[U.S. Senator Urges IRS to Reassess Crypto Staking Rewards Tax Policy] Indiana Republican Senator Todd Young sent a letter on November 19 to Treasury Secretary and Acting IRS Commissioner Scott Beshears, requesting the Internal Revenue Service to reevaluate the cryptocurrency staking rewards tax guidelines issued in 2023. Senator Young questioned the rationale of the current rules, which treat staking rewards as taxable income upon 'receipt' rather than taxing them at the time of 'sale,' and pointed out that this policy may not accurately reflect the economic nature of staking mechanisms.

[A single entity accumulates 2,800 Bitcoins within two weeks at an average price of $101,700] Over the past two weeks, a single entity has accumulated a total of 2,800 Bitcoins through multiple addresses, with a total value of approximately $264 million. Most of the Bitcoins were withdrawn from Kraken. In the past 24 hours, the entity has withdrawn another 45 Bitcoins from Kraken, with an average withdrawal price of $101,700.

[Tom Lee Says the Market May Be Nearing a Bottom This Week, Bitwise CIO Sees a Long-Term Buying Opportunity] On November 19, Tom Lee stated in an interview with CNBC that the market is likely to approach a bottom this week. Bitwise Chief Investment Officer Matt Hougan agreed with this view, calling the current moment a once-in-a-lifetime long-term buying opportunity. He believes investors are overly concerned about AI valuations, macroeconomics, and tariff-related events.

OKX-BTC/USDT is currently trading at $92018.90, with a 5-minute decline of 0.44%. Please pay attention to market fluctuations.

[1824.43 BTC Transferred to Multiple Addresses, Valued at Approximately $856 Million] According to Arkham data, around 08:07, 1824.43 bitcoins (valued at approximately $856 million) were transferred from the Strategy (formerly MicroStrategy) wallet to multiple addresses.