Crypto World
MYX rebounds 29% after brutal selloff: what’s driving the bounce?
- MYX rebounds 29% after heavy losses, driven by V2 partnership news.
- Trading volume surges; whales and institutions show bullish signals.
- The immediate key levels to watch out for are the support at $0.441–$0.430 and the resistance at $0.546.
MYX Finance has surprised many traders by climbing nearly 29% in the last 24 hours.
This comes after a brutal 91% drop over the past month, which left the coin trading near historically low levels.
What sparked the MYX Finance price rebound?
The most immediate driver appears to be MYX’s partnership with Consensys to launch MYX Finance V2 after a successful funding round.
The upcoming V2 upgrade promises gasless trading and 50x leverage, features that can attract both retail and institutional traders.
The news has been framed as a “comeback,” and it has sparked genuine buying interest, not just speculative chatter.
Technical factors are also playing a role.
MYX has been bouncing off extreme lows, and the sudden increase in trading volume confirms strong participation in the rebound.
The 24-hour volume surged to over $55 million, suggesting that bargain hunters and momentum traders are stepping in.
Indicators like the Relative Strength Index (RSI), which is oversold, hint at the selling pressure easing, signalling the end of capitulation.
This combination of fundamental and technical drivers has created a near-term bullish environment.
MYX price technical analysis
After climbing above the $0.49 level, MYX is now consolidating rather than extending its breakout.
Market watchers expect the token to trade in the $0.50 to $0.60 range in the near term.
A sustained pickup in buying interest, particularly if supported by larger capital inflows, could open the door for a move toward $0.70.
If participation from larger investors increases, price swings could become more pronounced, with upside levels around $1, $1.50 and potentially $2 coming into focus.
At the same time, the risk of sharp pullbacks remains.
Such declines are common in volatile markets and are often viewed as part of normal price discovery, where weaker positions are forced out, and liquidity is absorbed by larger participants.
Despite the possibility of short-term setbacks, the broader structure is seen as gradually constructive.
Upcoming risks
Traders should be aware of a key event risk.
On March 6th, about 9.72 million MYX tokens will unlock, worth roughly $9.67 million.
This could create short-term selling pressure as holders choose to liquidate some of their positions.
It is an important factor to watch alongside technical levels and the V2 launch.
MYX price forecast
For short-term traders, the near-term support is around $0.441–$0.430.
On the upside, the first resistance lies at $0.546, the previous swing high.
If the price breaks above this level, gains could extend toward $0.570 and potentially beyond.
On the downside, failure to hold $0.430 could see MYX revisit $0.405.
For now, consolidation above $0.49 sets the stage for a gradual upward move, while the V2 launch and new capital entering the market could trigger sharper rallies.
A Minnesota lawmaker has introduced a bill that could ban virtual currency kiosks across the state after reports of incidents involving crypto-related scams.
In a Thursday session of the Minnesota House of Representatives Commerce Finance and Policy Committee, Representative Erin Koegel said the bill, House File 3642, would address the “novel” and “minimally regulated” technology of crypto kiosks.
Koegel said she had heard from state law enforcement agencies that many scammers used the kiosks to trick residents into sending crypto, while legitimate traders tended to use centralized exchanges.
“Because of the nature of cryptocurrency, these fraudulent transactions are often irreversible and incredibly hard to track,” said Koegel, adding:
“This bill gives us an opportunity to work across party lines to protect the people of Minnesota from irreversible financial crimes.”
Minnesota’s government already passed a law in 2024 attempting to fight scammers using the state’s virtual currency kiosks. The law set a $2,000 deposit limit for new kiosk users and required companies to issue full refunds for fraud victims. However, Koegel’s bill, if passed, could fully ban the technology in Minnesota.
“Within the past couple of years, we’ve definitely identified an issue with these Bitcoin ATMs, specifically in our jurisdiction,” said Sergeant Jake Lanz of the St. Cloud Police Department at the Thursday committee meeting. “[…] it also is notable for us that it is definitely a target of our aging population.”
Related: US senators to weigh CFTC, other amendments to crypto market structure bill
According to the House, Minnesota has about 350 licensed crypto kiosks operated by several companies, including Bitcoin Depot and Coinflip. The American Association of Retired Persons reported in February that 17 states had laws on the books requiring crypto ATM operators to implement protections against fraudsters, such as setting daily transaction limits and requiring fraud warning signs.
