possible. Before the Pi Network open mainnet launch on February 20, users were unable to withdraw, trade, or use their Pi outside the Pi Network ecosystem. With the Pi Coin Mainnet launch, all that has changed. What Does the Pi Network Open Mainnet Mean? The term “Open Mainnet” refers to a blockchain that is fully operational and connected to external networks. This means Pi Coin can now be transferred to external wallets, traded on cryptocurrency exchanges, and used in real-world applications. Here’s a breakdown of what this means for users: 1. External Transactions – Users can send and receive Pi coins outside of the Pi ecosystem. 2. Exchange Listings – Pi Network is now eligible to be listed on major cryptocurrency exchanges like Bitget. 3. Business Adoption – Companies can now integrate Pi as a payment method for products on the Mainnet. 4. Decentralization – The transition to Mainnet makes the network more secure and scalable. 5. Increased Activities – Developers can launch dApps on the Pi Network and diversify what users can do on the blockchain. Key Features of the Pi Network Mainnet Launch The Mainnet launch has introduced several critical updates that enhance Pi Network’s functionality and credibility. Here are the most important features: 1. KYB Verification for Businesses To encourage adoption, Pi Network now allows businesses to integrate with the Mainnet through Know Your Business (KYB) verification. This ensures that companies accepting Pi as payment are legitimate and trustworthy. 2. Exchange Integration for Trading With Pi Network’s transition to an Open Mainnet, cryptocurrency exchanges, both DEX and CEX included, can now support Pi trading pairs. This means users can finally buy, sell, and trade Pi coins for other cryptocurrencies or fiat money. 3. Security and Scalability Updates Pi Network has rolled out Node version 0.5.1, which optimizes performance, improves decentralization, and prepares for public node rankings. These upgrades ensure that the blockchain remains secure and scalable as more users join the network. 4. Airdrops and Reward System As part of the Mainnet launch, Pi Network conducted a massive $12.6 billion airdrop for KYC-verified users. This rewarded early adopters and encouraged participation in the Open Network Challenge, a program designed to help users explore the Pi ecosystem. What Changed After the Pi Network Mainnet Launch? Since the Pi Network open mainnet, several major developments have taken place: 1. Pi Coin Can Now Be Traded on Exchanges Before the mainnet launch, Pi Coin was only traded as an IOU (futures contract) on certain exchanges, with speculative prices between $61 and $70 per coin. However, after the actual launch, the price surged to $2.10 before stabilizing around $0.7 as of April 2025. 2. KYC and KYB Verification Expanded Users who completed Know Your Customer (KYC) verification could transfer their Pi to the open mainnet. Additionally, Know Your Business (KYB) verification was introduced, allowing businesses to accept Pi Coin as payment legally. 3. DApps Are Growing The Pi ecosystem now supports smart contracts and dApps, with developers building real-world use cases for Pi Coin. 4. Businesses Are Starting to Accept Pi Coin Since the mainnet launch, a growing number of merchants have begun accepting Pi Coin for goods and services, but adoption remains limited due to issues such as price volatility and regulatory uncertainties. Can Pi Coin Be Accepted as Payment? One of the main goals of the Pi Network open mainnet is to make Pi Coin a real currency for goods and services. Some businesses have already started accepting Pi Coin for transactions, but widespread adoption depends on: ● Business KYB (Know Your Business) verification to enable merchant accounts. ● Stable Pi Coin value to encourage long-term usage. ● More dApps and smart contracts on the Pi blockchain. If the Pi Network ecosystem grows, Pi Coin could become a popular digital currency for payments and services. Risks and Challenges for Pi Network While the Pi Network Open Mainnet is a major step forward, there are still some challenges to consider: 1. User Count Discrepancies Pi Network claims to have 70 million users, but the number of active wallets is much lower. This could affect adoption and liquidity. 2. Inflation Concerns The circulating supply of Pi doubled with the Mainnet launch, raising concerns about potential inflation and long-term value. 3. Centralization and Privacy Issues Pi Network requires mandatory KYC, leading some to question its commitment to decentralization and privacy. 