Author: NBTC
Describing current practices for taxing digital assets as “outdated,” Wyoming Senator Cynthia Lummis today introduced a new bill that aims to modernize cryptocurrency taxation. With this move, Lummis has brought the crypto-friendly regulations he has been advocating for a long time back to the Congressional agenda. The Republican senator’s new bill is almost identical to provisions President Donald Trump tried to include in his “One Big Beautiful Bill Act” reconciliation package earlier in the week, but those provisions were not included in the package and were not put to a vote during the vote. “We cannot allow outdated tax policies…
Binance Futures, one of the leading platforms in the crypto derivatives markets, continues to expand its trading range. Binance Futures Launches BULLAUSDT and IDOLUSDT Perpetual Futures The exchange announced that it will launch USDⓈ-margined perpetual futures contracts on the BULLAUSDT and IDOLUSDT trading pairs in an effort to enhance user experience. The starting dates of the new futures contracts are as follows: BULLAUSDT Perpetual Futures Contract: As of July 4, 2025, 12:00, it will be traded with a maximum leverage of 50x. IDOLUSDT Perpetual Futures Contract: Will be offered as of July 4, 2025, 12:15, again with a maximum leverage…
Cryptocurrency analyst and trader Justin Bennett is warning that Bitcoin (BTC) faces the risk of correcting by double-digit percentage points if a key support level crumbles. In a new strategy session, Bennett tells 63,300 subscribers of the Daily Price Action YouTube channel that Bitcoin is showing signs of a potential bearish reversal. According to Bennett, the support “level to watch” for Bitcoin is $106,000. On how low Bitcoin could go if the $106,000 support level breaks, Bennett says, “As far as targets go, if we do get that confirmed breakdown… …we do have this pocket back here that looks appealing.…
With his criminal trial just weeks away, Tornado Cash co-founder Roman Storm is speaking out and denying any wrongdoing. In a recent interview with Crypto in America, Storm said the U.S. government is prosecuting him for writing open-source code, not for any actual criminal conduct. Facing three felony charges, including conspiracy to commit money laundering and conspiracy to violate sanctions law, federal prosecutors allege that Tornado Cash, founded by Storm and two others, was used to launder more than $1 billion in illicit funds, including money linked to North Korea’s infamous hacker group Lazarus. Storm denies knowingly facilitating criminal activity.…
Ethereum price started a fresh increase from the $2,375 zone. ETH is now back above $2,550 and struggling to clear the $2,620 barrier. Ethereum started a fresh increase above the $2,550 level. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $2,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $2,550 zone in the near term. Ethereum Price Regains Traction Ethereum price started a fresh increase from the $2,375 zone, like Bitcoin.…
Wednesday’s auction of 10-year U.S. Treasury notes undermined the narrative that investors are moving away from U.S. government debt, the bedrock of global finance, and pouring money instead into bitcoin BTC$107,582.35 and gold. Thursday’s sale of $22 billion of 30-year bonds may provide further clues to investor confidence in the fiscal policies of U.S. President Donald Trump since he initiated the global trade war in early April and help signal whether the notes are losing their shine as the premier fixed-income instrument backed by the deepest liquidity and low credit risk. At the June 11 auction, demand for the $39…
Key Insights: Stablecoin users have shifted attention from Ethereum to the Tron Network, can this affect TRX price. Analysts draw a correlation between Bitcoin and Tether’s growth, which may likely impact Tron. Sustaining trading volume on TRX could help push the price above $0.30. Tron (TRX) has gained dominance in the stablecoin space in the last 14 days, competing with notable names such as Solana and Ethereum. The performance against Ethereum in the last seven days has sparked conversation about Tron price’s chance to hit $0.30 in the crypto market. Tron Secures Stablecoin Dominance Notably, Tron price eyes breakout as…
Analysts say that Hong Kong could gain the upper hand in its expansion into a global crypto hub in the wake of Singapore’s regulatory crackdown on unlicensed firms in the region. A recent report by the South China Morning Post revealed that the special administrative region’s web3 industry could see more crypto firms migrating to the region after Singapore closes its doors to offshore actors operating without a license. Analysts believe that the move could even lead to a boost in liquidity for Hong Kong’s crypto sector. As Singapore moves to double-down on unlicensed crypto firms through the deadline set…
Bluefin has officially launched a new perpetual futures (perps) trading platform on the Sui Network, Bluefin Pro. The Bluefin Perps Beta service has come to an end with 648 days of service and 118,000+ accounts and more than $55 billion in cumulative trading volume. Bluefin Governance Proposal 2 (BGP-2) will govern this transition and will set out the timeline of the migration, in phases. 1/ The Great Migration is here. Bluefin pioneered perps trading on @SuiNetwork, and over the past 648 days, Bluefin Perps Beta has processed over $55 billion in trading volume. With Bluefin Pro, we introduce a completely…
Brazilian company Méliuz shares traded 7% lower at R$8.20 on May 30 amid the company’s announcement of a primary share sale that could raise roughly $26 million to expand its Bitcoin (BTC) treasury. The cashback and financial services firm filed to issue 17,006,803 new ordinary shares through Brazil’s fast-track “automatic” registration channel for professional investors. In addition to the $26 million offering from the base deal, management can expand the offer by up to 200% if books show stronger demand, but it did not activate that option at launch. Pricing will follow a book-building process that sets a single clearing…