Bitcoin ATM operator to require IDs for all transactions
On Tuesday, Bitcoin Depot, one of the largest crypto ATM operators in the US, announced that it would implement a policy requiring ID verification for users with every transaction at one of its machines. The phased rollout, which began in February, was in response to “potential misuse,” though the company did not specifically mention state-level crackdowns on scammers.
Magazine: Would Bitcoin really be at $200K if not for Jane Street? Trade Secrets
Multinational bank Barclays (BARC) is exploring the creation of a blockchain platform for payments and other processes, Bloomberg reported on Friday.
The London-based financial services giant is consulting with prospective technology providers on the development of such a platform that would see it rival JPMorgan (JPM) and others in using decentralized technology for banking services.
Barclays’ blockchain-based plans could include stablecoins and tokenization, according to the report, citing people familiar with the matter.
JPMorgan first allowed tokenized deposits — deposits represented as digital tokens on a decentralized ledger — through its dollar-denominated JPM Coin all the way back in 2019.
More recently, HSBC has also enabled tokenized deposits to expand its own push into blockchain-based payments.
Such institutions are exploring how blockchain technology can make existing financial processes more transparent and more efficient by carrying them out on decentralized networks that lack some of the input of intermediaries and allow faster settlement.
Barclays did not respond to CoinDesk’s request for comment.
Read More: JPMorgan expands blockchain goals, plans to build ‘interoperable digital money’
Bitcoin fell back below $66,000 Friday in the early U.S. session as mounting macro risks are spooking investors away from risky assets.
The largest crypto now has erased most of Wednesday’s surge, plunging 3% from around $68,000 in the past few hours to $65,600 in the morning hours. The braod-market CoinDesk 20 Index was 2.3% lower in the past 24 hours, with ether (ETH), XRP (XRP) and solana (SOL) down similar amounts.
Crypto-related stocks also followed the move, giving up part of the gains earlier this week. Strategy (MSTR), the largest corporate bitcoin holder, slipped 3%, while Coinbase (COIN) was more than 2% lower. Stablecoin issuer Circle (CRCL), declined almost 5%%, snapping its rebound that saw the stock gaining nearly 50% in a couple of sessions.
Miners, increasingly linked to AI infrastructure buildout, performed even worse, with IREN (IREN), Cipher Mining (CIFR), Core Scientific (CORZ) and TeraWulf (WULF) losing 6%-8%.
The action occurred as U.S. equity indexes fell, with the Nasdaq down 0.8% and the S&P 500 lower by 0.6%.
In the backdrop, there was a mix of risks for investors to get concerned about.
A hotter-than-expected Producer Price Index (PPI) inflation reading for last month spooked those who hoped for a continuation in the cooling inflation trend. In January, core PPI rose 3.6% year over year, above the 3.0% estimate, and up from 3.3% previously. Markets are now pricing in a 96% chance of no rate cut for the March 18 Federal Reserve meeting.
Concerns about stress in the credit markets also linger, with credit spreads at their widest in four months. Private equity firms KKR (KKR), Ares (ARES) and Apollo Global Management (APO) plunged 6%-7% to fresh lows during the session.
On top of that, prediction market odds of U.S. strikes against Iran rose this morning after the U.S. has begun evacuating embassy staff from Israel.
Money flows to safe-havens
In fixed income, the U.S. 10-year Treasury yield has slipped below 4% for the first time since November 2024. Precious metals continue to rally, with gold up 1% to above $5,230 an ounce, while silver has surged 4% to trade back above $92. Meanwhile, crude oil jumped 2.3% to above $67 a barrel.
Read more: The worst may lie ahead. Bitcoin chart revisits historic pattern
OpenAI on Thursday confirmed a $110 billion valuation, fueling expectations that it could stage the largest IPO in US tech history if it moves forward with a public listing.
The company has not yet filed for an IPO. However, the valuation announced on February 27 positions OpenAI above several landmark Silicon Valley debuts and signals strong backing from major technology investors.
Who are the Big Tech Going All-In on OpenAI?
OpenAI has raised billions in private funding over the past few years. Its most significant backer remains Microsoft, which committed multi-year investments reportedly totaling around $13 billion through structured equity and cloud partnerships.
The new funding includes $30 billion from SoftBank, $30 billion from NVIDIA, and $50 billion from Amazon. Additional financial investors are expected to join as the round progresses.