4. Regulatory Uncertainty Pi Network may face challenges from governments and financial regulators, which could impact exchange listings and business adoption. Conclusion The Pi Network mainnet launch on February 20, 2025, was a historic moment for Pioneers who spent years mining Pi Coin. Now that the network is open, users can finally trade and use their Pi holdings. However, adoption has been slower than expected, and the price has dropped since launch. Whether Pi Network becomes a true global digital currency or fades away depends on exchange support, business adoption, and user engagement. The future of Pi Network is uncertain, but the upcoming product on mainnet will decide whether Pi Coin becomes a true digital currency or just another crypto experiment. For now, Pi Coin remains a work in progress with both potential and uncertainty. — For more details about Pi Network, check out our other articles: Pi Network (PI): Mining On Smartphones How Much Will Pi Be Worth in 2030? Is Now the Time to Buy? Pi Coin (PI): Listing Date and Selling Guide on Bitget Selling PI Coins: A Simple Guide for Beginners How to Safely Deposit Pi Token into Bitget Leveraging Pi Network Communities: A Guide to Earning Referral Bonuses on Bitget Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

Wayfinder (PROMPT): The AI Compass for Blockchain Worlds

What is Wayfinder (PROMPT)? Wayfinder (PROMPT) is a blockchain platform designed to help AI agents work and move across multiple blockchain ecosystems. Think of it as a GPS for smart AI agents, guiding them through the complex world of blockchain apps, wallets, and transactions. These AI agents, called “Shells” in Wayfinder, can own and manage their own digital wallets. They can buy and sell tokens, mint NFTs, or use financial tools—without any human help. They do all this by following “Wayfinding Paths,” which are like routes on a digital map made especially for blockchain. Before Wayfinder, AI agents had no clear way to find their way around blockchains. Now, they can follow instructions, make smart choices, and even learn from each other as they go. Who Created Wayfinder (PROMPT)? Wayfinder was developed by Parallel Studios, the same creative minds behind the blockchain-based strategy game Colony. Parallel Studios built Wayfinder as part of the Echelon Prime ecosystem, a decentralized network of tools and games powered by blockchain technology. While Colony is the first game to use Wayfinder, the platform is designed for much more than just gaming. Its creators believe that Wayfinder could help change how AI and blockchain interact in finance, trading, and many other fields. What VCs Back Wayfinder (PROMPT)? The specific venture capital firms backing Wayfinder have not been publicly disclosed in available sources. However, Parallel Studios has undergone multiple funding rounds. ● The first notable round was in October 2021, where Parallel Studios received a $50 million investment led by Paradigm. ● In March 2024, Parallel Studios announced another funding round, raising $35 million from investors such as VanEck, Distributed Global, Solana Ventures, The Operating Group, Focus Labs, Big Brain Holdings, Devmons, Builder Capital, Base, and Spartan Group, along with notable angels like Solana co-founders Anatoly Yakovenko and Raj Gokal, Pudgy Penguins CEO Luca Netz, and YGG co-founder Gabby Dizon. How Wayfinder (PROMPT) Works Components Wayfinder is a set of tools that lets AI agents interact with blockchains the way a human might—with even more speed and less effort. Here's a breakdown of how it works: 1. Shells – AI Agents with Wallets Shells are AI agents that act independently. Each Shell is tied to a secure blockchain wallet. This means it can sign transactions, move assets, and interact with smart contracts. When someone creates a Shell using Wayfinder’s native token, that Shell becomes theirs to program, customize, and direct. Shells can learn from experience. They remember past actions and results and share those memories with other Shells. So, when one Shell learns something new—like how to complete a trade—it helps the whole network improve. 