The latest Blockchain Association tax proposal shared with Congress calls for many changes, including updating stablecoins’ status to be treated like cash for regular purchases.
If accepted, this could provide some much-needed respite in the strained crypto market.
Meanwhile, DeepSnitch AI raised $1.7M following the preview of its AI-agent dashboard and announcement that the central intelligence layer is operational.
Along with 100x predictions and development progress, whales are increasing their allocations with the goal of locking down the massive 300% DeepSnitch AI presale bonus.
Stablecoins to be treated as cash for ordinary purchases?
The Blockchain Association shared its crypto tax proposals with Congress on Tuesday and met with House lawmakers drafting a crypto tax bill.
The group called for stablecoins to be treated as cash for ordinary purchases and a de minimis exemption on “low-dollar” crypto transactions. This would eliminate burdensome reporting on negligible gains/losses.
It argued that routine transaction reporting imposes disproportionate costs on individuals with little revenue benefit for the IRS. The association also supports applying wash-sale rules to digital assets, allowing loss claims even after repurchasing the same crypto.
Mining and staking should face capital gains tax, while tax reporting must protect taxpayer privacy and enable enforcement against illicit activity.
Meanwhile, the trenches are fearful of further volatility, and many traders are rotating into the DeepSnitch AI presale. In addition to supporting the project’s utility and fast development progress, the DeepSnitch AI presale bonus continues fueling whale allocations.
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1. DeepSnitch AI starts trending due to early investor incentives, working dashboard preview, and intelligence layer deployment
DeepSnitch AI made a name for itself as a reliable utility-based presale. However, the sentiment shifted into the full-on bullish territory, starting with the announcement of the exclusive DeepSnitch AI presale bonus. Moreover, the hype expanded further after the dashboard preview and the news of the intelligence layer coming online.
With $1.70M in the bank (token is currently priced at $0.04146), new developments only strengthen the 100x prediction that has been circulating the community for months, which was inspired by the utility.
DeepSnitch AI goes far beyond capitalizing on the AI agent hype by actually promising to repurpose the tech for the daily traders. The platform is powered by five AI agents, which provide a series of analytics services that are designed to make your trades safer, more consistent, and potentially even more lucrative.
For instance, the dashboard preview shows off the UI and demonstrates how each of these services (including a tool for real-time tracking of social sentiment, a DYOR tool, and an auditing service) is accessible in a matter of a few clicks.
The recent update also revealed that the prototype stage is over as the intelligence suite is operational and is already receiving new updates, including expanded multi-chain coverage and other improvements that will make the AI agents more powerful.
When it comes to the DeepSnitch AI presale bonus details, there are many tiers of DSNT allocation perks you can use to unlock extra value.
Applying the DSNTVIP30 yields 30% on $2K+, DSNTVIP50 gives 50% extra on $5K+, DSNTVIP150 gives you 150% on $10K+, and DSNTVIP300 unlocks 300% on $30K (translates to around $90K of additional value).
2. Zcash: Can ZEC break out?
According to CoinMarketCap, ZEC recovered to $248 on February 24.
With RSI nearing 37, the accumulation phase may have started. The volume is also on the low side, meaning that smart money may be adjusting positioning before the next liquidity wave strikes.
The breakout level is set at $255. Closing above this area will restore the bullish momentum.
On the downside, the current momentum will dissipate, in which case, many traders will rush in to leverage the DeepSnitch AI presale bonus instead of waiting for ZEC to recover.
3. Sui: Will a SUI ETF help the coin pump?
On February 24, SUI reached $0.89, according to CoinMarketCap data.
SUI recently broke below its consolidation range, and despite the quick recovery, many traders believe that any short-term weakness could lead to a retest of $0.79. This sentiment is expedited by Bitcoin’s volatility and overall bearish structure.
On the flip side, buyers could push SUI to $1 if the current level holds, which could realistically happen as 21Shares also launched a SUI ETF, which could draw in some extra liquidity.
Final words: Start printing
It’s not surprising DeepSnitch AI is on such a steady run in Q1. Sure, $1.70M is a good sign that the community is in high-conviction mode, but the utility itself is the key driver behind the hype.
Once you add the latest DeepSnitch AI presale bonus program into the mix on top of the fundamentals and extraordinary development progress, it truly seems like this presale could be the closest thing to printing money.
The standout is the DSNTVIP300 code. Applying it at checkout for purchases of $30K and up will yield a 300% bonus and put about $90K worth of extra tokens into your bag.
Start printing with the DeepSnitch AI presale. To mingle with the community and receive the latest updates, lock into X or Telegram.
FAQs:
1. What tax changes did the Blockchain Association propose?
The Blockchain Association urged Congress to treat stablecoins as cash for everyday purchases, add a de minimis exemption for low-value crypto transactions, apply wash-sale rules to digital assets, and tax mining/staking as capital gains while protecting taxpayer privacy.
2. What DeepSnitch AI presale bonus tiers are available and how do they work?
Tiers include DSNTVIP30 (30% extra on $2K+), DSNTVIP50 (50% on $5K+), DSNTVIP150 (150% on $10K+), and DSNTVIP300 (300% on $30K+ allocations, representing $90K added value at $0.04146).
3. Why is DeepSnitch AI trending?
Apart from DeepSnitch AI presale bonus hype, the announcement of the central intelligence layer going live and the preview of the dashboard highlighting the UI and features have pushed the raise to $1.70M.
