The Department of the Treasury is formally taking down a new rule that expanded the definition of a broker under the U.S. Tax Code. The rule titled “Gross Proceeds Reporting by Brokers that Regularly Provide Services Effectuating Digital Asset Sales” classified decentralized finance (DeFi) exchanges as brokers required to furnish the Internal Revenue Service (IRS) with information on user transactions involving digital assets. The rule was published in the Federal Register on December 30th during the final weeks of the Biden administration and took effect on February 28th. In March, legislators from both chambers of Congress voted to repeal the controversial law, a move supported by President Donald Trump, who signed the bill reversing the crypto broker rule on April 11th. The Treasury Department says the controversial rule now has no legal force or effect. “Pursuant to the CRA (Congressional Review Act), any rule that takes effect and later is made of no force or effect by enactment of a joint resolution shall be treated as though such rule had never taken effect. Accordingly, the Treasury Department and the IRS are reverting the text of the section 6045 regulations back to the text that was in effect immediately prior to the effective date of the Final Rule.” 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 U.S. Treasury Department Officially Revokes Controversial Crypto Broker Reporting Rule After Republican Lawmakers Vote It Down appeared first on The Daily Hodl .
Recent reports reveal a significant collaboration between Binance and World Liberty Financial (WLF), a crypto firm linked to former US President Donald Trump, centering on the development and deployment of
The Cardano price has rocketed 15% over the past 24 hours, positioning for further gains as Bitcoin reaches $118,000 all-time highs , with the market increasingly focusing on altcoins like ADA that demonstrate strong fundamentals and promising technical indicators. Currently, ADA is trading at $0.7185, marking a 24% increase over the past seven days and solidifying its position as the 10th largest cryptocurrency by market capitalization at $25.4 billion. The recent rally was accompanied by over $1.7 billion in ADA trading volume, representing a substantial 50.12% increase in a single trading session. Cardano Technical Analysis: Why Analysts Predict “Made in America” ADA Could Hit $100 With ADA successfully breaking above the upper resistance trendline of a falling wedge pattern, analysts are projecting a reclaim of the $1 psychological level in the short term, alongside a potential new all-time high above $3 in the medium term. Additionally, Cardano’s status as a “Made in America” cryptocurrency, which appeared on President Trump’s strategic reserve list mentioned in March, has led many analysts to project an ambitious $100 target for ADA. LONG: $ADA /USDT (1W) Cardano is experiencing a #bullish trend, surpassing MA200. pic.twitter.com/LWqWLIP0sj — CryptostarExpert (@CryptostarExper) July 11, 2025 This ambitious target could materialize over the next few market cycles if Cardano successfully secures multiple ETF listings and establishes strategic partnerships across education, government, and business enterprise sectors . On the technical front, the ADA/USDT 2-week chart displays a strong bullish bounce from the crucial support region between the 0.618 and 0.786 Fibonacci retracement levels, which previously functioned as a demand zone. Source: TradingView Following a consolidation period and rejection wicks below $0.60, the Cardano price has now surged to $0.7176, gaining over 22% in the latest candle formation. This particularly indicates renewed buying interest among investors. The projected trajectory suggests a potential pullback before continuation, targeting a recovery wave toward key resistance levels at $0.9989, $1.2164, and ultimately $1.3795. The Fibonacci structure adds to this bullish outlook, as price action reclaims levels above the golden ratio (0.618), increasing the probability of continuation if momentum remains sustained. Should bulls successfully defend the $0.65–$0.70 region during any minor retracement, ADA could enter a medium-term uptrend targeting the $1.00 psychological zone and higher levels. And with broader adoption expected to accelerate in the coming years, a long-term move toward $100 ADA is no longer out of the question. While ADA Pumps, Smart Money Find 349% APY in Bitcoin Hyper Presale With the crypto market swinging wildly, many investors are now looking for undervalued altcoins with serious upside potential. One new project catching attention is Bitcoin Hyper (HYPER) – the main token powering the first-ever Layer 2 chain built for Bitcoin. Put simply, HYPER is designed to make Bitcoin faster and cheaper by using Solana-style technology behind the scenes. Right now, HYPER is still in its presale phase, meaning early buyers can grab tokens at a discount before they officially launch on public exchanges. Source: Bitcoin Hyper Within just one month, Bitcoin Hyper has attracted over $2.37 million in investments. Early buyers are already benefiting from substantial 349% APY staking rewards. Investors can join institutional whales in acquiring Bitcoin Hyper today at the lowest available price of $0.012225. Time is of the essence, as the price tier increases within the next 30 hours. You can keep up with Bitcoin Hyper on X and Telegram , or join the presale on the Bitcoin Hyper website . The post Cardano Price Prediction: ADA Prepares to Break Out of Descending Channel Pattern – Is $100 ADA Next? appeared first on Cryptonews .