2. Wayfinding Paths – The Smart Routes These are like roads on a map. Wayfinding Paths tell Shells how to reach specific goals in blockchain environments, such as trading a token or joining a marketplace. Each path is reviewed and tested by the community before becoming available. Once approved, these paths are stored in a public library for any Shell to use. Shells pay a small fee (in Wayfinder’s native token) to use a path. The people who build these paths get rewarded in tokens too. This creates a win-win system where developers are motivated to make helpful, safe paths, and users get smart tools that actually work. 3. Learning and Memory Sharing One of Wayfinder’s big advantages is shared memory. If one shell finds a safe way to trade tokens or bridge assets across chains, other shells can use that same path. It’s like every shell is part of a shared brain that gets smarter over time. That also means the network keeps getting smarter the more it’s used. 4. Natural Language Interfaces You don’t need to be a programmer to use Wayfinder. Thanks to language models (like the ones that power ChatGPT), users can give Shells simple, natural instructions—like, “Buy an NFT from Collection XYZ if it’s under $100.” The Shell figures out how to make that happen. This opens the door to a whole new group of users, including people with no coding experience. 5. Security First Each wayfinding path has to be tested and verified by special agents (called Verification Agents) before it’s added to the network. Developers who create paths have to lock up tokens as a kind of deposit. If their path turns out to be dangerous or faulty, those tokens can be taken away. 6. PROMPT Token Wayfinder is expected to launch its own native token called PROMPT. This token will be used for: ● Paying for shell actions and path usage ● Staking and security deposits ● Governance (voting on network decisions) ● Developer rewards and bounty programs What Can You Do with Wayfinder? Wayfinder makes AI more useful in blockchain environments. Here are just a few things it can do: ● Trade cryptocurrencies: Shells can use trading apps to buy or sell tokens. ● Buy and mint NFTs: You can send your shell to grab the latest NFT drop. ● Bridge assets: Move tokens across chains without touching a bridge yourself. ● Run automated strategies: Shells can dollar-cost average, react to news, or trade based on market movements. Wayfinder also supports private paths, which can be used by only a few agents or require extra tokens to access. These paths may include special trading strategies, limited market access, or custom tools. PROMPT Goes Live on Bitget Wayfinder is still early in its journey. But its mix of AI, blockchain navigation, and community-powered tools could make it one of the most important platforms in Web3. By making AI agents truly useful in the decentralized world, Wayfinder is opening the door to smarter apps, games, and financial tools. As more people build with Wayfinder and train their Shells, the system will keep growing, learning, and unlocking new possibilities. It’s like giving every user a personal AI assistant that can think, act, and learn on the blockchain. And for the future of Web3? That’s a pretty big deal. At the heart of this system is PROMPT, Wayfinder’s native token. It powers the network, fuels Shell activity, and rewards the community for building new paths and possibilities. Now that PROMPT is listed on Bitget, one of the leading crypto exchanges, it's easier than ever to get involved. How to Trade PROMPT on Bitget Listing time: April 10, 2025 Step 1: Go to PROMPTUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell For detailed instructions on how to spot trade in Bitget, please read The Uncensored Guide To Bitget Spot Trading Trade PROMPT on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

Pump.fun (PUMP): The Ultimate Platform for Creating and Trading Meme Coins on Solana

The rise of meme coins like Dogecoin and Shiba Inu has transformed the cryptocurrency world, showing that humor and community can drive incredible financial success. However, launching a successful meme coin has traditionally been a complex process, often requiring technical expertise and significant resources. Enter Pump.fun (PUMP) — a Solana-based platform designed to make meme coin creation accessible, fast, and fun for everyone, whether you're a seasoned crypto enthusiast or a complete beginner. The Problem: Complexity in Meme Coin Creation Before Pump.fun, creating a cryptocurrency required coding knowledge, financial resources for liquidity, and navigating the often-confusing world of decentralized finance (DeFi). The barrier to entry was high, limiting participation to a small group of tech-savvy individuals and larger projects. As meme coins gained popularity, many potential creators were left behind, unable to capitalize on the viral nature of these assets due to technical and financial obstacles. Additionally, the explosion of meme coins has led to market saturation, where many tokens fail to differentiate