As 2025 draws to a close, business owners and independent contractors face critical January deadlines for filing and receiving 1099-NEC and 1099-MISC forms, according to Satoshi Pacioli Accounting. These forms report payments of $600 or more to non-employees for services, requiring delivery to recipients and the IRS by January 31 (extended to February 2 in 2026 due to the weekend). Penalties for late filing range from $60 to $310 per form, underscoring the value of proactive completion. The firm emphasizes year-round recordkeeping, early W-9 collection, and accurate tracking of payments, including converting bitcoin transactions to USD equivalents. "To get ahead of this, start prepping 1099s in December—or better yet, throughout the year," the article advises. Strong organization empowers businesses and contractors to avoid stress, build trust, and launch 2026 confidently with clean financial records.
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Visa and the FDIC made separate announcements signaling accelerated integration of stablecoins into the U.S. financial system, paving the way for broader institutional adoption and efficient digital payments. Visa expanded its USDC settlement program to U.S. banks using Solana, allowing partners like Cross River Bank and Lead Bank to settle obligations onchain with finality outside traditional banking hours. Concurrently, the FDIC advanced a proposal implementing the GENIUS Act, detailing how supervised banks can issue payment stablecoins via subsidiaries with strict reserve, governance, and oversight requirements. As reported in Decrypt, Visa’s Global Head of Growth Products Rubail Birwadker commented, "Visa is expanding stablecoin settlement because our banking partners are not only asking about it—they’re preparing to use it." These steps highlight stablecoin evolution into core payments infrastructure on traditional financial rails.
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Tether, the leading stablecoin issuer in the digital asset industry, has launched PearPass, a peer-to-peer password manager that stores credentials exclusively on users' devices, eliminating reliance on cloud servers and centralized infrastructure vulnerable to breaches. This open-source tool, part of the broader Pears ecosystem for decentralized applications, features device-level encryption, end-to-end protected synchronization across personal devices, a built-in password generator, and key-based recovery, following an independent audit by Secfault Security. Available free on major platforms, it addresses escalating data leaks, including a massive exposure of billions of credentials earlier this year. "Every major breach proves the same point: if your secrets live in the cloud, they’re not really yours," said Tether CEO Paolo Ardoino, as reported in The Block. "No servers, no intermediaries, no back doors," Ardoino added. This innovation empowers individuals with greater control and resilience in an increasingly adversarial digital landscape, signaling advances in user sovereignty and privacy from one of the largest participants in the space.
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Hut 8, a Nasdaq-listed bitcoin miner pivoting toward high-performance computing, saw its shares surge over 25% in pre-market trading after announcing a major AI infrastructure partnership with Anthropic and Fluidstack. The company will develop up to 2,295 megawatts of data center capacity, starting with a 245-megawatt phase at its River Bend campus in Louisiana, backed by a 15-year, $7 billion triple-net lease with Fluidstack and a Google financial guarantee. This diversification leverages existing power and site assets from bitcoin mining operations to meet surging demand for AI compute. "Scaling frontier AI infrastructure is, at its core, a power challenge," Hut 8 CEO Asher Genoot stated. The deal promises substantial economic benefits, including job creation and robust financing, signaling growth opportunities in infrastructure, and impressing VanEck's Matthew Sigel, who noted the deal's strong economics.
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