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Cryptocurrency News
Blockonomi
3w
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Image Credit: Blockonomi
US Senate Passes Resolution Repealing IRS DeFi Rule, Now It Heads to Trump
- The U.S. Senate has passed the Congressional Review Act (CRA) resolution aimed at repealing an Internal Revenue Service (IRS) rule imposing tax reporting requirements on decentralized finance (DeFi) platforms.
- The resolution, introduced by Representative Mike Carey, passed with bipartisan support and now heads to President Donald Trump for his signature.
- The White House has expressed strong support for the resolution, criticizing the Biden-era rule for stifling innovation, compromising taxpayer privacy, and burdening the DeFi sector.
- If signed into law, the CRA measure would prevent the IRS rule from taking effect and allow DeFi platforms to operate without the proposed reporting requirements.
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Coinpedia
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413
Image Credit: Coinpedia
Wyoming to Launch First US State-Issued Stablecoin – What You Need to Know
- Wyoming is set to launch the first fiat-backed stablecoin issued by a U.S. state called the Wyoming Stable Token (WYST). It will be fully backed by U.S. Treasuries, cash, and repurchase agreements.
- WYST is currently being tested on multiple blockchain networks, including Avalanche, Solana, Ethereum, Arbitrum, Optimism, Polygon, and Coinbase’s Base. The testing phase is expected to continue through Q2, with a potential full-scale launch in July.
- WYST aims to provide near-instant transactions at lower costs compared to traditional banking methods.
- The stablecoin market has gained momentum with a total market value of nearly $230 billion, and institutions like Fidelity Investments and World Liberty Financial (WLFI) showing interest in developing their own stablecoins.
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TheNewsCrypto
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Image Credit: TheNewsCrypto
Donald Trump Set to End IRS DeFi Tax Rule After Senate Vote
- The U.S. Senate voted to repeal a controversial tax rule targeting decentralized finance (DeFi) platforms.
- Crypto advocacy organizations celebrate the repeal, hoping for the permanent removal of the rule.
- DeFi platforms relieved from new IRS reporting rules, easing regulatory pressure.
- The repeal measure moves to President Donald Trump’s desk for approval.
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Coinpedia
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36
Image Credit: Coinpedia
Crypto Analyst Dumps 24 Altcoins Amid Market Uncertainty – Here’s the List
- Crypto analyst VirtualBacon has reduced his altcoin holdings due to expected market uncertainties.
- He now focuses on Bitcoin, Ethereum, Solana, and a small selection of established altcoins.
- VirtualBacon predicts a bullish crypto market in 2025 but advises a cautious, low-risk strategy.
- He has sold 24 altcoins from his portfolio and still holds Bitcoin, Ethereum, Solana, Stablecoins, and 12 other altcoins.
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TheNewsCrypto
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365
Image Credit: TheNewsCrypto
HYPE Token Drops 10% as Hyperliquid Struggles with Market Backlash
- Hyperliquid's USDC reserves dropped from $2.58B to $2.02B after the JELLY controversy.
- HYPE token fell 10% in 24 hours, with trading volume surging 443%.
- Bitget CEO criticized Hyperliquid's actions, likening it to FTX.
- Hyperliquid grapples with $340 million in USDC outflows following fallout from the JELLY token controversy.
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Bitcoinist
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246
Image Credit: Bitcoinist
North Carolina Pushes for Crypto Exposure in Public Pension Funds with New Legislation
- Lawmakers in North Carolina have proposed legislation to allow the allocation of public retirement funds into digital assets, including cryptocurrencies.
- The bills propose the creation of the North Carolina Investment Authority to evaluate and manage investments in digital assets.
- The legislation does not establish specific market capitalization thresholds but allows the Investment Authority to determine the suitability of assets based on risk and potential returns.
- If passed, this initiative could serve as a model for other US states seeking to modernize public investment strategies.
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TronWeekly
3w
259
Image Credit: TronWeekly
Dogecoin Price Prediction Looks Bearish but Holders Are Taking the Sharp Approach for 100x Gains on FXGuys ($FXG)
- Dogecoin (DOGE) sentiment is negative and new interest in DOGE is falling, leading to a bearish price prediction.
- Dogecoin price has already fallen over 13% in the past week and experts expect more dips.
- DOGE holders are turning to the promising new crypto trading platform FXGuys, offering 100x gains for early investors.
- FXGuys brings utility, same-day payouts, a prop firm with access to funds and profit split, AI tools, and two reward programs.
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TheNewsCrypto
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193
Image Credit: TheNewsCrypto
Aptos’ Largest Liquid Staking Protocol, Amnis Finance, Becomes the First Project Participating in the LFM Program
- Amnis Finance, the largest liquid staking protocol on the Aptos blockchain, becomes the first project participating in the LFM program.
- The LFM program by Aptos Foundation supports leading projects in their Token Generation Event (TGE) preparations.
- Amnis Finance has leveraged the LFM program's resources to enhance the protocol's growth and maturation.
- ByBit and MEXC have made the AMI token available, expanding its accessibility and community support.
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Zycrypto
3w
88
Image Credit: Zycrypto
$100,000 BTC Price in View as Bitcoin Taps $88,000 Amid Massive Whale Accumulation
- Bitcoin has made a slow but progressive upward run, briefly tapping $88,350.
- Whale accumulation of Bitcoin suggests renewed demand and positive sentiment.
