Column | Trump’s tax break on tips has a catch. Here’s what to know. The Washington Post
source
Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.
XRP (Ripple) hovers near $3.00 as technical analysts spot a symmetrical triangle that could trigger massive price swings in either direction.
XRP (Ripple) finds itself at a critical juncture, trading sideways near $3.00 while a symmetrical triangle pattern builds pressure for an explosive breakout. The cryptocurrency has been consolidating between $2.85 and $2.90, down from recent highs above $3.00, as traders await the next big move.
Market sentiment is split. Bulls are eyeing a breakout toward $3.30–$3.50, while bears warn that a breakdown could send XRP tumbling to $2.70 or worse. With trading volumes cooling off, all signs point to a massive move brewing.
XRP is currently stuck between support at $2.70 and resistance around $2.90-$3.00. Trading volumes have dropped significantly, suggesting participants are waiting on the sidelines for clearer signals. Despite bullish catalysts, XRP has been dragged down by broader crypto weakness and Bitcoin's struggles.
The $2.70 level has become absolutely crucial – it's keeping the bullish narrative alive. On-chain data shows declining open interest, which could mean short-term capitulation or a healthy reset before the next move.
Adding fuel to the fire, the SEC's updated listing criteria could make it easier to approve spot XRP ETFs, though experts warn against expecting immediate pumps from ETF launches.
If XRP breaks through $2.90-$3.00 resistance, targets quickly jump to $3.30-$3.50. A clean breakout could unleash serious momentum and draw fresh money waiting on the sidelines.
DeepSeek AI projects XRP could potentially quadruple from current levels by late 2025, with best-case scenarios hitting $9. This is based on expanding XRP Ledger adoption, growing demand for Ripple's cross-border solutions, and potential institutional ETF interest.
If the triangle breaks upward, short squeezes could accelerate the move toward $4.50-$5.00 and beyond.
If that crucial $2.70 support gives way, XRP could face serious trouble. A breakdown opens the door to $2.50 or lower, with analysts eyeing the $2.33 area as a potential target.
The biggest risk is broader crypto market instability. When Bitcoin and Ethereum crash, they drag everything down regardless of individual fundamentals. Plus, retail investors who bought near recent highs might panic sell if things get ugly.
If speculative positioning gets too one-sided, even minor bad news could trigger nasty reversals that catch leveraged traders off guard.
The bottom line? XRP is coiled between $2.70 and $3.00, and when it breaks, it's going to move fast and hard in whichever direction wins out.
Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.
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It rains in Disney World. A LOT.
If you’re visiting in the late summer, especially, it might rain every single day of your trip. And though you might be able to take a break from the parks if it’s raining one day, you won’t want to miss a huge chunk of EVERY day due to weather — you’ve got to get your money’s worth! Thus, the poncho princess was invented.
Recently, we shared a video of Sage dancing in the rain on Main Street, U.S.A. (you know, as one does), and a follower left a comment that coined a new phrase for us!
Our follower @travel.destinations.by.amanda called herself a “Poncho Princess,” saying she doesn’t stop her park day when the rain starts! And you know what? We love that attitude.
So we’re here to tell you what a Poncho Princess does when it starts raining…and spoiler alert — it sounds like a really fun park day!
This may seem obvious, but when the rain starts kicking up in Disney World, the first thing a Poncho Princess will do is whip out their trusty poncho. Now, there are a few different options for purchasing a poncho. You could get dollar-store ponchos and keep multiple on hand so you always have a dry one at the ready.
You could also go for a fancier poncho that’ll last you through multiple rewears. Our favorite one recently has been the Frogg Toggs Poncho that you can snag on Amazon. Multiple members of our team own one, and we love it! It comes with a little storage bag so all your stuff doesn’t get wet, and you don’t feel like you’re wearing a trash bag when you have it on!
Of course, if you forget the poncho ahead of time, you can always snag one in Disney gift shops. They’re a little overpriced, but they’re better than nothing!
GET YOUR PONCHO HERE
Now, if you’re going to all the trouble of wearing the poncho, you’ll want to actually keep yourself AND your belongings dry. This means Poncho Princesses are putting their backpacks and purses UNDERNEATH the cover of the poncho. They’re roomy for a reason, people!
And if you’re a Poncho Princess who’s really prepared, you might even have these protective shoe covers. We wear them on rainy days, and they’re a lifesaver if you hate wet socks.
A Poncho Princess knows there’s no point in putting on a poncho now if you’re just going to wear a soaking wet bag later. Think ahead!
