Kraken says it filed 56m 2025 crypto tax forms, most under $50, and is urging Congress to create a de minimis exemption and let users defer tax on staking rewards until sale.

At the same time, Kraken wants lawmakers to fix what it sees as a broken approach to staking rewards.
Revenue Ruling 2023‑14 currently requires taxpayers to include staking rewards in gross income when they gain “dominion and control,” i.e., at the moment they’re credited, even if the holder doesn’t sell tokens and the price later dumps.

Kraken argues that rule both complicates reporting and creates mismatches between paper income and actual liquidity. It is asking Congress to let taxpayers elect between two options: treat staking rewards as ordinary income at receipt (the status quo) or defer recognition until sale, effectively taxing them as part of capital gains when the position is exited.

Practically, the exchange says, this would align US policy more closely with how staking works in DeFi and on centralized platforms like Kraken, where rewards accrue continuously and are often re‑staked rather than cashed out. Unless Congress moves, though, US users face another year where buying a sandwich with crypto generates a line item for the IRS — and staking into a validator can mean owing tax on tokens they never sold.

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The best crypto to buy now does not sit and wait for macro clarity, and this week proved it again. Barry Silbert publicly flagged “a meaningful step forward for institutional participation in Bittensor” on April 20 per Coinpedia, Uniswap Labs rolled out its full Developer Platform with an AI toolkit days earlier, and Bitcoin broke past $76,000 on April 21 as U.S. Iran talks turned constructive per TradingKey.

While large caps ride institutional signals and protocol catalysts, Pepeto quietly cleared $9.29 million raised with a confirmed Binance listing and every tool already running on mainnet. The gap between those two stories is where smart capital is already positioning.

Barry Silbert posted publicly on April 20 that a new structure for Bittensor subnet tokens marks “a big moment” and “a meaningful step forward for institutional participation,” per Coinpedia. The Bittensor subnet ecosystem now sits near $1.5 billion in cumulative value, and Q1 2026 network revenue printed $43 million per CCN.

Uniswap’s Developer Platform landed in the same window with AI native tools, new liquidity provider endpoints, and revamped documentation. Bitcoin then broke $76,000 on April 21, and that move triggered $217 million in total liquidations with short positions alone accounting for $140 million per TradingKey. A confirmed Binance listing on an audited presale rewrites portfolios faster than either institutional signal or exchange product launch.

Top Entries Today and Where the Biggest Returns of This Cycle Are Being Set

Pepeto: A Live Exchange Running While Most Platforms Ship Roadmaps

Most crypto projects market clarity and ship noise. Pepeto, considered the best crypto to buy now, does the opposite. The exchange is operating right now, the signals actually guard wallets, and nothing sits parked behind a future release date. Presale holders are already routing trades through real market conditions rather than test environments.

PepetoSwap clears every rotation with no fee taken, so nothing gets skimmed on the way out. Assets move between Ethereum, BNB Chain, and Solana through the multi chain bridge with zero gas cost. Before any token lists on the platform, the contract screener checks every line for exploit triggers and drain patterns, and SolidProof verified the full codebase.

Former Binance leadership engineered the exchange side, and the cofounder who took the original Pepe coin to an $11 billion cap without any product behind it leads the token build.

The 268x projection runs from $0.0000001865, staking pays 179% APY compounded every day, and the Binance listing narrows from “coming” into “imminent.” This is where a single listing event reshapes what a small entry does across the rest of the cycle, and $9.29 million of verified capital already sits inside.

Bittensor (TAO) Price at $247 as Grayscale Lifts AI Fund Weighting to 43%

Bittensor (TAO) trades near $247 per CoinMarketCap, holding its $247 support zone after a 20% reset linked to Covenant AI’s April 16 exit. Grayscale raised TAO weighting to 43.06% in its AI Fund, the firm’s largest single asset reallocation on record per CoinGecko.

Q1 2026 network revenue hit $43 million, and Grayscale plus Bitwise filed Spot TAO ETF applications on April 2 with an SEC decision expected by August 2026.