themselves, and scams like rug pulls have harmed trust in the space. Pump.fun was launched to address these challenges, creating a user-friendly platform where anyone can launch their own meme coin in minutes without technical expertise or large upfront costs. What Is Pump.fun (PUMP)? Pump.fun is a Solana-based platform that allows users to create and trade their own meme coins. Launched in January 2024, Pump.fun democratizes meme coin creation by simplifying the process and offering tools that make it easy for anyone to bring their meme-based asset ideas to life. Whether it's a meme coin inspired by a viral trend, a joke with friends, or a pop culture reference, Pump.fun allows users to launch their tokens in just a few clicks. The platform has gained immense popularity due to its simplicity, speed, and the unique bonding curve model it uses to manage token prices dynamically. Additionally, it eliminates the need for large liquidity pools, making it accessible to users without deep pockets or extensive technical backgrounds. Top meme coins on Pump.fun include Billy (BILLY), Mother Iggy (MOTHER), Shark Cat (SC), and more. How Pump.fun Works Using Pump.fun is simple and efficient, with a few key steps involved in creating and trading meme coins: 1. Connect Your Wallet: Users begin by connecting a Solana-compatible wallet to the Pump.fun platform. This wallet is used to interact with the platform, create tokens, and trade existing meme coins. 2. Create a Meme coin: The token creation process on Pump.fun requires minimal input. Users can define their token by choosing a name, ticker symbol, and image for their token. For a small fee (0.02 SOL), the token is minted and added to the Pump.fun marketplace, instantly making it available for trading. 3. Bonding Curve Pricing Model: Pump.fun uses a bonding curve mechanism to adjust token prices based on supply and demand. As more users buy a token, the price increases along a predefined curve, rewarding early buyers and ensuring price stability. Once a token’s market cap reaches $69,000, it is automatically migrated to Raydium, a leading decentralized exchange on Solana, where it gains even greater visibility and liquidity. 4. Trading Meme coins: Meme coins on Pump.fun can be traded within the platform, where users buy and sell based on the bonding curve model. Tokens that reach $69,000 in market cap gain added liquidity on Raydium, opening up further trading opportunities. The King of the Hill (KOTH) feature highlights high-performing tokens, attracting new buyers and potentially increasing token value. How to Make a Coin on Pump.fun Are you interested in learning how to make a coin on Pump.fun? The platform simplifies the process, allowing anyone, even those without any coding experience, to create and launch their own meme coin on the Solana blockchain. Creating your own meme coin on Pump.fun is straightforward and can be accomplished in a few simple steps: 1. Set Up a Solana-Compatible Wallet: Before you begin, ensure you have a Solana-compatible wallet such as Bitget Wallet. These wallets will allow you to interact with the Pump.fun platform. 2. Fund Your Wallet with SOL: Acquire some SOL tokens to cover the creation fee and any subsequent transactions. The token creation fee on Pump.fun is approximately 0.02 SOL. 3. Connect Your Wallet to Pump.fun: Navigate to the Pump.fun website and connect your Solana wallet by clicking on the "Connect Wallet" button. 4. Initiate the Token Creation Process: Click on the "Create Token" option on the platform. You'll be prompted to enter the following details: ● Token Name: Choose a unique and catchy name for your meme coin. ● Ticker Symbol: Select a short, memorable ticker symbol (e.g., "FUNFUN"). ● Token Image: Upload an image or logo that represents your meme coin. 5. Review and Confirm: Double-check all the information you've entered to ensure accuracy. Once satisfied, proceed to pay the creation fee of 0.02 SOL. ● Token Deployment: After confirming the payment, Pump.fun will handle the technical aspects of deploying your token on the Solana blockchain. Your meme coin will be minted and immediately available for trading on the Pump.fun marketplace. By following these steps on how to make a coin on Pump.fun, you can launch your own meme coin and participate in the vibrant ecosystem of community-driven tokens. PUMP Token Airdrop: What You Need to Know The PUMP token is the native cryptocurrency of the Pump.fun platform, designed to support the creation and trading of meme coins within its rapidly growing ecosystem. Serving as a utility