Ethereum (ETH) is attempting to reclaim its most critical resistance after registering a nearly 70% rally in the past month. Some crypto analysts suggest that the King of Altcoins is preparing to aim for new highs, but warned a potential pullback might come first. Related Reading: PENGU Leads Top Memecoin List Amid 20% Daily Surge – What’s Behind The Rally? Ethereum Risks 15% Correction Ethereum started the week hitting a yearly high and recording a 178% recovery from the April lows. The cryptocurrency has seen a significant rally over the past few weeks, following its price breakout and consolidation between May and June. As the crypto market started to soar again this month, driven by Bitcoin’s climb to new all-time highs (ATHs), ETH reclaimed the crucial $3,000 barrier and has continued to rise to its most critical resistance around the $3,800 area. On Monday, Ethereum reached its yearly high of $3,860 before being rejected and retracing to the $3,600 area. Following this performance, analyst Ali Martinez suggested that the $3,835 resistance and the $3,490 support will likely determine Ethereum’s next move. Notably, the $3,825 area sits as the largest resistance ahead, where 2.82 million addresses have bought 1.48 million ETH. Reclaiming this level would set the stage for a rally to the cycle high of $4,107. Meanwhile, the $3,490 area, where 4.18 million addresses bought 3.53 million ETH, remains the largest support after the recent breakout. A strong rejection from the key resistance could send the price toward this area if the current levels don’t hold. Market Watcher Andrew Crypto considers that Ethereum will likely see a correction soon, as “a chart without a correction isn’t a healthy chart.” To the analyst, the cryptocurrency could be headed to its yearly opening (YO) area, between $3,300-$3,400, after being rejected from the local supply zone and major resistance. Nonetheless, he forecasted a bounce and retest of the $3,800 mark if the pullback occurs. ETH To Repeat Past Cycle’s Playbook? Analyst Crypto Bullet suggested that Ethereum’s performance resembles its price action from last cycle. According to the post, ETH’s chart is starting to form a Descending Broadening Wedge pattern, “almost identical” to its setup from 2019-2020. To the analyst, “The picture looks very bullish right now” as price is testing the pattern’s resistance for the third time. He believes it will break out this time, similar to what happened in 2020, and eyes a cycle top target between $8,000 and $10,000. Crypto Bullet warned that a 10%-15% pullback to the $3,300-$3,400 area could come first, but added that “If we do break this formidable Resistance, ETH will rally hard. In this case, a new ATH is guaranteed.” Similarly, Merlijn The Trader highlighted the similarities between Ethereum’s rally in 2017 and 2025, as the King of Altcoin shows the “Same range. Same fakeout. Same breakout.” Related Reading: Tron Outpaces Ethereum In Fee Revenue – TRX Burn Accelerates The trader noted that ETH retested the key resistance twice in 2016-2017 before breaking out and recording a 5,000% rally. To him, the cryptocurrency could have a similar performance this cycle as institutions are “behind the wheel.” As of this writing, ETH is trading at $3,698, a 21% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
US crypto watchers are on edge. A new policy report is set to land before the month ends – and it could reshape how digital assets fit into the US government’s plans. Related Reading: PEPE Sparks Google Frenzy With 300% Surge In Search Interest Working Group Sets Release Date According to an X post by Bo Hines, the President’s Digital Asset Working Group wrapped up its 180‑day study and will publish the findings on July 30. Based on reports, the group was originally expected to unveil the report around July 22, following an executive order in January by US President Donald Trump. That order asked the team to sketch out how a Strategic Bitcoin Reserve might work. The report should spell out how much Bitcoin the US holds today. Those coins come from law enforcement seizures over recent years. Policy wonks and investors alike want to know whether the federal stash is just a data point or the start of a bigger reserve plan. Strategic Bitcoin Reserve Insights Inside sources say the document will cover the nuts and bolts of setting up a national digital‑asset fund. It’s likely to recommend using existing seized coins first. Then it could suggest budget‑neutral methods—like moving assets from other funds—to buy more Bitcoin. There’s talk of tapping nearly 200,000 BTC that authorities have captured so far. Security, storage and audit rules will also get attention, since a reserve needs tight guards and clear accounting. The executive order hinted that the reserve would use only lawfully obtained coins. It didn’t detail how long the government must hold them before selling, but some drafts mention a 20‑year holding period for stability’s sake. If that sticks, it would mirror long‑term strategies used for gold and other strategic resources. Related Reading: PENGU Heats Up: Nearly $600M In Open Interest Sparks Rally Talk Congressional Moves On Crypto On the Hill, Congress isn’t sitting still. Trump recently signed the GENIUS Act, which lays out rules for banks, credit unions and trusted non‑banks to issue stablecoins. At the same time, the Senate Banking Committee just rolled out a crypto market structure bill. That proposal aims to decide who’s in charge—whether it’s the SEC or the CFTC—and how to protect everyday users. Beyond those measures, Senator Cynthia Lummis has reintroduced the BITCOIN Act. It would direct the Treasury to buy 1 million BTC over five years. Investors see a clear upside if both executive and legislative moves line up. More government buying could add heavy demand to Bitcoin’s market. Yet some experts warn that holding such a volatile asset on a government balance sheet carries its own risks, from price swings to security costs. Featured image from Pexels, chart from TradingView
