U.S. Senator Cynthia Lummis has introduced a cryptocurrency tax legislation proposal aimed at enacting a comprehensive digital asset tax framework in the United States. Lummis, who leads the Senate Banking Committee’s digital assets subcommittee, unveiled the crypto tax proposal on July 3, 2025, a day after it failed to make into the One Big Beautiful Bill Act as an amendment. The Senate recently passed OBBB, President Donald Trump’s mega tax and policy bill that’s now in the f inal stages of House approval before it heads to the president’s desk. You might also like: Senator Lummis pushes for crypto-friendly amendments in Trump’s Big Beautiful Bill A digital asset tax legislation The lawmaker has now introduced the proposal as standalone legislation. It seeks to amend the Internal Revenue Code of 1986 to reform how the U.S. tax code treats digital assets. Key highlights include a threshold, or de minimis rule, of $300 on crypto transactions, elimination of double taxation for crypto miners and stakers and tax parity – treating of crypto like other financial assets. The bill also proposes expanding securities lending rules to include digital assets, clarifying that digital asset lending is generally not a taxable event. “In order to maintain our competitive edge, we must change our tax code to embrace our digital economy, not burden digital asset users,” said Lummis. “This groundbreaking legislation is fully paid-for, cuts through the bureaucratic red tape and establishes common-sense rules that reflect how digital technologies function in the real world.” According to Lummis, it’s time America does not allow its “archaic tax policies” to stifle innovation. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” she added. In a statemen, Lummis said she welcomes public comments on the bill. Lummis’ crypto tax bill joins other notable digital asset regulation bills in the U.S., including crypto market structure and stablecoin regulation. Both the CLARITY and GENIUS Act bills are matters currently on Congress’ calendar. Following Trump’s election, Lummis introduced the Bitcoin Act , a bill that seeks to establish a BTC strategic reserve for the U.S. You might also like: U.S. Senate passes landmark Genius Act, aiming to bring clarity in stablecoin regulation
The crypto firm behind the leading US-dollar pegged stablecoin USDT is looking to make Bitcoin ( BTC ) mining more sustainable. In a new press release, Tether says it is joining forces with Adecoagro on a renewable energy BTC mining project in Brazil. Adecoagro is a leading South American sustainable production firm. Tether and Adecoagro have co-signed a Memorandum of Understanding as they explore collaborating on BTC mining. As a result of this project, Adecoagro also plans to add BTC to its corporate balance sheet. Says Adecoagro Co-Founder and Chief Executive Officer Mariano Bosch of the partnership, “We’re excited to explore innovative ways to maximize the value of our renewable energy assets. This project opens the door to stabilizing a portion of the energy we currently sell on the spot market, locking in pricing, while also gaining exposure to the upside potential of Bitcoin.” The upcoming project will aim to show how renewable energy sources can be used to support crypto mining through both technology and infrastructure. Explains Tether CEO Paolo Ardoino, “Tether brings to the initiative its extensive experience in the bitcoin ecosystem, backed by a rapidly expanding portfolio of sustainable mining initiatives across multiple regions. As part of our long-term strategy to support resilient energy infrastructure and decentralized networks, we’re proud to collaborate with Adecoagro. This project is another step in our growing commitment to renewable-powered bitcoin mining and highlights the potential to align agricultural energy production with cutting-edge digital infrastructure. We believe this model can drive financial inclusion, promote energy efficiency, and serve as a blueprint for responsible innovation at the intersection of technology and sustainability.” Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Tether Teams Up With Sustainability Giant Adecoagro on Renewable Bitcoin Mining Energy Project appeared first on The Daily Hodl .
