Rising Cardano price has formed a risky pattern

Cardano price rose for the second consecutive day on Thursday, July 3, as most cryptocurrencies rebounded. Cardano (ADA) jumped to a high of $0.60, gaining over 17% from its June lows and reaching its highest level since June 18. The move pushed Cardano’s market capitalization above $21 billion. The rally followed a key development from…

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Senator Lummis proposes to exempt small crypto transactions from taxes, ending double taxation for miners and stakers

Key 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. Share this article Senator Cynthia Lummis is pushing for digital asset tax reform through new legislation projected to generate $600 million from 2025 to 2034…

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Trump’s ‘Big Beautiful Bill’ clears Congress after narrow House vote, what could this mean for Bitcoin?

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 program reductions. Share this article President Donald Trump’s flagship tax-and-spending legislation, the “Big Beautiful Bill,” cleared Congress on July 3 after passing the House of…

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IMF denies Pakistan’s proposal to offer cheap power to Bitcoin, crypto miners

Key Takeaways The IMF rejected Pakistan’s proposal to offer subsidized electricity rates for crypto mining and energy-intensive industries. Despite electricity surpluses, the IMF is concerned about market distortions and has only approved limited relief plans for the power sector. Share this article The International Monetary Fund (IMF) has dismissed Pakistan’s proposal to lower electricity costs…

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