Senator Seeks to Waive U.S. Taxes on Small-Scale Crypto Activity in Big Budget Bill

Ethereum's price has been on a rollercoaster lately, but it's holding steady above $2,400 despite the ups and downs. What’s interesting? Long-term holders (LTHs) are buying up ETH in big amounts during this shaky period—suggesting they see value at these levels. Analysts are split on what comes next: some think a breakout is brewing, while others warn of a drop if key support zones crack.

Editor’s Note: Big players accumulating Ethereum during a choppy market could signal confidence in its long-term potential—or just smart bargain-hunting. Either way, it’s a sign that seasoned investors aren’t spooked by the recent volatility. For crypto watchers, this tug-of-war between bulls and bears could set the tone for ETH’s next major move. Keep an eye on those demand zones—they’ll tell us who’s winning.

XRP, the cryptocurrency often overshadowed by Bitcoin, is starting to catch Wall Street's attention. Companies are adopting a strategy similar to Bitcoin's treasury model—holding XRP as part of their financial reserves. This signals growing institutional interest, which could boost XRP's legitimacy and market stability.

Editor’s Note: While Bitcoin has long been the go-to crypto for corporate treasuries, seeing XRP gain traction suggests the market is diversifying. If more firms treat XRP like a reserve asset, it could mean steadier demand and less volatility—good news for investors and the broader crypto ecosystem. It’s another sign that digital assets are becoming a normalized part of finance, not just speculative bets.

Solana's price shot up to $161 following news of a potential ETF launch, giving traders a quick boost. But experts are skeptical—weak fundamentals, shaky institutional interest, and fierce competition from other cryptos might make this rally short-lived.

Editor’s Note: ETFs usually mean big money flowing in, but Solana's surge feels more like hype than a real turnaround. If you're holding SOL, enjoy the spike, but don't bet the farm—this could just be another crypto rollercoaster moment.

Senator Cynthia Lummis is pushing to exempt small crypto transactions from U.S. taxes as part of a larger budget bill. The proposal is part of broader amendments designed to ease tax pressures on everyday crypto users and key sectors of the industry.

Editor’s Note: If passed, this could make life simpler for casual crypto traders and small-scale investors who currently face confusing tax rules for minor transactions. It signals growing political efforts to adapt outdated tax policies to the realities of digital assets—though it’s still just one piece of a much bigger puzzle.

Decentralized exchanges (DEXs) hit a milestone in June, handling about $385 billion in spot trades—nearly 30% of the volume seen on centralized exchanges (CEXs). While both DEX and CEX trading dipped from May (DEXs down 12%, CEXs down 30%), the fact that DEXs now account for almost a third of CEX activity shows how much crypto traders are embracing decentralized platforms.

Editor’s Note: This isn’t just about numbers—it’s a sign of shifting trust and habits in crypto. DEXs are no longer niche; they’re eating into CEX dominance, likely fueled by users wanting more control and transparency after years of centralized exchange blowups. Even with the broader market slump, DEXs are holding their ground better than CEXs, hinting at a long-term trend.