Cryptonews

Bitcoin’s reign is not merely a matter of price, which hovers tantalizingly close to the mystical $110,000 mark, but a testament to the growing fascination with its role in the grand tapestry of investment strategies. From the daring souls who use it as collateral for loans, to the steadfast believers in dollar-cost averaging, and the visionaries who see it as a beacon of long-term value, the debates rage on. And let us not forget the ever-expanding realm of decentralized finance (DeFi), where Bitcoin is increasingly seen as the key to unlocking new financial frontiers, especially when it comes to repaying loans with the spoils of its price gains. 🚀

This 12-week extravaganza will focus on the crème de la crème of crypto: real-world asset (RWA) tokenization, institutional decentralized finance (DeFi), and AI-powered blockchain applications 🤖. And, sweethearts, selected projects could receive up to $200,000 in funding to turn their ideas into reality 💸.

House Finance Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and Speaker Mike Johnson stood proudly on Thursday to announce their plans to wade through a crypto market structure bill, a stablecoin bill, and of course, the ever-so-popular central bank digital currency (CBDC) bill. Truly, it’s the summer blockbuster you never asked for. 🍿

VICTORY: The One Big Beautiful Bill Passes U.S. Congress, Heads to President Trump’s Desk 🇺🇸🎉

As the market nears its final resolution, allegations of manipulation have shaken user confidence and exposed structural concerns in decentralized dispute systems. 😱

The legislation also gets practical with a new tax schedule for crypto miners and stakers. Instead of being taxed the moment they receive new tokens, they’ll only pay up when they actually sell the assets. This helps avoid those pesky bills on income that’s still just a twinkle in the blockchain’s eye. 🌟

Top analyst Axel Adler, who I’m sure is a real person and not just a name they made up, shared some data. Apparently, open interest (OI) has gone from -9% to +5% in the last 30 days. That’s like when I finally got around to cleaning my apartment after months of neglect. It’s a start, but it’s not exactly a party. 🎉

According to a recent Bloomberg report, the iShares Bitcoin Trust (IBIT) is now generating more annual fee revenue than BlackRock’s flagship iShares Core S&P 500 ETF (IVV), despite managing far fewer assets. It’s as if a small, scrappy theater troupe suddenly outdrew the grand opera. 🎭

The concern stems from reports that some crypto firms, including major exchanges, are seeking to launch tokenized versions of stocks using SEC no-action relief — a process where the agency agrees not to pursue enforcement without officially endorsing the activity. It’s like getting a wink and a nod from the principal without actually being called to the office.

For U.S. users, every sat spent on groceries currently demands a capital-gain calculation. That’s insane for a network that can split a Bitcoin into 100 million units. The bill’s $300 buffer borrows from the existing foreign-currency exemption, acknowledging that nobody tracks penny-level FX gains when they swipe a Visa in Paris. 🍷🌍