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Банк России оценил долю цифрового рубля в безналичных платежах на ближайшие годы
Crypto Titans Revolt Over California’s 5% Wealth Tax Proposal
Leaders in crypto and tech are pushing back hard against a proposed one-time 5% wealth tax in California. The measure would hit net worth above $1 billion and would tax paper gains—assets counted even if they haven’t been sold.
Supporters say the money would pay for health programs and other public services. Based on official estimates, the plan could raise up to ~$100 billion from roughly 200 very wealthy residents.
What The Tax Would DoAccording to the initiative’s fiscal outline, the levy would apply to net worth on January 1, 2026, and it targets unrealized gains — stocks, company stakes, and other holdings valued on paper.
Taxpayers could pay in one lump sum or stretch payments over five years, with interest if they choose the latter. For example, someone with $20 billion in assets would face about $1 billion in liability under a 5% rule. A resident with more than $200 billion could see a bill exceeding $10 billion.
A 5% theft of unrealized gains and assets taxes were already paid on is about the most retarded thing I’ve ever heard. I promise you this will be the final straw. Billionaires will take with them all of their spending, hobbies, philanthropy and jobs. Solve the waste/fraud issue. https://t.co/DKcNWni2kB
— Jesse Powell (@jespow) December 28, 2025
Industry Pushback And WarningsBased on reports, several high-profile crypto firms and founders say the measure would drive people and money out of California. Executives named in coverage include Hunter Horsley, Jesse Powell, Chamath Palihapitiya, Nic Carter, Alexis Ohanian, and other tech figures.
I say this with no joy as a California resident:
Many who’ve made this state great are quietly discussing leaving or have decided to leave in the next 12 months.
More generally, one of the fascinating developments of this decade is people voting their views not with the… https://t.co/bTlBnsYdnY
— Hunter Horsley (@HHorsley) December 27, 2025
Their message is simple: large, sudden tax bills on paper wealth could force owners to sell stakes or move to other states, which they argue would cost jobs and investment in the local economy. Some say the rule would be especially tough on founders whose wealth is tied up in startups.
Supporters offer a different view. They argue the charge would target a small group—high net worth individuals—and provide funds for health care, education, and food programs without increasing taxes for middle-income families.
Representative Ro Khanna has been mentioned as a backer who sees the revenue as a way to strengthen public services.
Numbers And UnknownsThe math is clear in one sense: 5% of very large sums adds up quickly. Estimates put potential revenue as high as ~$100 billion. But collection is less certain.
Critics point to past cases where wealth taxes produced less money than forecast because some taxpayers relocated or shifted assets offshore. Valuing private companies and volatile holdings like crypto presents practical challenges, and that could make administration complex.
Featured image from Pexels, chart from TradingView
Брайан Армстронг: Биткоин помогает доллару сохранить статус резервной валюты
Аналитики Financial Times: Стейблкоины остались в шаге от денег
Cardano Founder To Leave X Permanently, Details Next Steps
Cardano founder Charles Hoskinson says he will stop using X at the end of December, with a “digital twin” set to take over his account in January, an unusual handoff that reshapes how one of crypto’s most visible founders communicates with the Cardano community. “Five more days on X,” Hoskinson wrote in a Dec. 27 post. “Come January, a digital twin takes over this account—I’ll explain what that means on the first YouTube stream of the new year.”
Here’s Why The Cardano Founder Will Leave XHoskinson pointed followers to where he intends to be active next. “Where to find me: Midnight Discord for weekly AMAs, YouTube for livestreams, and the long-form writing I’ve owed myself for a decade,” he wrote, tying the shift to Midnight and to a renewed emphasis on longer-form communication.
The motivation, he said, is incentive design. “Why leave? X rewards outrage,” Hoskinson wrote, adding that “the work that matters—Africa, Basho, Midnight 1.0, Cardano governance—rewards building.” He framed it as a conclusion drawn from a full decade on the platform: “Ten years taught me which game is worth playing.”
The farewell also carried a sharper edge that nodded to the disputes he has been drawn into on X. “To everyone who made this decade worthwhile: thank you. To the rest: I won’t miss you,” he wrote. Hoskinson has been a prolific and often combative presence on the platform, frequently engaging critics directly and weighing in on Cardano’s technical direction, governance arguments, and broader industry controversies.
Hoskinson’s writing pivot is already underway. On Dec. 25, he published a long post titled “What the Horizon Kept” on his personal Blogger site, opening with a vignette in which “The old fisherman said, ‘The ocean’s too quiet,’” before moving into a surreal narrative about instruments failing, maps not matching reality, and an island appearing where none was marked. The site’s profile bio describes him, bluntly, as a “Guy who writes stuff that makes people angry.”
He also continued posting in a more typically terse mode in recent days. In one message, Hoskinson wrote: “Before Crypto and After Crypto. Friends don’t let friends do crypto.”
Before Crypto and After Crypto. Friends don’t let friends do crypto pic.twitter.com/129Odf4Ihj
— Charles Hoskinson (@IOHK_Charles) December 28, 2025
Hoskinson has not provided details about the “digital twin” beyond promising an explanation in his first YouTube livestream of the year. For Cardano and Midnight followers, the near-term question is how that handoff works in practice, and whether the conversation he has historically driven on X consolidates on Discord, YouTube, and whatever long-form writing comes next.