The world of digital assets is buzzing with incredible news! We’re witnessing a monumental wave of crypto funding , with the industry rapidly approaching a staggering $18 billion in total investments this year. This isn’t just a minor uptick; it’s a powerful signal of growing confidence and maturity within the blockchain ecosystem. If you’ve been following the market, you know that sustained investment is a key indicator of health and future potential, and these numbers are shouting optimism from the rooftops. What’s Driving This Unprecedented Crypto Funding Boom? Recent reports highlight an astounding pace of investment. Just last week, seven crypto projects collectively secured over $141 million. This impressive figure has pushed the total funding for crypto startups this year to nearly $11 billion, according to DL News, citing data from DefiLlama. What’s truly remarkable is that this sum already surpasses the total funding recorded for all of 2023 by more than $1 billion! This isn’t just about breaking records; it’s about setting new benchmarks for growth. The current trajectory suggests that the industry is well on its way to exceeding PitchBook’s annual funding forecast of $18 billion. This surge isn’t accidental; it’s a culmination of several factors converging to create a fertile ground for investment. Here’s a closer look at what’s fueling this remarkable influx of capital: Market Recovery and Maturation: Following a period of consolidation, the crypto market has shown significant signs of recovery. Key events like the approval of spot Bitcoin ETFs and the Bitcoin halving have injected renewed optimism and legitimacy, drawing in both retail and institutional investors. Clearer Use Cases: Projects are no longer just speculative; they’re solving real-world problems. From decentralized finance (DeFi) to gaming (GameFi), and from supply chain management to digital identity, the practical applications of blockchain technology are becoming increasingly evident. Institutional Confidence: More traditional financial institutions are entering the space, either directly through investments or by offering crypto-related services. This institutional validation brings substantial capital and expertise. Innovation Across Sectors: New sectors within crypto, such as Real World Assets (RWA), DePIN (Decentralized Physical Infrastructure Networks), and the convergence of AI with blockchain, are attracting significant attention and capital. The Evolution of Blockchain Investment: Where is the Capital Flowing? The nature of blockchain investment is evolving. It’s no longer just about backing the next big token; it’s about funding foundational infrastructure, innovative applications, and projects that demonstrate long-term viability. A particularly interesting trend noted by DL News is that two of the five largest fundraisers last week are actively adding Bitcoin to their balance sheets. This move signals a strategic shift, where companies are not just raising capital in fiat or stablecoins, but are also accumulating Bitcoin as a treasury asset, reflecting deep conviction in its future value and role as digital gold. This trend highlights a growing confidence in Bitcoin as a robust and appreciating asset, rather than just a volatile speculative instrument. It also suggests that companies are looking beyond immediate operational needs, adopting a long-term strategy that incorporates digital assets directly into their financial reserves. Key Areas Attracting Significant Blockchain Investment: Investment Area Description & Why It’s Hot DeFi (Decentralized Finance) Still a powerhouse, focusing on scalable, secure, and user-friendly protocols for lending, borrowing, and trading without intermediaries. Attracts capital for its potential to revolutionize traditional finance. Gaming & Metaverse (GameFi) Merging gaming with blockchain to create play-to-earn models and true digital ownership. Investments are pouring into high-quality game development and metaverse infrastructure. Infrastructure & Layer 2 Solutions Projects building the foundational layers, scaling solutions (e.g., rollups), and interoperability protocols that enable the entire ecosystem to function more efficiently and at a larger scale. Essential for widespread adoption. Real World Assets (RWA) Tokenization Bridging traditional assets (like real estate, bonds, commodities) to the blockchain. This unlocks liquidity and efficiency, attracting significant interest from institutional investors. AI + Blockchain Synergy Projects exploring how AI can enhance blockchain (e.g., for security, data analysis) or how blockchain can decentralize AI (e.g., decentralized AI training, data marketplaces). A rapidly emerging and exciting field. Are Web3 Startups Leading the Charge? Absolutely. The term Web3 startups encompasses a vast array of innovative companies pushing the boundaries of decentralized technology. These are the pioneers building the next generation of the internet, characterized by decentralization, user ownership, and token-based economies. The significant capital flowing into these ventures indicates a strong belief in the long-term vision