Bitcoin is outpacing the US dollar’s top benchmark this year by a wide margin. The DXY index, which tracks the greenback against a group of other major currencies, has dropped 12% since mid-January. That drop has erased nearly five years’ worth of gains, while Bitcoin has climbed almost the same percentage over the exact same stretch. The DXY’s decline comes with plenty of caveats. The index leans hard on Europe, with over half of its weight tied to the euro. Another 20% or so is unevenly distributed between the British pound, Swedish krona, and Swiss franc. Only one currency from Asia, the Japanese yen, makes it into the basket, holding around 14% of the index. The Chinese renminbi doesn’t appear at all. Even so, the US dollar has still slipped roughly 2.5% against the yuan since January. Bitcoin’s performance, when laid over DXY’s slide, shows clear divergence. The orange line, representing BTC/USD, has moved up nearly 12% in six months. Source: Blockworks The DXY , in blue, has dropped by nearly that exact percentage. A purple line in the chart showed BTC/USD after adjusting for DXY’s volatility starting from last year, further revealing how disconnected Bitcoin has become from dollar weakness. Looking at performance across different timeframes, BTC/USD has beaten crude oil, gold, the S&P 500, and the Nasdaq 100 across one-year, three-year, and five-year spans. Nvidia is the only major asset to outperform Bitcoin over three and five years, but it’s not displayed in the latest comparative chart. Bitcoin touches new highs across different metrics Rather than compare Bitcoin in dollar terms alone, analysts are now watching its price relative to major financial indices and commodities. The BTC/S&P 500, BTC/Nasdaq 100, and BTC/crude oil ratios all peaked in late May, with current levels still hovering just under those highs. In raw dollar value, Bitcoin remains just 2% below its all-time high. The gold/Bitcoin ratio hasn’t followed suit. It’s now 20% below its record from just before Christmas 2024, making it the only major cross to fall that far off its peak. Still, one milestone was hit early this morning on Coinbase, when Bitcoin reached $110,500. That price wasn’t just a dollar benchmark — it represented a new all-time high when adjusted for the DXY, coming in at 1139.58. That number is 2% above the previous DXY-adjusted high set in late May. While DXY’s structure has been questioned, the new record remains factual. The current price levels have major implications for short sellers. If BTC crosses $115,000 , more than $6 billion worth of short positions stand to be liquidated. And right now, with prices just shy of record highs, 99% of Bitcoin holders are sitting in profit, based on public blockchain data tracked since January. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Nasdaq-listed China-based Web 3.0 infrastructure provider Nano Labs announced that it has purchased 74,315 Binance Coins (BNB). The company made the transaction via the over-the-counter (OTC) market, purchasing approximately $50 million worth of BNB at an average unit price of $672.45. With this move, Nano Labs’ total reserves in digital assets such as Bitcoin and BNB reached $160 million. In its press release, the company described this acquisition as “the first step of the BNB strategic plan,” while reiterating its commitment to increasing its BNB holdings in the long term. Related News: Warning: New Virus Detected That Drains Cryptocurrency Wallets - Here's the Culprit Software and What to Do About It Nano Labs announced that it will conduct comprehensive analyses on the security and long-term value of BNB, and that they aim to purchase up to $1 billion of BNB through convertible bonds and private sales in the first phase. The company's long-term plan is to own 5% to 10% of BNB's total circulating supply. The BNB price has lost about 1% of its value in the past month, while the Bitcoin price has increased by about 3% in the same time period. *This is not investment advice. Continue Reading: Chinese Company Makes Massive Investment in Altcoin: “Our Goal is to Own 5 to 10 Percent of Total Supply”
XRP is gaining momentum as Ripple Labs pursues a US banking license, sparking renewed investor optimism and a potential price rally. The altcoin’s technical indicators suggest a bullish breakout could
BitcoinWorld Bitcoin: Unwavering Confidence as Long-Term Holders Command 74% of Circulating Supply Are you ready to dive deep into the fascinating world of Bitcoin holdings? A significant shift is underway in the Bitcoin landscape, one that speaks volumes about investor sentiment and the future trajectory of the world’s leading cryptocurrency. Recent data from on-chain market intelligence platform Glassnode reveals a compelling story: Bitcoin long-term holders (LTHs) now possess an astonishing 14.7 million BTC. This figure represents a staggering 74% of Bitcoin’s total circulating supply, a record high that sends a powerful message to the entire crypto market. This monumental accumulation by seasoned investors suggests an unshakeable belief in Bitcoin’s future value. As Glassnode pointed out in a recent update on X, “Most coins bought near the $100k breakout