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BWEnews AI analyze(No accuracy guaranteed): sentiment: Neutral possible asset mentioned: ETH reason: Vitalik Buterin, a key figure in the Ethereum space, has changed his profile description and images on social media. While any activity from influential figures can stir interest, these changes are aesthetic and imply no direct impact on Ethereum (ETH) itself. Thus, the sentiment remains neutral. 方程式新闻AI自动分析(不保证准确性): 情绪: 中性 可能提及的资产: ETH 分析理由: 以太坊的重要人物Vitalik Buterin在社交媒体上更改了个人简介和图片。虽然来自有影响力人物的任何活动可能引发关注，但这些更改仅为美学，无直接影响以太坊（ETH）。因此，情绪保持中性。

A US House Committee under the Trump administration scored a first after voting to roll back the implementation of a controversial IRS DeFi tax rule passed during President Joe Biden’s administration’s final day. According to a report on Reuters, the US House Ways and Means Committee voted 26-16 on Wednesday in support of a motion that was moved by Rep. Mike Carey, R-Ohio, to reverse the IRS rule that was finalized late last year, who opined that the rule would “overwhelm” the IRS with forms. Force DeFi Platforms to Have Keep Records Following the vote that proposed overturning the controversial IRS DeFi tax rule that required “custodial brokers” to collect and forward all user data to the Internal Revenue Service, its fate now remains in the hands of the full House of Representatives. Speaking during the hearing, Rep. Carey stated: “We must pass this resolution to avoid this nightmare for American taxpayers and the IRS while ensuring that the United States is, in fact, in a position to lead the world in innovation with digital assets and the crypto sector.” The proposed IRS DeFi tax rule sought to extend traditional broker reporting requirements to decentralized finance platforms. The rule would require the operators to track and report user transactions to the taxman. Unsatisfied with the proposal, the Blockchain Association moved to court to challenge the rule, stating that it would burden software developers who created decentralized trading services unnecessarily. IRS DeFi Tax Rule Repeal Protects the Future of Industry A Change of Heart in the US Administration Last December, the Internal Revenue Service approved a system associated with the IRS DeFi tax rule that would have forced DeFi platforms to record “the name and address of each customer.” However, it’s an open secret that, in most instances, no centralized service providers interface directly with users — making it what some have called an “unsquarable circle.” All the prominent names within the crypto circles signed onto a Blockchain Association letter last week calling for eliminating this rule. Rep Mike Carey further stated: “We must pass this resolution to avoid this nightmare for American taxpayers and the IRS.” According to the association’s argument, enforcing the new IRS DeFi tax rule would restrict entrepreneurship and stifle innovation within the cryptocurrency sector. The move by the House Committee to challenge the regulation highlights the change of heart within the US administration towards the crypto space, with many already predicting the ultimate overturning of the rule. Rule Good for DeFi Sector A Win for the DeFi Sector If the full House of Congress upholds the proposal, the decision would mark a significant win for the DeFi sector as it would withhold its decentralized model. Commenting on the development, DeFi Education fund CEO Miller Whitehouse-Levine said in a statement: “The DeFi Education Fund applauds the House Ways and Means Committee members who voted for moving the CRA to the House floor, recognizing the need to push back against unlawful and unconstitutional overreach by the Treasury and IRS and to protect Americans’ freedom of choice in how they transact […] Members of the full House and Senate will now get to vote on the CRA.” Conclusion The decision by the House committee to propose repealing the IRS DeFi tax rule can be seen as a positive sign for the growth of the cryptocurrency sector within the United States. However, the final decision depends on the resolution of Congress and the President’s signature. Considering the pro-crypto stance of President Donald Trump and a majority of the members of Congress, there’s an increasing likelihood that the rule will be fully repealed. Frequently Asked Questions (FAQs) What was the controversial DeFi tax regulation? The Regulations require DeFi service providers to interface with users, collect certain information from users, and report digital asset transactions to the IRS. What are the new IRS rules for crypto? Taxpayers have always been obligated to include gains from sales or exchanges of digital assets in their income. However, the new rules require brokers—not digital asset holders—to do the reporting. Does the IRS track DeFi? In the new regulations, the IRS further specified that DeFi participants would be treated as brokers and required to report to the IRS and provide copies to their customers. How is DeFi regulated in the US? The Commodity Futures Trading Commission (CFTC) and the SEC are the central regulatory bodies overseeing DeFi activities. Appendix: Glossary to Key Terms DeFi: A system that allows users to perform financial transactions without the need for intermediaries like banks. IRS: A US government agency responsible for collecting federal taxes and enforcing tax laws. Custodial broker: An organization that manages and safeguards your cryptocurrency assets. The CFTC: An independent US government agency that regulates derivatives markets, including futures and options on commodities like virtual currencies. References Reuters

