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Illegal crypto mining operations in Russia are causing the country to lose 10 million rubles, or $122 million, a year from uncollected taxes. Despite legalizing the sector last year, underground crypto operations are skirting the federal tax authority.Sponsored SponsoredTax Evasion and Hidden Mining HubsHundreds of millions of dollars in taxes are evading Moscow’s grasp due to unreported income from illegal crypto mining.Despite Russia legalizing crypto mining in August last year, many informal mining operations continue evading the federal tax authority. This widespread tax evasion reportedly costs the country over $122 million in missing tax revenue.According to reports from local Russian outlets,…

Crypto market analyst Javon Marks believes the Dogecoin price could be preparing for one of its biggest price jumps yet. He thinks this setup gives the coin a strong chance to rise much higher in the current bull market if the pattern continues to repeat as it has before. Marks explains that this pattern is not random but follows historical price data that has proven accurate over time. In his view, Dogecoin has built a reputation for repeating its market behavior during each major cycle. Every time the setup has formed, the price has responded by moving sharply higher.  Javon…

Investment keeps flowing into prediction markets.Kalshi announced today, Friday, Oct. 10, that it has “recently raised” $300 million at a valuation of $5 billion, a figure consistent with earlier reports.The funding round was led by VC firms Sequoia and Andreessen Horowitz, with crypto investment firms Paradigm and Coinbase Ventures and several other investment firms also participating. Kalshi CEO Tarek Mansur also mentioned actor/comedian Kevin Hart, NBA star Kevin Durant, and Durant’s business partner Rich Kleiman as new investors.Additionally, Kalshi revealed it has expanded beyond the US, going live in more than 140 countries, a move that deepens liquidity on the…

Bitcoin BTC$116,495.49 miners are extending gains in pre-market trading as the artificial intelligence and high-performance computing (AI/HPC) boom accelerates, particularly benefiting those pivoting their operations toward AI infrastructure. IREN (IREN) is up 4% at $66 after a 6% rise on Thursday, now up more than 520% year-to-date. TerraWulf (WULF) is 5% higher pre-market after a 10% surge on Thursday, bringing its YTD gain to 150%. Other notable movers include Cipher Mining (CIFR) CleanSpark (CLSK) and Bitfarms (BITF), which all trade 2%-4% higher in pre-market.The total market capitalization of the miners is nearing $90 billion, according to Farside data, and on…

On Thursday, a single user on the decentralized trading platform Hyperliquid lost about $21 million after a private key leak led to an exploit involving the platform’s Hyperdrive lending protocol.According to blockchain security company PeckShield, the attacker targeted 17.75 million DAI (DAI) and 3.11 million SyrupUSDC, a synthetic version of the USDC stablecoin used within Hyperdrive, and subsequently bridged the stolen funds to Ethereum.PeckShield has not confirmed how the private key was compromised.Source: PeckShieldAlertThe exploit comes amid rapid growth for Hyperliquid, which has attracted significant attention due to its points-based rewards program designed to boost liquidity and user participation. The…

Morgan Stanley, one of the world’s largest wealth managers, has reportedly informed its financial advisers that all clients will be able to invest in cryptocurrency funds starting Oct. 15, CNBC reported.Advisers will be able to offer crypto funds to clients with individual retirement accounts (IRAs) and 401(k)s, a significant shift from the previous policy that restricted access to high-net-worth investors with over $1.5 million in assets and an aggressive risk profile.The move could unlock millions of dollars currently tied up in other assets, paving the way for a portion of that capital to flow into cryptocurrencies. As of June 30,…

Hedera Hashgraph’s HBAR token came under heavy institutional selling pressure over the 24-hour trading period ending October 10, with prices fluctuating within a volatile 6% range between $0.21 and $0.22. Despite early resilience that saw HBAR climb toward intraday highs near $0.22, the digital asset reversed sharply in the final trading hour, as institutional investors initiated broad-based selloffs that erased earlier gains.Trading data pointed to exceptional activity during this selloff, with volumes surging to 262.49 million—nearly six times higher than the session’s 47.32 million average. Analysts identified the 3:00 PM hour on October 10 as the inflection point, where the…

Bitcoin (BTC) has recently shown signs of slowing after a strong rally, as prices struggled to maintain levels above $125,000. Following a brief surge, BTC has corrected gains and is now consolidating near $122,200, raising questions about whether the king coin can regain momentum for a renewed rally. Recent Price Action Bitcoin initially climbed past the $125,000 resistance zone, with short-term highs reaching $126,198. However, bearish pressure emerged soon after, pushing the price down below the $123,500 support level. This correction tested the $120,500 region, with a low forming at $120,694. Despite the dip, BTC managed to recover above the…

María Corina Machado, a human rights activist and political opposition leader in Venezuela who has called Bitcoin a “lifeline” for Venezuelans, received the 2025 Nobel Peace Prize for promoting democracy in the South American country.Machado praised Bitcoin (BTC) as a pro-freedom technology in a 2024 interview with Alex Gladstein, chief strategy officer at the nonprofit Human Rights Foundation. She said:“Some Venezuelans found a lifeline in Bitcoin during hyperinflation, using it to protect their wealth and to finance their escape. Today, Bitcoin bypasses government-imposed exchange rates and helps many of our people. It has evolved from a humanitarian tool to a…

The NFT fantasy sports platform is switching from L2 StarkEx to Solana, promising faster, cheaper, and more open ways to trade player cards. Sorare, a blockchain-based fantasy sports game where fans can collect NFT player cards, is once again changing its home, this time migrating from StarkEx to Layer 1 chain Solana.In an announcement on Oct. 8, Sorare described the migration from StarkEx, an Ethereum Layer 2 scaling solution, as “more than a technical upgrade,” calling it a “step forward in our vision to become the most open and flexible platform for digital sports collectibles.”In its FAQ section for the…