remain dormant.” While Bitcoin hasn’t yet reached the $100,000 mark, this statement highlights the conviction that even coins acquired during significant price surges or anticipating major milestones are being held, not sold. This behavior is a strong indicator of enduring confidence in the Bitcoin price outlook , hinting at a potential supply squeeze in the months and years to come. Who Are These Unwavering Bitcoin Long-Term Holders? The term ‘long-term holder’ might sound exclusive, but it simply refers to Bitcoin addresses that have held their BTC for more than 155 days. These aren’t your day traders or short-term speculators. Instead, LTHs are often characterized by their strategic, patient approach to the market. They typically accumulate Bitcoin during periods of price consolidation or dips, and then hold onto their assets through market volatility, resisting the urge to sell during minor rallies or corrections. Why are they so important? LTHs represent the ‘strong hands’ of the market. Their accumulation and refusal to sell reduce the available supply on exchanges, creating a supply-side constraint. This reduced liquidity, when combined with consistent demand, can exert significant upward pressure on prices. Their actions often reflect a deep understanding of Bitcoin’s fundamental value proposition and its long-term potential as a digital store of value and a hedge against inflation. Why Does 74% of BTC Circulating Supply Matter So Much? The fact that 14.7 million BTC, or 74% of the total BTC circulating supply , is now in the hands of long-term holders is a critical metric for several reasons. It’s not just a number; it’s a profound statement about market dynamics and future scarcity. Supply Shock Potential: When a vast majority of an asset’s supply is locked away by holders with no immediate intention to sell, it creates an environment ripe for a supply shock. Any significant increase in demand, whether from retail investors, institutions, or even nations, will meet a very limited available supply on exchanges, leading to rapid price appreciation. Reduced Market Volatility: With fewer coins actively trading, the market becomes less susceptible to large sell-offs from short-term speculators. This can contribute to a more stable and mature price action over time, albeit with inherent crypto volatility. Confirmation of Maturation: This trend indicates a growing maturity in the Bitcoin market. It suggests that a significant portion of investors view Bitcoin not as a speculative gamble, but as a foundational asset for long-term wealth preservation and growth. Consider this simplified comparison of Bitcoin supply distribution: Holder Category Approximate BTC Held Market Impact Long-Term Holders (LTHs) 14.7 Million BTC (74%) Reduces available supply, indicates strong confidence, potential for supply squeeze. Short-Term Holders (STHs) ~5 Million BTC (26%) Provides market liquidity, often reactive to price swings, contributes to short-term volatility. This distribution highlights the dominant position of LTHs, painting a bullish picture for future price action. What Drives This Robust Bitcoin Price Outlook? The confidence exhibited by Bitcoin long-term holders isn’t unfounded. Several factors contribute to their conviction in the positive Bitcoin price outlook : Halving Cycles: The quadrennial Bitcoin halving event, which reduces the supply of new Bitcoin entering the market, historically precedes significant bull runs. LTHs understand this cyclical scarcity. Growing Institutional Adoption: The approval of spot Bitcoin ETFs in major markets has opened the floodgates for institutional capital, providing a regulated and accessible pathway for large investors to gain exposure to Bitcoin. This influx of capital creates sustained demand. Macroeconomic Landscape: In an era of increasing global debt, inflation concerns, and geopolitical instability, Bitcoin is increasingly seen as a robust alternative asset, a ‘digital gold’ that can preserve purchasing power. Network Effects and Security: Bitcoin’s robust network, unparalleled security, and decentralized nature continue to strengthen its position as the premier cryptocurrency. The fact that LTHs are not capitulating, even after significant price movements, reinforces the narrative that Bitcoin is maturing into a serious asset class. Their ‘hodling’ behavior is a testament to their belief in its fundamental value, far beyond mere speculation. How Does This Reflect Overall Crypto Market Confidence? Bitcoin’s performance and investor sentiment often act as a bellwether for the broader cryptocurrency market. The strong conviction among Bitcoin long-term holders directly translates to robust crypto market confidence . When Bitcoin, the market leader, demonstrates such resilience and long-term holding behavior, it instills a sense of stability and optimism across altcoins and other digital assets. It signals that the underlying foundation of the crypto ecosystem is strengthening, attracting more capital and innovation. Historically, periods of strong LTH accumulation have often preceded significant market rallies. This current trend suggests that the market is building a solid