0xCryptolord | CryptofolioApp

@Jef_web3X There’s only @CryptofolioApp. Connect all your wallets and exchanges to calculate your P&L back to your very first trade in crypto. cryptofolio.ai

What portfolio tracker do you use? - mainly for crypto and nfts - no wallet connection or manual adding of assets

@circle Circle CEO: how can we take $btc, but like, centralize it?

Circle Wrapped Bitcoin is coming. Backed 1:1 by BTC and readily verifiable onchain, cirBTC is being built to work seamlessly with Circle infrastructure and the broader DeFi ecosystem. Learn more: circle.com/cirbtc

Durable nonces should have 0 roles in crypto. You sign something and it just sits there until someone decides to use it. No expiry. No on-chain trace until execution. Most people who sign likely have no idea what they’re approving. It’s terrifying. 2 of 5 multisig approvals. That’s it. $280 million gone. The whole point of a multisig is that one compromised key isn’t enough. But if you can socially engineer two people on the same team, the model collapses and security breached.​​​​​​​​​ A damn shame. A lot of people left crypto forever yesterday.

$280 million just vanished from Drift Protocol on Solana because someone was tricked into signing the wrong transaction. The attacker didn't find a bug in the code. They socially engineered a team member into pre-signing admin transactions using durable nonces, a Solana feature that lets signed transactions sit dormant for weeks before executing. The victim may not have even realized what they signed. There was no immediate on-chain footprint to trigger an alert. The signatures just waited until the attacker was ready. When they executed, it took minutes. 2 out of 5 multisig approvals was all they needed to take over Drift's Security Council, remove withdrawal limits, and drain over half the protocol's $550 million in TVL. $230 million in USDC was bridged to Ethereum through Circle's CCTP across 100+ transactions before anyone froze anything. Bitcoin doesn't have admin keys. It doesn't have a Security Council multisig. It doesn't have team members who can be socially engineered into draining the protocol. That's the difference.

The coat check analogy is interesting but it’s not settled. The IRS hasn’t said anything specific about LSTs. You’re making a property law argument that sounds logical but could easily go the other way. The conservative position treats minting stETH from ETH as a taxable exchange because you received a different asset. It’s also not guaranteed a 1:1 value peg. The alternative position is what you’re describing, that you never gave up ownership so there’s no disposition. Both are defensible. Neither has IRS backing. What matters regardless is documenting everything: when you staked, the ratio at that time, your original cost basis, and what happened when you redeemed. If the IRS eventually picks a side, you need the records either way. cryptofolio.ai/blog/defi-cost…

Minting LSTs should NOT be taxable (you never gave up ownership, it’s like a coat check receipt). Until IRS provides clarity, there’s no definitive answer on several of these arguements. Different tax professionals reach different conclusions on identical situations.

Balance is easy to track. Profit isn’t. Do you actually know how much you’ve made or lost in crypto over the years? How about just in the past 6 months? That’s the problem. Again, balance is easy. Every app does it. Profit requires knowing your full history, and almost nobody tracks that properly. cryptofolio.ai/blog/what-your…

Cool so now we have options on trusts that hold five different cryptos that rebalance. Good luck figuring out your cost basis on that when you exercise. The institutional side of crypto keeps getting more complex products. The individual tracking side is still people staring at spreadsheets trying to figure out what they paid for something they bought 18 months ago.​​​​​​​​​​​​​​​​ Something has to give.

🇺🇸 JUST IN: US SEC approves listing of options on multi-crypto commodity trusts on NYSE.

@CoinTracker Bruh, you guys may take minutes to import transactions from a single wallet, then require hours to manually classify transactions afterwards. That quick export to form 8949 button is nice if you get there tho

2 short weeks until April 15. If you traded crypto in 2025, the IRS already has your 1099-DA. Make sure your return matches. CoinTracker imports your full transaction history, reconciles your cost basis, and generates tax-ready forms in minutes, not days.

Got an airdrop last year and didn’t think about it until now at tax time. That’s the problem. The IRS considers it income the second it hits your wallet. Not when you sell. Not when you claim. When you have access. If you didn’t record the price that day, good luck proving your cost basis later, especially if the OG project has shut down or the coin delisted from cmc/cg. And without cost basis, the whole sale amount is treated as gain. We wrote the full breakdown. Every edge case, every mistake people make, every number you need to record. cryptofolio.ai/blog/crypto-ai…

@CoinMarketCap Didn't have Trump and @worldlibertyfi buying Chainalysis on my bingo card for 2026. I do now.