- Bitcoin miners have been holding onto their holdings, indicating an attractive indicator for trades and investors.
- The outlook for Bitcoin remains bullish, with $90,000 as a potential price target.
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TronWeekly
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286
Image Credit: TronWeekly
How Web3 Gaming Is Evolving
- Web3 gaming has evolved significantly, with a focus on enhancing user experience and gameplay.
- Cryptocurrency adoption allows for easier and more private transactions in gaming, appealing to players seeking security.
- Game quality is enhanced by implementing player feedback and suggestions in game development.
- Big game studios are introducing AAA titles in the Web3 space with blockchain technology for improved speed and trust.
- Blockchain tech enables true digital ownership of in-game assets and cross-game asset movement.
- Play-to-earn models have evolved to focus on sustainable in-game economies and genuine value, moving away from quick profit schemes.
- Integration of VR, AR, and high-end graphics in Web3 games enhances player immersion and visual experience.
- Cloud-based systems and AI technology contribute to the creation of realistic graphics and detailed settings.
- Overall, Web3 gaming reflects advancements in user experience, ownership transparency, graphics quality, and sustainable economies.
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17 Likes
Coinpedia
3w
145
Image Credit: Coinpedia
Why XRP Price Is Down Today: Key Factors Behind the Sudden Drop
- XRP price dropped 4% due to weak whale demand and profit-taking after the SEC case closure.
- A reversal above $2.5 could fuel a breakout, but failing support at $1.9-$2 may push prices lower.
- XRP's long-term fundamental outlook remains bullish based on legal clarity and institutional adoption.
- XRP price may retest the major support range between $1.9 and $2.
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8 Likes
Cryptopotato
3w
88
Image Credit: Cryptopotato
Bitcoin (BTC) Stability is Key to a Curve DAO (CRV) Rally: Analyst
- The Curve DAO token (CRV) rally is dependent on Bitcoin's stability.
- CRV faces a critical resistance zone, and a breakthrough could send the token soaring beyond $2.
- However, if Bitcoin drops below $80,000, the CRV rally may be derailed.
- CRV has gained 30% in the past month, while Bitcoin's performance remains key for broader market sentiment.
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TheNewsCrypto
3w
158
Image Credit: TheNewsCrypto
Maker (MKR) Rallies 8%, Eyeing Key $1.5K Resistance Level
- Maker (MKR) has rallied over 8% and is currently trading around $1.4K.
- MKR's daily trading volume has surged by over 184%.
- Maker's price has seen a 12.63% surge in the last seven days, with a potential breakout above $1.5K.
- The Relative Strength Index (RSI) suggests MKR is overbought, and the Bull Bear Power (BBP) indicates strong bullish momentum.
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NullTX
3w
39
Image Credit: NullTX
PumpFun Deposits $7.81 Million in $SOL to Kraken as Total Holdings Soar to $469.1 Million
- Solana ($SOL) deposited $7.81 million worth of $SOL into Kraken, increasing total holdings to $469.1 million.
- This deposit of 54,113 $SOL tokens is part of PumpFun actively managing and expanding its crypto portfolio.
- PumpFun has sent 1,573,313 $SOL, valued at $293.26 million, to Kraken in 2025 alone.
- The company now holds 3,232,101 $SOL tokens, translating to a valuation exceeding 3/4 of a billion dollars.
- PumpFun's co-founder, Alon, revealed plans for a Creator Revenue Sharing feature to redefine the creator experience on the platform.
- PumpFun reinvests revenues into product development, focusing on building a sustainable business model rather than immediate profits.
- With a team of 45-50 individuals primarily focused on engineering, PumpFun is strategically investing in technical development.
- PumpFun's vision aims to empower creators through features like Creator Revenue Sharing and foster collaboration within the ecosystem.
- The company's strategic investment in $SOL underscores its confidence in Solana's potential as a reliable blockchain platform.
- PumpFun's continual growth, innovative product development, and focus on reinvestment position it as a significant player in the blockchain space.
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NullTX
3w
110
Image Credit: NullTX
Whale Sells $457K Worth of EIGEN Amidst Major Losses After Price Decline
- Whale 0xce0 recently sold $7.81 million worth of Solana ($SOL) into Kraken exchange as part of its crypto portfolio management.
- The whale has been involved in various crypto moves, including a recent transaction of 54,113 EIGEN tokens.
- Whale 0xce0 made significant investments in EIGEN, acquiring 772,450 tokens for $2.9 million, staking them for rewards.
- Despite initially promising, EIGEN's price dropped by 69% over 5.5 months, leading Whale 0xce0 to unstake and sell a portion of tokens.
- The recent sale of 780,132 EIGEN tokens at an average price of $1.178 resulted in a loss for Whale 0xce0.
- This move demonstrates the volatility of the crypto market and the risks associated with trading cryptocurrencies.
- Whale 0xce0's decisions may influence market sentiments towards tokens like EIGEN, impacting prices and investor confidence.
- Factors like low liquidity, market sentiment shifts, and broader DeFi trends can contribute to price drops in tokens like EIGEN.
- The recent sale of 389,523 EIGEN tokens for $457,000 by Whale 0xce0 underscores the unpredictable nature of cryptocurrency markets.
- The losses incurred by Whale 0xce0 serve as a cautionary tale, highlighting the importance of research and risk management in crypto investments.
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