Welcome to This Week in Crypto, where we break down the biggest headlines shaping the digital asset space. From network upgrades to treasury moves and key regulatory moments, here’s what’s been making news this week:
Here’s a quick look at what’s new:
- Bitcoin hits new all-time high: Bitcoin passed $125,000 for the first time, supported by heavy trading and growing interest from large financial firms.
- IRS updates tax treatment for crypto holdings: New guidance confirms that unrealized gains on digital assets will be excluded from CAMT calculations, providing clarity for corporations holding crypto.
- Grayscale adds staking to Ethereum and Solana funds: Grayscale became the first U.S. crypto fund issuer to offer staking in its ETPs, expanding investor access to blockchain participation.
Let’s take a closer look at what it all means for the crypto space this week!
Bitcoin Reaches New All-Time High Above $125,000
Bitcoin has officially hit a new all-time high, surpassing $125,000 for the first time since its launch 17 years ago. The price push capped off a week of heightened activity across crypto markets. The move reflects continued momentum in the digital asset space, even as traders remain cautious.
- Trading volume topped $50 billion in 24 hours, with major price swings triggering widespread liquidations.
- Over $200 million in short positions were closed as market conditions shifted quickly.
- Some experts cited institutional interest and broader economic trends as possible drivers behind the move.
Although price forecasts vary widely, the new high has sparked renewed discussion around Bitcoin’s role in financial markets. As always, the market remains subject to change based on global events and investor sentiment.
Grayscale Adds Staking to Ethereum and Solana Funds
Grayscale has introduced staking to its Ethereum and Solana investment products, becoming the first U.S. crypto fund issuer to offer staking features for listed exchange-traded products (ETPs). The update applies to both the Grayscale Ethereum Trust and Grayscale Solana Trust, with the company calling it a step toward broader investor access to blockchain participation. While staking is already common in crypto, this marks a notable shift in how it may be integrated into regulated investment products.
- Grayscale will stake assets through institutional custodians and a network of validators.
- The move comes as the industry awaits potential SEC approval for Ether staking ETFs.
- Investors can access the staked products through standard brokerage accounts.
The development expands how traditional investors can engage with crypto networks like Ethereum and Solana. It also signals growing interest in connecting yield-generating mechanisms to regulated crypto products.
IRS Clarifies Tax Rules for Bitcoin Held by Corporations
The U.S. Treasury and IRS have issued new guidance that clarifies how companies should handle unrealized gains on Bitcoin and other digital assets under the Corporate Alternative Minimum Tax (CAMT). The update addresses concerns raised in response to earlier proposals, which left some uncertainty around how crypto holdings would be treated for tax purposes. Companies can now rely on this interim guidance as final regulations are developed.
- The new guidance allows companies to exclude unrealized crypto gains from CAMT calculations.
- This update may impact how businesses account for digital assets reported at fair value.
- Over 100 public companies currently hold Bitcoin, highlighting the relevance of this tax clarification for corporate treasuries.
The move offers clearer direction for businesses managing digital assets and points toward a more defined tax framework for crypto in corporate settings.