Other major investors include Thrive Capital, Khosla Ventures, Sequoia Capital, and Andreessen Horowitz. These firms participated in earlier funding rounds as OpenAI scaled ChatGPT and enterprise AI infrastructure.
OpenAI Could be the Biggest IPO in US History
If OpenAI proceeds at this valuation, it would rank among the largest US tech IPOs ever. The scale of this funding dwarfs most historic IPO valuations.
For comparison, Meta Platforms (Facebook) went public in 2012 at about $104 billion. Snowflake debuted in 2020 at roughly $70 billion. Alibaba Group was listed at around $168 billion in 2014.
Globally, Saudi Aramco still holds the overall IPO record at $1.7 trillion.
At a $730 billion valuation, OpenAI now stands in a different category.
If it proceeds to a public offering, it would likely rank as the largest US tech IPO ever, reflecting the scale of investor conviction behind frontier AI.
The company has not disclosed a potential listing date or share price range. Those details would emerge in a formal IPO filing.
- Kaspa price currently mirrors the broader market, with Bitcoin struggling.
- The KAS token recently bounced off $0.028 and is holding $0.03.
- If a decisive breakout materializes amid likely catalysts, bulls could target $0.10 in the coming months.
Kaspa (KAS) price has declined by 22% over the past month and by over 64% since its peak above $0.13 in May 2025.
The token trades near $0.03, but remains in an extended downtrend amid prevailing weakness across the crypto market. Friday’s session saw Bitcoin retest lows of $65,600, and Ethereum dip to near $1,900, a move that pinned most altcoins lower, including Kaspa.
Why Kaspa bulls may hold the upper hand
Despite the potential for a retest of recent lows, bullish catalysts are on the horizon. Combined with current strength, these possible upside triggers suggest the advantage in the coming months lies with the buyers. What KAS needs is for bulls to navigate the broader crypto market headwinds while holding $0.03 as support.
Among key milestones is Kaspa’s network notching over 600 million total transactions.
Details on the Kaspa Explorer show that total transactions have surpassed 604 million. According to market observers, this proves that the BlockDAG protocol delivers real-world throughput with sub-second confirmations.
Also notable is Kaspa’s pivotal hard fork expected in May. Implementation will introduce programmable covenants, native assets like KRC20 tokens, and SilverScript for easier Layer 1 development.
Meanwhile, nearly 95% of its 28.7 billion max supply is already mined, and a move to the limit can only slash new coin emissions further. If broader catalysts align, the KAS price will benefit.
Kaspa price analysis
While bulls have the upper hand in terms of what’s upcoming, current price action hints at a potential battle for dominance by both buyers and sellers.
KAS has remained in a downtrend since late 2025, with lows of $0.028 in February. The daily chart highlights a key supply zone at the falling 50-day and 100-day simple moving averages, with bulls hitting a supply wall around these levels multiple times.
If the price fails to break out decisively, a combination of negative market conditions could deepen the downtrend. Support could be at $0.025
On the upside, immediate hurdles are at the 50-day and 100-day SMAs near $0.036 and $0.041.
The key level for bulls will be $0.050-$0.055, a zone that marks a previous supply wall and above which KAS could run to $0.10 or higher.
It’s notable that the Kaspa price jumped to near $0.05 in mid-December 2025 amid excitement around KAS listing on HTX.
Ethereum price trades near $1,950 as the Binance buy/sell ratio hints at a potential shift in derivatives positioning.
Summary
- Ethereum price sits near the lower end of its weekly range after a sharp monthly decline.
- Binance Taker Buy/Sell Ratio has climbed toward neutral after weeks of sell-side pressure.
- A move above $2,200 is needed to challenge the current downtrend structure.
Ethereum (ETH) trades at $1,947 at press time, down 4% in the past 24 hours. Price is sitting near the bottom of its seven-day range of $1,815.54 to $2,099.16. Over the last month, ETH has fallen 35%, and it is still roughly 60% below its August all-time high of $4,946.
Daily trading volume came in at $22.5 billion, down 25% from the previous session. Participation has thinned as the market drifts sideways near recent lows, with traders appearing cautious rather than aggressive.
Binance taker buy/sell ratio shows early improvement
A Feb. 27 report from CryptoQuant contributor Darkfost focused on Ethereum’s Taker Buy/Sell Ratio on Binance. This metric tracks whether aggressive futures orders are dominated by buyers or sellers.