Bitcoin price is eyeing a fresh increase above the $118,500 resistance. BTC must clear the $120,250 resistance zone to gain bullish momentum in the near term. Bitcoin started a fresh increase after it cleared the $118,000 zone. The price is trading above $118,600 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $118,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $120,000 resistance zone. Bitcoin Price Aims Another Increase Bitcoin price started a correction phase from the $120,250 resistance zone. BTC dipped below the $118,500 level and tested the $118,000 zone. There was a move below the 50% Fib retracement level of the upward move from the $116,260 swing low to the $120,237 high. However, the bulls were active near the $117,500 support zone. There is also a key bullish trend line forming with support at $118,200 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $118,600 and the 100 hourly Simple moving average. Immediate resistance on the upside is near the $119,300 level. The first key resistance is near the $120,000 level. The next resistance could be $120,250. A close above the $120,250 resistance might send the price further higher. In the stated case, the price could rise and test the $122,500 resistance level. Any more gains might send the price toward the $122,500 level. The main target could be $123,200. Another Decline In BTC? If Bitcoin fails to rise above the $120,250 resistance zone, it could start another decline. Immediate support is near the $118,500 level and the trend line. The first major support is near the $117,200 level or the 76.4% Fib retracement level of the upward move from the $116,260 swing low to the $120,237 high. The next support is now near the $116,250 zone. Any more losses might send the price toward the $115,000 support in the near term. The main support sits at $113,500, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $118,250, followed by $116,250. Major Resistance Levels – $119,250 and $120,250.
Horizen has moved its native ZEN coin from its Layer 1 blockchain to the Base blockchain as a standard ERC-20 token.
Ethereum fell 4% and XRP dropped 12.7% over the past 24 hours, with several other major altcoins also posting losses.
PENGU is finally getting serious consideration this week, with indications of strength straight out of the derivatives market. Open interest has spiked to $591 million, while overall derivatives volume detonated to more than $4.43 billion. That’s a 35% jump in open interest and a massive 291% spike in volume, based on data from Coinglass. Related Reading: PEPE Sparks Google Frenzy With 300% Surge In Search Interest This kind of sharp increase in activity suggests traders are becoming more aggressive. Many are either betting on higher prices or preparing for big moves in both directions. For now, the momentum favors the bulls. Strong Price Holds Support As Traders Build Positions Price-wise, PENGU has been steady above $0.036 after reclaiming the key $0.033 level. It’s currently trading at $0.041. Its relative strength index is sitting at 64.04—well above neutral, but not yet in overbought territory. That’s a good sign for bulls hoping for more upside without triggering a correction too soon. Volume Spikes Add Fuel To Momentum Traders are now watching the $0.038 level closely. That’s just below the Fibonacci 1.618 extension, which sits at $0.03846. If PENGU manages to break above it, more traders could jump in, especially with the derivatives side already heating up. More than 38 million PENGU tokens were exchanged in the past 24 hours, underpinning the strength of the move. The bullish configuration is also aided by support levels near the 0.786 Fib, 0.618, and 0.5 regions. These are areas where buyers have intervened in the past, and they might do the same if prices retract. There are no signs of bearish divergence on the RSI, and each dip has been followed by quick recoveries. That keeps the overall trend in favor of the bulls. Related Reading: Too Pricey? Expert Says XRP Beats Bitcoin And Ethereum Right Now PENGU Open Interest Up Open interest increasing along with price generally indicates that traders are supporting the move with conviction. But this also makes the market more prone to sudden changes. With $591 million invested in open positions, even a minor pullback could cause a mass of exits. That’s the danger when too much money rushes in too fast. $PENGU break-out/retest pic.twitter.com/EVJaryQzzs — Muro (@MuroCrypto) July 22, 2025 Another Move Upward? PENGU Pudgy Penguins is making another move upward. Crypto analyst Muro’s latest 15-minute chart reveals a sharp push through the downward trendline that kept price in check throughout the prior day. That breakout—paired with a successful retest and bounce—typically marks a change in momentum, hinting that the bulls may be back in control. Featured image from Unsplash, chart from TradingView
The sharp decline in PUMP's value highlights the volatility and investor uncertainty in the crypto market, impacting future token launches.