Price targets sit between $360 and $410 for end of April per CryptoTimes if institutional flows extend, roughly 40% to 59% upside. Real on paper. But nothing close to what presale pricing delivers on listing day.

Uniswap (UNI) Price at $3.40 as AI Developer Platform Goes Live

Uniswap (UNI) trades near $3.40 per MetaMask with a $2.19 billion market cap. The Developer Platform rollout added AI native tooling, fresh liquidity provider endpoints, and updated documentation. The UNIfication vote passed in December 2025 turned on the fee switch, and ongoing burns trim UNI supply alongside DEX volume.

Analyst targets at $5 deliver UNI holders 53% upside if DEX volumes recover. Pepeto at $0.0000001865 pointed at $0.00005 is 268x, full stop.

Conclusion

April made one thing obvious. Capital rotates the second an institutional catalyst prints, and the ceiling stays hard for tokens already priced in the tens of billions. An entry sitting on a live exchange with a confirmed Binance listing does not lean on subnet tokens or AI toolkit releases to keep its return profile intact. That gap is what separates Pepeto from every other ticker chasing this rally.

Shiba Inu minted millionaires out of wallets holding a plain ticker with nothing underneath it. Pepeto is loading that same viral force on top of an exchange already running live, a signed SolidProof audit, and a confirmed Binance listing that gets closer by the hour. Large holders already inside this presale know exactly what they are holding, and capital of that size does not park unless the path ahead reads clean.

Hesitation at this price is what traders look back on as the mistake that defined the cycle. With buying pressure this thick and the Binance listing this near, the Pepeto window counts down in days, possibly hours, and the wallets still waiting for a cheaper floor become the ones watching someone else collect the gains this cycle.

Click To Visit Pepeto Website To Enter The Presale

FAQs

Why is Pepeto the best crypto to buy now over Bittensor (TAO)?

Pepeto is the best crypto to buy now because its confirmed Binance listing sets a 268x catalyst from $0.0000001865 to $0.00005, backed by the creator of Pepe coin and a SolidProof audit. Bittensor (TAO) at $247 targets $360 to $410 per CryptoTimes, roughly 40% to 59% upside across weeks.

How does Pepeto beat Uniswap returns for buyers entering today?

Pepeto targets 268x from $0.0000001865 via a confirmed Binance listing while Uniswap (UNI) at $3.40 targets 53% toward $5. Pepeto’s 179% APY compounds positions every day regardless of DEX flow conditions, and the presale has already passed $9.29 million in verified capital.

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

A $290 million exploit on KelpDAO’s cross-chain bridge on April 18, attributed by LayerZero to North Korea’s Lazarus Group, sent shockwaves through DeFi and erased more than $13 billion in total value locked across protocols within 48 hours.

Attackers drained 116,500 rsETH, worth approximately $290 million, from KelpDAO’s LayerZero-powered cross-chain bridge on April 18, in what CoinDesk has called 2026’s largest DeFi exploit to date. LayerZero, whose infrastructure underpinned the bridge, said in a statement Monday that “preliminary indicators suggest attribution to a highly sophisticated state actor, likely DPRK’s Lazarus Group.”

KelpDAO Hack Triggers $13 Billion DeFi Meltdown

The attack worked by compromising two remote procedure call nodes that LayerZero’s verifier relied on to confirm cross-chain transactions, then flooding backup nodes with junk traffic to force failover to the poisoned endpoints. Once the verifier signed off on a fabricated transaction, the bridge released $290 million in rsETH to an attacker-controlled address. The malware then self-destructed, wiping binaries and logs to frustrate forensic investigation. As crypto.news reported, the exploit triggered over $10 billion in outflows from Aave alone, with the lending protocol’s total value locked dropping from $45.8 billion to $35.7 billion as users scrambled to exit. UPI reported that more than $13 billion was wiped from total value locked across DeFi platforms in the two days following the breach.

