New York Assembly Member Phil Steck has introduced legislation imposing a 0.2% excise tax on all digital asset transactions, including crypto and NFT sales or transfers. According to the bill filing, the proceeds will be earmarked for expanding substance abuse prevention programs in upstate schools. Source: NYAssembly State Revenue Generation Targets Growing Digital Asset Sector…
An anonymous whale has acquired $792 million worth of Bitcoin following a brutal liquidation event that wiped out $1.05 billion in leveraged positions after unexpectedly high US inflation data triggered widespread market selloffs. The massive purchase occurred as Bitcoin retreated from its new all-time high of $124,457 to current levels around $119,000. The acquisition also…
Bitcoin is trading at $119,040, staging a modest rebound after slipping from the $123,236 resistance earlier this week. On the 4-hour chart, price remains within a broad ascending channel that has guided its uptrend since early August. The 50-SMA at $118,753 is acting as dynamic support, repeatedly halting intraday pullbacks, while the 0.236 Fibonacci retracement…
A morning soundbite from Treasury Secretary Scott Bessent briefly rattled Bitcoin and crypto markets on Thursday before a late-day clarification restored the policy baseline: the United States won’t be sellers, and “budget-neutral” options to grow the country’s bitcoin stockpile remain on the table. Senator Cynthia Lummis swiftly framed the endpoint. “America needs the BITCOIN Act,”…
As cryptocurrency assets continue to gain mainstream adoption, Sunny Mining has officially launched its new mobile cloud mining application, declaring it is now possible to “put mining in your pocket.” The app aims to offer users worldwide a more convenient and eco-friendly path to passive income. This article will walk you through the highlights and…
Thật dễ để xem nhẹ memecoin – những loại tiền điện tử gắn liền với xu hướng trên Internet nhưng gần như không có mục đích cơ bản – và coi chúng là hình thức “đánh bạc” tồi tệ nhất trong thế giới crypto. Tuy nhiên, theo Olaf Carlson-Wee, nhà sáng lập một trong những…
XRP has yet to put in a major pump after the conclusion of Ripple’s legal battle with the Securities and Exchange Commission (SEC), leading to questions as to why the altcoin is struggling. So far, XRP looks to be under a lot of selling pressure, but this could just be the preparation for the next…
There is a significant derivatives market shift on Binance as Bitcoin fell from $124K to below $118K. The exchange’s open interest (OI) plunged by 5% within hours, which means that many traders rapidly exited positions or closed leverage in reaction to the sudden price drop. Local Bottom Such a behavior reflects a swift change in…
TL;DR Ethereum rebounds from $4,500 support, with one analyst mapping four scenarios, including a possible run to $5,000. U.S. spot Ethereum ETFs record $3.71B inflows in eight days, led by $519.7M into BlackRock’s fund. Exchange reserves drop to 18.5M ETH, the lowest in three years, pointing to a tighter available market supply. Price Action and…
The Ethereum price has struggled to keep up with the rapid acceleration of Bitcoin over the years, failing to put in a new all-time high despite Bitcoin crossing $120,000. However, with a turn toward altcoins, Ethereum has quickly become the center of attention, especially after ETH crossed the $4,000 level. Now, as interest balloons, expectations…