The post Senator Lummis Pushes Crypto Tax Crackdown in GOP Bill appeared first on Coinpedia Fintech News Senator Cynthia Lummis (R-Wyo.) is making a strong move to reshape how the U.S. taxes crypto by pushing to include key digital asset provisions in the Senate Republicans’ 2025 tax-and-spending bill. A longtime Bitcoin supporter, Lummis is working with Senate Finance Chair Mike Crapo (R-Idaho) to fold in parts of her bipartisan crypto regulation bill , co-authored with Sen. Kirsten Gillibrand (D-N.Y.). Her proposals aim to close tax loopholes and support the crypto industry – though not everyone is on the same page. Crypto Wash-Sale Rule Could Raise Billions One of Lummis’s main proposals is to apply the wash-sale rule to crypto. This would stop investors from selling their digital assets at a loss and quickly buying them back to reduce their tax bills – a common tactic that isn’t currently restricted for crypto. Lummis told Semafor, “This bill is the right place to fix crypto taxation,” but skeptics, including Gillibrand, call it “premature,” citing risks of rushed policy. Bitcoin Miners May Catch a Break Another part of Lummis’s plan would exempt Bitcoin miners from reporting capital gains and losses. This would ease the reporting burden on miners, who often face confusing tax requirements despite playing a major role in the crypto ecosystem. This proposal reflects Lummis’s ongoing support for the industry, but it’s expected to face resistance in a divided Senate. Trump Weighs In on GOP Tax Bill On Wednesday, members of the Senate Finance Committee, including Sen. Bill Cassidy (R-La.), met with President Donald Trump at the White House to discuss the bill. According to Cassidy, Trump is focused on including “working account benefits,” adding more complexity to ongoing negotiations. A Defining Moment for U.S. Crypto Policy With the 2025 tax cuts set to expire soon, Lummis’s proposals could help set the direction for how digital assets are taxed and regulated going forward. If adopted, they could provide clarity to the crypto market while also boosting federal revenue. But with mixed support – even among allies – the road ahead for these reforms remains uncertain.
Multiple technical, onchain and derivatives market indicators suggest a potential XRP price rally toward the $3 milestone in the coming days.
CKPool developers have confirmed the successful solo mining of Bitcoin Block 899,826, securing a reward of 3.151 BTC, valued at around $330,000. This achievement was facilitated by temporarily augmenting the
The post Circle’s $1.1B IPO Shines as Ripple CEO Dismisses Acquisition Claims appeared first on Coinpedia Fintech News Circle just went public today, kicking off with strong demand. It surprised the market by pricing its IPO at $31 per share, well above the expected $27 to $28 range. It sold about 34 million shares, valuing the company at $1.1 billion. Bloomberg reports that the IPO raised a total of $6.9 billion. Second Big Crypto Listing Goes Live The stablecoin issuer was set to go live today on the NYSE under the ticker “CRCL.” Circle has also given its underwriters a 30-day option to buy an extra 5.1 million shares. This IPO is the second big crypto listing under the Trump administration, after eToro’s debut last month. This move gives Circle more access to funding and stronger regulatory oversight that will help improve investor confidence amidst recent volatility in crypto markets. Ripple Shuns Circle Acquisition Rumors This comes shortly after the rumors of a potential acquisition by Ripple were put to rest. Ripple CEO Brad Garlinghouse shared during a Las Vegas Bitcoin conference that Ripple had never pursued an acquisition of Circle, while some reports had suggested that Circle had denied a $5 billion offer from Ripple. Coinbase was also on the list to acquire Circle. Nevertheless, Circle’s IPO shows rising institutional interest in stablecoins and the broader crypto market. U.S. lawmakers are also pushing for clearer rules for stablecoins, which marks a major shift in how these digital assets will be viewed in the country. Lately, Wall Street giants have also shown interest in exploring their own stablecoin plans. Why Institutions Could Choose Circle- Circle is one of the first big crypto companies. The USDC, issued by Circle, is the second most popular stablecoin, holding 27% of the market, while Tether’s USDT leads at 67%. Circle’s IPO is also one of the biggest since Coinbase’s 2021 Debut. This is a big step for crypto moving into traditional finance. Circle’s USDC coin is likely to be favored by institutions due to the company’s strict regulatory focus. It was the first to get a New York State BitLicense in 2015, which gives it an advantage as banks and fintech firms look to enter the stablecoin space.