LayerZero and KelpDAO Trade Blame Over Security Configuration

A dispute has erupted over who bears responsibility for the vulnerability that made the attack possible. LayerZero said KelpDAO had chosen to operate a 1-of-1 decentralized verifier network configuration, a single point of failure it had repeatedly warned against, and announced it would no longer sign messages for any application using that setup. KelpDAO pushed back, telling CoinDesk its configuration followed LayerZero’s own documented defaults and that the compromised validator was part of LayerZero’s own infrastructure. As crypto.news documented, independent security researchers including a Yearn Finance developer found that LayerZero’s public deployment code ships with single-source verification defaults across every major chain, undercutting the firm’s claim that KelpDAO had deviated from guidance.

What the Hack Means for DeFi Security and Institutional Confidence

The KelpDAO exploit is the second major DeFi breach linked to Lazarus in April alone, following the $285 million Drift Protocol attack on April 1, bringing the group’s total DeFi haul for the month to over $575 million. The attacker has since begun laundering the stolen funds, routing assets through Arbitrum and into Tron-based stablecoins, as crypto.news has tracked. Jefferies has warned that marquee hacks of this scale could temporarily slow Wall Street’s appetite for tokenization projects, as institutions reassess the security risks embedded in DeFi bridge infrastructure. LayerZero said it has confirmed zero contagion to other applications running multi-verifier configurations, but has forced a protocol-wide migration away from single-validator setups.

LayerZero said it is working with KelpDAO, the Security Alliance, and law enforcement agencies to trace the stolen funds, though the attacker’s use of privacy tools has significantly complicated recovery efforts.

Bitcoin extended its rebound, clearing the $79,000 area and signaling renewed bullish momentum. A breakout above the nearby $78,333 resistance increases the likelihood of a move toward $84,000 if buyers sustain the gain, according to market observations surrounding the latest price action. Decode noted on X that BTC appeared ready for a short squeeze as bulls pressed higher, adding to the sense of a hopeful recovery for the broader market.

On-chain signals offered cautious optimism. CryptoQuant analyst CW8900 highlighted that Bitcoin’s adjusted Net Unrealized Profit/Loss (NUPL) has turned positive, a sign that the market could be transitioning from distribution to accumulation. In parallel, the Bitcoin Bull Score Index (BSI) has returned to neutral territory for the first time since the bear market began, a development some analysts caution may still precede further volatility rather than guaranteeing an immediate upturn.

Key takeaways

• Bitcoin clears a key ceiling: BTC trading above $78,333 opens the door to a potential move toward $84,000, with a sustained push above the $79,000 mark reinforcing the bullish setup; a fall below the 20-day exponential moving average (~$73,758) would complicate the setup and could put $70,934 (the 50-day simple moving average) back into play.
• Ether shows resilience above a pivotal level: ETH rebounded off the 20-day EMA near ~$2,273 and is eyeing a breakout beyond $2,465, which could clear the path toward $2,800; a dip below the 20-day EMA would raise the risk of a pullback toward the $2,157 area near the 50-day SMA.
• Altcoins poised for a broader move: Several major assets are attempting to rise above resistance levels, signaling aggressive buying on dips and a possible wider risk-on rally for the sector.
• XRP and trendline dynamics to watch: XRP has bounced from nearby moving averages and could target the downtrend line; a confirmed breakout above that line would bolster the case for a short-term uptrend toward around $2.
• Mixed setups among popular assets: Cardano faces resistance in the region between the 50-day SMA and a downtrend line, while BNB has cleared $649 and could move toward $687 and then $790 if momentum persists.

Bitcoin and Ether anchor the relief rally

Bitcoin’s bid-up from the 20-day exponential moving average, which sits near $73,758, helped push the price above the $78,333 threshold. Should BTC hold above this level, traders anticipate further upside toward the mid-$80,000s, with $84,000 representing a potentially pivotal target. Conversely, a failure to sustain above the 20-day EMA would raise the odds of a pullback toward longer-term averages, including the 50-day SMA at roughly $70,934.

Ether’s setup echoes the broader risk-on mood. After a bounce off the 20-day EMA around $2,273, ETH has shown signs of renewed demand, supported by upward-sloping moving averages and bullish momentum indicators in the near term. A clearance of $2,465 would clear space toward the $2,800 region, while a break below the 20-day EMA could pull ETH back toward the $2,157 level near the 50-day SMA.