of Web3. From decentralized social media platforms to new forms of digital identity, and from robust data privacy solutions to creator economy tools, Web3 startups are attracting investment because they promise to fundamentally shift power dynamics from centralized entities to individual users. This aligns with a broader societal push for more equitable and transparent digital interactions. Key Characteristics of Funded Web3 Startups: Solving Real Problems: Moving beyond hype, these startups address issues like data privacy, censorship, and lack of ownership. Strong Teams: Investors prioritize teams with proven track records, technical expertise, and a clear vision. Scalability and User Experience: Focus on building products that can handle large user bases and offer intuitive interfaces, crucial for mainstream adoption. Sustainable Tokenomics: Designing token models that align incentives and ensure long-term viability for the project and its community. How Does This Impact Overall Digital Asset Growth? The influx of capital directly correlates with broader digital asset growth . When startups receive significant funding, it fuels innovation, development, and expansion. This leads to: Increased Innovation: More resources mean faster development of new technologies, protocols, and applications. Talent Attraction: Well-funded projects can attract top talent, further accelerating growth and quality within the ecosystem. Infrastructure Development: Capital is deployed to build more robust, secure, and scalable infrastructure, benefiting the entire digital asset landscape. Market Liquidity and Adoption: As more projects launch and gain traction, they contribute to overall market liquidity and drive greater mainstream adoption of digital assets. Enhanced Trust and Legitimacy: Significant venture capital backing signals to the wider market that these projects are serious, well-vetted, and have long-term potential, fostering greater trust. Essentially, this funding surge acts as a powerful accelerator, propelling the entire digital asset ecosystem forward and paving the way for new use cases and greater utility for cryptocurrencies and blockchain technology. What Role is Venture Capital Crypto Playing in This Evolution? Venture capital crypto firms are the primary drivers behind this funding boom. These specialized VCs understand the unique nuances of the crypto market, possess deep industry connections, and are willing to take calculated risks on nascent technologies. Their strategic investments are not just about providing capital; they often come with mentorship, networking opportunities, and strategic guidance that are invaluable for young startups. The shift in venture capital focus from purely speculative bets to more utility-driven and revenue-generating projects is a clear sign of the industry’s maturation. VCs are now looking for sustainable business models, strong governance, and clear pathways to adoption, rather than just hype. This discerning approach ensures that the capital is directed towards projects with the highest potential for long-term success and impact. Challenges and Considerations Amidst the Boom: While the funding surge is overwhelmingly positive, it’s important to acknowledge potential challenges: Regulatory Uncertainty: The evolving regulatory landscape in various jurisdictions can still pose challenges for global crypto projects. Market Volatility: Despite signs of recovery, the crypto market remains inherently volatile, which can impact investor sentiment. Talent Wars: The demand for skilled blockchain developers and professionals is high, leading to intense competition for talent. Project Dilution: A rapid influx of new projects could lead to dilution of attention and resources, making it harder for truly innovative projects to stand out. However, the sheer volume of investment suggests that the benefits and opportunities far outweigh these risks in the eyes of sophisticated investors. The Future is Bright: What Does This Mean for You? This unprecedented surge in crypto funding paints a remarkably positive picture for the future of the digital asset space. It signifies that smart money is flowing into foundational technologies and innovative applications, paving the way for a more decentralized, efficient, and user-centric digital world. For entrepreneurs, this means more opportunities for groundbreaking projects to secure the capital needed to thrive. For developers, it means a robust job market and exciting challenges. For users, it promises more refined, secure, and impactful blockchain-powered products and services. The industry’s trajectory towards surpassing $18 billion in funding this year is not just a financial milestone; it’s a testament to the enduring power and transformative potential of blockchain technology. It underscores a collective belief that digital assets and decentralized systems are not just a fleeting trend, but a fundamental shift in how we interact with technology, finance, and each other. To learn more about the latest crypto funding trends, explore our article on key developments shaping blockchain investment and digital asset growth.
