πŸš€ Crypto Tax Breaks, BTC Reserves, and $ETH Bull Levels: Key Updates!

in cryptonews β€’Β  4 days agoΒ 

πŸ‡ΊπŸ‡Έ Eric Trump confirmed that U.S.-based crypto projects like XRP and HBAR could enjoy zero capital gains tax, while foreign projects face a ~30% tax. Meanwhile, Ted Cruz is working to exempt DeFi brokers from IRS reporting requirements.

⚑ Dennis Porter: "At least 15 U.S. states are introducing Bitcoin Strategic Reserve legislation. Just 3 months ago, this number was zero."

πŸ’° BTC Update: Long-term holders reduced their balance by over 75,000 BTC last week.

πŸ”Ή $ETH Bull Indicator: Historically, $ETH surpasses an MVRV of 3.2 in bullish cycles. That level is currently $6,770.

πŸ”΄ Dragonfly Partner: U.S. Accountability Office could launch state spending reports on the AVAX network.

🌏 Indonesia now boasts 22.1M crypto users (Nov 2024). Top coins: USDT, BTC, DOGE, PEPE, XRP.

🌐 Paradigm urges Ethereum to speed up development, pushing for scalable improvements and rollup tech.

πŸ›’ WLF buys 3001 ETH and 95 WBTC, spending $20M.

#CryptoNews #BTC #Ethereum #DeFi

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