Altcoins in motion: XRP, BNB, SOL, DOGE and more

XRP turned up from its short-term moving averages, suggesting traders are starting to view dips as opportunities. The bulls’ next milestone would be a push above the downtrend line, which could open a path toward $2 if momentum builds decisively.

BNB extended its recovery after clearing the $649 barrier. If buyers sustain the move, the next targets could lie near $687, with potential extension toward $790 should the uptrend gather pace. A failure to hold above the moving averages could keep the pair range-bound for the near term.

Solana remains near key moving averages, with a break above $91 potentially opening a route toward $98 and, if sustained, toward $117. A slide back below the moving averages could prolong a period of range-bound action around the current levels.

Dogecoin regained upside momentum, eyeing a test of $0.10 and, if buyers stay in control, a move toward $0.12. A sharp retreat below $0.09 would reintroduce risk of a deeper pullback toward the February low around $0.08.

Hyperliquid has bounced off the 50-day SMA near $38.41, signaling dip-buying activity. The 20-day EMA is flattening and the RSI sits near the midpoint, suggesting a possible range formation in the near term. A sustained move above $45.77 would be needed to re-ignite the uptrend, while a break below the 50-day SMA could drag the price toward the $34.45 level on a renewed pullback.

Cardano is testing the resistance zone between the 50-day SMA (approximately $0.26) and a downtrend line. A successful breakout above that line could push ADA toward $0.32 and then to $0.37, while a turn lower could keep the price within the descending channel for longer.

Bitcoin Cash has clawed above the 50-day SMA around $454, with the moving averages hinting at bullish crossovers. If BCH can conquer the $486 resistance, a rally toward $520 becomes more plausible. A failure to sustain this level could keep BCH in a tighter range between the moving averages.

Monero surged past $382 but faces a challenge in maintaining momentum. A close above this level would target a fresh ascent toward the chart pattern’s objective near $462, while a drop below $382 could see bears resume selling rallies and push XMR back toward the moving averages’ support.

Overall, the current setup paints a picture of a tentative relief rally taking hold, with Bitcoin and Ether acting as the key anchors for broader market optimism. Yet, the spectrum of individual coin dynamics – from XRP and ADA to BCH and XMR – underscores the uneven pace of recovery across the sector and the ongoing influence of macro factors and on-chain signals.

Analysts note that while on-chain metrics have turned more constructive recently, the path forward remains uncertain. The market’s next moves may hinge on whether BTC can sustain above critical levels, whether ETH can push through sub-1% resistance zones, and how the rest of the crypto ecosystem responds to this renewed risk-on sentiment. As always, investors should manage risk and stay alert to shifts in technical levels and on-chain data.

Watch for continued price action near the key levels highlighted above and for any fresh on-chain signals that could confirm or challenge the current narrative. The coming sessions will indicate whether this relief rally has legs or remains a tactical bounce within a longer-running regime of caution.

Shares of American Bitcoin, the Trump family-linked mining company, surged approximately 12% on April 22 after the firm announced it had completed the deployment of 11,298 new ASIC miners at its Drumheller, Alberta site, expanding its active fleet to roughly 89,242 machines.

American Bitcoin Corp., the Bitcoin mining and treasury firm co-founded by Eric Trump and backed by the Trump family, sent its stock up roughly 12% to $1.38 on April 22 after announcing the completion of a major fleet expansion. The company deployed 11,298 ASIC miners at its Drumheller, Alberta facility, adding approximately 3.05 exahash per second of mining capacity and pushing its total owned fleet to around 89,242 machines representing 28.1 EH/s.

American Bitcoin Mining Expansion Defies the AI Pivot Trend

The newly deployed machines operate at an efficiency of approximately 13.5 joules per terahash, which the company says lowers its electricity cost per coin and improves the profitability of its mining operations even as Bitcoin network difficulty continues to rise. The expansion completes a fleet buildout that was first announced in March, making American Bitcoin one of the more aggressive scale-up stories among publicly traded miners in 2026. “Scaling hashrate is one of the ways we strengthen our position in Bitcoin,” Eric Trump, the company’s co-founder and chief strategy officer, said in a statement. “Bringing these miners online at Drumheller reflects exactly how we intend to lead: moving quickly, allocating capital with discipline, and growing our Bitcoin exposure efficiently at institutional scale.”

