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Senator Cynthia Lummis revealed on June 30 that she would introduce an amendment to add crypto tax language to the “One Big Beautiful Bill” (OBBB) amid pushes from crypto advocates in the same direction.
Lummis posted on X that she is drafting an OBBB amendment “to ensure Americans can use digital assets without fear of tax violations.” She added:
“For years, miners and stakers have been taxed...
REX Shares spot Solana staking exchange-traded fund (ETF) is poised to become the first SOL ETF to begin trading in the United States, potentially as early as this week.
Bloomberg senior ETF analyst Eric Balchunas said on June 28 that the company’s latest filing with the U.S. Securities and Exchange Commission (SEC) indicates it is ready to go live.
He wrote:
“Rex also filed an updated prospectus...
Robinhood’s stock (HOOD) reached a new all-time high (ATH) after it revealed plans to launch several innovative products, including its own Layer 2 blockchain, tokenized stocks offering, perpetual futures trading, and crypto staking services.
Following the news, the stock surged approximately 11% to $92, a new all-time high for the firm. This extends a growth trend that has seen the shares rise...
The XRP Ledger (XRPL) has launched its Ethereum Virtual Machine (EVM) sidechain on the mainnet, according to a June 30 announcement.
The sidechain would allow developers to create, port, and deploy Ethereum-compatible decentralized applications (dApps) within the XRPL ecosystem.
The XRPL EVM sidechain is built to be fast and secure and is connected to the XRP Ledger via the Axelar Bridge. Axelar...
Institutional Bitcoin accumulation shows no signs of slowing as Strategy and Metaplanet purchased close to 6,000 BTC last week, continuing their aggressive acquisition strategies.
According to their separate announcements on June 30, the two companies acquired 5,985 BTC, investing approximately $640 million in the process.
Strategy moves closer to 600K BTC
Strategy, the largest corporate holder...
Crypto investment products recorded $2.7 billion in net inflows last week, according to CoinShares’ latest report.
This marks the eleventh consecutive week of positive flows, bringing the streak of inflows to $16.9 billion and helping push the year-to-date total to $17.8 billion. The sustained inflows helped push total assets under management for crypto investment products above $184 billion, a...
Bitcoin surged to an all-time high last month, bolstered by growing institutional demand and a wave of Wall Street adoption.
However, the rally has since slowed, and BTC has been stuck in a narrow range. It even briefly fell under $100,000 amid geopolitical tensions involving Israel, Iran, and the US.
While Bitcoin’s price quickly recovered to around $106,000 after reports signaled a de-...
BlackRock’s iShares Bitcoin Trust ETF (IBIT) is rapidly cementing its status as the most dominant BTC fund among its peers.
Bitcoin analyst James Check highlighted the divergence in a June 29 X post, noting that total inflows across all other Bitcoin ETFs have stagnated around $20 billion since December 2024.
Chart showing Bitcoin ETF flows excluding GBTC and IBIT from February 2024 to July 2025...
BNB Chain has launched its much-anticipated Maxwell upgrade, a network improvement that aims to halve block times from 1.5 seconds to just 0.75 seconds.
The upgrade, activated on June 30, is expected to significantly boost transaction speeds, enhance network responsiveness, and optimize communication between validators on the Binance Smart Chain (BSC).
The Maxwell upgrade builds upon the...
At the BTC Prague conference this week, Strategy (formerly MicroStrategy) co-founder Michael Saylor stated that Bitcoin treasury companies can grow as quickly as they can issue equity and credit to purchase Bitcoin.
Delving into the business model of Bitcoin treasury companies like Strategy, Saylor explained how corporate investment in BTC can far outpace individual investments.
Business model of...