**Crypto Weekly Update: What Investors Need to Know Now**

A lot has been happening in the crypto world lately. From new tax rules to market reactions, here’s a simple breakdown of the biggest stories that could affect your crypto portfolio.

**New IRS Rules for Crypto Investors Coming in 2026**

Starting in 2026, the IRS will require crypto exchanges like Coinbase and Binance.US to follow the same reporting rules as traditional stock brokers. This means they’ll have to report how much customers paid for their crypto, how much they sold it for, and when the transactions happened. The goal is to make tax reporting easier and more accurate for everyone involved. So, if you’re buying and selling Bitcoin, Ethereum, XRP, or other digital coins, expect more detailed tax forms in the near future.

**No, You Don’t Have to List All Your Crypto Wallets for the IRS**

There’s been a lot of confusion online recently. Some viral posts claimed that the IRS now wants all crypto users to list every wallet they own. That’s not true. The IRS isn’t asking for wallet addresses — at least not yet. But this scare has once again sparked concern over how much privacy crypto users really have when dealing with federal agencies.

**Peter Schiff vs. Michael Saylor: The Bitcoin Debate Heats Up**

Gold advocate and long-time Bitcoin critic Peter Schiff took aim at Michael Saylor again. Schiff criticized Saylor’s aggressive strategy of buying large amounts of Bitcoin and turning it into BTC-backed digital loans. But Saylor remains confident, saying Bitcoin is now seen as “digital capital” and has growing support from the U.S. government and big financial players.

**Bitcoin, Ethereum, XRP, and Dogecoin Jump After Fed Rate Cut**

Bitcoin surged to a brief high of $94,000 after the Federal Reserve cut interest rates by 0.25%. Ethereum, XRP, and Dogecoin also saw small boosts — all gaining around 1%. Lower interest rates often push people toward riskier investments like crypto, which may explain the quick price movements.

**Ethereum vs. Solana? There’s a Bigger Picture**

Matt Hougan, CIO at Bitwise Asset Management, says investors shouldn’t just focus on picking a winner between Ethereum and Solana. Instead, he believes the real opportunity lies in the overall growth of the crypto space. According to Hougan, betting on just one blockchain may not be the smartest move long-term because many networks could thrive together.

**Coming Up: Why Does Bitcoin Keep Dropping at U.S. Market Open?**

Many traders have noticed that Bitcoin often falls in price right when U.S. stock markets open. We’ll take a deeper look into why that might be happening — stay tuned for more insights.

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Stay informed and ready — crypto markets move fast!