The US Treasury finalizes tax rules for crypto

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Welcome to the primary day of July. Summer season is right here in earnest, however let me maintain you, briefly, indoors with tales of finalized guidelines for crypto within the US, and the way Lego is making bricks from stardust.

A brand new rule finalized by the US Treasury Division will be certain that folks that dipped their toes into crypto (and crypto buying and selling) are paying the right quantity on their gross sales. The brand new rule would require cryptocurrency platforms like exchanges and cost processors to report their customers’ transactions to the IRS. Brokers should begin reporting gross sales proceeds on digital belongings in 2026 for all transactions achieved in 2025, which suggests crypto merchants are nonetheless on their very own for now.

The rule will make simpler for folks to declare their earnings as a result of their brokers will now have to supply them with a 1099 kind. The shape has a threshold of $10,000 to report on transactions involving stablecoin, that are cryptocurrencies that observe fiat cash just like the US greenback.

— Mat Smith

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Officers insisted in a press convention Friday afternoon that astronauts Butch Wilmore and Suni Williams should not “stranded” on the Worldwide Area Station. “We’re not in a rush to return dwelling,” mentioned Steve Stich, supervisor of NASA’s Business Crew Program. Boeing’s Starliner has been docked with the ISS since June 6 for what was meant to be a 10-day flight take a look at. Nonetheless, throughout strategy, the craft skilled issues with 5 of its thrusters, and a identified helium leak appeared to worsen.

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It was initially acknowledged that Starliner may solely keep docked on the ISS for a most of 45 days attributable to limitations with its batteries, however Stich mentioned through the convention that these batteries are being recharged by the house station, so this may be prolonged.

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The US has a better incarceration fee per 100,000 folks in its inhabitants than every other NATO nation. Hashem Al-Ghaili, a molecular biologist and science communicator, claims he’s acquired the answer. In an interview with Wired, he outlined how a digital jail may work. As a substitute of locking prisoners up for lengthy intervals of time, prisoners can be subjected to synthetic recollections in a digital atmosphere. The system creates custom-made AI-generated content material that’s transformed to visible info and delivered to the prisoner’s mind in addition to the elements of their DNA and RNA linked to reminiscence formation to ascertain a long run reminiscence sample. There are numerous wrinkles and highway bumps, however the greatest could also be that such expertise simply doesn’t exist.

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Image of a lego brick made with moondust

Lego

Lego has teamed up with the European Area Company (ESA) to make Lego items from precise meteorite mud. They’re on show at a number of Lego retailer places till September 20, though all of it isn’t only for giggles, or Lego equipment upsell. It’s a proof of idea to indicate how astronauts may use moondust to construct lunar buildings.

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  • David Bridges

    David Bridges

    David Bridges is a media culture writer and social trends observer with over 15 years of experience in analyzing the intersection of entertainment, digital behavior, and public perception. With a background in communication and cultural studies, David blends critical insight with a light, relatable tone that connects with readers interested in celebrities, online narratives, and the ever-evolving world of social media. When he's not tracking internet drama or decoding pop culture signals, David enjoys people-watching in cafés, writing short satire, and pretending to ignore trending hashtags.

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