Hong Kong is set to launch virtual asset derivatives trading exclusively for professional investors, marking a significant step in its digital finance ambitions. The Securities and Futures Commission (SFC) aims
The crypto market is buzzing with hidden gems just waiting to be discovered. Some altcoins stand out as undervalued, offering great potential for investors seeking gains in the ongoing bull run. Among these are AVAX, LINK, and AAVE, known for their robust technology and growth prospects. In a surprising twist, an emerging project called Codename:Pepe is catching attention. This unique asset combines humor with smart technology, aiming to outshine fake AI projects. By harnessing artificial intelligence, it promises to navigate the meme coin world with precision, offering exclusive insights and potential profits. Alongside XMR and MKR, investors are keen to see how these coins perform in the thrilling crypto landscape. Codename:Pepe Introduces The Ultimate Intel & Trading Ecosystem Codename:Pepe is designed to do what most crypto traders dream of — it will scan X and Telegram, deciphers on-chain movements, and even tap into insider signals to identify the next viral meme coin before it takes off. It then will generate forecasts and exclusive reports, giving holders access to early trading signals that could make all the difference. Fully Automated AI-Trader Why stress over market movements when AI can do the work for you? Codename:Pepe will feature a fully automated AI-trader that executes meme coin trades based on signals. Whether you want hands-free auto-trading or custom strategies, the system would ensure passive income potential with algorithmic precision. At the core of this ecosystem is $AGNT, the project’s utility token. Holding it will give users access to the platform’s core features: AI signals and automated trading, making it the core utility token Exclusive DAO membership where holders shape the project's direction Staking with profit distribution, rewarding long-term holders AI-Launchpad for launching new tokens with AI-driven insights. $AGNT is currently offered at a discounted price as part of an initial coin offering. The presale in its 20th presale stage, priced at just $0.023809. With the next stage, the price will jump to $0.027777, and the project aims for an ambitious $1 listing price. The first six stages sold out in days, signaling strong demand and limited time to grab tokens at a low price. Get Your Codename:Pepe ($AGNT) Coins Now and Watch it Grow Built for Everyone, Secured for Trust Operating on Ethereum Mainnet, $AGNT is beginner-friendly and accessible to all. Security isn’t an afterthought—Codename:Pepe has passed an audit by Pessimistic, a trusted smart contract security firm, ensuring a rug-free experience. Codename:Pepe takes a new approach to asset management, aiming to bring real utility to AI-driven trading. With a structured presale, a growing community, and a roadmap focused on usability, it’s a project worth keeping an eye on. Right now, its native $AGNT tokens are available at a discounted price, offering an opportunity to get in early on what could become a leading player in the AI-crypto space. Be Part of the Codename:Pepe DAO and Shape the Future of AI-powered Trading AVAX Price Declines Amid Market Uncertainty Avalanche (AVAX) has experienced significant price drops recently. Over the past week, its price decreased by 11.31%, contributing to a monthly loss of 2.19%. In the last six months, AVAX has seen a sharp decline of 59.28%. Currently, AVAX trades between $18.99 and $23.55. This range positions it closer to its nearest support level at $17.12 than to the resistance level at $26.22. If the downward trend continues, the price may test the support level, which could lead to further declines. The Relative Strength Index (RSI) for AVAX is 54.58. An RSI above 50 suggests that the asset isn't oversold, indicating potential for price stability or a rebound. Breaking above the resistance level of $26.22 could signal a positive shift in momentum. Given the recent performance and current indicators, AVAX's future price movement remains uncertain. Monitoring the support and resistance levels will be crucial in understanding its potential direction. Chainlink's Price Dips: Is a Rebound on the Horizon? Chainlink (LINK) has seen a decline in its price recently. Over the past week, the price dropped by 10.13%. In the last month, it fell by 4.75%, and over the past six months, it decreased by 42.19%. These figures show a downward trend in the short to medium term. Currently, LINK's price is between $12.93 and $15.69. The nearest support level is at $11.79. If the price falls below this point, it could indicate further declines. The nearest resistance level is at $17.32. Breaking above this could signal a potential upward movement. The Relative Strength Index (RSI) for LINK is at 53.00. An RSI around 50 suggests that the asset is neither overbought