The post PUMP crashes over 50% post-ICO as founder says airdrop not coming soon appeared first on Crypto Briefing.
PayPal World will link major domestic digital wallets, but legacy constraints could limit its challenge to stablecoins, Decrypt was told.
Beijing once warned of stablecoin risks. Now it’s turning to them to help stem the growth of U.S. dollar-pegged tokens in Asia.
As Bitcoin (BTC) continues to trade near its all-time high (ATH) of $123,218, concerns over rising exchange deposits are mounting. However, fresh on-chain data reveals a significant contrast between the current rally and previous ones – most notably, a decline in BTC deposits to exchanges. Bitcoin Flow Pulse Shows Low Exchange Activity According to a CryptoQuant Quicktake post by contributor Arab Chain, the Bitcoin Inter-Exchange Flow Pulse (IFP) indicator is exhibiting “interesting behavior” in mid-2025. Notably, large investors do not appear to be selling their holdings, despite BTC trading at record highs. Related Reading: Bitcoin Reserves On Exchanges Hit Highest Level Since June 25 – Is BTC In Danger? Typically, sophisticated investors begin profit-taking as an asset approaches ATH territory. However, that behavior appears to be largely absent this time. The lack of selling activity stands in contrast to the market peaks of 2017 and 2021. During both these instances, there were large BTC inflows to exchanges, which were closely followed by significant price corrections. Arab Chain shared the following chart highlighting the relationship between a rising IFP and Bitcoin’s price trajectory. The chart illustrates how price corrections followed rising IFP levels at the end of 2017 and again in 2021. In 2025, despite an IFP surge earlier in the year, the BTC market has since consolidated rather than corrected. For context, the IFP indicator tracks the volume of Bitcoin transferred between centralized exchanges, providing insights into investor sentiment and market conditions. A rising IFP typically suggests growing intent to sell or arbitrage, while a declining IFP indicates reduced exchange activity and stronger holder conviction. This year’s dynamic between IFP and BTC price suggests investors are choosing to hold Bitcoin, even as prices hover near record highs. Arab Chain noted that such behavior reinforces the bullish case. They said: This behavior indicates high confidence in the uptrend so far and partly explains why the price has continued to rise without any clear selling pressure. On the other hand, if the Bitcoin IFP indicator begins to rise, it indicates an intention to sell and an anticipated significant supply pressure. Therefore, a sudden rise in the indicator is a strong warning sign for speculators. BTC Miners Engaging In Profit-Taking While large investors remain largely inactive on the selling front, Bitcoin miners appear to be cashing in on the current rally. Miner outflows surged to 16,000 BTC on July 15 – the highest single-day level since April 7. Related Reading: No Mania Yet: Bitcoin ATH Lacks Hype, Suggesting Further Upside Potential As selling pressure builds, recent analysis by CryptoQuant contributor Chairman Lee highlights a key support level that BTC must defend to remain on track for the $180,000 year-end target. At press time, BTC trades at $117,529, down 1.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
JPMorgan's caution suggests stablecoin growth may be slower than anticipated, highlighting the need for stronger infrastructure and investor confidence.