When the ratio pushes above 1, market buys outweigh market sells. When it stays below 1, sellers are pressing harder.
During Ethereum’s push toward prior highs, the ratio stayed under that equilibrium level. The monthly reading slipped to 0.95, while the weekly average dropped further to 0.92. At the same time, price began to roll over. Persistent futures selling added weight to the move lower.
With derivatives volume hovering around $65 billion, futures flows carry significant influence over price discovery. Heavy sell-side pressure in that market often feeds into spot weakness.
Over the past two weeks, the picture has started to shift. The weekly ratio has hovered near 1.0, and there have been several daily spikes above 1.12, reflecting bursts of aggressive buying. The monthly figure has edged up to around 0.99.
ETH has not staged a decisive rebound yet, but the imbalance seen earlier is less extreme. If the ratio can hold above 1 for a sustained stretch, it would show that buyers are taking control of short-term futures positioning. That kind of shift can lay the groundwork for price stabilization.
Ethereum price technical analysis
On the chart, the trend still favors the downside. Ethereum has printed a series of lower highs and lower lows since breaking down from the $3,000–$3,200 area.
Price is now compressing between roughly $1,950 and $2,000. A higher high has not formed, and until ETH climbs through the $2,200–$2,300 region, the larger structure tilts bearish.
Bollinger Bands widened sharply during the drop as price pierced the lower band near $1,850. That expansion reflected a spike in volatility.
The bands have begun to narrow, pointing to a cooling phase. ETH trades below the middle band, currently around $1,980–$2,000, which is acting as near-term resistance.
The relative strength index fell into the 25–30 zone during the selloff, deep in oversold territory. It has recovered to around 40. Momentum has improved slightly, yet buyers have not regained full control. A push above 50 would strengthen the case for a more durable bounce.
Support lies between $1,850 and $1,880. If that floor gives way, the next area to watch sits near $1,700–$1,750. On the upside, $2,000 is the first barrier, followed by stronger resistance between $2,120 and $2,200.
Ethereum co-founder Vitalik Buterin has published a new blog post on X outlining his latest vision for scaling the blockchain, arguing the network can boost capacity in the near term while laying the groundwork for a longer-term shift to advanced cryptography and data-heavy “blobs” that would change how Ethereum is validated.
The post reflects Buterin’s renewed focus on scaling Ethereum’s base layer, after several years in which much of the ecosystem’s scaling strategy centered on layer-2 rollups. The plan comes on the heels of the Ethereum Foundation publishing a ‘strawmap’ aimed at making the network more efficient in the long term.
In the short term, Buterin says Ethereum can safely increase throughput by making blocks easier and faster to check. Upcoming upgrades will allow the computers that run Ethereum to review different parts of a block simultaneously, rather than processing everything step by step. At the same time, changes to how blocks are built will let the network use more of each 12-second processing window, rather than finishing early out of caution (known as ePBS, and will be implemented in the upcoming Glamsterdam upgrade).
The result: Ethereum should be able to fit more transactions into each block without increasing the risk of errors or instability.
Another major piece of the plan involves rethinking how transaction fees — known as “gas” — are calculated. Buterin argues that not all activity on Ethereum puts the same strain on the network. There’s a big difference between using computing power temporarily and permanently adding new data that every Ethereum computer, or node, must store forever.
Right now, those costs are largely bundled together. But creating new permanent data — such as deploying a new contract — increases the blockchain’s long-term size, making it more expensive to run a node over time. That, in turn, risks pushing out smaller operators. Buterin’s proposal would make long-term storage more expensive while allowing more room for everyday transaction processing. In effect, Ethereum could handle more activity without dramatically increasing how fast the blockchain grows.
The goal, he argues, is to avoid a future in which Ethereum processes more transactions but becomes so data-intensive that only large, well-funded players can afford to participate.
Longer term, Buterin sees Ethereum leaning more heavily on zero-knowledge proofs (a private verification method) and expanded data capacity through so-called blobs. Originally introduced to help layer-2 networks post transaction data more cheaply, blobs could eventually carry Ethereum’s own transaction data — a shift that would allow validators to confirm activity without re-running every transaction themselves.