Virtuals Protocol, once one of the most promising projects in the AI agent sector, is now facing major challenges. Reflecting a significant industry trend, its daily revenue has dropped by more than 96% since its peak at the beginning of the year. Not only that, the price movement of the VIRTUAL token has also shown great pressure, recording a sharp correction in the past week. It is still fresh in the memory when Virtuals Protocol revealed early January daily revenue exceeding $1 million. Still, the figure is much different now. The daily revenue of the project has dropped to less than $35,000, according to Dune . Previously one of the main sources of income, Base-Virtual-App has lately shown less than $1,000 daily for ten straight days. For market players who were before hopeful about the possibilities of artificial intelligence in the crypto space, this drop is undoubtedly a highlight. Not only Virtuals Protocol is seeing a downturn. Additionally showing symptoms of decrease is interest in AI agents in the crypto sector. Though new projects are still under development, investor interest is less than it was a year ago. The market cap of AI agents is now dominated by two big players, Solana and Base, which control up to 98% of the total ecosystem. Though new projects give promise, many are beginning to wonder whether this industry can go back to its heydays. Virtuals Protocol is looking for refreshing change among this pressure by growing its network to the Solana ecosystem. As we previously reported , launching the Venture Partner Model and a 1% transaction fee allocation in SOL form help to assist this phase. To attract additional developers and producers to its ecosystem, the protocol also intends to organize an AI Hackathon in March. Still, the move to Solana has not gone as smoothly as expected. A string of unsuccessful meme coin projects challenges the ecosystem’s reputation itself, which makes investors more wary. Virtuals tokens on Solana are now found in just over 11,000 distinct wallets, a count far less than that of about 170,000 wallets on Base. Not only that, the token price adds pressure on its ecosystem. VIRTUAL was trading at about $0.9905 at the time of writing; it dropped 13.32% in the past 24 hours and 23.43% in a week. This instability fuels more worries about a significant drop in interest in artificial intelligence initiatives in the cryptocurrency field. Virtuals Protocol still has chances to re-attract market attention within this ambiguity. This project can still be part of the development of artificial intelligence in the crypto space with expansion plans and different new efforts. Nevertheless, its success will mostly depend on how well its staff can adjust to changing market conditions.

According to recent market trends, Chainlink (LINK) continues to stabilize following recent fluctuations, maintaining steady momentum despite declining trading volume. The cryptocurrency trades at $15.46, a 1.31% increase in the last 24 hours. Market capitalization has also risen by the same percentage to $9.86 billion, indicating sustained investor interest. Chainlink Whales Drive Accumulation and Profit-Taking Chainlink’s trading volume has dropped by 31.24% to $657.29 million, reflecting lower trading activity among market participants. However, its Fully Diluted Valuation (FDV) remains at $15.46 billion, supported by a circulating supply of 638.09 million LINK out of 1 billion LINK. The market sentiment remains strong because trading volume declined without affecting the price stability. The movement of large wallet investments has undergone substantial changes during the past three months because of evolving buying interests and market profit extraction. Major investors have shown rising interest due to the significant increase in large holder inflow observed during mid-December and late January. Large investor profits are responsible for the significant capital outflows during December and January. Data from IntoTheBlock reveals that large holder inflows have occasionally exceeded 18 million LINK, showing strong accumulation phases. Strategic buying activity by primary investors causes inflows to rise in the market. Such spikes show that major investors have taken steps to accumulate LINK holdings. However, except for brief surges, inflows have generally remained below 12 million LINK. On the outflow side, substantial selling activity has occurred at key moments, with outflows exceeding 12 million LINK at times. The market experiences significant price volatility because large investors reform their investment positions continuously. The price trend reveals that outflows manifest when LINK reaches its highest point, thus indicating investors conduct profit-selling activities during this time. The relationship between buying and selling activities has caused market dynamics, which resulted in price swings between $16 and $32. New influxes and outflows have decreased in recent times, which indicates an ongoing