token, PUMP is expected to be used for governance, covering transaction fees, and incentivizing creators and traders on the platform. With Pump.fun facilitating over 2.5 million tokens on the Solana blockchain since its launch in January 2024, the introduction of the PUMP token further enhances user participation and value creation. One of the most highly anticipated developments around the PUMP token is the upcoming airdrop, first teased by co-founder Sapijiju in October 2024. This airdrop is expected to be "more lucrative" than others in the crypto space, signaling a potentially significant reward for existing users. Although no specific date has been announced, the airdrop will likely benefit users who have actively engaged with the platform by creating or trading meme coins. To stay updated on the airdrop and ensure eligibility, users should: ● Engage with the Platform: Actively create and trade meme coins on Pump.fun to increase your chances of qualifying for the airdrop. ● Follow Official Channels: Regularly check Pump.fun's official social media accounts and website for announcements regarding the airdrop. ● Secure Your Wallet: Ensure that your Solana wallet is secure and that you have access to the private keys, as the airdropped tokens will be distributed to eligible wallets. Is Pump.fun Safe? Safety is an important consideration for users of Pump.fun, especially given the volatility and risks inherent in the meme coin market. Pump.fun has implemented several features to enhance security and ensure a fair token creation process. Its fair launch mechanism, which eliminates presales and team allocations, helps reduce the risk of insider trading and rug pulls. Additionally, the platform’s bonding curve model adjusts token prices based on supply and demand, helping prevent price manipulation and fostering a transparent market environment. The absence of liquidity requirements further protects users from common crypto scams like liquidity removal. However, despite these safeguards, users should remain cautious. Meme coins are notoriously volatile, driven by community hype and trends that can cause sharp price swings. While Pump.fun has made significant efforts to improve platform security—especially following a $2 million exploit in May 2024—the decentralized nature of the platform means risks like rug pulls and scams are still possible. To minimize risks, users should conduct thorough research, use secure Solana-compatible wallets, and stay updated on platform developments to ensure a safer experience. Conclusion With Pump.fun, the world of meme coins has become more accessible than ever. By removing financial and technical barriers, the platform enables anyone to create, launch, and trade tokens with ease. Its integration with the Solana blockchain ensures fast, affordable transactions, making it ideal for both newcomers and experienced users. As Pump.fun continues to grow and drive the meme coin revolution, it offers exciting opportunities for creativity and community-driven success. However, as with any crypto investment, investors should remain cautious, conduct research, and engage responsibly to fully enjoy the platform’s potential. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading guidance. Qualified professionals should be consulted prior to making financial decisions.

SEC Approves ETH ETF Options, DOGE ETF in the Works

The U.S. Securities and Exchange Commission (SEC) has approved options for spot ETH ETFs offered by major firms like BlackRock and Fidelity. These options allow investors to better manage risk and make informed decisions in different market conditions. This follows a similar approval for Bitcoin ETF options last October, which boosted market activity and price transparency. With these new approvals, 2025 could bring a wave of crypto-related investment products. ETF options are especially useful for institutional investors and traders who want to bet on or protect against price changes in crypto assets. In addition, 21Shares has proposed a Dogecoin (DOGE) ETF, with support from the Dogecoin Foundation. This product targets both regular and professional investors looking for unique investment opportunities. Dogecoin is praised for its fast transaction times, low fees, and strong online community. Unlike Bitcoin’s focus on being rare and valuable, Dogecoin is positioned as a practical and engaging digital currency for everyday use. Source: Blockworks Futures Market Updates Over the past 24 hours, both BTC and ETH futures experienced a decline in open interest, with BTC dropping by 