Read more: Ethereum’s ‘Glamsterdam’ upgrade aims to fix MEV fairness
Key Takeaways
- Shares of Sunrun plummeted 28% to $14.74 following the release of conservative 2026 guidance
- Fourth quarter earnings delivered 38 cents per share, significantly surpassing analyst expectations of 3 cents; revenue jumped 124% to reach $1.16 billion
- Company forecasts 2026 cash generation between $250M and $450M, representing a potential decrease from 2025’s $377M
- Investment firm Jefferies cut its rating on RUN to Hold from Buy while maintaining a $22 price target
- Management’s silence on potential dividends or share repurchases left investors disappointed
The solar company delivered impressive fourth quarter results, posting earnings of 38 cents per share—substantially exceeding the analyst consensus of just 3 cents. Revenue reached $1.16 billion, representing a remarkable 124% increase compared to the previous year. Much of this revenue surge stemmed from a strategic decision to sell newly created lease agreements to external parties—marking a fresh approach for the organization.
However, it was the forward-looking guidance that spooked market participants.
Management provided 2026 cash generation estimates ranging from $250 million to $450 million. The midpoint of this forecast—$350 million—falls short of the $377 million achieved in 2025. This apparent regression caught Wall Street’s attention immediately.
Shares declined 28% to close at $14.74 on Friday. The drop is particularly painful considering the stock had rallied 182% over the preceding twelve months and gained 11% year-to-date before the earnings announcement.
Investment bank Jefferies revised its stance, downgrading the stock from Buy to Hold while keeping its $22 price objective intact. Research analyst Julien Dumoulin-Smith characterized the company’s approach as adopting a “defensive posture” heading into fiscal 2026.
Analyst Highlights Conservative Stance
Dumoulin-Smith observed a notable contrast: while competing residential solar firms have expressed increasing optimism about market recovery, Sunrun’s management painted a more sobering picture during its earnings conference call—emphasizing extended market weakness and heightened focus on balance sheet discipline.
The company also revealed plans to reduce its affiliate partner network by approximately 40%. Jefferies interprets this restructuring as an indicator that total installations and new customer acquisitions will decelerate.
Market participants had anticipated announcements regarding dividends or stock buyback programs, particularly given the robust cash generation in 2025 and meaningful progress toward the company’s 2x leverage ratio objective. Management declined to commit to either option. Executives clarified that returning capital to shareholders remains under consideration, but current priorities center on safe-harbor investments and reducing outstanding debt.
Jefferies identified challenging conditions in tax equity markets and quality issues among Sunrun’s partner ecosystem as further obstacles ahead.
The firm maintained its constructive long-term view on Sunrun but anticipates limited share price appreciation through 2026 until capital market conditions normalize.
Contrarian Voice Emerges
Not all analysts share this pessimistic outlook. Clear Street analyst Tim Moore reaffirmed his Buy recommendation and increased his price objective to $24 from $23.
Moore expressed confidence despite anticipated volume reductions, highlighting Sunrun’s strategic pivot toward channels with superior profit margins. He believes the monetization strategy for newly created subscription agreements will drive improved profitability even if installation volumes decline.
Jefferies also acknowledged that third-party originators such as Sunrun stand to benefit from approximately 25% growth this year following the conclusion of the 25D tax credit—though this potential upside hasn’t yet materialized in official guidance.
Sunrun’s measured outlook contrasts sharply with industry peers like Enphase Energy, which has aggressively pursued prepaid lease and loan products as the sector undergoes transformation.
The stock concluded Friday’s trading session at $14.74, down 28% for the day.
Key takeaways
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The EU’s new crypto tax rules do not introduce new taxes but expand tax transparency by ensuring that crypto transactions are reported and shared across member states.
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Reporting obligations fall primarily on crypto-asset service providers, requiring them to collect user identity information, tax residency details and transaction data in a standardized format.
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Information reported by platforms will be automatically exchanged among EU tax authorities, reducing cross-border reporting gaps for crypto users.
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The framework aligns with the Organisation for Economic Co-operation and Development’s global crypto reporting standard, increasing compatibility with non-EU jurisdictions.
The European Union is set to significantly enhance its monitoring of cryptocurrency transactions for tax purposes. Starting Jan. 1, 2026, updated reporting obligations require crypto platforms operating in the EU or serving EU users to provide detailed information on users and their transactions to tax authorities. This change aligns digital assets more closely with the transparency requirements long established in conventional finance.
