A major ripple just hit the XRP market, and it’s coming from one of the most aggressive traders on Hyperliquid. According to a post by crypto analyst Xaif on X, a whale identified by wallet address 0x9d8c has opened a massive $1.10 million long position on XRP with 20x leverage for $2.2112. This bold bet has stirred renewed interest and speculation about XRP’s next big move. A Whale-Sized Bet at a Pivotal Moment The leveraged position, executed on Hyperliquid, a rising decentralized perpetuals exchange, shows remarkable conviction. At 20x leverage, even a 5% swing in XRP’s price could yield either outsized profits or painful losses. The trader’s decision to go long at $2.2112 signals a strong belief in XRP’s short-term upside potential, especially as the market remains highly sensitive to whale behavior and macro-level news. Notably, this is not the first time Hyperliquid whales have made headlines. In May, a similar high-profile trader exited XRP and Ethereum longs for a combined profit of around $7.5 million, while maintaining a position in Solana. This pattern, booking profits and re-entering on perceived dips, underscores a sophisticated trading strategy driven by both on-chain analytics and market sentiment. Whale Alert: Hyperliquid whale 0x9d8c just went LONG on $XRP with 20x leverage at $2.2112, stacking a massive $1.10M position! Big bets = Big confidence. Are you ready for the next XRP wave? pic.twitter.com/DAgyARdGj3 — 𝕏aif | (@Xaif_Crypto) July 1, 2025 Why XRP, and Why Now? The timing of this position suggests a calculated move. XRP recently showed resilience, trading between $2.10 and $2.30 while outperforming several large-cap cryptos. Just weeks ago, whales accumulated over $782 million worth of XRP , leading to a short-lived rally past $2.60. The latest long from wallet 0x9d8c may be a bid to front-run the next leg up. Technically, XRP has been testing critical resistance levels. The $2.20–$2.30 range has become a battleground zone, and a clean breakout could trigger a flood of momentum trades. The whale’s position size hints at an expectation that such a breakout is imminent. Risk and Market Watch Still, the risk can’t be ignored. With leverage comes liquidation risk. A drop below $2.10 could pressure this position, especially if the market turns risk-off. However, whales like 0x9d8c typically act on deep insight, tracking funding rates, order book depth, and institutional flows. These traders often anticipate market movements before retail catches on. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 This trade also comes at a time when institutional interest in XRP is growing. Rumors of a potential XRP spot ETF , combined with Ripple’s expanding regulatory clarity and global partnerships, have added fuel to the long-term bullish narrative. While speculative, this context strengthens the rationale behind the whale’s bold move. What to Expect Next If XRP pushes above $2.30 with volume, this whale could be vindicated quickly. On the other hand, weakness below $2.10 might trigger stop-loss cascades or forced liquidations, further increasing volatility. Either way, traders are watching closely because when whales move, markets listen. Xaif’s alert has effectively turned this single trade into a sentiment indicator for the entire XRP ecosystem. And if history is any guide, this may just be the spark before the next XRP wave. 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 Hyperliquid Whale Just Went Long on XRP. Here’s the Latest appeared first on Times Tabloid .