3.66% and ETH by 2.75%, indicating a general cooling in market activity. BTC futures saw a more moderate decline in trading volume (-17.56%) compared to ETH's sharper drop of 31.52%, suggesting greater investor pullback in ETH markets. Despite the lower volume, ETH recorded slightly higher long liquidations than BTC. Both markets are showing nearly balanced long/short ratios, reflecting uncertainty among traders. Notably, ETH futures showed a negative funding rate, contrasting BTC's slightly positive rate, pointing to more bearish sentiment in the ETH market. BTC Futures Updates Total BTC Open Interest: $52.75B (-3.66%) BTC Volume (24H): $144.60B (-17.56%) BTC Liquidations (24H): $62.26M (Long)/$29.29M (Short) Long/Short Ratio: 49.96%/50.04% Funding Rate: 0.0012% ETH Futures Updates Total ETH Open Interest: $17.35B (-2.75%) ETH Volume (24H): $60.63B (-31.52%) ETH Liquidations (24H): $64.60M (Long)/$24.71M (Short) Long/Short Ratio: 49.79%/50.21% Funding Rate: -0.0032% Top 3 OI Surges BABY: $55.20M (+1361.30%) MANEKI: $2.37M (+403.66%) ZRC: $8.36M (+264.08%)

Crypto Taxes: Everything You Need to Know (2025 Edition)

Cryptocurrency has gone mainstream—whether you’re trading Bitcoin, minting NFTs, or yield farming on DeFi platforms, digital assets are no longer flying under the radar. But with greater adoption comes tighter regulation. In 2025, crypto taxes are unavoidable in most countries, and understanding how they work is critical for staying compliant—and keeping more of your gains. This comprehensive guide explains how crypto taxes work, what’s changed in 2025, and how to make your crypto tax reporting. Do You Have to Pay Taxes on Crypto? In most countries, yes. Even though crypto isn’t considered legal tender in most jurisdictions, it is usually treated as property, assets, or digital commodities—and that means it’s taxable. Simply buying and holding crypto isn’t taxable. But when you sell, swap, spend, or earn crypto, you may have to pay taxes. Crypto Tax Laws by Country Crypto taxation varies significantly from one country to another. Some treat digital assets like stocks. Others like property. A few don’t tax them at all. Here’s how some of the world’s major economies—and tax havens—approach crypto in 2025. United States The IRS treats cryptocurrency as property. Selling, swapping, or spending crypto triggers capital gains tax, while earning crypto through mining, staking, or airdrops is taxed as income. Capital Gains Tax Rates: Short-term (held ≤ 1 year): taxed as ordinary income (10%–37%) Long-term (held > 1 year): taxed at 0%, 15%, or 20%, based on income Income Tax: Mining, staking, airdrops, or payments in crypto are taxed as ordinary income when received. What’s New: Crypto exchanges must issue Form 1099-DA, reporting sales to the IRS and users. Cost basis reporting will become mandatory in 2026. DeFi platforms and self-custody wallets are currently not required to report, but users remain responsible for compliance. The IRS is increasing enforcement, and crypto tax non-compliance may result in audits, penalties, or criminal charges. United Kingdom The UK classifies crypto as property and applies Capital Gains Tax (CGT) to disposals, while income from crypto (e.g., mining, staking, or getting paid) is subject to Income Tax. Capital Gains Tax: 18% for basic-rate taxpayers 24% for higher/additional-rate taxpayers Annual CGT exemption is now just £3,000 Income Tax: Crypto earned from work, services, mining, or staking is taxed as income at 20%, 40%, or 45%. HMRC also uses share pooling rules and the 30-day rule to calculate gains. DeFi tax guidance is currently under review, with new legislation expected soon. European Union There is no unified EU crypto tax law—each country sets its own rules: France: 30% flat tax on crypto-to-fiat gains. Crypto-to-crypto is not taxed. Germany: Crypto held over one year is completely tax-free. Short-term gains are taxed as income. Italy: 26% flat tax on gains above €2,000. A proposed law may raise this to 42%. Portugal: Crypto gains are tax-free if the assets are held for over a year. Short-term gains are taxed at 28%. What’s Coming: By 2026, DAC8 will require all EU crypto platforms to report user transactions to tax authorities—similar to the U.S. 1099-DA. Canada Canada treats cryptocurrency as a commodity, not legal tender or foreign currency. Crypto is taxed under Capital Gains Tax or Income Tax, depending on use. Investors: Capital gains apply when you sell or trade crypto. Only 50% of the gain is taxable at your marginal income rate. Traders and Miners: If you trade frequently