A Deliberate Bet on Mining as Rivals Shift to AI

The deployment represents a strategic statement as much as an operational update. Several major publicly traded Bitcoin miners have been redirecting capital and infrastructure toward artificial intelligence and high-performance computing data centers, where margins and demand have attracted significant institutional interest. American Bitcoin has chosen the opposite path, committing to large-scale mining as its core value driver. The company’s Bitcoin treasury now sits at approximately 7,000 BTC, and its business model is built around accumulating Bitcoin below spot price through scaled mining operations. As crypto.news reported at the company’s September Nasdaq debut, American Bitcoin positions itself as an institutional-grade vehicle for Bitcoin exposure, leveraging Hut 8’s infrastructure for mining and at-market purchases to maximize Bitcoin per share. The stock has faced significant volatility since listing, falling from a peak near $13 to around $1 before Tuesday’s rally.

What the Expansion Means for American Bitcoin’s Market Position

With its fleet now at 89,242 machines and an operational capacity of 25 EH/s across nearly 59,000 active units, American Bitcoin is deepening its structural advantage over competitors that have diluted their mining focus. The new hardware operates at above-average efficiency relative to the company’s existing fleet, which the firm says will lower its overall cost basis per Bitcoin mined. As crypto.news tracked, the stock has faced multiple pressure points since going public, including a sharp lockup expiry-driven selloff in December 2025, making the current recovery meaningful context for investors watching whether the operational expansion can translate into sustained price support.

American Bitcoin has scheduled its first quarter 2026 earnings call for May 6, where investors will be watching for updated Bitcoin production figures, treasury size, and the company’s cost-per-coin metrics following the completed Drumheller expansion.

Bitcoin BTC$78,254.55 climbed above $79,000 on Wednesday, hitting its strongest level since early February as a long-awaited breakout attempt gathered momentum.

The largest crypto rose 4.5% over the past 24 hours, leading major altcoins ether (ETH), BNB BNB$638.13, Solana (SOL) and XRP higher. The broad-market CoinDesk 20 Index advanced 3.5%.

Crypto-linked stocks also rose. Strategy (MSTR), the largest corporate BTC holder, jumped 10% while stablecoin issuer Circle Internet (CRCL) gained 9% and crypto exchange Coinbase (COIN) rose 6%. Bitcoin miners MARA Holdings (MARA) and Riot Platforms (RIOT) added 6%-7%.

The broader macro backdrop also turned supportive. The S&P 500 rose 0.9%, and the Nasdaq added 1.3% to record highs, extending the risk-on environment.

The gains followed U.S. President Donald Trump’s remark late Tuesday that he would extend the Iran ceasefire while maintaining a naval blockade of the Strait of Hormuz. Still, uncertainty around peace talks remains.

“BTC’s near-term direction remains highly dependent on macro and geopolitical developments,” said Paul Howard, a senior director at Wincent. He pointed to $72,000 as key support, with upside potentially could be capped near $80,000 range as traders take profits.

Bitcoin short squeeze potential

While macro risks are still in place, derivatives positioning could fuel the rally higher.

Perpetual swap traders remain heavily skewed bearish, with seven-day funding rates at near three-year lows, noted Vetle Lunde, head of research at K33 Research. At the same time, open interest continues to trend higher, suggesting fresh leverage is entering the market.

“Rising leverage alongside deeply negative funding suggests shorts are steadily building in perps, increasing both the likelihood and potential magnitude of a short squeeze,” he wrote.

“We continue to see strong breakout potential for BTC, with concentrated shorts providing ample fuel for a move higher,” Lunde added.

The $80,000 area, however, carries additional weight for bitcoin. It aligns with the short-term holder realized price — a measure of the average cost basis for newer market participants, who tend to be more sensitive to volatility and more likely to sell into strength.

For now, BTC is testing that hurdle. A clean move above it could signal stronger conviction behind the rally, but failing to hold could invite renewed selling pressure and profit-taking from shorter-term holders.

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