The key legislation driving this shift is Council Directive (EU) 2023/2226, commonly known as DAC8. It expands the EU’s existing framework for the automatic exchange of tax information to include crypto assets. Paired with the Markets in Crypto-Assets (MiCA) regulation, DAC8 represents a major step in regulating the crypto sector. It focuses specifically on taxation rather than solely on market conduct or licensing.
This article explains how the new EU crypto tax reporting system will work, outlines the obligations for platforms and examines the implications for individual users as the rules take effect.
Why DAC8 is being introduced: Closing the gap from banks to blockchains
For more than a decade, EU countries have used the Directive on Administrative Cooperation (DAC) to automatically share tax-related financial data across borders. Previous iterations covered bank accounts, investment income and certain digital platforms, but crypto transactions were largely exempt from routine reporting.
As cryptocurrency adoption grew in Europe, this exemption created clear loopholes for potential tax evasion. EU authorities viewed it as inconsistent to exempt crypto solely because of its technological basis.
DAC8 aims to close this gap by formally incorporating crypto assets into the tax transparency system, ensuring that transaction data is gathered, reported and exchanged in a manner similar to traditional financial information. The European Commission has emphasized that crypto deserves no special exemption from tax enforcement.
Alignment with the OECD’s Crypto-Asset Reporting Framework (CARF)
The EU built DAC8 around the CARF, which was launched in 2023. The CARF sets a global benchmark for crypto transaction reporting by specifying:
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Which crypto assets qualify for reporting
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Which entities must report
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The specific user and transaction details required.
By adopting the CARF model, the EU promotes consistency with international standards, making it easier to share data with non-EU countries that implement similar rules.
Did you know? Before crypto-specific rules, several EU tax authorities relied on blockchain analytics firms instead of formal reporting to estimate crypto activity, often producing significantly different figures for the same market.
Scope of DAC8: Covered assets and platforms
The focus of DAC8 is on crypto-asset service providers (CASPs) operating in the EU. These include centralized exchanges, brokers, custodial wallets and similar intermediaries. The rules cover a broad range of assets, including most cryptocurrencies, stablecoins, tokenized assets and certain non-fungible tokens that function more like investment vehicles than pure collectibles. The emphasis is on transferability and investment use rather than on specific labels.
The obligations extend beyond EU-based platforms. Non-EU providers serving EU users may also need to comply, highlighting the directive’s extraterritorial impact.
Timeline and implementation of DAC8
Adopted in October 2023, DAC8 required transposition into national law by Dec. 31, 2025, with application starting on Jan. 1, 2026. As of early 2026, some member states have faced delays or infringement notices for incomplete transposition, though the EU expects full enforcement.
Key dates include:
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Platforms began collecting relevant data on Jan. 1, 2026.
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The first reports, covering 2026 activity, will be submitted to national tax authorities in 2027, typically within nine months of year-end.
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Tax authorities then automatically exchange the data annually with other EU countries.
The commission has signaled that it expects timely and full implementation. Several countries have received formal notices for delays in transposing the rules, underlining that enforcement will not be optional.
Did you know? Early drafts of EU crypto tax proposals debated whether self-custody wallets could ever be subject to reporting, highlighting how difficult it is to regulate decentralized ownership.
Reporting requirements for platforms in DAC8
Under DAC8, CASPs are required to perform enhanced due diligence and submit detailed information to their local tax authority. This includes user details such as full name, address, tax residency and tax identification number (TIN), if available.
Transaction data includes:
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Types of crypto transactions, such as sales, exchanges and transfers
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Gross proceeds from disposals
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Dates and values of transactions.
After collection, this information is automatically shared among EU tax authorities. A user’s country of residence receives the relevant data even if the platform is located in a different country.
For platforms, DAC8 makes crypto tax reporting a structured, recurring compliance obligation. It more closely resembles financial reporting than ad hoc disclosures.
Impact of DAC8 on crypto users
One of the most significant changes for crypto users is increased tax reporting transparency under DAC8. National tax authorities can now view transactions conducted on reporting platforms.
This may result in:
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Requests for more detailed tax residency or identification information during account setup or updates
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Greater ability for authorities to match crypto activity against declared income on tax returns
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Easier detection of inconsistencies between reported data and tax filings.
DAC8 does not introduce new taxes or standardize rates across the EU. Member states retain authority over crypto taxation policies, as the directive focuses solely on information exchange. While DAC8 automates data exchange between authorities, users are still required to report their crypto activity through their respective national tax returns.
