U.S. Senators Urge IRS to Revisit Cryptocurrency Staking Reward Tax Policy

On November 19th, according to Alternative Data, the Crypto Fear and Greed Index for today has increased to 15 (up from 11 yesterday), suggesting that the market sentiment still remains in a state of "extreme fear," with the average of last week being 24. Note: The threshold of the Fear Index is from 0 to 100 and encompasses the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin's Dominance in the Market (10%) + Google Trends Analysis (10%).

On November 19th, as monitored by on-chain analyst Yu Jin, the "Whale Accumulating WBTC and ETH in a Flash Loan-based Circular Loan Manner" reduced its positions from yesterday to early this morning. It sold 9,516.8 ETH to repay 29.36 million USDT, with an average selling price of $3,085. Its debt on Aave decreased from $150 million to $121 million, and the health factor of the position on the verge of liquidation increased from 1.04 to 1.12, temporarily averting danger. The collateral still consists of 1,560 WBTC ($144 million) and 9,000 ETH ($28.04 million). It should be noted that a health factor of 1.12 is not considered safe. If BTC and ETH continue to decline, it will need to keep selling to reduce its position.

On November 19th, as reported by The Block, Senator Tim Scott, the chairman of the U.S. Senate Banking Committee, said on Tuesday that he intends to urge the committee to conduct a vote on the cryptocurrency market structure bill next month. During an interview, Tim Scott stated, "By the end of this year, that is, next month, we believe we can hold a markup and vote in two committees and submit the bill to the full Senate for a vote early next year so that President Trump can sign it into law." Since this market structure legislation pertains to both securities and commodities regulation, it requires the approval of both the Senate Banking Committee and the Agriculture Committee. Tim Scott mentioned that this legislation will safeguard consumers while assisting in consolidating the U.S.'s position as the world's strongest economy in the next century. The Republican senator had been advocating for the passage of this bill prior to September this year but was unsuccessful, attributing

On November 19th, Hunter Horsley, the CEO of Bitwise, posted, "Yesterday, I purchased more BTC at $89,000."

On November 19th, the RWA card platform SuperSuperRare within the BNB Chain ecosystem announced the launch of a card-based point-based leaderboard system. According to the official's introduction, the current points mechanism of the SSR platform is calculated based on the FMV (Fair Market Value) of each card drawn by the user, and the ranking on the leaderboard will be determined by the user's card drawing records and the number of card openings. SuperSuperRare stated that the project is a TCG (Trading Card Game) combined with an on-chain RWA card drawing platform. The currently launched Pokémon cards are all physical Pokémon cards authenticated by the rating agency PSA. Users can freely choose among three options: one-click repurchase (Buy Back), NFT market trading (Trading), or redeeming physical cards for offline delivery (Redeem). Prior to this announcement, on November 12th, the SuperSuperRare platform minted the first user-drawn "2021 Japan 25th Anniversary Edition Holo Charizar

On November 19th, Ethereum's first hodler institution Bitmine announced that it will disclose its fourth-quarter and full-year financial performance for the fiscal year ending on August 31, 2025, prior to the opening of the US stock market on November 21, 2025 (Friday).