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The Solana price is trading at $42 as of 2:00 a.m. EST on Thursday, up 10% on the day. SOL Features among the top 10 crypto gainers today taking position 7 as shown in the image below. The gains are led by Celestia (TIA) which has rallied over 25% in the last 24 hours to trade at $2.79.  Aave (AAVE) and the Oasis Network (ROSE) come in second and third with 185 and 13% increases respectively. Solana is the only crypto among the top 10 largest digital currencies by market capitalization featured on this list. Top Crypto Gainers Today Source : CoinMarketCap SOL has also experienced a growth in its daily trading volume which has increased by a whopping 155% over the last 24 hours to $73.78 billion, making it the fifth most traded cryptocurrency, according to data from CoinMarketCap . This points to increased investor interest in the “Ethereum killer’s” native token. This interest began on Sept. 28 when the Solana price began rising, resulting in more than 79% ...

In August, the IRS unveiled its proposed crypto tax report ing requirements, which are slated to become enforceable in 2026. However, a group of seven senators, including prominent figures like Elizabeth Warren and Bernie Sanders, believes that this timeline falls short of the urgency required. These senators have jointly petitioned the Treasury Department and the Internal Revenue Service (IRS) to expedite the implementation of a rule that mandates specific tax report ing obligations for crypto brokers as swiftly as possible. In a letter dated October 10, addressed to Treasury Secretary Janet Yellen and IRS Commissioner Daniel Werfel, they expressed their concerns about the two-year postponement in instituting these crypto tax report ing requirements. The regulations, as currently outlined, are set to take effect in 2026 for transactions occurring in 2025. The senators argue that this delay could potentially cost the IRS approximately $50 billion in annual tax revenue and perpetuat...