The post JPMorgan pushes back on Treasury’s $2 trillion stablecoin forecast, warns infrastructure is still underdeveloped appeared first on Crypto Briefing.
The House is considering a proposal that would require the Department of Veterans Affairs to examine how distributed ledger technology, such as blockchain, can enhance the agency’s claims systems. The “Veterans Affairs Distributed Ledger Innovation Act of 2025” (H.R. 3455), introduced May 15 by Rep. Nancy Mace, passed its first checkpoint with a June 11 […]
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The FTX Recovery Trust has set Aug. 15 as the record date for its next distribution to creditors, with payments expected to begin around Sept. 30, according to a statement released on July 23. The window covers holders of allowed Class 5 Customer Entitlement Claims and Class 6 General Unsecured Claims under the confirmed plan, […]
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Litecoin (LTC) is picking up speed. The coin is now trading at $116 after rising 20% over the last seven days. Trade volume has also jumped by 1.30%, hitting $1.27 billion. Related Reading: Too Pricey? Expert Says XRP Beats Bitcoin And Ethereum Right Now That’s a clear sign of growing activity. Over the past week, LTC has surged by 24%, reaching a high of $119.21. For many traders watching the charts, momentum is starting to build again. Bulls Eye $125 As Momentum Builds Crypto analyst Naveed said Litecoin has broken through a key resistance level. According to him, the price “filled the fair value gap” and moved higher just as predicted. The next target now falls in the $120–$125 zone. That’s the level many traders are watching as a potential breakout point. $LTC just broke above a key level just as told before and is now flying at $118.26 – Price filled the FVG and pushed HIGHER – Target hit ✅ Next target: $120–$125 zone Let’s see if bulls can keep it going https://t.co/ozGP3gVXA3 pic.twitter.com/PB59Jy832U — Naveed (@navex_eth) July 21, 2025 The growing optimism isn’t just about short-term moves. Some analysts have projected that LTC might reach as high as $262 sometime in 2025, even after a rough start to the year. Their outlook includes a rise to $140, followed by a potential dip under $94 before making a comeback. The long-term picture includes a shot at the previous all-time high of $413, although that’s a steep climb from where it is now. Litecoin Sentiment Turns Bullish Meanwhile, CoinCodex gave a more conservative outlook. They expect LTC to rise by 15% and hit $134 by August 22, 2025. Their technical indicators show that the overall sentiment is bullish. Also, the Fear & Greed Index is currently sitting at 74, which points to high confidence—or greed—among investors. LTC has registered gains on 19 of the previous 30 trading days. That’s approximately 60% of the time, with price fluctuations of nearly 11%. It’s an indicator that Litecoin’s price is going up, but it’s not doing so in a linear motion. Investors are finding space for appreciation but are aware the market is still volatile. Market Watching $140 After $125 Test If LTC clears the $125 resistance, the path toward $140 could open up. A lot of traders agree this level is important, not just from a technical point of view but also because of growing market interest. Social chatter is increasing, and trading activity is starting to pick up across different crypto exchanges. Related Reading: Solana DeFi Rebirth: TVL Breaks Past $14 Billion Amid Price Surge However, not everything is certain. Global markets are still reactive to such things as interest rate changes, inflation reports, or policy changes. Crypto regulation is also something that might shift sentiment very rapidly. But Litecoin’s recent resilience has allowed it to outshine altcoins during this month. With $134 in sight and a possible return to $262 in 2025, Litecoin is showing signs of life again. Whether it can sustain the rally will depend on what happens next—especially around that $125 line. Featured image from Unsplash, chart from TradingView
The bankruptcy court allowed FTX to reduce the claims reserve by $1.9 billion, freeing up funds to be distributed to former customers.
With the trial of the Tornado Cash co-founder ending its eighth day, a witness testified Roman Storm had control over some of the funds connected to the mixing service.
A pro-crypto US government, near-insatiable institutional investor demand, and the chance for ETH staking ETFs made ETH a top performer last week.