FRISCO, TX, United States of America, July 1st, 2025, Chainwire Strategic alliance with Dialectic to launch Ethereum-native yield strategy as part of next-generation treasury initiative Proven crypto leaders Ryan Zurrer (Dialectic founder, formerly of Polychain Capital & Web3 Foundation) and Rhydon Lee (Goff Capital) appointed to the Company's advisory committee Crypto expansion aligns with GameSquare's existing tech, media, and IP growth strategies GameSquare Holdings, Inc. (NASDAQ:GAME), ("GameSquare", or the "Company"), today announced it is implementing crypto growth and treasury initiatives through a new strategic partnership with Dialectic and the addition of Ryan Zurrer and Rhydon Lee to the Company's advisory committee. As part of the initiative, GameSquare is launching a dedicated Ethereum-native treasury strategy designed to generate high-yield returns using Dialectic's proprietary risk-controlled compounding infrastructure. At the same time, the Company is bolstering its strategic leadership by appointing Dialectic founder Ryan Zurrer and Goff Capital's Rhydon Lee to its advisory committee. "This is a natural evolution for GameSquare," said Justin Kenna, CEO of GameSquare. "We've built a technology-enabled media business that sits at the intersection of gaming, digital assets, and youth culture. Now, with the support of Ryan, Rhydon, and the Dialectic team, we're bringing innovative crypto-native initiatives to our capital management and growth strategies and unlock new opportunities to create value for our shareholders." A New Standard for Ethereum Treasury Management GameSquare and Dialectic will launch an ETH-focused yield generation strategy built on top of Dialectic's proprietary platform Medici, which applies machine learning models, automated optimization, and multi-layered risk controls to generate best-in-class risk-adjusted returns. Targeted yields of 8-14% significantly exceed the current ETH staking benchmarks of 3-4%. Dialectic's multi layered risk management protocol includes insurance, alerts mechanisms, and onchain optimization is widely recognized as the best risk-adjusted yields in DeFi. GameSquare's new Ethereum focused treasury vehicle may also incorporate additional yield generating strategies across the Ethereum ecosystem, potentially utilizing assets such as stablecoins and non-fungible tokens to diversify and amplify returns. Once fully implemented, GameSquare expects to allocate capital generated from this strategy to support additional ETH asset purchases, fund a potential share repurchase program or reinvest in the Company's growth initiatives. GameSquare Adds Strategic Talent to its Advisory Board To further support its expansion into the crypto and digital asset ecosystem, GameSquare has added two respected financial and crypto executives to its advisory board. Ryan Zurrer, founder of Dialectic AG, is a long-time crypto pioneer and early investor in projects including Ethereum, MakerDAO, Solana, Avalanche, and Filecoin. He was the first partner at Polychain Capital, co-wrote the MakerDAO white paper that grandfathered in the DeFi ecosystem and has been a key liquidity provider to leading DeFi protocols through his yielding team at Dialectic. Rhydon Lee, Managing Director at Goff Capital, brings deep experience in institutional capital markets and strategic investments, having supported a range of private and public growth-stage technology companies. Rhydon also has a vast amount of experience in the global crypto market and manages Goff Capital's digital asset strategy. "Ryan and Rhydon bring exceptional expertise across decentralized finance and institutional capital," added Kenna. "Their insights will be instrumental as we scale our crypto growth initiatives and explore new, innovative treasury management strategies." Expanding GameSquare's Strategic Vision GameSquare's crypto strategy reinforces its existing foundation in gaming, technology, and media, and is aligned with the broader trend of institutional adoption of digital assets. As legislative clarity around stablecoins , DeFi protocols , and digital asset market structure continues to emerge, the Company believes it is well-positioned to pursue best-in-class, yield-generating treasury management solutions. GameSquare expects its ETH treasury management, and broader crypto growth strategies to develop over the next several months. About GameSquare Holdings, Inc. GameSquare's (NASDAQ:GAME) mission is to revolutionize the way brands and game publishers connect with hard-to-reach Gen Z, Gen Alpha, and Millennial audiences. Our next generation media, entertainment, and technology capabilities drive compelling outcomes for creators and maximize our brand partners' return on investment. Through our purpose-built platform, we provide award winning marketing and creative services, offer leading data and analytics solutions, and amplify awareness through FaZe Clan Esports, one of the most prominent and influential gaming organizations in the world. With one of the largest gaming media networks in North America, as verified by Comscore, we are reshaping the landscape of digital media and immersive entertainment. GameSquare's largest investors are Dallas Cowboys owner Jerry Jones and the Goff family. To learn more, users can visit www.gamesquare.com . Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's future performance, revenue, growth and profitability; and the Company's ability to execute on its current and future business plans. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company's ability to grow its business and being able to execute on its business plans, the success of Company's vendors and partners in their provision of services to the Company, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. Corporate Contact Lou Schwartz, President Phone: (216) 464-6400 Email: ir@gamesquare.com Investor Relations Andrew Berger Phone: (216) 464-6400 Email: ir@gamesquare.com Contact Media Relations Chelsey Northern / The Untold GameSquare Holdings, Inc. pr@gamesquare.com (254) 855-4028 Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
After rebounding from a local bottom of around $75,000 in April, Bitcoin (BTC) appears to be stuck in the $100,000 to $110,000 range, showing little indication of a clear directional trend. One key data point reflecting this indecision is Bitcoin’s network volume. Bitcoin Network Volume Stuck In Balance Zone According to a recent CryptoQuant Quicktake post by contributor AxelAdlerJr, Bitcoin’s network volume has stabilized in a state of ‘stable equilibrium,’ reminiscent of the mid-2021 consolidation phase that preceded a major move. Related Reading: Bitcoin Binary CDD Hints At Healthy Consolidation, Not A Top For the uninitiated, Bitcoin network volume refers to the total value of BTC transferred across the blockchain over a specific period, typically used to gauge market activity and capital flow. Higher network volume suggests increased investor engagement and liquidity, while lower volume may indicate reduced interest or market stagnation. Notably, when BTC reached the upper end of its current range – around $110,000 – its average network volume surged to as high as $67 billion. Since then, the metric has slightly declined and now hovers around $58.7 billion. Since January 2024, Bitcoin’s average network volume has ranged between $40 billion and $80 billion. According to the CryptoQuant analyst, this corridor has become a key indicator of network activity balance and broader market sentiment. Historically, when the Bitcoin average volume approached the upper-end of the range at $80 billion, it coincided with local price peaks of $70,000 and $100,000. On the contrary, moves toward the lower-end – around $40 billion – were associated with short-term pullbacks, though these dips were often quickly bought up by market participants. Currently, the $58.7 billion reading sits near the midpoint of this range, mirroring the consolidation phase observed in mid-2021. The analyst explained: As long as the indicator remains above the $40 billion level, we can speak of a stable fundamental market condition. Rising volumes above the $80 billion mark will confirm strengthening activity and fresh capital inflow. On the other hand, a sustained drop below $40 billion will indicate weakening network demand and may be a harbinger of a deeper correction. Is BTC Preparing For A Big Move? While Bitcoin network volume suggests the market is in a state of equilibrium, some on-chain metrics hint at a potential breakout building in the background – possibly paving the way for renewed bullish momentum. Related Reading: Bitcoin Poised For Rally As Geopolitical Tensions Ease And Inflation Expectations Fall For example, the BTC short-term holder floor has been rising steadily in recent months, currently hovering around $98,000. This provides a strong support base, potentially preventing a sharp downside correction. However, selling pressure from miners and long-term holders is also beginning to increase – casting some uncertainty over BTC’s short-term price trajectory. At press time, BTC trades at $106,528, down 0.9% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
