‘Crypto Queen’ Cynthia Lummis Calls for Senate to Cancel August Recess and Stay in Session – News Bytes Bitcoin News
Senator Cynthia Lummis urges the Senate to cancel August recess to address pending legislation, contrasting House Speaker Mike Johnson’s early adjournment decision.
Bitcoin hitting $200K this year ‘very improbable,’ says analyst
Analyst James Check doubts Bitcoin will hit $200K this year due to insufficient buying volume, though long-term bullish. Others predict $200K by 2025 citing institutional demand and historical trends.
Solana Becomes The Talk Of Social Media As Price Hits $200
Solana’s price surge past $200 has sparked increased social media discussions, with Social Dominance hitting 8.9%. Developer activity also rose, but excessive attention may signal caution.
Bitcoin Price Sets Up for Another Move—Can the Bulls Seal the Deal?
Bitcoin price is testing resistance at $120,000 after breaking above $118,500. Bulls need to clear this level for further gains, while failure could lead to a drop toward $116,500 support.
UK to ban public sector from making ransomware payments
The UK plans to ban public sector and critical infrastructure from paying ransomware demands, requiring reporting of attacks. The proposal follows public consultation with mixed views on penalties.
New IRS Crypto Form Could Trigger ‘Phantom Gains’ and Unwanted Audits, Expert Warns – Taxes Bitcoin News
The IRS’s new Form 1099-DA may cause audits for crypto users due to incomplete cost basis data, leading to ‘phantom gains’ and unfair tax liabilities, warns an expert.
Bitcoin’s SOPR Metric For Long-Term Holders Climbs To Record Highs In 2025 – What This Means | Bitcoinist.com
Bitcoin’s SOPR metric for long-term holders hits record highs in 2025, signaling increased profit-taking but not yet reaching peak bull cycle levels, suggesting potential for further price gains.
Trump Media’s $2B Bitcoin Buy Throws Doubt on Halving Theory – Brave New Coin
Trump Media’s $2B Bitcoin investment challenges traditional halving cycle theories, signaling a shift to macro-driven crypto momentum amid potential Fed rate cuts and dollar dilution.
‘Sell Ethereum, Buy Bitcoin’: Peter Schiff Makes Surprising Crypto Call
Peter Schiff advises selling Ethereum and buying Bitcoin, citing Ethereum’s bearish trend against Bitcoin and chart analysis, despite his usual crypto skepticism.
‘Bizarre Situation’: SEC Halts Conversion for Another ETF Holding Bitcoin, Ethereum, and XRP – Decrypt
The SEC halted Bitwise’s crypto index ETF conversion after initial approval, mirroring Grayscale’s recent setback. This creates uncertainty for multi-asset crypto ETFs as procedural reviews delay listings.
