Governments See Just 14% of $457B Crypto Tax
JUST (JST)
Editor:
Eugene Serbin
beincrypto.com reports that Chainalysis data places crypto taxable activity at $457 billion in 2025. However, only 14% of this volume is visible under CARF reporting rules. This limited visibility suggests a significant portion of taxable events remains outside current government tracking mechanisms. The data highlights a gap between actual economic activity and what authorities can currently monitor.
How the market reacted
Whalio's own Binance spot order flow for JST, measured when this story was written up on 26 August 2026. Not the outlet's figures.
JST is trading at $0.1008 with a 1-hour buy ratio of 64.4%, indicating strong short-term buying pressure. This contrasts with the 4-hour buy ratio of 41.7%, suggesting that recent momentum is outpacing the broader four-hour trend. The 1-hour volume delta is positive at +$9,136, showing immediate net inflows, while the 4-hour delta is negative at -$79,873, reflecting earlier outflows. Over the last 24 hours, the buy ratio sits at 53.3% with a positive volume delta of +$147,501, confirming that buying pressure has built up significantly over the full day. The Cumulative Volume Delta closed at +$237,317, and net buying occurred for 18 of the last 24 hours.
The latest daily buy ratio of 35.2% sits at the 0th percentile of the last 322 days, against a median of 52.2% - among the weakest buying days it has had.
Twenty-four hours later
What JST did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for JST, averaged over the days leading up to the story.
Over the preceding week, JST experienced a 7-day average buy ratio of 50.3%, with the latest day showing a 3.0 point increase over that average. However, the 24-hour spot volume of $2,217,215 is only 0.62x the weekly average, indicating lower trading activity than usual. The coin saw net buying on only 3 of the past 7 days, and the price dropped 4.6% over the 8-day period. The 8-day volume delta total was -$27,859, contrasting with the recent 24-hour positive delta. This suggests that while today's buying intensity is higher than the weekly average, the overall weekly trend remains weak with lower volume and a net outflow.