GET YOUR SHOE COVERS HERE
Let a little (or a lot of) rain get you down? No way! The Poncho Princess knows that when the weather starts to get gloomy, it’s time to suit up and go on about their day. Sure, some outdoor attractions may close if there’s lightning in the area, but there will still be plenty of rides to ride, shows to watch, snacks to eat, and a theme park to explore!
And you know what? If you’re already getting wet, it seems like the perfect time to ride Tiana’s Bayou Adventure or Kali River Rapids. Why not?! (As long as there’s no lightning and they’re still open.)
The parks don’t close for a thunderstorm (only if there’s a major hurricane), so you’ll still be able to go on about your day as usual. Albeit a little damp. You can still have a great time!
And of course, if you’re going to have a fun-filled rainy day in the theme parks, then you need to snap a picture of it! There’s something fun and whimsical about a goofy poncho picture in front of the park icons. It’s the “ahh, yes, we’ve all been there” feeling.
It shows that you roll with the punches and can go with the flow to have a good time. Plus, we’re sure all of your followers would love a video of you dancing in the rain in front of the Tree of Life. Bonus points if you set it to “Africa” by Toto.
So there you go — the life of a Poncho Princess. Are you this type of person, or do you avoid the rain at all costs? Tell us in the comments!
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The Treasury Department and the Internal Revenue Service recently proposed regulations identifying the occupations that customarily and regularly received tips before 2025 and that were eligible for a tax deduction.
“To this day, tens of millions of Americans depend on tips to feed their families, pay their rent, and make ends meet,” Secretary of the Treasury Scott Bessent said.
The proposed regulations also define “qualified tips” and other requirements taxpayers must comply with to claim the deduction.
The No Tax on Tips provision was enacted with the One Big Beautiful Bill Act. It allows employees and the self-employed to deduct up to $25,000 of qualified tips received in a year per return.
The deduction is available to eligible taxpayers who itemize their deductions and those who do not itemize and take the standard deduction. The deduction can be claimed on the 2025 tax return.
The deduction is available for taxpayers with incomes up to $150,000 annually or $300,000 if filing jointly.
“Through forward-thinking policies like No Tax on Tips, the president is boosting paychecks for America’s working families,” Bessent said. “This is critical to our goal of achieving parallel prosperity by building an economy where Main Street and Wall Street grow together. All workers deserve an equal chance to pursue the American Dream.”
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Follow real-time updates and key trends shaping the crypto market today, on Sept. 24.
Leading altcoins faced the sharpest selling pressure, which dragged the crypto market cap down to $3.88 trillion on Sept. 24. Let’s take a look at other real-time market updates today!
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Julia is an experienced content writer. She works with various topics and business domains, including but not limited to blockchain, cryptocurrencies, AI, and software development. Her articles are regularly featured on reputable news websites and IT business portals. Currently, Julia is the Senior EU Editor at Coinspeaker.
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We've verified video from Salavat in Russia showing a large plume of smoke coming from an oil refinery following a reported Ukrainian drone attack
Our specialists are also investigating an apparent attack near a former market, which is now a rubbish dump, in Gaza City that local reports say has killed at least 17 people
And we're seeing dramatic videos from Hong Kong and mainland China showing the impact of Super Typhoon Ragasa
BBC Verify uses open-source intelligence, satellite imagery, fact-checking and data analysis to help report complex stories
This feed is where we post our work throughout the day
Get in touch with us by following this link
Edited by Rob Corp
Peter Mwai
BBC Verify senior journalist
New satellite imagery shows the devastation caused by a drone strike on worshippers at a mosque in the besieged Sudanese city of El-Fasher in North Darfur.
Reports say at least 75 people were killed in the attack on 19 September, although this figure hasn’t been idependently verified.
The latest satellite image by Maxar was captured on Monday – and comparing it with one from 18 September the full extent of the destruction is laid bare.
The attack appears to have hit directly in the centre of the mosque, levelling most of the main structure. The image also shows the debris, seen as white spots, scattered across the mosque’s grounds and the surrounding area.
Researchers from Yale University say the destruction is consistent “with an air-delivered munition” and the fact that most of the debris spray was towards the north-west indicates the explosive was fired at the building from the south.
The Sudanese army has accused the paramilitary Rapid Support Forces (RSF) of being behind the attack. The RSF, which has laid siege to the city for the past 15 months, is yet to respond to the accusation.
Yi Ma and Adam Durbin
BBC Verify
Super Typhoon Ragasa has reached Hong Kong, Macau, and southern China after taking at least 15 lives in Taiwan yesterday. The Hong Kong Observatory issued its highest level storm warning in the early hours of the morning local time.
