The UK’s tax authority, HMRC, has increased its scrutiny of crypto investors, doubling the number of warning letters sent out over the last year. This aggressive crackdown on undeclared gains is sending a chill through the market.
However, this kind of regulatory pressure can create uncertainty for projects. It could also be a key factor in BlockDAG price prediction. Nevertheless, a major shift in market sentiment is beginning, especially with President Trump suggesting that China tariffs will be temporary. DeepSnitch AI is set to benefit as investors double down to secure their bag.
UK’s HMRC increases crypto tax crackdown
HM Revenue & Customs has intensified its efforts to ensure tax compliance within the crypto industry. The agency issued nearly 65,000 “nudge letters” to crypto investors in the 2024/25 tax year. This figure is more than double the 27,700 letters sent out during the previous year, according to data reported by the Financial Times. These letters are designed to prompt investors to voluntarily review and correct their tax filings before the agency launches any formal investigations into their holdings.
The sharp increase in these warnings is a clear indicator of HMRC’s growing focus on crypto tax evasion. Over the past four years, the agency has sent over 100,000 such letters in total. This activity has increased as crypto adoption and asset prices have grown, bringing more investors onto the tax authority’s radar. The agency is clearly signaling that the days of undeclared crypto gains going unnoticed are coming to an end.
This regulatory crackdown is part of a global trend of governments seeking to get a handle on the expanding crypto market. But it demonstrates the need to maintain meticulous records and understand the tax implications for investors.
Today’s altcoin watch: DeepSnitch AI set to benefit as presale accumulation continues
DeepSnitch AI: Stage 2 set to sell out with heavy accumulation
A massive shift in market tone is happening, and it is due to key regional lenders, including Truist Financial and Fifth Third Bancorp, reporting much lower credit loss provisions than feared. This is a sign that the financial system is more resilient than expected. Adding to the bullish momentum, US President Donald Trump just confirmed that tariffs on Chinese goods “will not persist”. He also announced a planned summit with President Xi Jinping. This news has removed a huge cloud of uncertainty from the crypto market.
This is the kind of positive macro environment where capital starts to move, and DeepSnitch AI could be a clear beneficiary. Its presale is showing signs of heavy accumulation, having just crossed $440,000, despite being priced at only $0.01915. This is a project that is positioned to benefit from the expected market recovery. It’s tapping into the AI market, a sector projected to grow 25 times by 2033.
And last year’s November, Bitcoin and ICP benefited heavily from a bullish rally. Many expect it to be the same this year, especially with better crypto regulation and capital inflow. That’s why investors are getting their portfolios ready.
DeepSnitch AI is being built with a bear-proof utility, making it a viable option for massive gains. Its AI scam filter is a tool that traders will need regardless of market conditions. It will provide tools to help retail investors trade with a calmer approach, cutting through the FOMO and noise. To reward its community, DeepSnitch AI has a staking program where users can lock their tokens to earn passive rewards.
BlockDAG price prediction
The BlockDAG price prediction is supported by its presale success. The project has raised huge capital and has already built a massive community of over 312,000 unique holders. Its execution is undeniable, with miners already shipping to 130 countries. The project is now scaling its delivery capacity to 2,000 miners per week to meet the overwhelming demand.
Additionally, the X1 mobile miner app, which brings crypto mining to any smartphone, has already reached millions of users globally. This level of adoption and delivery is a key reason why so many are watching the BlockDAG market cap potential closely as it approaches its final presale phase.
While there’s still enough room for growth, it might not be as explosive as early-stage presales. For example, DeepSnitch AI is still in its stage 2, which means more opportunity for potential returns.
Slerf market update
Slerf had a very volatile week. That’s because Binance’s October 18 delisting of the SLERFUSDT perpetual caught the market leaning short: funding deeply negative, open interest stacked the wrong way.
The result was a violent short squeeze, with prices ripping more than 600% to about $0.43 before giving most of it back. It now trades near $0.007, a full reset after that liquidation storm.
On the charts, momentum’s soft, but Slerf may not be dead. If the Fed follows through with a rate cut later this month, liquidity could return to the smaller caps first.
Coins like Slerf could benefit greatly, improving their price outlook.
Final thoughts
DeepSnitch AI is showing all the signs of heavy accumulation, representing an opportunity in the AI sector. This sector is currently undervalued and expected to increase by more than 25 times in the next few years. And with market sentiment turning positive, DeepSnitch AI’s presale offers a rare chance to build a position.
Many expect the bullish cycles of November and December to be massive, and are already preparing. DeepSnitch AI has all the elements for huge returns, including hype and utility. Stage 2 will soon sell out, alongside the cheap entries.
Visit the official DeepSnitch AI presale website and explore the details.
FAQs
What is the BlockDAG future price forecast?
BlockDAG’s future price forecast is viewed positively due to its successful presale, which raised hundreds of millions of dollars.
Will BlockDAG hit $1?
It is possible. However, it will depend on the adoption of its mining technology and overall growth.
What is the major driver of the BlockDAG market cap potential?
The BlockDAG market cap potential is due to its hybrid consensus model. It combines the security of traditional blockchain with the speed of Directed Acyclic Graphs.
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