BitcoinWorld Lido DAO Revolutionizes Governance with Approved Dual Model The world of decentralized finance (DeFi) is constantly evolving, and at its heart lies innovation in governance. A recent, truly groundbreaking development comes from Lido DAO , the decentralized autonomous organization behind the leading liquid staking solution. In a move poised to reshape how decentralized protocols operate, Lido DAO has officially approved a proposal to introduce a new, revolutionary dual governance model . This decision isn’t just a procedural update; it’s a strategic pivot designed to enhance security, decentralization, and user empowerment within the crucial realm of Ethereum staking . What is Lido DAO and Why is Liquid Staking So Important? Before diving into the intricacies of the new governance structure, it’s essential to understand Lido’s foundational role in the crypto ecosystem. Lido Finance is a prominent liquid staking protocol that allows users to stake their Ethereum (ETH) without locking up their assets or maintaining complex infrastructure. Instead, when users stake ETH with Lido, they receive stETH (staked ETH), a tokenized representation of their staked ETH plus earned rewards. This stETH can then be used across various DeFi applications, providing liquidity while still earning staking yields. The importance of liquid staking cannot be overstated. It addresses a significant hurdle in traditional proof-of-stake (PoS) networks: illiquidity. By providing a liquid derivative, Lido has made Ethereum staking accessible to a broader audience, contributing significantly to the network’s decentralization and security. However, with great power comes great responsibility, and the governance of such a critical protocol becomes paramount. Unpacking the Dual Governance Model : A New Paradigm The newly approved dual governance model introduces a novel layer of checks and balances within Lido’s decision-making process. Traditionally, governance decisions within Lido DAO were primarily driven by holders of the LDO token, which grants voting rights. While effective, this model, like many single-token governance systems, carries inherent risks related to concentration of power or potential attacks. The core innovation of the dual governance model is its empowerment of stETH holders. Here’s how it fundamentally works: LDO Token Holders: They retain their primary role in proposing and voting on all operational and strategic decisions for the Lido protocol, including upgrades, fee changes, and treasury management. stETH Holders (The Veto Power): This is the game-changer. Under the new model, stETH holders are granted a critical veto power over certain LDO-related decisions. Specifically, any “critical” LDO governance decision, such as those impacting the safety of staked ETH or fundamental protocol parameters, will now require an additional layer of approval or face a potential veto from stETH holders. This mechanism creates a powerful two-tier system, ensuring that the very users whose assets are secured by the protocol have a direct say in its most vital operations. It’s a move towards greater decentralization and enhanced security for the billions of dollars worth of ETH staked through Lido. Why Implement a Dual Governance Model ? Benefits and Safeguards The decision to transition to a dual governance model is not arbitrary; it’s a strategic response to the evolving needs of a large-scale DeFi protocol. The benefits are manifold, primarily centering on improved security and decentralization: Benefit Category Description Enhanced Security By requiring stETH holder approval for critical changes, the model creates an additional security layer, making malicious governance attacks significantly harder. It acts as a robust defense mechanism against potential exploits or rogue proposals. Increased Decentralization It distributes governance power more broadly beyond just LDO token holders, incorporating the vast and diverse community of stETH users. This diversification of power strengthens the protocol’s resistance to centralization. Improved Alignment of Interests The model better aligns the interests of LDO governors (who manage the protocol) with those of stETH holders (who are the direct users and asset holders). Both groups now have a vested interest in the protocol’s long-term health and security. Greater User Confidence Knowing that their staked assets are protected by a dual layer of governance can significantly boost user confidence in Lido, encouraging more participation in Ethereum staking through the platform. Robustness Against External Threats In an increasingly complex regulatory and security landscape, a dual governance structure offers greater resilience against various external pressures, whether they be regulatory mandates or sophisticated cyber threats. Potential Challenges and Considerations for Lido DAO While the dual governance model offers compelling advantages, it’s also important to consider potential challenges. Implementing such a complex system requires careful execution and ongoing adaptation: Increased Governance Complexity: Adding another layer to the decision-making process inherently makes it more complex and potentially slower. Critical decisions might take longer to pass, which could be a challenge in rapidly evolving market conditions. Voter Apathy in stETH Holders: While stETH holders have veto power, ensuring high participation rates from this diverse group could be a hurdle. If stETH holders are not sufficiently engaged, the veto