According to Foresight News, Onchain Lens has reported that a major cryptocurrency investor recently opened a leveraged long position on XPL with a 3x leverage. The position is currently showing an unrealized profit of approximately $900,000. However, the investor still needs to gain an additional $1.9 million to break even.

Wall Street strategist Tom Lee is drawing parallels between Ethereum (CRYPTO: ETH) and the 1971 abandonment of the gold standard, predicting a “very high probability” that the cryptocurrency will eventually flip Bitcoin (CRYPTO: source: https://www.benzinga.com/markets/equities/25/08/47296830/tom-lee-calls-ethereum-a-1971-style-gold-moment-as-eth-hits-new-all-time-high-says-very-high-probability-of-flipping-bitcoin?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

On Aug 23, 2025, 05:18 AM(UTC). According to Binance Market Data, BNB has crossed the 890 USDT benchmark and is now trading at 890.22998 USDT, with a narrowed 4.65% increase in 24 hours.

Experts indicate that Ether is likely to surpass the $5,000 mark, while Bitcoin is poised to reach record highs, driven by recent comments from Federal Reserve Chairman Jerome Powell that have ignited a rally in the cryptocurrency market. However, asset managers are advising investors to remain vigilant regarding potential risks associated with the upcoming DAT deal, which could impact the overall market dynamics. source: https://www.coindesk.com/markets/2025/08/23/ether-likely-to-top-usd5k-btc-eyes-record-high-as-powell-sparks-rally-watch-for-dat-deal-risks-asset-managers

Trish Turner exits IRS leadership; market braces as new crypto tax rules take hold. source: https://coincu.com/356822-trish-turner-leaves-irs-digital-assets

According to PANews, El Salvador has increased its Bitcoin holdings by eight coins over the past week. The country's total Bitcoin reserves now stand at 6,277.18 coins, with a total value of approximately $727 million.

The closure follows a joint stipulation filed earlier this year by both the SEC and Ripple, in which the regulator […] The post Appeals Court Ends Ripple Lawsuit – SEC Forced to Walk Away appeared first on Coindoo. source: https://coindoo.com/appeals-court-ends-ripple-lawsuit-sec-forced-to-walk-away/

According to Cointelegraph, Trish Turner has stepped down as the head of the United States Internal Revenue Service’s (IRS) digital assets division, a position she held for approximately three months. Turner announced her resignation in a LinkedIn post, expressing gratitude for her two-decade-long career at the IRS. She highlighted the collaborative efforts in navigating complex challenges and establishing foundational programs for the IRS’s digital asset strategy, which has evolved from a niche focus to a mainstream concern. Turner is reportedly transitioning to the private sector, though she did not specify her next role in her announcement. However, Bloomberg Tax reported that Turner will join Crypto Tax Girl as the tax director. This move was confirmed by Crypto Tax Girl founder Laura Walter, who expressed enthusiasm about Turner’s upcoming contributions, especially in light of significant changes in crypto tax and compliance on the horizon. Turner’s departure comes shortly after her appointment in May, following the exits of Sulolit “Raj” Mukherjee and Seth Wilks, who were initially brought in from the private sector to lead the IRS’s crypto unit. Economist Timothy Peterson humorously remarked on Turner’s career shift, likening it to leaving the "Dark Side" to become a "Crypto Jedi Knight." The focus on crypto taxation in the U.S. has intensified, with the Department of Government Efficiency (DOGE) proposing a 20% reduction in the IRS workforce in March. Additionally, the House Committee on Ways and Means and Oversight Subcommittee leadership scheduled a July hearing to discuss necessary steps for establishing a tax policy framework for digital assets. Earlier, on April 11, U.S. President Donald Trump signed a resolution overturning a rule from the previous administration that would have mandated decentralized finance (DeFi) protocols to report transactions to the IRS. Cointelegraph attempted to contact Trish Turner for further comments but did not receive a response before publication.

Trish Turner is resigning as head of the IRS crypto division after just months, following two private-sector executives who served about a year. source: https://cointelegraph.com/news/irs-crypto-boss-trish-turner-resigns-after-3-months-in-the-role?utm_source=rss_feed&utm_medium=rss%3F_dc%3D1755924398615%26_%3D1755924398615&utm_campaign=rss_partner_inbound

According to PANews, blockchain analyst Yu Jin has reported recent activities by the Radiant Capital hacker. Three days ago, the hacker purchased 4,914 ETH for $4,167 each and has now sold 3,931 ETH at $4,726 each, converting them into 18.57 million DAI within the last two hours. The hacker's activities trace back to last year when $53 million was stolen and converted into 21,900 ETH at $2,420 each for storage. On August 14, the hacker sold 9,631 ETH at $4,562 each. This was followed by a purchase of 4,914 ETH at $4,167 each on August 20. Currently, the stolen assets, initially valued at $53 million, have appreciated to $104 million. This includes 13,300 ETH valued at $62.63 million and 42.03 million DAI.

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