Key Takeaways The US House passed President Trump’s spending bill on Thursday; it’s now heading to Trump for his signature. The legislation includes tax cuts, increased discretionary spending, and safety-net …
Andrew Grant
-
-
Crypto
Grayscale ETF Faces Indefinite Delay as SEC Reassesses Earlier Approval
by Andrew Grantby Andrew GrantIt only took one day for the US Securities and Exchange Commission (SEC) to walk back on an approval given to Grayscale Digital Large Cap Fund (GDLC) to convert to …
-
Crypto
Is This the Biggest Bullish Divergence for Ethereum’s Price in July?
by Andrew Grantby Andrew GrantWhile Ethereum’s price remained subdued throughout June, data reveals a different story for the network itself. Beneath the surface, metrics quietly reached historic highs. That quiet gave way to movement …
-
U.S. Senator Cynthia Lummis has introduced a cryptocurrency tax legislation proposal aimed at enacting a comprehensive digital asset tax framework in the United States. Lummis, who leads the Senate Banking …
-
Crypto
Senator Lummis proposes to exempt small crypto transactions from taxes, ending double taxation for miners and stakers
by Andrew Grantby Andrew GrantKey Takeaways Senator Lummis introduced legislation to modernize crypto tax rules and encourage innovation. The proposal includes a $300 de minimis exemption and updated rules for miners, stakers, and lending. …
-
Crypto
BlackRock’s spot Bitcoin ETF IBIT Surpasses S&P 500 ETF Annual Revenue
by Andrew Grantby Andrew GrantBlackRock’s spot Bitcoin ETF, trading under the ticker IBIT, has overtaken BlackRock flagship S&P 500 ETF (IVV) in annual revenue generation. Despite being a fraction of its size in terms …
-
TL;DR The penguin-themed meme coin reached a two-month high, while its market cap exceeded $1 billion. Analysts see potential for further gains, with Ali Martinez noting striking similarities between PENGU’s …
-
Crypto
The ‘Venmo moment’ for crypto? Binance Pay’s scan-and-send upgrade gets us close
by Andrew Grantby Andrew GrantCopy-pasting addresses and double-checking characters may soon be obsolete. With Send On-Chain and Send via Contact, Binance Pay reduces crypto transfers to two steps: scan or select, then send. The …
-
Crypto
Bitcoin could retest $90K as Trump’s Big Beautiful Bill sets stage for liquidity crunch: Arthur Hayes
by Andrew Grantby Andrew GrantKey Takeaways The US Treasury’s plan to refill the TGA may temporarily contract dollar liquidity, which could impact Bitcoin’s price and risk a $90,000 retest. Investors are reallocating portfolios toward …
-
Crypto
XRP Crypto on Course to Break $3 as Ripple Applies for a National Banking License
by Andrew Grantby Andrew GrantXRP crypto bulls are targeting $3. Ripple, the issuer of RLUSD stablecoin, has submitted an application to the OCC for a national banking license. Yesterday, XRP crypto surged, closing above …