After a $10 million loss became public on X, crypto hedge fund Asymmetric is pivoting away from liquid trading strategies.
After nearly eight years of being trapped under a long-term resistance line, XRP is set to make headlines again as it inches closer to a historic breakout against Bitcoin (BTC). With XRP Spot ETF approvals still pending, this breakout could signal the start of a significant shift in momentum and price trajectory. XRP To Break Major Resistance Against Bitcoin The XRP/BTC trading pair is rapidly approaching a critical technical breakout that could reshape its long-term value outlook. Crypto market expert Gordon noted in his chart analysis on X social media that XRP/BTC is close to breaching an 8-year descending resistance line—a move that could spark a major structural change in the market. Related Reading: XRP Open Interest Explodes To January ATH Levels, Will Price Follow Above $3? A breakout from this resistance could not only signal the end of nearly a decade of underperformance against Bitcoin but also serve as a potential precursor to a broader revaluation of XRP. Gordon’s biweekly chart illustrates XRP’s historical struggle to gain ground against Bitcoin, with repeated rejections from a strong descending line that has acted as a barrier since 2017. However, after experiencing long years of consolidation and accumulation, XRP/BTC now appears to be forming a large Symmetrical Triangle, with the current price hovering just below the upper boundary of the formation. Based on Gordon’s analysis, this technical compression suggests an imminent breakout, especially as price action builds momentum. What makes this potential breakout even more intriguing is that XRP’s rising value and current momentum have occurred without any significant bullish catalysts. The upward movement in XRP/BTC comes even before any official news concerning a potential XRP Spot ETF approval. The anticipation surrounding this ETF is already palpable, and a favorable decision could act as a powerful catalyst for continued upside. This scenario aligns with Gordon’s assessment that a breakout from the 8-year trendline could be a gateway to a generational wealth opportunity. 2025 XRP Spot ETF Approval Odds Hit 95% According to new data shared by market expert Steph is Crypto, XRP has emerged as one of the front-runners in the race for Spot ETF approval in the United States (US). The analyst has stated that the probability of an XRP ETF approval by the US SEC in 2025 has increased to a whopping 95%. Related Reading: XRP Wave 3 Could Repeat 600% Surge From Nov 2025, Target Set For $15 XRP currently shares the highest projected odds of approval alongside Litecoin and Solana, signaling a major shift in sentiment toward altcoin-based ETFs. Already, a growing number of institutional asset managers are investing in this ETF, including Grayscale, Bitwise, 21Shares, WisdomTree, Canary, and others. Just a few days ago, reports also revealed that the SEC has officially approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF, which will include assets such as XRP, BTC, ETH, and others. Featured image from Getty Images, chart from Tradingview.com
Block joined the S&P 500 on July 23, replacing Hess after the oil producer’s $54 billion acquisition by Chevron, a reshuffle that sent Block’s stock up 10.7% from the July 18 open of $72.01 to $79.69 by press time. The company announced the addition on July 18, prompting investors to position ahead of index-tracking funds […]
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FTX will begin its next creditor payout on September 30, 2025, following a $1.9B reserve reduction and August 15 record date.
The post FTX prepares third round of distributions as court frees up $1.9B in claim reserves appeared first on Crypto Briefing.
Solana drops 9% amid long liquidations, but $180 support and a bullish golden cross suggest the uptrend remains intact — a dip buyers may welcome.
Takashi Murakami said he is launching '108 Flowers Revised' collectible cards as NFTs, available on the Base app.
Traditional firms like Nature’s Miracle, Upexi, and Kitabo are adding BTC, XRP, and SOL to their treasuries, signaling growing corporate interest in crypto assets.
President Trump's American AI Action Plan is here, and it's drawing praise—and criticism—for prioritizing growth over safety.