base for future growth, moving past the more volatile, speculative phases seen in earlier cycles. It’s a sign that the ‘diamond hands’ are prevailing, setting a positive tone for the entire digital asset space. Crafting Your Bitcoin Investment Strategy in This Landscape Understanding the behavior of Bitcoin long-term holders provides valuable insights for anyone looking to refine their Bitcoin investment strategy . While past performance is not indicative of future results, the current data suggests a few key takeaways: Embrace a Long-Term Horizon: The success of LTHs underscores the power of patience. Instead of trying to time the market, consider a strategy focused on accumulating and holding Bitcoin for several years. Dollar-Cost Averaging (DCA): Regularly investing a fixed amount of money into Bitcoin, regardless of its price, can help mitigate volatility and build a substantial position over time. This strategy aligns well with the LTH mindset. Understand Scarcity: Recognize that as more Bitcoin is held by LTHs and the supply of new Bitcoin diminishes, its scarcity will likely increase its value over the long run. Do Your Own Research (DYOR): While LTH data is encouraging, always conduct thorough research and understand the risks involved in cryptocurrency investments. Diversification is also a wise approach. This record accumulation by long-term holders is not just a statistic; it’s a powerful narrative of belief in Bitcoin’s enduring value and its role in the future of finance. It encourages a disciplined, forward-looking approach to investment, moving beyond short-term fluctuations to focus on the bigger picture. Conclusion: A New Era of Bitcoin Confidence The record 14.7 million BTC now held by long-term holders, representing 74% of the total BTC circulating supply , marks a pivotal moment in Bitcoin’s journey. This unwavering commitment from seasoned investors paints an exceptionally bullish picture for the future Bitcoin price outlook and solidifies overall crypto market confidence . It signifies a maturation of the asset, where fundamental strength and long-term conviction outweigh short-term speculative urges. For those considering their own Bitcoin investment strategy , the message is clear: patience, conviction, and a long-term perspective are key in navigating the exciting landscape of digital assets. To learn more about the latest Bitcoin trends and their impact on the crypto market, explore our article on key developments shaping Bitcoin’s price action and institutional adoption. This post Bitcoin: Unwavering Confidence as Long-Term Holders Command 74% of Circulating Supply first appeared on BitcoinWorld and is written by Editorial Team
As traders set their sights on the best crypto presales for Q3 2025, analysts are building watchlists that balance infrastructure stalwarts with narrative-driven altcoins. This quarter, experts are keeping a close eye on familiar heavyweights like Ethereum (ETH), Solana (SOL), XRP, and NEAR Protocol — but there’s also growing attention around a newer name: MAGACOIN FINANCE, a decentralized political memecoin that’s starting to capture serious attention. MAGACOIN FINANCE: Meme-Powered Altcoin With Decentralized Governance MAGACOIN FINANCE is steadily building momentum as both a meme-powered altcoin and a decentralized political memecoin, offering a fresh take on what crypto projects can represent. By pairing a zero-tax trading system with community-led governance, it stands apart from typical meme coins that rely solely on short-term attention. Instead, MAGACOIN FINANCE weaves political themes into blockchain culture, creating a story that clicks with retail investors who care about more than just charts — they value movements with a message. Its zero-tax approach naturally attracts active traders, while its strong anti-centralization stance and commitment to transparent, holder-driven decisions reflect some of the same principles that have long made Cardano popular. This blend of meme appeal and serious community oversight is exactly why analysts are now listing MAGACOIN FINANCE alongside major names like Ethereum, XRP, and Solana on their Q3 altcoin watchlists. Ethereum Ethereum remains a cornerstone of crypto infrastructure, continuing to power smart contracts and fuel the DeFi growth wave that’s reshaping the industry. Its ongoing Layer‑2 upgrades and renewed institutional flows keep it firmly on expert watchlists. As investors evaluate the best crypto presales for 2025, Ethereum’s established ecosystem offers a stabilizing counterbalance to newer meme-driven projects. Solana Solana is also a fixture on Q3 altcoin lists, known for its low fees and rapid transaction speeds. While discussions continue about revenue concentration in memes, Solana’s fast-growing developer base keeps it at the center of DeFi conversations. Many investors see SOL as a way to diversify infrastructure bets beyond Ethereum. XRP XRP’s improved standing after regulatory victories has attracted both retail and institutional investors. With efficient cross-border settlement capabilities, XRP offers a reliable option for those looking to hedge high-volatility meme coins with a token that serves a clear