Congress just delivered a massive win for crypto innovation, overturning the controversial IRS crypto rules that critics say stifled digital asset growth and pushed development overseas. US House and Senate Overturn IRS Crypto Rules, Easing Compliance Burdens The U.S. House of Representatives approved H.J. Res. 25 on March 11, aiming to overturn the previous administration’s […] Source CryptoX Portal
QCP Capital highlights a stark reversal in post-election market optimism as U.S. equities and crypto face historic sell-offs amid shifting fiscal and risk sentiments. Bitcoin Tests Key Support Level Amid Market Turmoil QCP Capital reported that U.S. stock markets extended declines following former President Donald Trump’s recent remarks, with the S&P 500 and Nasdaq dropping […] Source CryptoX Portal
A majority of lawmakers in the U.S. House of Representatives voted to overturn an IRS rule treating crypto entities as brokers and requiring them to collect certain taxpayer and transaction information, including decentralized finance (DeFi) platforms. With a 292-132 vote, a bipartisan majority in the House joined the U.S. Senate in advancing the Congressional Review Act resolution overturning the rule finalized in the closing days of former President Joe Biden’s administration. Missouri Republican Jason Smith, urging his fellow lawmakers to vote for the resolution earlier in the day, said the…
Franklin Templeton filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) on March 11, 2025, to launch the Franklin XRP ETF, a spot exchange-traded fund designed to track the price of the cryptocurrency XRP. Franklin Templeton Files to Launch XRP ETF, Leveraging Coinbase Custody and Cboe Listing The proposed Franklin XRP ETF, […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin’s drop to $80k has shaken the market, but an expert sees an 80% surge ahead, fueling bullish optimism for altcoins like BTCBULL. Bitcoin (BTC) saw a dramatic fall to $80,000, leaving investors questioning and reassessing their positions. However, one analyst sees BTC soaring to a new all-time high. Financial expert Tom Lee remains very optimistic about Bitcoin’s trajectory, maintaining his forecast of a $150,000 valuation by December 2025…
Robinhood’s (HOOD) crypto trading volumes took a steep hit in February, tumbling 29% from the previous month in a retail-trader-led decline that might carry a message for other platforms including Coinbase (COIN). The month-over-month drop to $14.4 billion outpaced declines in equities and options trading, which each fell 1%. Even so, the figure was more than double the year-earlier level, the company said in a press release. The figure shows how trading dropped off as the cryptocurrency market slid. Bitcoin (BTC) lost about 15% of its value last month and…
While panic selling has seen Bitcoin’s price slip below $80,000, whales looking to leverage the potential opportunity have aggressively accumulated over 65,000 BTC. On Mar. 11, as Bitcoin (BTC) struggled near the $80,000 mark, on-chain data and analytics platform CryptoQuant shared details showing that large holders, dubbed whales, have been busy buying on the cheap over the past month. CryptoQuant’s on-chain data indicates that despite the selling pressure leaving small holders in wreck mode, Bitcoin whales have used the 16% pullback over the past 30 days to accumulate more than…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP drops 19% this week, down 33% from January highs, as $23.61m in longs liquidate. XRP has plummeted 19% this week and is down 33% from its January high, although it has managed to hold above the crucial $2 level so far. While XRP is not alone, the broader crypto market is experiencing significant losses; data shows that the bears are firmly in control, with $23.61 million in XRP…
Bitwise Invest has launched the Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund designed to track publicly traded companies that hold at least 1,000 bitcoin (BTC). The index follows specific rules: companies must hold a minimum of 1,000 BTC, with holdings weighted based on the amount of bitcoin owned. The largest holding is capped at 20%, while companies with less than 33% of their assets in bitcoin are weighted at 1.5%. The index rebalances every quarter. According to Bitwise, publicly traded companies collectively held 591,817 BTC as of the…
The recent crypto market downturn has caused the once-popular $120,000 bitcoin (BTC) options bet to lose its crown to the $100,000 bet in a sign that traders are reassessing their bullish expectations. At press time, the $100,000 call was the most popular BTC options contract on the exchange, boasting a notional open interest of $1.55 billion. The notional open interest represents the dollar value of the number of active option contracts at a given time. Meanwhile, the $120,000 call, the former leader up until last month, stood at the number…