Early Friday, two wallets, labelled “12tLs…xj2me” and “1KbrS…AWJYm,” moved 20,000 BTC, worth over $2 billion, to new addresses, according to data tracked by blockchain sleuth Lookonchain. The addresses received these coins on April 3, 2011, when bitcoin was priced at around 78 cents.
In a surprising turn of events, the same day President Donald Trump’s “One Big Beautiful Bill” was passed, Republican House leaders decided to declare the week of July 14th as “Crypto Week”! 🎉 According to a press release by Arkansas House Republican French Hill, this week will feature a marathon review of three key pieces of crypto legislation. 📜
The MiCA legislation, which came into full force on December 30, 2024, is quite the game-changer. It is, without a doubt, the first truly comprehensive global regulatory framework for crypto-assets, service providers, and issuers. And while some exchanges were hesitant to sign up at first, it’s clear that getting licensed means:
As President Trump’s major bill is set to be signed on July 4, and lawmakers prepare to launch “Crypto Week” from July 14–18, the crypto community is abuzz with excitement. Three major bills, the CLARITY Act, Anti-CBDC Act, and GENIUS Act, will be discussed, and their passage could bring clear rules, block government-backed digital surveillance, and support crypto innovation. 🤔
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. 🌟
