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Cryptocurrency News
TheNewsCrypto
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US Senator Cynthia Lummis Introduces Pro-Crypto Tax Reform Bill
- US Senator Cynthia Lummis has introduced a pro-crypto tax reform bill to overhaul the digital asset taxation regime in the United States.
- The bill includes a de minimis exemption that would exclude crypto transactions of capital gains of $300 or less from taxation, with a yearly limit of $5,000.
- Senator Lummis aims to exempt crypto lending agreements and charitable donations made in digital assets from tax, while proposing to tax mining and staking rewards only upon sale.
- Lummis emphasizes that the legislation is designed to simplify regulations in line with the digital economy's operations and encourage innovation-friendly legislation in the U.S.
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Bravenewcoin
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Image Credit: Bravenewcoin
Optimism Price Prediction Could Potentially Soar if Resistance Breaks on Strong Volume
- Optimism (OP/USDT) is showing signs of recovery on hourly and daily charts, with resistance levels now under scrutiny by analysts and algorithms.
- Open Interest (OI) data aligned with price movements, peaking during the surge to $0.63 and falling during pullbacks, indicating cautious engagement from traders.
- An AI model predicts potential support at $0.554–$0.551 for OP/USDT, emphasizing the importance of confirmed reversal patterns for trading decisions.
- Technical indicators suggest a gradual recovery on the daily chart, with the RSI crossing above its moving average and the MACD showing positive signs, highlighting the need for sustained price action and volume for further gains.
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Bitcoinist
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Image Credit: Bitcoinist
Trump’s Crypto Empire: Over $620 Million Earned, Reports Say
- US President Donald Trump's crypto ventures have reportedly added over $620 million to his fortune in recent months, constituting around 9% of his estimated $6 billion net worth.
- The majority of these earnings, approximately $390 million, are attributed to token sales by World Liberty Financial, a family-backed firm, with Trump and his sons holding a significant amount of governance tokens valued at over $2 billion.
- Apart from crypto ventures, the Trump family also has stakes in companies like American Bitcoin and has been involved in major deals, including a $2 billion trade facilitated by WLFI's token.
- While real estate and Truth Social continue to be significant parts of Trump's empire, his recent involvement in crypto projects has raised concerns about potential conflicts of interest and ethical considerations.
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Pymnts
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Image Credit: Pymnts
Amundi Chief Investment Officer Says Stablecoins Threaten Global Payment System
- Amundi Asset Management Group's Chief Investment Officer Vincent Mortier believes the surge in dollar-backed stablecoins could destabilize the global payment system.
- Mortier expressed concerns that stablecoins could shift money flows, weaken the U.S. dollar, and function as 'quasi-banks' with potential repercussions for the global payment infrastructure.
- As U.S. lawmakers advance the GENIUS Act to regulate stablecoins, concerns about illicit finance risks associated with stablecoins have been raised by entities like the Financial Action Task Force and the Bank for International Settlements.
- Stablecoins face challenges related to regulatory oversight, financial stability, and user experience, according to industry experts and reports.
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Livebitcoinnews
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Image Credit: Livebitcoinnews
Bahrain Unveils First Stablecoin Issuance Rules
- Bahrain has unveiled its first stablecoin issuance rules through the Central Bank of Bahrain (CBB) to ensure safety and innovation in digital assets.
- The rules demand a 1:1 reserve ratio for stablecoins, strict regulations including annual audits, cyberattack safeguards, and robust internal controls.
- Only licensed companies meeting specific requirements can issue stablecoins, with transparency, good governance, risk management, and secure IT frameworks.
- Unique to Bahrain are opportunities for yield-bearing stablecoins such as Bahrain Dinar, US Dollar stablecoins, and Sharia-compliant stablecoins, fostering safety and attracting investors.
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Bravenewcoin
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Image Credit: Bravenewcoin
Bitcoin (BTC) Price Prediction: Bitcoin Price Now Treats $110K as Support After Saylor’s “Top Gun” Tweet—Is $150K Next?
- Bitcoin's price has surged to over $110,000, with strong institutional demand and a bullish endorsement from Michael Saylor contributing to the rally.
- Chart analysts speculate Bitcoin could reach $150,000, with $115,000 as the next major resistance level to watch.
- Institutional factors like Saylor's tweet, ETF inflows, and corporate treasury adoption are fueling the positive sentiment around Bitcoin.
- Experts see Bitcoin as a hedge against inflation and predict a bullish forecast for the cryptocurrency's price, possibly hitting $150,000 before 2026.
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TheCryptoBasic
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364
Image Credit: TheCryptoBasic
Here’s XRP Price if the Whole World is Tokenized and XRP Captures 1% of Its Value
- XRP could see significant price growth if it captures 1% of the value in a tokenized global economy, with projections ranging from $18 to $90 per XRP token.
- There is increasing interest in blockchain and tokenization, with projections suggesting the entire global economy might transition to tokenized systems in the future.
- Data shows substantial growth in the tokenized real-world asset market, with estimates indicating it could reach trillions of dollars by 2030 and beyond.
- Major financial institutions like BlackRock, JPMorgan, and Goldman Sachs are actively involved in deploying tokenized products, signaling a significant shift towards tokenization in the finance sector.