People in Hong Kong have been recording the impact of the strongest typhoon of the year so far and sharing their footage online. We’re working to check they are not from previous tropical storms as we do see old footage being passed off as new during breaking news stories.
Several verified clips filmed from a residential highrise in the Heng Fa Chuen area of the city show high waves crashing onto the footpath. We were able to geolocate it by matching the building structures and footpath track seen in the video with Google Maps’ Street View ground-level coverage.
Another CCTV video from inside a restaurant shows water smashing in a door before it surges inside, tossing furniture around the room and dragging some outside as the flood recedes. The video matches customer photos posted online of the furniture and decor of the restaurant.
We’ve also seen footage of people in Macau using buckets and their hands to try and catch fish swept into flooded streets.
As Super Typhoon Ragasa continues to head westward towards Jiangyang City in mainland China intense wind and heavy rainfall is still forecast for Hong Kong until 20:00 local time (13:00 BST).
We are continuing to monitor and verify footage of the storm – and will bring you any updates of what we see.
Tom Edgington
BBC Verify senior journalist
The new Work and Pensions Secretary, Pat McFadden, has been speaking to broadcasters this morning where he outlined plans to double the number of youth hubs, external which are aimed at getting more young people into work or training. During an interview with Sky News McFadden acknowledged that UK youth unemployment was “too high”.
According to the latest official figures, external, 621,000 young people aged 16-to-24 were unemployed in May to July. This was 3,000 more than the previous year.
Although the absolute number has increased, the youth unemployment rate has fallen slightly: it’s currently at 13.8% which is down from 14.3% the year before. However, this is still much higher than the unemployment rate for everyone over 16, external, which stands at 4.7%.
Youth unemployment peaked at 22.5% in 2011 following the 2008 financial crisis, according to the House of Commons Library, external. 
Paul Brown
BBC Verify senior journalist
We’re looking into footage said to show the aftermath of a strike on a building near a former market in the centre of Gaza City.
In the graphic video, people can be seen digging through rubble with their hands to recover a body and body parts. The footage, posted on Instagram this morning, includes shots of some buildings which are identifiable on satellite imagery to confirm the location.
Palestinian social media channels, citing hospital officials, report a death toll of 17 from the attack. The market, one of the oldest in Gaza City, was largely dismantled shortly after the war began. It is now little more than a large rubbish dump, with some encampments for displaced people nearby.
Last month, press photographers captured Palestinians sifting through the rubbish in search of food. In one of these pictures a minaret of a nearby mosque can be seen, which is also visible in this morning’s footage.
The Israeli military has been approached for comment.
A press photograph captured people searching the dump for food – the minaret is also visible in footage we verified today
Thomas Copeland
BBC Verify Live journalist
The BBC Verify team in Washington DC were listening to President Donald Trump’s speech at the United Nations General Assembly yesterday.
It was a wide-ranging address – here’s three things he said that they fact-checked.
Has Trump really ‘ended seven unendable wars’?
The president listed “wars” he claims to have ended as being between: Israel and Iran, Pakistan and India, Rwanda and the Democratic Republic of Congo (DRC), Thailand and Cambodia, Armenia and Azerbaijan, Egypt and Ethiopia and Serbia and Kosovo.
A number of these “wars” lasted just days and it is unclear whether some of the peace deals will hold.
While Trump claimed “talks mediated by the United States” ended a four-day conflict between India and Pakistan, the government in New Delhi has played down the role of the US.
In June, the US hit nuclear sites in Iran – a move seen as ending 12 days of hostilities with Israel, but experts say there has been no permanent peace agreement.
'Sharia law' in London
The Mayor of London featured in the speech with Trump calling Sadiq Khan “a terrible mayor – terrible, terrible mayor. Now they want to go to Sharia law."
False claims like this one have circulated for years on social media and a spokesperson for Khan told the BBC: "We are not going to dignify his appalling and bigoted comments with a response."
Sharia law is an Islamic legal system and Sharia councils do exist in the UK – there were an estimated 85 across the UK in 2009, according to one think tank. Most of their work deals with marriage and financial arbitration between Muslims but the UK government has been clear, external that their rulings are "not legally binding".
Has illegal immigration into the US ‘totally stopped’?
“In fact they’re not even coming anymore because they know they can’t get through,” Trump went on to say about illegal immigrants.
Since he took office, figures from US Customs and Border Protection do show a significant fall in apprehensions of illegal migrants – but not to zero. Total monthly apprehensions dropped from 28,728 in January 2025 to 5,456 in August, external.
Trump also claimed that under the previous Biden administration “millions of people were pouring in. Twenty-five million altogether”. Border crossings did reach record levels under President Joe Biden but Trump’s figures are exaggerated.