nor oversold. This means the price could move in either direction depending on market factors. Traders are watching these levels closely. A move above the resistance at $17.32 might indicate a positive trend. Conversely, dropping below the support at $11.79 could lead to more losses. The next few days may reveal where LINK is headed. Aave Price Swings: Will It Rise or Fall Next? Aave's price is now between $228.42 and $273.33. Over the past month, it went up by 39.92%. In the last week, it dropped by 9.27%. In the past six months, it has gained 1.34%. This shows that Aave has been volatile recently. The nearest resistance level is at $300.54. If Aave's price rises from $273.33 to $300.54, that's an increase of about 10%. Breaking this resistance could signal more growth. But reaching this level may be challenging. On the downside, the nearest support level is at $210.72. A drop from $228.42 to $210.72 would be a decrease of about 8%. If the price falls below this support, it could lead to further declines. Traders may watch this level closely. The RSI is at 49.59, which is neutral. This suggests that Aave is neither overbought nor oversold. With recent gains in the past month and a small drop in the last week, the price could move in either direction. Investors should keep an eye on key levels. Monero's Bullish Trend Continues Despite Weekly Decline Monero (XMR) experienced a price decline of 16.64% over the past week. This short-term drop may concern some investors, but it contrasts with the cryptocurrency's strong longer-term performance. Over the past month, Monero's price has increased by 24.18%, indicating robust growth. Even more impressive is the 71.39% surge over the past six months, demonstrating a significant upward trajectory. Currently trading between $300.76 and $408.22, Monero is approaching its nearest resistance level at $468. Breaking through this resistance could result in a potential gain of approximately 15%. Conversely, the nearest support level is at $253.52, serving as a potential floor if prices decline. An RSI of 68.17 suggests that Monero is nearing overbought territory, which could lead to some consolidation. However, given the strong momentum over the past month and half-year, the data indicates that Monero's price may continue to rise after this brief pullback. Maker (MKR) currently trades between $1484 and $1749. Over the past week, its price has dipped by 3.52%. However, in the past month, it has seen a modest rise of 1.02%. This shows that while there has been a recent decline, there's also signs of recovery. The Relative Strength Index (RSI) for MKR is at 52.75. An RSI around 50 suggests a balanced market, indicating that MKR is neither overbought nor oversold. This neutral position could mean the price is ready to move significantly in one direction. The nearest resistance level is at $1895. If MKR's price breaks above this point, it could signal a strong upward trend. This would be an increase of over 8% from its current high in the trading range. Such a move might attract more buyers and push the price even higher. On the downside, the nearest support level is at $1365. If the price falls below this, it might continue to drop. Over the past six months, MKR's price has decreased by 30.93%. This significant decline suggests there is potential for growth if market conditions improve. Conclusion In conclusion, while coins like AVAX, LINK, AAVE, and XMR remain undervalued with solid long-term prospects, their short-term potential appears limited in the current bull run. Codename:Pepe emerges as a standout option, unleashing true intelligence to maximize profits in the volatile crypto market. By harnessing advanced artificial intelligence, Codename:Pepe assists investors in navigating the chaotic meme coin arena. It provides AI-powered trading signals and automated trading capabilities, giving users a significant advantage. Token holders gain access to an exclusive community with insider strategies and analytics, along with the ability to participate in future initiatives. With its capped supply and community-driven approach, Codename:Pepe offers a unique opportunity for those seeking to capitalize on the market's momentum. Find out more about Codename:Pepe crypto here: Codename:Pepe ($AGNT) Website Codename:Pepe ($AGNT) Telegram Codename:Pepe ($AGNT) Twitter/X Disclaimer:This article is for informational purposes only and should not be considered financial advice. Always do your own research before investing. Mention of specific tokens like Codename:Pepe does not constitute endorsement.
Cardano integrates with Unreal Engine to enhance gaming through Blockchain. The plugin simplifies the addition of Cardano-based transactions in games. Continue Reading: Cardano Seamlessly Integrates with Unreal Engine to Elevate Gaming Experiences The post Cardano Seamlessly Integrates with Unreal Engine to Elevate Gaming Experiences appeared first on COINTURK NEWS .