phase of market consolidation. The market price rested inside the $16-$20 zone, demonstrating lower price fluctuations. Technical Indicators and Market Sentiment CoinGlass data from Binance’s 1-hour chart shows LINK stabilizing around $15.45, with a modest 0.84% increase in the last session. The price has declined above $18, but now shows minor upward movement, suggesting a potential recovery. Trading volume remains moderate, with a 9-period SMA volume at 10.239 million, indicating steady market participation. The Cumulative Volume Delta (CVD) remains negative at -5.715 million, highlighting persistent selling pressure. The Aggregated Spot CVD remains negative at -3.584 million, reinforcing bearish sentiment. Despite this, the selling pace has slowed, allowing LINK to maintain its current price level. Future contract Funding rates stand at 0.0093, showing mild bullish sentiment among derivative traders. Open interest is rising at 4.863 million LINK, suggesting traders anticipate a potential rebound. The Aggregated Futures Bid & Ask Delta shows an increase of 171.25K LINK, indicating a gradual return of buying interest. Price Outlook and Future Prospects Chainlink’s price movements suggest a consolidation phase, with resistance near $16 and support around $14. LINK could test higher levels if buying volume increases, strengthening its recovery potential. Market pressure for selling activities might drive prices down to $14. Analysts exhibit conflicting market signals because some traders bet on price increases, but others remain watchful and hesitant. The price behavior remains unpredictable because of Whale activity, which continues to shape market movements in short-term periods. Long-term prospects remain strong as Chainlink maintains its relevance in the decentralized oracle space. Conclusion Chainlink’s price is stabilizing despite a drop in trading volume, supported by steady market interest. Large holder activity shows accumulation and profit-taking, contributing to price fluctuations. Technical indicators suggest consolidation, with the potential for a breakout if buying pressure increases. FAQs What is Chainlink (LINK)? Chainlink is a decentralized oracle network that enables smart contracts to interact with real-world data and APIs securely. Why is LINK’s price consolidating? LINK stabilizes due to reduced trading activity and balanced buying and selling pressure among investors. What does a negative CVD indicate? A negative CVD means selling pressure is dominant, leading to lower-level price declines or stabilization. What is the significance of large holder inflows and outflows? Large holder inflows indicate buying by whales, while outflows suggest selling or redistribution, impacting price movements. What are the key resistance and support levels for LINK? Current resistance is near $16, while support is around $14, defining the short-term trading range. Glossary Market Capitalization: The total value of all coins in circulation, calculated by multiplying the price per coin by the total supply. Fully Diluted Valuation (FDV): The total market value if all tokens were circulated. Large Holder Inflows: The total amount of LINK purchased by major investors or whales. Large Holder Outflows: The total amount of LINK sold or moved by major investors. Cumulative Volume Delta (CVD): An indicator showing net buying and selling pressure in the market. Funding Rate: The fee paid between long and short traders in futures contracts to maintain price equilibrium. Open Interest: The total number of outstanding derivative contracts, indicating market participation. Reference: IntoTheBlock Coinglass CoinMarketCap

Stronghold Digital Mining, Inc. announced that its stockholders have overwhelmingly approved the proposed merger with Bitfarms Ltd. At a special meeting, approximately 99.6% of votes cast favored the merger, representing about 54.5% of Stronghold’s outstanding shares. Bitfarms’ stock was seen trading higher by around 6% Friday morning as investors are betting the current price undervalues the mining company. The merger is expected to close in March 2025, pending the satisfaction of remaining conditions, according to a release from Stronghold. This merger comes as both companies navigate the crypto space. Bitfarms recently announced plans to repurpose some of its facilities into AI data centers, aiming to capitalize on the growing demand for high-performance computing and AI services. Similarly, other industry players like Riot Platforms have considered reallocating resources toward AI and high-performance computing, influenced by investors such as Starboard Value and D.E. Shaw. These strategic shifts reflect a broader trend among cryptocurrency mining companies diversifying their operations in response to market dynamics. Bitfarms recently settled with Riot Platforms before its special shareholder meeting in November. As part of the agreement, Bitfarms appointed Amy Freedman to its board, replacing Andrés Finkielsztain. The deal included a standstill until 2026 and granted Riot the right to buy more BITF shares while holding at least 15% ownership. H.C. Wainwright analysts believe Bitfarms’ stock is set for growth following a settlement with Riot Platforms that ends a six-month-long hostile takeover attempt. They predict the stock price could hit $4.