At press time, ADA traded at $0.3779.
Ки Янг Джу: Биткоин находится в состоянии «сжатой пружины»
What The Rise In Open Interest Means For The Dogecoin Price
After the Dogecoin open interest hit new all-time highs back in September, it has seen a significant crash, culminating in the open interest dropping to levels not seen since 2024. This was a reflection of the decline in market participation from investors due to the rapid drop in the Dogecoin price. However, the open interest seems to have put in a bottom, and there has been a recovery in this major metric, something that could carry positive implications for the meme coin’s price.
Dogecoin Open Interest Recovers Above $1.5 BillionOn December 19, the Dogecoin open interest fell below the $1.3 billion mark, following the decline in participation. But the performance so far suggests that this could be a possible bottom. The week following this bottom saw a significant spike in the open interest, as it jumped above the $1.5 billion mark, as shown on Coinglass.
Since then, the Dogecoin price interest has consistently come in above $1.5 billion, suggesting that crypto traders are moving back into the meme coin. This is because the open interest measures the total outstanding futures or options contracts for a particular asset, and as the open interest rises, it means investors are opening more positions on Dogecoin.
This carries a positive implication, going by historical performance, because times when the open interest has risen have often coincided with times when the price has seen a recovery. An example is the Dogecoin price reaching close to $0.3 back in September when the open interest rose to its current peak of $6.01 billion.
Given this trend, if the Dogecoin open interest continues to rise, then it is likely that the price will follow the same trajectory. Therefore, the DOGE price could be getting ready to mark a bottom, especially as the crypto market readies to usher in a new year.
Volume Refuses To BugdeWhile the open interest has seen a recovery, the Dogecoin daily trading volume remains low. According to Coinglass data, the daily trading volume is sitting at one of the lowest points for the year 2025. This also plays into the fact that participation has been muted for the digital asset.
However, this muted volume is not relegated to Dogecoin lately, given that the entire crypto market has been in a bearish trend. The Crypto Fear & Greed Index is currently sitting at a score of 24 at the time of this writing. This shows that there is Extreme Fear in the market, and it is a time when liquidity is low, leading to lower prices.
Hoskinson Says Bitcoin Could Hit $250K In 2026, Lays Out How Altcoins May Finally Decouple
Cardano co-founder Charles Hoskinson has shared an interesting outlook for the crypto market in a recent YouTube interview by Altcoin Daily, projecting a major upside for Bitcoin in 2026 while also outlining a way capital flows into altcoins. His comments touched on institutional demand, decentralized finance, and why the next crypto market phase may soon decouple from Bitcoin.
Bitcoin At $250,000 And The Bridge Into DeFiWhen asked about if he is still bullish on Bitcoin in 2026, Hoskinson said he expects Bitcoin to reach around $250,000 in 2026, pointing to persistent institutional demand as the core driver.
This prediction is interesting, especially given the current context of Bitcoin’s price action, which is currently stuck below $90,000. It is also not a new stance for Hoskinson, who previously floated the same target during an appearance on CNBC’s Squawk Box.
In the YouTube interview with Altcoin Daily, Hoskinson noted that the missing piece has been a credible way for Bitcoin’s enormous stored value to interact with the broader DeFi ecosystem. He explained that Bitcoin holders are very cautious about handing custody of their assets to third parties, which has limited how much BTC can be deployed productively.
The solution, in his view, lies in non-custodial credit systems. Hoskinson described a future where Bitcoin can be lent in a non-custodial manner to access stablecoins, which are then deployed across DeFi to generate yield.
If the yield generated exceeds the cost of credit, Bitcoin holders gain predictable passive returns without sacrificing control of their holdings. Once such mechanisms mature, trillions of dollars in Bitcoin value could gradually spill into altcoins, and this will provide a stronger foundation for real-world adoption across the altcoin sector.
Solana Versus Ethereum As 2026 NearsHoskinson also shared his perspective on the comparison between Ethereum and Solana, explaining that the difference comes down to how each network can grow from here. He said Ethereum is, in many ways, a victim of its own success. After years of growth, it has become a huge ecosystem that is naturally harder to move and adapt quickly.
Solana, on the other hand, is a faster-moving chain that can experiment and adopt new ideas more easily. According to Hoskinson, Solana may be better positioned for growth over the next few years due to its tighter leadership and more agile development approach. Still, he was careful to give Ethereum its due credit, noting that it continues to carry much of the foundational work among altcoins and DeFi.
When asked about Cardano and Midnight, Hoskinson said his optimism is rooted in different fundamentals for each, although Midnight still has much more room to grow. Cardano focuses more on long-term infrastructure and research-driven development, but Midnight represents something new for the industry.
Midnight is a recently launched partner chain created by Cardano’s creators, and it functions as a complementary network to Cardano. In the interview, Hoskinson described Midnight as part of a fourth generation of cryptocurrency design, positioning it as a first mover that could capture a big market share if development and adoption move quickly enough.
Featured image from Unsplash, chart from TradingView
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