Compliance challenges for platforms under DAC8
Implementing DAC8 requires significant upgrades, including accurate transaction tracking, tax residency verification and secure data storage. Smaller or less-resourced providers may struggle to meet these obligations alongside MiCA and Anti-Money Laundering requirements.
Non-compliance carries the risk of penalties, including fines for late, incomplete or missing reports. Some platforms have indicated that regulatory compliance costs may influence where they choose to operate.
Users may also face confusion in understanding DAC8 in the context of MiCA. DAC8 addresses tax transparency behind the scenes, while MiCA covers licensing, investor safeguards and market conduct.
The two are complementary: DAC8 ensures tax data flows once services are active, while MiCA defines permissible operations. Together, they create a comprehensive oversight framework for the crypto economy.
Certain aspects remain unclear under DAC8, such as how decentralized finance (DeFi) fits in when no central intermediary exists to report to. Privacy advocates have raised concerns about extensive data collection and sharing, though EU officials note that the General Data Protection Regulation (GDPR) and other data protection laws continue to apply. It remains to be seen how these safeguards will operate in practice.
Did you know? Similar crypto tax reporting models are being explored in Asia-Pacific and Latin America, suggesting that EU-style transparency could become a global norm rather than a regional exception.
DAC8 in the broader context
DAC8 forms part of a global trend as crypto integrates into mainstream finance. Governments worldwide are increasingly treating it as part of the mainstream financial system rather than as a parallel economy viewed with suspicion.
By adopting OECD-aligned standards and enabling cross-border exchanges, the EU underscores that crypto will face the same transparency demands as traditional assets. For users and platforms in Europe, the period of limited formal tax oversight is effectively ending.
Cointelegraph maintains full editorial independence. The selection, commissioning and publication of Features and Magazine content are not influenced by advertisers, partners or commercial relationships.
The market may be entering a new phase: The shaking out of the most crowded “non-traditional” strategies.
ETF Action founding partner Mike Akins contends not everything getting stuffed into exchange-traded funds, including private assets, makes sense and they need to be questioned a little bit.
“The ETF wrapper is just more efficient for a lot of things. Not everything,” Akins told CNBC’s “ETF Edge” this week, adding that “I always say I’m an ETF first type of guy, but I’m not an ETF only.”
According to Akins, it’s more about what’s going in the world than the ETF structure. He finds investors are more interested in exposure to real asset themes such as infrastructure and industrial reshoring right now than artificial intelligence.
“The ability to get [an] ETF to market has become very mainstream. It’s super easy if you have the right provider or partner,” said Akins. “So, I think the investor is going to drive that next theme based on the market.”
He expects that should propel ETF product innovation — for better or for worse.
“There is always that little bit of performance chasing that goes on, and sometimes by the time the themes get to market, the trade is played out,” said Akins. “But there’s no reason to think within the ETF space that we’re going to run out of innovation.”
‘The onus is on you’
He lists the macroeconomic landscape, leaders and laggard changes as catalysts for adaption in the industry. Akins contends new themed funds could turn into tactical tools that put more responsibility on investors.
“If you’re investing in these strategies that are niche… your success goes from relying on the manager to your ability to use the product at the right time,” he said. “The onus is on you to decide whether it’s a good time to invest in.”
That dynamic is setting up a shakeout, especially in the hottest corners of options-based product design. Looking ahead to the rest of the year, Akins expects a consolidation of the non-traditional ETF strategies.
He pointed to a wave of recent so-called copycat launches — with issuers rushing out similar products, including different covered call and buffer strategies.
“We’re going to start seeing a consolidation to those strategies that have performed the best and that have gained market share, ” he said. “So, I think there’s going to be a consolidation shift. I think they’ll continue to grow and get adoption from investors. But I think that we’re going to start seeing some serious winners and losers within that.”
His reason: Everybody launched something, and you can’t have that many strategies tracking the same spot.
At the same time, ETF innovation may be shifting from what funds own to how they’re run. Tidal Financial Group’s Aga Kuplinska sees AI increasingly moving beyond simple “AI themed” portfolios, finding its way into the investment process.
Tidal is already seeing early signs of that transition in the marketplace, Kuplinska told CNBC in the same interview.
“We have seen already on our platform, launches or filings of products that are AI-enhanced or AI-managed,” the firm’s senior vice president of product development said, calling it an area where “we are only scratching the surface.”
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