Today in crypto, a significant development involves a non-fungible token (NFT) trader pleading guilty to tax fraud, having underreported nearly $13 million in profits from trading CryptoPunks. Waylon Wilcox admitted to false tax filings for the 2021 and 2022 tax years, leading to possible imprisonment of up to six years as per federal laws. Meanwhile, it was reported that crypto gaming and gambling campaigns are the most expensive sectors for onboarding users, with a median cost per wallet of $8.74. This highlights the challenges these areas face in attracting new users compared to other crypto segments. Furthermore, in regulatory news, President Trump exempted certain electronic products like smartphones and semiconductors from tariffs, which may provide relief to US tech companies and investors. Following this announcement, Bitcoin's price surged by approximately 2.5%, breaking the $85,000 mark, indicating a rebound in investor confidence in the market.

Source 🔗