LATEST: ⚡ Chainalysis is using AI agents trained on a dataset spanning 10 million investigations to help law enforcement and compliance teams track crypto crime.

@big_duca Brother might be an unpopular opinion but when you need 'em, you'll be glad you had them

I don't even really talk to our lawyers. And somehow every month I end up with an invoice I have to pay. How does that even work.

Building a company across time zones sounds cool until you realize it means you're never off. I'm in the US, my partner in Dubai. Our dev team is in a third time zone, and our designer in a fourth. When others start their day I'm wrapping up mine. When I wake up there's hours of decisions waiting. And if I don't get back to them fast enough, 5 people sit idle. I'm lucky if I get even a couple of hours dedicated to build myself. That's the part nobody tells you about being a founder. When you're an employee you work for one person. When you're a founder you work for everyone. Your designer needs feedback. Your dev lead needs a decision on the API. Your lawyer needs documents. Your marketing needs content. And all of them need it now because they're all blocked on you. It's not a flex. It's just what it is when you're building something real with a small team and limited runway. And tbh, I wouldn't trade it for anything.

The IRS is using TaxBit's numbers to decide who gets audited. Think about that. If TaxBit got your cost basis wrong, the notice they send you is based on wrong data. You're defending yourself against numbers that were never right. And most people on the other side aren't doing much better. They connect their wallets to Koinly or whatever in March, it tries to reconstruct a year of activity, misses a couple transfers, and now their filing is off too. So you've got the IRS checking bad data against bad data. I stopped trusting any of it and started building something that tracks from day one instead of reconstructing after the fact. @CryptofolioApp automates cost basis tracking from the very beginning of your wallet and account history. Intended for it to be a portfolio tracker and not a tax app, but here we are.

The Clarity Act is the best thing that could happen to the DeFi community and finally gives them the legal certainty they deserve. Developers, validators, and node operators will finally have a safe harbor and we can ensure American innovation can stay right here on US soil.

The IRS is literally using TaxBit's numbers to decide who gets audited. If those numbers are wrong, people are getting flagged for discrepancies that aren't even real. And it goes both ways. The taxpayer connects their wallets to some tax tool in March, it reconstructs a year of history, misclassifies a few transfers, and now their filing is built on bad math. The IRS is checking that bad math against TaxBit's bad math. Nobody in this equation has the right number. It's insanity. Only thing that actually fixes it is tracking from the start. Not reconstructing later.

The IRS relying on outdated software like TaxBit is creating real problems for taxpayers. Inaccurate data + outdated systems = unnecessary audits and confusion. Watch before you trust the numbers. 👇 #crypto #cryptocurrency #tax #taxlaw #GordonLaw

Most defi P&L numbers are completely cooked and people don’t even realize it. I ran my own portfolio through the math in this article. Deposited $ETH into Aave, earned yield, withdrew, swapped half on Uni, staked the rest. Six interactions. My cost basis changed at every single one. I was using CoinStats, which ignored all of it and reset cost basis at fmv. Just showed ETH in, ETH out. The number on my P&L was off by thousands. Debank was better for part of the chain, but ultimately dropped the ball. cryptofolio.ai/blog/defi-cost…

@thesaint_ Beta launching next month. You can get on the list at cryptofolio.ai/?utm_source=tw…

@One_Crypto_Lord Is this live already?

Is there really any interesting thing happening onchain? I want to learn, interact with them and talk about it Shill me that in the comments

$1.8M is nothing for what this does. Palantir's whole thing is connecting data across fragmented systems. The IRS has 100+ legacy systems that don't talk to each other. Now they will. First targets are clean energy credits and gift tax returns. Crypto is next. 4 million 1099-DAs went out this year showing proceeds with no cost basis. That's exactly the kind of pattern matching Palantir was built for. Flag every return where reported gains don't line up with broker-reported proceeds. Accurate records aren't optional anymore. They're your defense.

IRS paid Palantir $1.8M for an AI tool to pick audit targets. First focus: clean energy credits and gift tax returns. Agency has 100+ legacy systems it can’t wrangle. Palantir’s pulled $200M+ in IRS contracts since 2014. AI-driven enforcement is here.

We had to fight our lead dev tooth and nail on this. He swore up and down that gains were only taxed when cashing out to fiat. He later admitted all his info came directly from previous client direction. Portfolio and tax software teams. People don't even know how cooked their numbers are

This doesn't surprise me one bit. I expect at least 90% of CT still thinks you only pay tax when you cash out to USD lol