Tariff Twists, NFT Prison Time, and Bitcoin’s Surprise Breakout

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Hey there, DegenDen fam.

Grab your snack of choice, because the crypto rollercoaster is back.

This time, we’ve got Trump surprising everyone by exempting a handful of electronics from his brutal tariffs. Meanwhile, Bitcoin soared 2.5% in response, bumping it above $86K.

Just as an NFT mega-whale stands to get locked up for forgetting to tell Uncle Sam about $13 million in CryptoPunk profits.

Ready to dive in?

THE RUNDOWN

• NFT Trader Faces 6 Years: A CryptoPunk investor faked his returns, underreporting $13M in gains. The Feds say he might do serious time for it, ouch.

• Crypto Gaming Ads Flop: New data shows campaigns for gaming/gambling dApps are the priciest way to acquire users (cost per wallet above $8!). Not the user goldmine many expected.

• Tariff Relief for Electronics: In a plot twist, Trump’s universal tariffs got a partial rollback on certain tech goods. That’s got some US companies breathing easier.

• BTC Jumps 2.5%: Right after that tariff relief news, Bitcoin hopped above $86K and traders are calling it a nice short-term bounce.

• Macro Jitters: Despite the mild rally, the broader market still feels unsettled. We’ll see if this is just a breather before the next wave of volatility.

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THE DEGENDEN MAIN EVENT

So, about that NFT whale… $13M in unreported profits on CryptoPunks trades.

The Feds say he filed false returns for 2021 and 2022, slashing millions off his tax bill.

Now they’re slapping him with potential prison time.

The message?

Don’t let your NFT mania overshadow your tax forms, folks.

Meanwhile, crypto gaming/gambling has turned out to be a more expensive user acquisition channel than most.

A marketing study found CPW (cost per wallet) can top $8.

That’s huge compared to other crypto sectors. So if you’re building a gaming dApp, maybe get creative with your marketing—this space is fierce.

Then there’s Trump, he’s been hammering imports from all angles, but in a weird twist, he spared certain consumer electronics from the carnage.

We’re talking smartphones, some chips, computers, etc.

The result?

A little sigh of relief for US tech, plus a mini wave of optimism that might have fed into BTC’s 2.5% jump.

Bitcoin soared above $86K, the highest in nearly two weeks.

Some say it’s a short squeeze, others blame the partial tariff rollback. Either way, it’s a breath of fresh air after the recent market gloom.

But don’t throw your stables away just yet—macro uncertainty still looms, and we all know how quickly a bullish move can turn sour in crypto.

That’s it for now, degens.

Tariff drama, NFT tax crimes, and a bit of sunshine for Bitcoin. Keep your eyes on the next wave of news, especially any further changes in Trump’s trade policy.

One tweet, and we could be right back in meltdown mode… or heading to $90K BTC, because crypto does what it wants.

Stay degen.

– The DegenDen Team

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