2025-07-08 Market Watch: Crypto markets see significant movements and regulatory shifts

Here is what happened yesterday in the crypto market:

The Coming Crypto Tax Bomb

Crypto taxpayers face increasing scrutiny as the IRS prepares for stricter enforcement, highlighting the need for clear tax guidance and compliance.
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Russia Creates Registry of Crypto Mining Equipment

Russia’s Ministry of Energy has compiled a registry of cryptocurrency mining equipment to identify operations and bring them under new regulatory and tax rules, aiming to combat tax evasion and energy theft.
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UAE Authorities Debunk Toncoin Golden Visa Reports

United Arab Emirates authorities have refuted claims that staking Toncoin (TON) can lead to acquiring the UAE’s Golden Visa, causing a 6% dip in the altcoin’s price.
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U.S. Secret Service Becomes a Leading Crypto Cop

The U.S. Secret Service is increasingly active in combating cryptocurrency crime, leveraging its Global Investigative Operations Center to address rising digital fraud.
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Crypto Exchange Mercado Bitcoin to Tokenize $200M in Real-World Assets

Latin American crypto exchange Mercado Bitcoin plans to tokenize over $200 million in real-world financial assets, including fixed income and equity instruments, on the XRP Ledger (XRPL).
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