or operate a crypto-related business, profits may be taxed as business income (100% taxable). Crypto Income: Earnings from mining, staking, or receiving crypto for goods/services are taxed as income at the full marginal rate. Canada Revenue Agency (CRA) requires clear records of every transaction, including fiat values and wallet details. Crypto-to-crypto trades are also taxable. Japan Japan taxes cryptocurrency as miscellaneous income for individuals, not capital gains. This places crypto under higher progressive tax rates. Income Tax: Profits from trading, mining, or earning crypto are taxed up to 55% (national + local) depending on total income. No distinction between long-term and short-term gains. Crypto-to-crypto transactions are also taxable events. Crypto Tax Havens: Where Crypto Gains Aren’t Taxed Some countries offer zero or minimal tax on crypto gains, especially for long-term holders or qualified residents. Note: Tax residency, minimum stay requirements, and compliance with local laws are essential to benefit from these regimes legally. What’s Next for Crypto Taxes? Crypto taxation is evolving fast, and 2025 is just the beginning. Here’s what to expect going forward: 1. Global Reporting Standards: Governments are tightening oversight. The U.S. has introduced Form 1099-DA, and the EU’s DAC8 directive will require platforms to report user data across borders by 2026. International frameworks like the OECD’s CARF are also gaining traction. 2. DeFi and NFTs Under Review: Expect clearer tax rules on staking, lending, liquidity pools, and NFTs. Many jurisdictions are drafting legislation to close current gaps in DeFi taxation. 3. Smarter Tech, Less Anonymity: Blockchain analytics and AI-powered tax tools are making it easier for tax agencies to trace and audit crypto activity—especially across centralized and decentralized platforms. 4. Rise of Crypto-Friendly Jurisdictions: More countries are offering tax incentives, digital nomad visas, and crypto hubs to attract talent and capital—while others may introduce stricter exit or wealth taxes. 5. From Avoidance to Optimization: As rules become clearer, the focus will shift to legal tax strategies: long-term holding, loss harvesting, and smart residency planning. Make Tax Reporting Easier with Bitget Tax API For crypto investors, one of the biggest challenges isn’t knowing that crypto is taxable—it’s tracking and organizing all the transactions needed for accurate reporting. With growing tax obligations and stricter enforcement globally, keeping clean records has become essential. To simplify this process, Bitget has introduced a dedicated Tax API that helps users retrieve and organize their trading history across the platform for tax reporting. What the Bitget Tax API Offers Secure Access to Transaction Data: Once users enable Google 2FA and create an API key, they can automatically retrieve their full transaction history—no more manual exports. Seamless Partner Integration: Bitget integrates with trusted crypto tax tools like KoinX, allowing users to sync data directly and generate detailed, compliant tax reports. Faster, Error-Free Filing: With all trading records formatted and imported into tax software, users can reduce reporting errors and avoid potential audits or penalties. How to Use It Log in to Bitget and navigate to the Tax API section. Enable Google 2FA and generate a new API key. Connect to a tax partner (e.g., KoinX) and begin syncing your data. Generate reports based on your location’s tax rules and submit accordingly. As crypto tax rules become more rigorous, tools like Bitget’s Tax API are essential for staying compliant while minimizing administrative burden. Final Thoughts Crypto taxation may feel complex, but it’s a sign of the industry’s growth and permanence. As governments refine their policies, investors and builders alike are gaining the clarity they need to operate responsibly and strategically. Staying informed is no longer optional — it’s part of being a modern crypto participant. Understanding how, when, and where your crypto is taxed is now just as important as knowing when to buy or sell. Fortunately, the tools and guidance available are improving. With more standardized rules, automated reporting solutions, and growing support from exchanges like Bitget, crypto users have what they need to stay compliant without getting overwhelmed. In this next chapter of digital finance, those who plan ahead — and treat taxes as part of their long-term strategy — will be best positioned to thrive. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.