The Daily LEO #383 DeFi Surge, IRS Rising Cost To Crypto

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YWall Street Reacts To Today's CPI Shocker

After several months of upside surprises, markets were expecting more of the same. Instead, they got the biggest across the board CPI miss in a year, and indeed if one looks at the market reaction to the print it is shaping up as the biggest "positive surprise" response this year.

Microsoft’s Next Act: Bending the Videogame Business Without Breaking It

The biggest of those games is in the spotlight this week, as Activision Blizzard’s latest “Call of Duty” sequel went on sale Friday. Called “Modern Warfare III,” the new game is notable for a couple reasons. The first is that much of its development took place during a period in which Activision’s future structure was uncertain, as the $75 billion acquisition by Microsoft took nearly...

Fidelity files for Vanguard-style ETF share class

Fidelity has filed to adopt Vanguard’s ETF multi-share class structure, becoming the third manager to do so.

In two filings with the Securities and Exchange Commission, the manager proposed allowing an unspecified number of open-end mutual funds to list ETF shares. Fidelity described the applicable funds as being...

OKX launches Ethereum layer-2 testnet using ZK-based Polygon CDK

Crypto exchange OKX has launched a testnet for an upcoming Ethereum layer-2 network named “X1,” according to a Nov. 14 announcement. The network is being developed using the Polygon chain development kit (CDK) and will use zero-knowledge proofs to validate deposits and withdrawals between layers.

The IRS and the Rising Cost of Crypto Tax Compliance

Once on the phone, the expert explains that the 1099s you received likely reported the gross proceeds of your trades and transfers without a detailed account of the basis, essentially the amount you spent to acquire the crypto.

Ethereum and Solana lead DeFi surge as TVL and DEX activity soar

The DeFi sector has experienced a significant increase in both activity and token prices, primarily driven by Bitcoin’s October rally. Central to understanding this landscape is the concept of Total Value Locked (TVL) and decentralized exchange (DEX) volumes, two critical metrics that offer insights into the health and trajectory of DeFi protocols.

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_{This edition of The Daily Leo was published by @bitcoinflood on Leo Finance, read the original article here}

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