US Lawmakers Urge Treasury to Reverse Biden-Era Tax Policies Impacting Corporate Crypto Holdings

Wall Street analysts predict high chances of approval for altcoin ETFs like Solana, XRP, and Litecoin by the end of 2025. The SEC's engagement with various applications has increased optimism for these approvals, potentially marking a significant milestone in Wall Street history.

Nakamoto Holdings, founded by David Bailey, raised $51.5 million to build a Bitcoin treasury, following a trend among public companies. The funds were secured through a private-investment-in-public-equity deal by merger partner KindlyMD, with plans to acquire more Bitcoin.

Circle and Coinbase have seen significant stock price increases following the Senate's GENIUS Act vote. Circle's CRCL shares surged from $156.36 to nearly $249, while Coinbase's COIN stock rose over 30% to above $308 this week.

Norway's Labor government plans to investigate a potential ban on new power-intensive crypto mining operations to allocate energy resources more effectively. The government aims to explore the prohibition of establishing new data centers for cryptocurrency mining by fall 2025.

A total $32,000 was retrieved from a Bitcoin ATM by Texas sheriffs after a family reported losing $25,000 to scammers. The Jasper County Sheriff's Office used power tools to access the funds, cautioning against sharing personal information with potential scammers.

Bitcoin Cash has surged 98% since April, aiming to break the $500 resistance level. Bitcoin SV is quietly climbing, reflecting broader market dynamics as the S&P 500 hits 6,000 points. The Federal Reserve's decision to maintain interest rates has created a wait-and-see environment.

Semler Scientific has appointed Joe Burnett as the director of Bitcoin strategy to help achieve their goal of owning 105,000 Bitcoins by 2027. The company currently holds 4,449 Bitcoins worth $462 million. Despite a 33% year-to-date decline, investors reacted positively, pushing SMLR stock up by 14%.

Prediction markets like Myriad allow users to predict outcomes of various events, from politics to sports, with changing odds. Bitcoin's price surge to $111,814 in May prompts a new market on Myriad, asking if it will reach $115,000 or drop to $95,000 in 2025.

Coinbase has been granted a MiCA license by Luxembourg, allowing it to operate in the European Economic Area. Other major exchanges like Bybit, OKX, and Crypto.com have also obtained MiCA licenses from different EU countries. Luxembourg's favorable financial ecosystem has attracted Coinbase to establish its European crypto hub there.

Jupiter, a Solana-based exchange aggregator, has halted its DAO voting due to negative feedback, impacting the decentralization of the project. The decision to pause governance was made in response to a "perpetual FUD cycle" affecting the protocol's trust and effectiveness. Jupiter plans to revive DAO voting in 2026.