mechanism might not be as effective as intended. Defining “Critical” Decisions: Clearly defining which decisions fall under the stETH veto power will be crucial. Ambiguity could lead to disputes or delays. Technical Implementation: The technical infrastructure required to support this dual model must be robust and secure, presenting an ongoing development challenge. Lido DAO will need to actively engage its community, simplify the voting process for stETH holders, and clearly communicate the implications of each proposal to ensure the success of this innovative model. Impact on Ethereum Staking and the Broader DeFi Ecosystem The approval of Lido’s dual governance model has far-reaching implications beyond just the Lido protocol. As the largest liquid staking provider for Ethereum, Lido’s innovations often set precedents for the entire DeFi space. This move could inspire other major DeFi protocols to explore similar dual or multi-layered governance structures, especially those managing significant amounts of user funds. It signals a maturation of decentralized governance, moving beyond simplistic token-weighted voting to more sophisticated, secure, and truly decentralized models. For Ethereum staking , it reinforces the security posture of its largest liquid staking derivative, potentially drawing even more capital into the ecosystem and strengthening Ethereum’s overall decentralization. Actionable Insights for Users and Governors For current and prospective users of Lido, this change brings a new level of engagement and security. If you hold stETH , understand that you now possess a critical voice in the protocol’s future. Stay informed about governance proposals and participate in veto votes when critical decisions arise. Your participation is vital to the model’s success. For LDO governors, the new model demands even greater transparency and communication. Proposals must be meticulously crafted and clearly articulated, anticipating the scrutiny of both LDO and stETH holders. This encourages more thoughtful and community-aligned decision-making. A Pioneering Step for Decentralized Governance Lido DAO’s approval of the dual governance model is more than just a protocol upgrade; it’s a pioneering step for the entire decentralized finance landscape. By empowering stETH holders with a critical veto power, Lido is setting a new standard for security, decentralization, and user alignment in the world of liquid staking and Ethereum staking . This transformative move underscores the commitment of leading DAOs to build more resilient, secure, and truly community-governed protocols, ensuring the long-term health and growth of the DeFi ecosystem. To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post Lido DAO Revolutionizes Governance with Approved Dual Model first appeared on BitcoinWorld and is written by Editorial Team
Crypto industry leaders had raced to include provisions in the bill that would have offered crypto miners and retail users key tax benefits—but the clock ran out.
Wyoming Senator Cynthia Lummis had proposed that the legislation address double taxation for cryptocurrency miners and stakers.
UniCredit Offers Italian Elites Exposure to Bitcoin via BlackRock’s IBIT Italy’s second-largest bank, UniCredit SpA, is embracing Bitcoin courtesy of traditional finance. Since July 1, it is offering a five-year, dollar-denominated structured note referenced to BlackRock’s iShares Bitcoin Trust ETF (IBIT), specifically tailored for sophisticated investors. The product, available for sale until July 28, is fully capital-protected at maturity—providing risk-conscious investors with access to the upside potential of Bitcoin without the volatility generally linked to crypto markets. A Gateway to Bitcoin with Low Volatility In contrast to conventional crypto holdings, UniCredit’s certificate is crafted for institutional investors apprehensive of price volatility and regulatory uncertainty. Supported by IBIT, which manages more than $73 billion in assets, the product offers a liquid, regulated access to Bitcoin markets—without wallet or token ownership. According to Bloomberg in a report based on an internal memo, the offering is a “low-friction” gateway for digital assets—ideal for Italian wealth managers needing compliant, traditional-type products. Why This Matters for Europe’s Financial Sector UniCredit’s move represents an evolving institutional shift. As BlackRock’s IBIT listed on Euronext Paris and Xetra in March, interest in Bitcoin has surged among European institutions. But many are still holding back due to regulatory and custody concerns. By wrapping Bitcoin exposure in a familiar TradFi product that shields capital, UniCredit may set the standard for how Europe’s banks come to digital assets. This hybrid approach—crypto profit, no direct crypto touch—is likely to be emulated soon by banks across the continent that remain on the sidelines.