financial utility. NEAR Protocol: Underrated Layer‑1 Altcoin Momentum NEAR Protocol rounds out the Q3 watchlist as an up-and-coming Layer‑1 altcoin. While it doesn’t command the same meme-driven hype as MAGACOIN FINANCE or SHIBA INU, its quietly expanding ecosystem suggests steady future upside for diversified portfolios. Blending DeFi, Meme Culture, and Altcoin Narratives Strategists recommend combining these projects for a balanced approach: Ethereum and Solana provide DeFi infrastructure, XRP adds institutional credibility, NEAR offers under-the-radar Layer‑1 growth, and MAGACOIN FINANCE introduces exposure to a meme-powered altcoin with strong decentralized governance. Its mix of zero-tax mechanics, political messaging, and rising online traction positions MAGACOIN FINANCE as more than just another speculative meme token — it’s evolving into a cultural asset for crypto portfolios seeking fresh narratives in Q3 2025. To learn more about MAGAC>OIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: 📈 Expert Watchlist: 5 Best Crypto Presales for Q3 2025 — MAGACOIN FINANCE Joins Ethereum, Solana, XRP, and NEAR as Top Growth Picks
In today’s crypto news, all eyes are once again on Ripple (XRP) as its ongoing legal battle with the SEC continues to cast uncertainty over its long-term price trajectory. While XRP holders wait for a verdict that could determine whether XRP remains among the top cryptocurrencies, another project is quietly gaining unstoppable momentum, Mutuum Finance (MUTM) . MUTM sits at phase 5 of presale for $0.03. Having already raised more than $11.5 million raised and attracted over 12,700 investors, Mutuum Finance showing strength. Positioned as one of the best crypto projects to invest in for 2025, Mutuum Finance is turning heads with its real-world utility and DeFi-driven lending protocol. XRP Price Outlook Hinges on Legal Resolution and Institutional Catalysts The price of XRP is about $2.19, and the currency is demonstrating a moderate level of strength as Ripple approaches the last leg of legal settlement with the U.S. SEC. The regulatory overhang is drastically lower now that Ripple recently dropped its cross-appeal and expectation that the SEC will do the same as well, which pushed sentiments in the market. Analysts currently estimate that XRP may rally at least to $3.00 or possibly even to $3.50 in the months to come provided that a full legal settlement is reached coupled with the potential adoption by additional institutions, including XRP futures launched by CME and the increased curiosity by cross-border payment providers. Mutuum Finance Presale Tops $11.5 Million Mutuum Finance (MUTM) presale has reached above 12,700 investors in a presale that exceeds more than $11.5 million. Project hype is at its peak and this is certainly a great sign of the future of the project. MUTM tokens are currently priced at $0.03 in phase 5 but will soar 16.67% in phase 6. The demand is becoming exponentially high and the fact that Mutuum Finance is a game-changer in DeFi is all the more valuable considering that it will be amongst the top-trending crypto investments of 2025. MUTM Giveaway: $100,000 in Rewards Up for Grabs Mutuum Finance is set to reward the early supporters it has on its platform and has established a $100,000 giveaway , where 10 participants will be chosen and rewarded with $10,000 MUTM tokens. It will be a reward to the quickly expanding community inside the project and gratitude for early investors. But time’s running out. Mutuum Finance Prioritizes Trust with New $50K Bounty Following its consistent effort to embrace the culture of security and transparency, Mutuum Finance has officially introduced its Bug Bounty Program in conjunction and support with CertiK, where a reward pool of up to 50,000 USDT will be allocated. The reward is split into four categories critical, major, minor, and low, so it will be guaranteed that all levels of vulnerability will have its reward. This is another step that proves Mutuum has an active attitude to safety and its commitment to the creation of a reliable financial environment. While XRP continues to battle legal uncertainty, Mutuum Finance is blazing ahead with clear direction and growing investor confidence. Over $11.5 million raised and 12,700+ investors prove that early adopters are locking in positions ahead of a major DeFi breakout. Currently priced at just $0.03 in Phase 5, MUTM offers a guaranteed 100% ROI at launch, making it one of the most compelling altcoin investments heading into 2025. Add in the $100,000 token giveaway and a $50,000 CertiK-backed bug bounty, and it’s clear Mutuum Finance isn’t just another presale, it’s a movement. Don’t wait for regulation to settle, act now while this opportunity is still early. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
XRP could rally to $2.65 as a bullish trading pattern, and investors’ excitement over Ripple Labs’ US banking license application boosts interest in the altcoin.
Senator Cynthia Lummis has introduced a new bill aimed at codifying significant crypto tax exemptions, addressing key industry demands that were absent from President Trump’s recent reconciliation bill. The legislation