Crypto

Altcoins also posted losses Tuesday as profit-taking and weakness in tech stocks dragged crypto markets lower.

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. Republicans in the US Senate narrowly passed a budget reconciliation bill strongly pushed by President Donald Trump and heavily criticized by many members of both parties for concerns about healthcare cuts, artificial intelligence regulation and redistribution of wealth through tax cuts. In a 50-50 vote on Tuesday after more than 24 hours in session, the Senate passed the “One Big Beautiful Bill Act” with Vice President JD Vance acting as the tiebreaker. All Democrats in the chamber and three Republicans voted against the legislation, with many proposing amendments to address concerns around AI regulation and funding to rural hospitals. Amid debate on the bill, Wyoming Senator Cynthia Lummis suggested she would add a provision to address what she called “unfair tax treatment” of cryptocurrency miners and stakers. However, her proposed changes to the bill did not appear in amendments ...

XRP, DOGE lead majors with positive funding rates. BTC & ETH ETFs extend inflows streak. RexShares SOL staking ETF to go live Wednesday. SEC delays staking for Bitwise ETH ETF. Robinhood intros staking, tokenised stocks, L2 chain. Robinhood stock hits ATH on announcements. Raydium, XStocks launch tokenised stocks trading. Jupiter allows swap of SOL memecoins to stocks. ByBit, Backed collab for tokenised stocks, ETF. Centrifuge to launch tokenised S&P 500 index. Lummis calls for end to unfair taxes on crypto. Stablecoin bill could be finalised by mid-July. Connecticut bans creation of state BTC reserve. Strategy buys $532m BTC. Bitmine to turn into Strategy of ETH, stock up 7x. Circle applies for National Trust Bank license in US. Baer now Head of Product at X, also SOL advisor. Katana launches L2 after $200m deposits.

Michael Saylor's tech company is expected to post over $13 billion in unrealized gains from its Bitcoin holdings in the second quarter of 2025. Strategy, the world’s largest corporate holder of Bitcoin, is expected to post mixed financials for the second quarter of 2025. According to a Bloomberg analysis on Tuesday, the company is projected to report more than $13 billion in unrealized gains for 2Q 2025, driven by its massive crypto holdings. In stark contrast, its core software business is forecast to generate just $112.8 million in revenue, reflecting a widening gap between its digital asset exposure and operational performance. Data from Bitcoin Treasuries shows that Strategy held 528,185 Bitcoin (BTC) as of Mar. 31, worth over $43.5 billion at the time. The company's holdings stood at $56.3 billion Monday, resulting in an unrealized gain of $12.8 billion during the past three months. Read more

Strategy (formerly MicroStrategy), the largest public holder of Bitcoin, is again making headlines—this time for potentially qualifying for inclusion in the prestigious S&P 500 index. On July 1, Jeff Walton, founder of MSTR True North, revealed that the company will likely report an $11 billion net income for the just-concluded second quarter of the year. […] The post Bitcoin powerhouse Strategy nears S&P 500 inclusion as net income soars appeared first on CryptoSlate.

James suggested Congress require stablecoin issuers to use “digital identity technology” in all stablecoin purchases and transactions in order to protect national security.

Bitcoin exchange reserves drop to a seven-year low, signaling a potential supply shock as institutional buying from ETFs continues. Key takeaways: Bitcoin’s percent supply on exchanges has dropped below 15% for the first time since 2018. Depleting exchange supply and OTC balances, pointing to “supply shock” and long-term accumulation. Read more

Betting on a coin flip isn’t bad odds when you’ve spent all day in the meme coin trenches—plus Token Yugijo gives you an AI-powered pal.

Bitcoin Cash hits 7-month high at $519, up 29% monthly on whale buying spree, but momentum may be cooling as big player activity drops 90%.

The XRP price has inched up to $2.21 today, but has its chart moved into a position where it could enjoy a huge breakout soon? The post XRP Price Prediction – Closing Above $2.30 Could Trigger the Next XRP Supercycle appeared first on Cryptonews.

Pi price turned bearish after key updates failed to boost momentum. A rebound from $0.47 is possible, but $0.66 remains a strong resistance level to clear. Key points: The recent announcement of two major features has failed to arrest the fall in PI price, but a bounce could start from $0.47. Pi (PI) announced the release of two major features on Friday, but the news has failed to ignite the markets.  Read more

Protect Progress, an affiliate of the cryptocurrency-backed Fairshake PAC, spent more than $1 million on media buys to support Democratic candidate James Walkinshaw. James Walkinshaw, a Democratic candidate seeking to replace the late Representative Gerry Connolly for Virginia’s 11th Congressional District, won a party primary after a cryptocurrency-backed political action committee (PAC) spent more than $1 million to support his race. On Saturday, Democrats in Virginia’s 11th district held a firehouse primary to decide on a possible replacement for Connolly after his death while in office. A special election to determine who will represent the district will be held on Sept. 9. Walkinshaw beat out other candidates to become the Democratic nominee for the House seat, and the cryptocurrency industry may have played a role in his success, given reports of media buys by the Protect Progress PAC. According to Federal Election Commission filings, the committee spent more than $1 million to support Walkinshaw in Jun...

Hopes rose then quickly fell on a potential effort to slip a crypto tax provision into the legislation meant to activate Trump's core policy agenda.

Quantum computing is a looming threat to the systems that crypto depends on, says David Carvalho, CEO of Naoris Protocol. Here’s how to get quantum-prepared.

Solana continued processing over 100 million daily transactions and supporting 500,000 active wallets, even during market-wide volatility.

Coinbase faces legal setback and $95M selloff but analysts see upside potential and are predicting $1.33 per share gain in Q2 earnings.

Marketed with Trump’s name but lacking a white paper or utility, the TRUMP token surged to a multibillion-dollar valuation before crashing. The Trump-themed memecoin surged to a multibillion-dollar valuation despite lacking a white paper, a roadmap or a clear purpose beyond speculation. Launched on Jan. 17, 2025, on the Solana blockchain, the TRUMP memecoin quickly became one of the most controversial political tokens to date. Though marketed with Donald Trump’s name, the project initially disclaimed any political or financial purpose.  Read more

XRP, DOGE lead majors with positive funding rates. BTC & ETH ETFs extend inflows streak. RexShares SOL staking ETF to go live Wednesday. SEC delays staking for Bitwise ETH ETF. Robinhood intros staking, tokenised stocks, L2 chain. Robinhood stock hits ATH on announcements. Raydium, XStocks launch tokenised stocks trading. Jupiter allows swap of SOL memecoins to stocks. ByBit, Backed collab for tokenised stocks, ETF. Centrifuge to launch tokenised S&P 500 index. Lummis calls for end to unfair taxes on crypto. Stablecoin bill could be finalised by mid-July. Connecticut bans creation of state BTC reserve. Strategy buys $532m BTC. Bitmine to turn into Strategy of ETH, stock up 7x. Circle applies for National Trust Bank license in US. Baer now Head of Product at X, also SOL advisor. Katana launches L2 after $200m deposits.

Solana (SOL) is quietly gaining strength ahead of a major catalyst, with bullish momentum building just as the first-ever Solana staking ETF wins U.S. approval.The REX-Osprey Solana and Staking ETF (SSK) is set to launch on Wednesday, signaling a new era of institutional exposure that could fuel a breakout rally.With SOL steadily climbing and sentiment […] The post Solana Price Prediction – First-Ever US Staking ETF Goes Live Wednesday: Is This the Catalyst for $500 SOL? appeared first on Cryptonews.