Upbit’s recent listing of Ethena’s ENA token marks a significant development in enhancing liquidity and market access within South Korea’s crypto ecosystem. The ENA token experienced a notable price surge
A Friday report from Bloomberg suggested closer ties between US President Donald Trump's family-backed crypto business and one of the largest digital asset exchanges.
Sei extended its recent gains to its highest level in five months, jumping 22% to touch highs of $0.35, with stablecoin integration a key catalyst. The Sei ( SEI ) token gained as top cryptocurrencies mirrored Bitcoin ( BTC )’s surge to new record highs. With Bitcoin rallying to above $118k to see over $1 billion in shorts liquidated , Sei broke out. Prices tapped bullish momentum to break above the key resistance of $0.30, with bulls taking advantage to hit levels last seen on January 31, 2025. The supply zone around intraday highs of $0.35 represents a previous key support level from November 2024, above which SEI rose to hit $0.73. Sei price chart. Source: crypto.news The Sei token reached its all-time high of $1.14 in March 2024. You might also like: Omni Network crypto explodes amid staggering $1.4b derivatives volume Sei gains amid stablecoin traction On July 10, the Sei Development Foundation announced a major milestone for the layer 1 blockchain network, a step it said is more than transformative. A year after its Sei V2 network launched, the ecosystem has seen a nearly 800% spike in total value locked and over 3,600% surge in daily Ethereum Virtual Machine transactions.The L1 has also attracted a huge number of developers. Stablecoin integration is what sets Sei ready for the next level of growth – from a high-performance network to the crypto and financial markets’ cross-chain liquidity hub. Putting Sei on the map is its integration of native USDC ( USDC ), the stablecoin’s native access coming at a time Sei has notched a 100% rise in stablecoin TVL. This aligns with a 300% spike in stablecoin transactions, notably pushing monthly stablecoin transactions to approximately 240 million since January 2024. Stablecoin TVL on Sei has grown by over 100% in the past 4 months. Just the start. ($/acc) pic.twitter.com/zcupEx0mRs — Sei (@SeiNetwork) July 9, 2025 Also launching on Sei is Circle’s cross-chain transfer protocol. CCTP V2 will help unlock the next phase of cross-chain value. Other than a fresh institutional on/off-ramp, native USDC means Sei growth as it becomes a key player in decentralized finance, gaming and payments and more. “Native USDC turns Sei’s high-speed infrastructure into trusted financial rails, ready for institutional scale,” the Sei team noted. Read more: SEI targets 55% rally as native USDC support sparks inverse H&S breakout
TL;DR The consolidation phase for many altcoins, including XRP, seems to be over, and Ripple’s native token is on the run again toward $3. On its way up, it managed to surpass USDT in terms of market cap and is now back in the third spot after months of hiatus. XRPUSD. Source: TradingView The graph above clearly demonstrates the price stagnation XRP had to endure for the past month or so. Its upper boundary was at around $2.6, while it also tested the lower one at $1.9 during the darkest hours of the war between Israel and Iran. Nevertheless, each attempt met immediate rejections, and the cryptocurrency was pushed south to a tight range between $2.2 and $2.3. However, there were multiple signs that the consolidation could be coming to an end, and one analyst even warned that most traders will miss the breakout. Such a price surge indeed started to materialize in the past few days, and especially today. XRP has been among the top performers on a daily scale, having surged by 20% at one point and coming close to $3 on most exchanges. Although it was stopped there and now sits just under $2.8, it’s still up by over 12% since yesterday. Its market cap has spiked above $160 billion for the first time in months, and XRP has now become the third-largest cryptocurrency, by overtaking Tether’s USDT. The move north was quickly picked up by the XRP Army, many of whom praised the asset’s performance and provided some bullish (and outrageous) predictions. $XRP at $2,500 isn’t just a dream. -Because a pump like 2017 would easily clear $2,000 Fact: The yearly resistance is now free so expect vertical price discovery. pic.twitter.com/A4G3PasuVk — Crypto Bitlord (@crypto_bitlord7) July 11, 2025 The post XRP Breaks Free With Double-Digit Gains — Flips USDT in Market Shake-Up appeared first on CryptoPotato .