The U.S. government has seized 145 domains linked to the BidenCash dark web market, marking a significant blow to illicit online trading networks. This coordinated international law enforcement effort highlights
The post Hong Kong Set to Legalize Bitcoin and Crypto Derivatives Trading appeared first on Coinpedia Fintech News Hong Kong’s financial regulators are moving to legalize trading in Bitcoin and crypto derivatives. This step aims to boost the city’s position as a major crypto hub and attract more investors. By creating clear rules and allowing these new financial products, Hong Kong hopes to provide safer, more transparent markets. The move reflects growing global acceptance of cryptocurrencies and could open the door for more innovation in the region’s financial sector.
In a market often driven by speculation, sentiment, and surprise surges, XRP has long stood as a polarizing asset, either heralded as the future of institutional finance or dismissed as a relic of regulatory entanglement. But according to influential crypto commentator BarriC, the real moment of mass hysteria, true Fear of Missing Out (FOMO), won’t arrive until XRP crosses the astonishing $1,000 mark. BarriC’s Bold Price Forecast Taking to X, BarriC made a compelling case that while XRP has seen its fair share of market cycles, the public has yet to experience what he calls “massive FOMO.” In his words, “When $XRP hits $1,000 , that’s when we see massive FOMO from the masses, desperate to own 1 XRP.” The post, which quickly gained traction, taps into a growing narrative that XRP’s long-term value lies not just in its utility or legal clarity but in its scarcity and psychological appeal. While $1,000 may sound like a fantastical number to many retail investors accustomed to XRP’s historically modest price range, BarriC’s perspective is rooted in a broader understanding of how retail behavior tends to trail institutional adoption. His comment suggests that the bulk of the public has yet to grasp XRP’s full potential and that true market frenzy will only ignite once the price reaches levels most now consider unthinkable. When $XRP hits $1,000 That’s when we see massive FOMO from the masses, desperate to own 1 x #XRP — BarriC (@B_arri_C) June 4, 2025 Institutional Momentum and Utility-Driven Value BarriC’s projection comes amid a wave of growing institutional attention on Ripple, the company closely associated with XRP. Ripple’s cross-border payments network, which continues to expand globally, leverages XRP for on-demand liquidity, a model that has begun to appeal to central banks and large-scale financial institutions looking to modernize outdated payment rails. Ripple has also taken firm steps toward integrating its ecosystem into broader financial frameworks. The launch of RLUSD, its U.S. dollar-backed stablecoin, is aimed at enhancing XRP Ledger (XRPL) liquidity and promoting enterprise-grade tokenization, setting the stage for further adoption. These developments add a layer of long-term utility to XRP, strengthening the argument for a significantly higher valuation. Moreover, the advent of tokenized assets and Central Bank Digital Currencies (CBDCs) places XRP at the center of conversations about the future of finance. With its speed, scalability, and low transaction costs, XRP is uniquely positioned to serve as the bridge asset in a rapidly evolving global financial ecosystem. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 A Psychological Threshold: The Power of Round Numbers BarriC’s $1,000 target also reflects an important psychological principle in financial markets: the power of round numbers. In the same way, Bitcoin’s rise above $10,000 and $50,000 triggered new waves of interest; XRP crossing a milestone like $1,000 could dramatically shift public perception. Scarcity-driven narratives, especially the idea that owning just one XRP becomes a big deal, have historically sparked major retail interest in other assets. The comparison is not without precedent. Assets like Bitcoin and Ethereum also went through extended periods of underestimation before the masses caught on. By the time BTC crossed $20,000 in late 2020, most of the institutional accumulation had already occurred. Retail investors, driven by headlines and viral posts, often buy the top of the wave. BarriC believes XRP could follow a similar trajectory, with the masses only scrambling to accumulate when supply dries up and price enters four-digit territory. The FOMO Threshold: Speculation or Strategic Forecast? BarriC’s forecast, while bold, aligns with a growing belief that a massive price appreciation for XRP could be triggered not by speculation alone but by fundamentals converging with market psychology. Utility, legal clarity, and scarcity narratives could become catalysts, and in a space as sentiment-driven as crypto, such a tipping point could result in a self-fulfilling surge. As history has shown with other digital assets, today’s improbable can become tomorrow’s inevitable. And if BarriC is right, the XRP FOMO that many expected years ago has yet to begin, it’s merely waiting for the right number to be printed on the charts. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Pundit Says the Real XRP FOMO Will Start At This Price appeared first on Times Tabloid .