Michael Saylor’s Strategy, the largest corporate Bitcoin holder, is poised to report over $13 billion in unrealized gains for Q2 2025, underscoring the growing impact of crypto assets on corporate
The Republican-led Senate has passed President Donald Trump’s big beautiful bill on Tuesday, enacting his tax and spending priorities. The legislation was 50-50, with Vice President JD Vance casting the tie-breaking vote. The legislation, known by the GOP as the big, beautiful bill, passed 51-50 after a multi-day process that kicked off Saturday evening and ended with a 24-hour vote-a-rama. The big, beautiful bill will now return to the House of Representatives, which passed its version of the bill last month. MAGA VICTORY: The United States Senate PASSES President Trump's One Big Beautiful Bill 🇺🇸🦅🎉 pic.twitter.com/28JThZW5z0 — The White House (@WhiteHouse) July 1, 2025 Bill raises concerns about its impact on U.S. deficit Three Republicans voted against the measure, including Kentucky’s Rand Paul, Susan Collins of Maine, and Thom Tillis of North Carolina. The legislation would extend the tax cuts that were passed by Republicans in 2017, preventing a potential surge in rates at the end of the year when the current provisions are set to expire. At the last moment, Senate Republicans doubled the size of a new fund to improve rural health care access to $50 billion – a move to secure Collins’ support. Collins had previously offered an amendment to increase the funding to $50 billion, but it was rejected 78 to 22, with most Democrats voting against it. Lawmakers argued that the Medicaid initiative risked the collapse of many rural hospitals, where they agreed on the new $50B fund to support rural hospitals. According to the Senate, the program would begin in 2026, and funds would be spread out over five years. The legislation will make changes to the Medicaid program by imposing work requirements and eventually lowering provider taxes from 6% to 3.5%. The Congressional Budget Office estimates the changes to Medicaid would result in nearly 12 million fewer people with health insurance over the next decade. The Senate also passed an amendment to remove the 10-year moratorium on state regulation of AI by 99-1, with only Tillis voting against it. The majority of the amendments forced by Democrats on everything from bolstering Medicaid to gutting tax cuts for wealthy earners all failed on the floor. Speaker Mike Johnson is also calling House Republicans back from recess while targeting a Wednesday vote to try to meet Trump’s July 4 deadline. Johnson stated that the House would work fast to clear the bill, adding that Republicans are ready to finish the job and put the bill on President Trump’s desk in time for Independence Day. “With this legislation, we’re fulfilling the mandate we were entrusted with last November and setting our country and the American people up to be safer, stronger, and more prosperous.” -John Thune, Majority Leader of the U.S. Senate. The Congressional Budget Office estimates that the legislation would add roughly $3.3 trillion to the national debt over the next 10 years. The White House disapproved of the forecast, arguing it would instead decrease the deficit by over $5 trillion when combined with other growth efforts. The legislation also raises the debt ceiling by $5 trillion, providing $175 billion for border security and $150 billion for defense. The bill temporarily hikes the cap on state and local tax (SALT) deductions to $40,000 before reverting to the current $10,000 cap after 5 years. Senate seeks to remove tax on solar and wind energy projects US SENATE INTENDS TO DROP WIND, SOLAR EXCISE TAX FROM BUDGET BILL, SOURCES SAY SENATE INTENDS TO ALLOW RENEWABLE ENERGY PROJECTS TO EARN TAX CREDIT BASED ON CONSTRUCTION START ONE YEAR AFTER BILL ENACTMENT, SOURCES SAY — *Walter Bloomberg (@DeItaone) July 1, 2025 Republicans are also pushing to remove the tax on solar and wind energy projects as part of their budget megabill. Their final amendment to finish last-minute changes to the budget reconciliation bill included a compromise for Senate holdouts by removing the tax and providing a pushback from the tax credit phase-out for solar and wind projects that begin construction less than one year after the bill’s approval. The amendment detailed that solar and wind projects would still have to be placed in service by the end of 2027. The amendment would also make changes to complex requirements prohibiting sourcing from foreign entities of concern that companies considered unworkable. The excise tax on solar and wind generation projects was quietly added to the Senate’s budget reconciliation text last week. The bill requires solar and wind projects seeking the Inflation Reduction Act’s tax credits to commence construction within one year after the date of the legislation’s enactment to qualify for credits. Projects that begin construction after that period need to be placed into service before the end of 2027 to qualify for the credit. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
The U.S. dollar’s steep decline in 2025, marking its worst start in five decades, is driving renewed investor interest in Bitcoin and gold as alternative stores of value. Heightened political