Happy Thursday!

The IRS sure wants to know a lot, but a list of your crypto wallets is not among the things it does want to know. So, this viral story suggesting otherwise was wrong.

American Bitcoin, the Trump-backed Bitcoin mining company, is down 60% off its highs. Then why is this analyst suggesting it’s a Buy?

Plus, Powell’s tone after this week’s rate cut may end up deciding whether the Santa Claus Rally fires or fizzles, and Matt Maley is already positioning around the signals that matter most.

From metals and tech to energy and bonds, he’s showing how he approaches this historically bullish seven-session window when macro pressure collides with seasonal strength.

TOP STORY

No, Bitcoin, Ethereum, XRP Traders Don't Need To List Their Crypto Wallets For The IRS, But...

A viral social media claim suggesting the U.S. Internal Revenue Service is forcing all taxpayers to list their cryptocurrency wallets is false, though the episode has revived broader concerns about how federal agencies handle digital-asset privacy.

A viral post showed an IRS document asking a taxpayer to list all their currencies, such as Bitcoin, Ethereum, Litecoin, and Ripple, along with each public key and who has access to the private keys. 

The image received hundreds of thousands of views, with many users insisting the IRS was demanding public-key disclosure from all cryptocurrency holders.

But no version of Form 1040 requires taxpayers to list wallet addresses or provide keys.

SPECIAL OFFER

The Santa Rally Window Is Opening. The Fed Just Moved the Goalposts.

Powell’s tone after this week’s rate cut may end up deciding whether the Santa Claus Rally fires or fizzles, and Matt Maley is already positioning around the signals that matter most.

From metals and tech to energy and bonds, he’s showing how he approaches this historically bullish seven-session window when macro pressure collides with seasonal strength.

QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are slumping even though the Fed delivered the expected rate cut: here’s what’s driving markets today.

Solana could be teeing up a 10% rebound courtesy of a Coinbase announcement — here are the details.

Bitcoin is stumbling after the Fed’s third straight rate cut, but it may still have enough juice for one more rally to $100,000.

FINTECH FOCUS

Eric Trump-Backed American Bitcoin Down Over 60% In A Month, Yet This Analyst Just Initiated 'Buy' Rating For ABTC Stock

American Bitcoin Corp. may have been encountering heavy sell-offs lately, but a Roth Capital analyst painted a more than 100% upside for the stock on Wednesday.

Roth Capital analyst Darren Aftahi initiated coverage of ABTC with a “Buy” rating and announced a price target of $4, according to Benzinga, representing a 106% upside from Wednesday’s closing price.

Aftahi is found to be correct 47% of the time.

Interestingly, Roth Capital is the underwriter for a special-purpose acquisition company called Colombier Acquisition Corp. III, which lists Donald Trump Jr. as a director, per a Reuters report.

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