The cryptocurrency market recorded more than $669 million in net liquidations on Wednesday, July 23, 2025. The altcoin market accounted for the lion’s share of the $563 million in long liquidations during the past 24 hours. According to market aggregate data from Coinglass, the ETH and XRP trading pairs recorded net liquidations of about $126 …
Solana Labs and Jito Labs have been named as co-defendants in a newly amended federal lawsuit that accuses them of playing a central role in an alleged $1.5 billion fraud tied to the Solana-based memecoin launchpad Pump.Fun. The amended lawsuit, filed on July 22 by Burwick Law in the Southern District of New York, expands […]
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Bitcoin hovers just below its mid‑May record at roughly $119,000, while the global crypto‑asset capitalisation approaches $4 trillion, but traders say the real test will come in the last week of July, when an unusually dense cluster of US macro‑policy events collides with an intensifying legal battle over President Trump’s tariffs. “The last few days of July will set the stage for markets for the rest of the year imo. FOMC meeting where dovish dissents are looking very likely. QRA meeting where we will get a look into how willing Bessent is going to be to try to weaponize treasury issuance for the first time since being chair. Tariff letter deadlines. The Supreme Court will begin deliberating on whether tariffs via executive order are legal or not. No big edge on either side right now personally, will just react once we get clarity. Stay frosty,” Forward Guidance host Felix Jauvin wrote via X. July’s Final Days Could Shape Crypto The two‑day Federal Open Market Committee meeting on 29–30 July is the first shot. Governor Christopher Waller, speaking last week, laid out the case for an immediate 25‑basis‑point rate cut, arguing that tariff‑linked inflation looks “temporary” and that the labour market is “under strain.” Related Reading: House Passes Major Bills During ‘Crypto Week,’ But Significant Changes May Take Time Prediction‑market platform Kalshi assigns a 40 % probability to two cuts and a 13 % probability to three cuts by December; Goldman Sachs now places the first move in September, but traders emphasise that even a single dovish dissent next week would cement that timetable. As The Kobeissi Letter summed up in a widely shared post: “Rate cuts are coming … Next week’s Fed meeting will pave the path for a September rate cut.” Treasury Secretary Scott Bessent has broken with predecessors’ reticence by all but instructing the central bank to move sooner. “If [tariff] inflation isn’t sticky, they could do it sooner than September,” he told Fox News on 1 July, after stating two months earlier that “the bond market is sending a signal that the Fed should be cutting.” Only hours after the Fed decision, Bessent will unveil the Treasury’s third‑quarter borrowing plans at the Quarterly Refunding Announcement. The agenda published on 11 July flags a noon release on 30 July. Desks are watching not just the size but the maturity mix: Bessent’s advisers have floated heavier use of short‑dated bills to “manage the yield curve,” a move that would soak up the very cash that cycles into stablecoins and crypto risk. Tariffs Come Back Into Focus Trade policy is the second pressure point. A 7 July executive order extended reciprocal tariffs and launched a volley of tariff‑rate letters to trading partners; the new levies take effect on 1 August unless renegotiated. Bessent flies to Stockholm next week in a last‑minute bid to defer a mooted 100 % surcharge on Chinese imports, underscoring how fluid the landscape remains. Related Reading: 2025 Crypto Thefts Spike: Stolen Funds Hit $2.7 Billion In H1– Report Even if diplomats buy time, lawyers may not. The Court of Appeals for the Federal Circuit has set 31 July for expedited oral argument on V.O.S. Selections v. Trump, a case that could decide whether a president can impose tariffs under the International Emergency Economic Powers Act. Petitioners have already asked the Supreme Court for review before judgment, calling the tariffs a “$600 bn annual tax.” A ruling to curtail executive trade powers would remove what many bitcoin bulls see as a long‑term inflation tail‑risk; the opposite outcome could entrench the policy. Real yields—now the dominant macro driver of Bitcoin—move inversely to rate‑cut expectations and Treasury supply. The benchmark 10‑year has fallen about 30 bp in three sessions to 4.34 %, mirroring BTC’s 8 % bounce over the same period. For now, the market’s playbook is simple: Watch the Fed dots, count the bills in the QRA, read the tariff letters—and, as Jauvin advised, “stay frosty.” At press time, total crypto market cap stood at $3.81 trillion. Featured image from Shutterstock, chart from TradingView.com
Lawmakers are expected to break in a matter of days, but there are still items on the legislative agenda to address, including two crypto bills passed by the House.
A new accounting rule this year lets companies mark crypto assets to market, benefiting Tesla’s balance sheet.