New Bill Proposes a $300 Tax Exemption for Most Crypto Transactions

House Republicans plan to advance three industry-specific bills during “Crypto Week” to establish a clear regulatory framework for digital assets. The bills aim to safeguard consumers, provide regulatory clarity, and prevent the Federal Reserve from issuing a central bank digital currency.

Bitcoin and Ethereum have seen slight gains, with most top assets remaining flat as traders analyze macro news. Traditional markets rallied after strong U.S. labor data, while Bitcoin's movement suggests a potential breakout from a bearish channel.

Grayscale expressed surprise at the SEC's decision to halt its Digital Large Cap Fund, citing the evolving regulatory landscape. The fund, focusing on Bitcoin with exposure to Ethereum, Solana, XRP, and Cardano, aims to become an exchange-traded product.

Ondo Finance's initiative, Ondo Catalyst, focuses on investing in projects that advance tokenized finance and on-chain capital markets through a mix of equity and token investments. The founder, Nathan Allman, believes in reshaping global capital movement by supporting infrastructure for real-world utility of tokenized assets.

Bitcoin, currently near an all-time high, may test $90,000 again this year due to President Trump's upcoming bill. Arthur Hayes predicts a potential liquidity drain from markets, impacting assets like Bitcoin. Despite this, he believes Bitcoin will continue to rise.

BitMine Immersion Technologies' shares surged 130% to $135 before dropping to $118 in after-hours trading. The company raised $250 million through a private placement, attracting investors like Peter Thiel's Founders Fund and crypto firms. BitMine aims to accumulate Ethereum ahead of a stablecoin boom.

Berachain's token, Bera, has plummeted nearly 90% since February, with dwindling user activity and a need for new incentives. The blockchain's total value locked has dropped from $3.5 billion to $646 million, prompting concerns about its sustainability.

Bitcoin's price fluctuated following a strong U.S. jobs report, with Ethereum, XRP, and Solana also experiencing price increases. The report showed nonfarm payrolls surpassing economists' estimates, leading to decreased expectations of interest rate cuts by the Fed.

A consortium led by backers of Metaplanet Inc. is acquiring DV8, a Thai-listed firm, to expand the Bitcoin treasury model in Southeast Asia's public markets. The group plans to acquire "at least 75%" of DV8's capital through a Voluntary Tender Offer, as per the Stock Exchange of Thailand notice.