ETH in 2025: Bull Run or Bust?

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• Ether Could Struggle to Deliver Meaningful Rallies in 2025: 10x Research

• Ethereum’s Vitalik Buterin Challenges Elon Musk Over X Moderation

• Crypto Taxpayers Get Break as IRS Delays FIFO Implementation

• Montenegro Confirms Completed Extradition of Do Kwon on Tuesday

⚠️ Ether Could Struggle to Deliver Meaningful Rallies in 2025: 10x Research

Markus Thielen said that Ethereum (ETH) might not be the wisest investment choice for a 2025 bull run.

• Thielen predicts that Ethereum may struggle to achieve rallies in 2025, and labeled it a poor medium-term investment.

• The trend in active validators will be a critical indicator for Ethereum's network health in 2025, and recent data shows a concerning decline.

• Over the past 30 days, the number of active validators dropped by approximately 1%, raising fears of an increased risk of validator exits from the Ethereum network.

🥊 Ethereum’s Vitalik Buterin Challenges Elon Musk Over X Moderation

Vitalik Buterin called for Elon Musk to adopt a better tone in his posts after a heated debate on the treatment of foreign tech workers in the United States.

• Elon Musk's support for hiring foreign tech workers sparked a lot of controversy, and critics argued that such policies harm native-born workers.

• The subsequent debate led to accusations that X removed premium features from accounts opposing his stance. As a result, people started getting concerned about undermining free speech.

• Critics pointed out the disconnect between Musk's advocacy for free speech and the alleged use of censorship on X, and also questioned the tone and the platform's actions against dissenting voices.

⏳️ Crypto Taxpayers Get Break as IRS Delays FIFO Implementation

The IRS granted temporary relief from the FIFO accounting rule for crypto investors on centralized exchanges, and postponed its enforcement until the end of 2025.

• The IRS delayed implementing a rule requiring centralized exchange users to default to the FIFO accounting method for tax purposes, sparing many from potentially higher tax burdens.

• FIFO assumes the oldest cryptocurrency is sold first, which often leads to higher capital gains taxes.

• Experts like Shehan Chandrasekera pointed out that immediate enforcement of the new IRS rule during a bull market could have financially strained investors by unintentionally maximizing taxable gains.

👍️ Montenegro Confirms Completed Extradition of Do Kwon on Tuesday

Terraform Labs founder Do Kwon has officially been extradited to the United States to face criminal charges after the crash of the Terra Luna ecosystem.

• Do Kwon was extradited to the United States by Interpol and Montenegrin officials after months of legal battles between the U.S. and South Korea over his extradition.

• Kwon faced scrutiny after the May 2022 collapse of his algorithmic stablecoins Terra USD and LUNA, which wiped out more than $40 billion from crypto markets.

• After the collapse, Kwon evaded authorities in a global manhunt across Asia and Europe, though he denied fleeing law enforcement despite being pursued by Interpol.

👀 QUICK NEWS

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