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Bravenewcoin
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Image Credit: Bravenewcoin
Ripple Seeks a U.S. Bank Charter—Is Now a Good Time to Buy Crypto and Load Up on XRP?
- Ripple has filed for a national bank charter with the OCC, seeking credibility and regulatory oversight.
- Applying for the bank charter could help Ripple move towards essential plumbing in finance, partnering with the OCC and the Fed.
- The move by Ripple follows Circle's filing for a national trust bank, as part of an increasing trend to seek regulatory approval.
- While XRP price has slightly increased, the long-term impact of regulatory approval on the cryptocurrency market remains uncertain.
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Intelalley
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GFO-X, LCH DigitalAssetClear ‘Unlock’ Digital Assets
- GFO-X, a UK-regulated digital asset trading venue, aims to boost institutional use of crypto.
- It offers bitcoin index futures and options with high-speed matching engine for institutions.
- LCH DigitalAssetClear provides central clearing for secure trading of bitcoin futures and options.
- Partnerships and streaming prices enhance GFO-X's position as a leader in digital assets.
- Industry sees potential in growing liquidity, market confidence, and institutional adoption of crypto assets.
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Bravenewcoin
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Image Credit: Bravenewcoin
Bhutan Goes All-In on Binance Pay: Is Now the Right Time to Buy Crypto?
- Bhutan has integrated crypto as a core element of its economic framework with over 1,000 local merchants accepting crypto payments through Binance Pay's zero-fee model.
- Crypto tourists in Bhutan spend three times more on average than conventional tourists, and the use of crypto for transactions is making the ecosystem economically efficient and attractive.
- Bhutan aims to boost tourism with high-value travelers by leveraging Binance Pay, shifting from speculative crypto use to solid financial infrastructure.
- Bhutan is embracing crypto as a core industry, aligning with its Gross National Happiness philosophy, though connectivity issues pose challenges for seamless transactions. Investors are eyeing platforms like Binance's BNB and Bitcoin for solid value amidst Bhutan's crypto-friendly environment.
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TechBullion
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Polkadot (DOT) Price Pushes to Levels Last Seen Almost 5 Years Ago, a DeFi Gem Could Skyrocket 30x
- Polkadot (DOT) has reached price levels not seen since mid-2020, signaling renewed interest in long-term potential and network development.
- Mutuum Finance (MUTM) is attracting attention as a potential DeFi gem with its presale price of $0.03 and innovative lending and borrowing ecosystem.
- MUTM features Peer-to-Contract (P2C) and Peer-to-Peer (P2P) lending models, offering mtTokens for lenders to accrue value and earn dividends.
- The integral component of Mutuum Finance is its stablecoin system designed to maintain a $1 value through an overcollateralized model, ensuring protocol revenue and liquidity stability.
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Bitcoinist
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105
Image Credit: Bitcoinist
Is An XRP ETF Next After The Solana ETF Launch? Experts Answer
- Bloomberg analysts are suggesting that an XRP ETF could be the next to launch following the recent Solana ETF launch in the US.
- REX-Osprey launched a Solana staking ETF on July 2, making SOL the third crypto asset to have a spot ETF in the US.
- Experts predict that a spot XRP ETF is likely to be approved by the SEC after the recent approval of the Grayscale Digital Large Cap Fund.
- Traders are anticipating an XRP ETF approval before a Litecoin ETF, with data showing higher approval odds for XRP compared to other altcoin ETFs by year-end.
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Bitcoinmagazine
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105
Bitcoin Miner Riot Produces 450 Bitcoin In June
- Riot Platforms, Inc. reported producing 450 Bitcoin in June 2025, showing a 12% decrease from May but a 76% increase compared to the previous year.
- The company sold 397 Bitcoin for $41.7 million, a 21% decrease in volume compared to May but at a higher average price per coin of $105,071.
- Riot's average operating hash rate decreased by 5% month-over-month to 29.8 EH/s but remained 162% higher than a year ago.
- CEO Jason Les mentioned that the power strategy, including participation in demand response programs, contributes to grid stability and enhances Riot's competitive positioning.
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Insider
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Image Credit: Insider
Anduril CEO Palmer Luckey's new digital banking startup set to be valued at $2 billion, sources say
- Palmer Luckey, founder of Anduril Industries and Oculus, is launching a new digital bank named Erebor for startups and cryptocurrency companies.
- Erebor is set to raise at least $225 million at a $2 billion valuation, with backing from Founders Fund and 8VC.
- The startup, inspired by JRR Tolkien's 'The Lord of the Rings,' plans to provide services like crypto-collateralized lending.
- The involvement of backers who have supported President Trump comes as the Trump administration shows interest in the cryptocurrency industry.
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TheNewsCrypto
3w
359
Pepe (PEPE) Price Prediction 2025, 2026-2030
- Bullish PEPE price prediction for 2025 ranges from $0.00001498 to $0.00002186.
- Bearish prediction for 2025 is $0.00000689, with potential rise to $0.0001.
- Analysis includes support, resistance levels, technical indicators, and comparison with BTC, ETH.
- 2026-2030 predictions suggest prices ranging from $0.0003 to $0.0000007.
- Pepe (PEPE) price forecast utilizes technical indicators and trend patterns for future predictions.
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