The Department of Homeland Security estimates there were 11 million “border encounters” during Biden’s time in office.
Fact-checks by Joshua Cheetham, Nick Beake and Rupert Carey
Sherie Ryder and Paul Brown
BBC Verify
This screengrab from a street in the city shows a dense cloud of smoke coming from the Gazprom refinery
This morning we’ve been assessing newly emerged footage showing a fire at an oil refinery in the city of Salavat in Bashkortostan, Russia – about 1,200km (750 miles) south-east of Moscow.
In one clip we see a huge thick billowing cloud of black smoke in the distance. By looking at the surrounding buildings in the footage we can see where they are on publicly available satellite mapping from Google and its Russian equivalent Yandex to confirm the location.
Another clip, showing smoke rising in the distance, was filmed from a building near a main roundabout off Ulitsa Pervomayskaya Street. We carried out reverse image searches of several screengrabs to ensure the footage we are seeing isn’t old.
Bashkortostan regional governor Radiy Khabirov posted on Telegram this morning that the Gazprom Neftekhim refinery had been hit by Ukrainian drones.
It’s not the first time the site has been targeted as less than a week ago, on 18 September, there was a massive explosion there following two drone strikes. No casualties were reported.
Rob Corp
BBC Verify Live editor
Hello – welcome to today’s live page where we show how the team works to verify video and check facts on the day’s news stories.
This morning we’re working on verifying footage apparently showing a major fire at a petrochemical facility in Salavat in Russia. The governor for the Bashkortostan region has posted on Telegram that the site was attacked by Ukrainian drones. So far we’ve checked and geolocated two videos that show a huge plume of thick, black smoke coming from the facility.
As the Israeli military continues its offensive in Gaza City, we’re seeing footage apparently showing the aftermath of a strike near a former market. Unverified reports say at least 17 people were killed at the site which is now a rubbish dump. We’ll bring you more about what we’ve found and have asked the Israel Defense Forces for comment.
Away from conflict coverage, Super Typhoon Ragasa has hit Hong Kong and the southern coast of mainland China after sweeping across Taiwan, where 14 people were killed – we’re gathering and checking videos showing the immense force of the storm.
And if you missed it last night – BBC Verify’s US team listened to President Donald Trump’s speech to the UN General Assembly. We’ll bring you three things he said that they fact-checked.
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UK-listed B HODL has acquired 100 Bitcoin, placing it alongside Smarter Web and Satsuma in the region.
B HODL Plc., a UK-listed Bitcoin BTC $112 980 24h volatility: 0.0% Market cap: $2.25 T Vol. 24h: $47.77 B treasury company, has announced its purchase of 100 BTC.
The purchase marks the start of the company’s Bitcoin treasury strategy, totaling $11.3 million with each BTC acquired at an average price of $113,227.
On September 24, B HODL kicked off its Bitcoin treasury strategy by acquiring 100 BTC at an average purchase price of £83,872, equivalent to $113,227. Altogether, the entire holdings were valued at £8.4 million or $11.3 million.
This acquisition is no small feat, as B HODL now has a position among the top 100 public Bitcoin treasury companies.
According to data from Bitcoin Treasuries, the company ranks 98 out of 100. This is a lofty achievement for a company that is just starting out in its Bitcoin acquisition journey.
Top UK-based firms like Smarter Web and Satsuma already have significantly larger Bitcoin holdings.
For example, Smarter Web holds as much as 2,525 BTC, worth $284.4 million, and ranks 29th globally but first in the UK. It is followed by Satsuma, which held up to 1,125.85 BTC as of August 6. The London-based AI infrastructure company had accepted 1,097.29 BTC from investors as part of funding.
At the time, Phoenix Digital Assets held down the third position with 247 BTC. Judging by these numbers, B HODL still has a long way to go if it plans to compete with its counterparts. Most of these companies are copying Michael Saylor’s Strategy Bitcoin playbook.
“The company remains focused on the disciplined acquisition of bitcoin to build a long-term strategic reserve that also powers B HODL’s Lightning Network operations,” B HODL stated.
Strategy is a long way from any of its competitors in terms of Bitcoin holdings. The business intelligence and software firm, which kick-started its Bitcoin acquisition and accumulation journey back in August 2020, holds the largest corporate Bitcoin stash.
It recently purchased 850 BTC, taking its entire holdings to 639,835 BTC. These total holdings are currently worth approximately $72 billion.
Bitcoin is currently trading at $112,730.03, with a 0.24% dip within the last 24 hours, a major shift that show injected capital is helping to hold the coin.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
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