President Biden unveiled his budget plan for fiscal year 2025 in March, which included modifications to how federal law applies to cryptocurrencies. Three key adjustments were suggested. Some of these changes are beneficial, like applying current securities laws to digital currencies. However, there’s a less favorable proposal: imposing a unique tax on crypto mining activities. … Read more
BTC spot ETF saw an outflow of over $200 million. Exchange netflow was dominated by positive flow. After gaining regulatory approval for Bitcoin [BTC] ETFs in the United States, there has been a significant increase in Bitcoin‘s trading volume. With the price of Bitcoin looking set to surpass its previous record high, the investment in … Read more
Deputy Treasury Secretary of the United States, Adewale Adeyemo, emphasized the need for expanded authority for his department during an appearance before the Senate Banking Committee on April 9. At a hearing focused on thwarting illicit finance, terrorism funding, and sanctions evasion using cryptocurrencies, Adeyemo presented three suggested reforms to strengthen U.S. enforcement actions against … Read more
Historical design shown by the MVRV ratio, led ETH to bounce. While traders booked some profits, the OI indicated that more was close. On April 8th, Ethereum [ETH] bucked the trend of being considered a sluggish performer in this market cycle. Its market value surged by more than 9%, reaching a staggering $440 billion. In … Read more
Coinbase CLO urges swift action to address illicit finance concerns. U.S. Treasury Deputy Secretary highlights increasing terrorist reliance on virtual assets. Stablecoins serve as crucial connectors between the traditional money system and the digital currency world, maintaining a consistent value tied to the US dollar. With increasing popularity comes growing apprehension regarding potential misuse in … Read more
Users were concerned over Solana’s transaction failures. A big chunk was still optimistic of Solana’s prospects in the near term. The price of Solana (SOL) fell beneath $180 following a 4% decrease in worth over the past 24 hours, according to information from CoinMarketCap. Bulls found it difficult to push back against growing negative sentiment … Read more