Trump's Bitcoin Tax Reform: A Game-Changing Proposal for Cryptocurrency Adoption
The cryptocurrency community urges Donald Trump to pledge eliminating capital gains taxes on Bitcoin if elected in 2024. This bold policy shift could revolutionize digital asset adoption in the US while attracting investment and innovation, though critics warn of potential revenue losses.
Bitcoin's Wild Ride: $303M Liquidation Amid Trump-Fueled Rally to $103K
Bitcoin's dramatic price action saw it surge to $103,000 before a sudden 10% plunge triggered $303.5M in liquidations. The cryptocurrency quickly rebounded above $101,000, buoyed by speculation around Trump's pro-crypto policies and promises to make the US a 'Bitcoin superpower.'
Bitcoin Jesus Challenges $50M Tax Evasion Case Over Cryptocurrency Transactions
Roger Ver, known as 'Bitcoin Jesus', fights an eight-count tax evasion indictment involving $50M in unreported Bitcoin gains and alleged undervaluation of companies during citizenship renunciation. His defense team claims prosecutorial misconduct and unclear crypto regulations in their motion to dismiss.
US Government Transfers $2 Billion in Seized Bitcoin to Coinbase
The US government has moved nearly 20,000 Bitcoin worth $2 billion to Coinbase Prime, marking one of its largest crypto transfers from Silk Road seizures. The transfer sparked market speculation but prices remained stable, while the government still holds substantial cryptocurrency assets.
Dogecoin Surges After Unexpected Bernie Sanders-Elon Musk Alliance on Government Reform
Dogecoin experienced a 9% price surge following Senator Bernie Sanders' support for Elon Musk's proposed Department of Government Efficiency (DOGE). The unlikely alliance between the progressive senator and tech billionaire sparked enthusiasm among crypto investors, driving trading volume up 40% to $8.93 billion.
Gen Z Leads Crypto Revolution: 34% Prefer Digital Currency Over Cash
A groundbreaking survey reveals Generation Z's strong preference for cryptocurrency, with 34% favoring digital currencies over traditional cash. The study highlights Gen Z's higher risk tolerance, social media-driven investment education, and projected wealth growth that could reshape the financial landscape by 2031.
Ethereum ETFs Break Records as BlackRock Leads $332.9M Daily Inflow Surge
Spot Ethereum ETFs in the US achieved unprecedented success with $332.9M in daily inflows, led by BlackRock's dominant $250.4M contribution. The milestone highlights growing institutional appetite for regulated ETH exposure as the cryptocurrency continues its upward trajectory.
Cryptocurrency as a Hedge: Jim Cramer Backs Digital Assets Amid U.S. Deficit Concerns
CNBC's Jim Cramer reinforces his support for cryptocurrencies as a potential safeguard against U.S. government spending and mounting deficit worries. The Mad Money host specifically recommends Bitcoin and Ethereum while expressing skepticism about Washington's ability to address budget challenges.
SEC Chairman Gensler Announces Departure Ahead of Trump's 2025 Return
Gary Gensler, SEC Chairman since 2021, confirms his planned exit to coincide with Donald Trump's presidential inauguration in January 2025. His tenure was marked by aggressive market oversight and cryptocurrency industry regulation, setting the stage for potential policy shifts under the incoming administration.
Cardano's ADA Surges 70% as Regulatory Landscape Brightens
Cardano's native token ADA has experienced a remarkable 70% price surge, driven by growing institutional adoption and improving US regulatory conditions. Market experts attribute the rally to reduced regulatory pressure and increased institutional interest, with substantial trading volumes indicating strong institutional backing.