SonicObamaLockheedMartin69Inu narxiSOL

A whale has once again staked 72,500 SOL tokens, worth $12.62 million.

Senators Urge Treasury to Rethink Tax on Unrealized Crypto Gains A group of Senators has recently called on the U.S. Treasury to reconsider a tax rule that would require companies to pay taxes on unrealized cryptocurrency gains. The Senators argue that this rule would put U.S. firms at a disadvantage compared to foreign competitors and could have unintended consequences for the industry. The Proposed Tax Rule The proposed tax rule would require companies to include unrealized gains on cryptocurrency holdings in their taxable income. This means that companies would have to pay taxes on the increased value of their cryptocurrency holdings, even if they haven't sold them. Impact on U.S. Firms The Senators argue that this rule would put U.S. firms at a disadvantage compared to foreign competitors. Foreign companies may not be subject to the same tax rules, giving them a competitive edge in the market. This could lead to U.S. firms being less competitive and potentially losing market share. Industry Concerns The cryptocurrency industry has expressed concerns about the proposed tax rule. Many believe that it would stifle innovation and investment in the industry. The rule could also lead to companies being forced to sell their cryptocurrency holdings to pay taxes, which could disrupt the market. Call to Action The Senators have urged the Treasury to "act swiftly" and reconsider the proposed tax rule. They argue that the rule could have unintended consequences for the industry and that it's essential to consider the potential impact on U.S. firms and the broader economy. Relevance to the Crypto Market This development is significant for the cryptocurrency market, as it highlights the ongoing debate about taxation and regulation. The outcome of this issue could have implications for the industry, including how companies operate and invest in cryptocurrencies. Altcoins That Could Be Impacted Some altcoins that could be impacted by this development include: 1. Bitcoin (BTC): As the largest cryptocurrency, Bitcoin could be significantly impacted by changes in tax rules. 2. Ethereum (ETH): Ethereum's large market capitalization and widespread adoption make it a key player in the industry. 3. Litecoin (LTC): Litecoin's popularity and liquidity make it a potential candidate for investment and usage. 4. Cardano (ADA): Cardano's focus on regulatory compliance and its growing ecosystem make it an interesting project to watch. 5. Solana (SOL): Solana's fast and scalable blockchain could make it an attractive option for companies looking to build on a cryptocurrency platform. Conclusion The call by Senators to rethink the tax on unrealized crypto gains highlights the ongoing debate about taxation and regulation in the industry. The outcome of this issue could have significant implications for U.S. firms and the broader economy. As the industry continues to evolve, it's essential to stay informed about developments that could impact the market. Disclaimer: This article is for informational purposes only and should not be considered investment advice. Always conduct thorough research and consult with financial experts before making investment decisions. Final Thoughts The cryptocurrency industry is constantly evolving, and regulatory developments can have a significant impact on the market. By staying informed and adapting to changing market conditions, investors can make more informed decisions and navigate the complex world of cryptocurrency.

A whale withdrew 725,000 SOL from FalconX and pledged it According to OnChain Lens monitoring, a whale withdrew 725,000 SOL from FalconX and pledged it, with a value of US$12.62 million.

Market continues its rally amid data showing that core CPI rose 0.2% month-over-month and held steady at 2.8% year-over-year, signaling easing inflationary pressures. $BTC is trading above $103K, $ETH has climbed above $2.6K, and $ETHFI , $BOME , and $MOODENG have surged by more than 30%. Market Cap: $3.55T 24h Liquidations: $365.4M Fear & Greed Index: 73 (Greed) 👉 Latest News - Hyperliquid launches spot trading for $SOL and $FARTCOIN - VanEck has launched its first tokenized U.S. Treasury fund VBILL - Tether-backed Twenty One Capital purchases $458.7 million worth of bitcoin 👉 Small Cap Gainers $JELLYJELLY +128% Green Satoshi Token +63.6% Rato The Rat +59.8% Blub +53.0% $DOGE +51.6% 👉 Recent Funding Rounds Nirvana Labs $6M Extended Seed Round led by Jump Crypto Perpl $9.25M Funding Round led by DragonFly and Ergonia DoubleUp $4M Seed Round led by Karatage.

1. Ethereum ($ETH ) Why: Strong rebound post-upgrade (Pectra); outperforming Bitcoin in May. Watch for: Layer 2 adoption, DApp activity, staking growth. 2. Solana ($SOL ) Why: High TPS, low fees, strong dev ecosystem; increasing institutional use. Watch for: Network uptime, NFT/project launches. 3. Toncoin ($TON ) Why: Integrated with Telegram; huge user base potential. Watch for: Ecosystem expansion, user adoption metrics. 4. Chainlink ($LINK ) Why: Core oracle infrastructure for DeFi and RWAs. Watch for: Real-world asset partnerships, staking metrics. 5. Sui ($SUI ) Why: Fast-growing L1 with innovative Move-based smart contracts. Watch for: TVL growth, developer activity, partnerships. 6. Render (RNDR) Why: Leader in decentralized GPU rendering; ties to AI and 3D metaverse projects. Watch for: New project integrations, tokenomics updates. 7. Arbitrum ($ARB ) Why: Largest Ethereum L2 by TVL. Watch for: Governance activity, fee revenue, ecosystem grants. 8. Polygon ($POL ) Why: Key Ethereum scaling player, strong enterprise partnerships. Watch for: zkEVM growth, network migration plans.