Despite the recent market momentum, the majority of cryptocurrencies have yet to achieve their all-time highs (ATH). This trend suggests that Bitcoin, as the leading digital asset, retains significant upside
Most of the big brands that advertise on X have kept quiet about their plans after the site’s AI chatbot, Grok, praised Hitler and shared antisemitic conspiracy theories on Tuesday, with CEO Linda Yaccarino stepping down the next day. In 2023, brands such as Apple, Disney, and Warner Bros. Discovery stopped their advertising investments after owner Elon Musk sided with a user claiming Jewish communities had incited “dialectical hatred against whites.” In 2024, many quietly resumed campaigns but on a much tighter budget. This week, NBC News contacted 31 advertisers that have run campaigns on X in recent years. The list included Temu, Robinhood, Shein, Dell, Waymo, Samsung, the NFL, Amazon, Microsoft, the NBA, and Apple. Almost all of them either did not answer or said they would not comment on any potential pause in their ad buys. DraftKings, identified as one of X’s top advertisers in early 2025, is said to be reviewing the situation internally, according to an insider. Amazon once again declined to elaborate on its strategy. Red Deer Games, another formerly significant spender, confirmed it has paused all ads on the platform, though it did not specify the timing or any specific reason. Analysts note that ad spending on X remains substantially lower than the levels seen before Musk’s late-2022 takeover. Grok’s content traced to X’s toxic feed Brett House, senior vice president at a firm that tracks digital ad metrics, warned, “Brands that already left or cut back are not coming back.” He added, “It’s more effective to put money into places like TikTok.” X has now seen 18 straight months of year-over-year ad revenue declines. “You’re not going to return unless you see real change inside the company,” he noted. By Wednesday, Musk said Grok’s antisemitic remarks were “being addressed,” and in the following period, the chatbot refrained from further overt hate. X representatives did not offer additional details. Grok operates as an LLM akin to ChatGPT, sourcing part of its training from user posts on X, which often include hateful or white supremacist content. Grok is a large language model, similar to ChatGPT, that draws partly on posts made by X users, including hateful and white-supremacist content. Its antisemitic turn came just days after Musk, frustrated with Grok’s habit of correcting false right-wing claims, announced he planned an overhaul of the AI. Even amid the backlash, Musk forged ahead with his AI roadmap. He unveiled Grok 4 on Wednesday night, introducing a premium “SuperGrok Heavy” tier at $300 per month. By Thursday, he declared the assistant would be integrated into Tesla vehicles “next week at the latest.” Musk has also taken a combative stance toward advertisers threatening to leave. Last year, X filed lawsuits against several brands that suspended campaigns after his acquisition. In 2025, those legal actions broadened to include more firms, and the Federal Trade Commission has begun querying companies about their boycotts, per The Wall Street Journal. At the 2023 DealBook summit, Musk pushed back against the advertisers publicly. “If somebody’s going to try to blackmail me with advertising? Blackmail me with money? Go f*** yourself. Go. F*** Yourself. Is that clear?” X’s advertising future in doubt after CEO resigns He even singled out Disney’s Bob Iger by name, though he later clarified his remarks were not aimed at the ad sector as a whole. Yaccarino’s exit also puts ad deals at risk. Known for winning back former clients, she wouldn’t say if Grok’s antisemitic post affected her decision. An insider told NBC News she had been planning to resign for over a week. LouPaskalis, chief strategy officer at Ad Fontes Media, said Yaccarino helped prevent a bigger loss of sponsors, but he doubts the platform will win back major ad budgets. “Linda did more to restore brands than almost anyone could have,” he said. “But if Elon’s camp thinks she failed because spending didn’t get back to pre-Musk levels, that’s just naive. Now, advertisers will slowly pull away. Nobody wants to risk being named in a lawsuit.” Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now