JUST IN: The 🇺🇸US is preparing to finalize a new mining an | CryptoCanvas on Binance Square

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JUST IN: The 🇺🇸US is preparing to finalize a new mining and minerals deal with 🇸🇦Saudi Arabia#miningBTC #BTC #Binance 

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BREAKING: 🇺🇸 New Hampshire Governor Kelly Ayotte officially SIGNS bill into law allowing the state to invest in Bitcoin 🙌 #MarketPullback #FOMCMeeting #BTC #Binance $BTC

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$BTC As of May 6, 2025, Bitcoin (BTC) is trading at approximately $93,862, reflecting a slight decrease of 0.2% over the past 24 hours. The day's trading has seen a high of $95,118 and a low of $93,702. Recent market activity indicates that Bitcoin is experiencing a period of consolidation. Analysts are closely monitoring key resistance levels around $98,000 and psychological benchmarks such as $100,000. Support levels to watch include $92,000 and $85,000, which could be pivotal in determining Bitcoin's short-term trajectory. Institutional interest remains strong, with firms like BlackRock reportedly acquiring significant amounts of Bitcoin, signaling confidence in its long-term value. If you need further details or specific analyses, feel free to ask! $BTC

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#USHouseMarketStructureDraft Key Provisions of the Draft Bill Regulatory Clarity: The bill seeks to delineate the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets. Decentralization Criteria: It proposes a process for determining when a digital asset is sufficiently decentralized to be considered a commodity, thereby falling under CFTC jurisdiction. Legacy Assets: The legislation includes provisions to assess the legal status of blockchain networks launched prior to the bill's enactment. Political Response The draft has sparked partisan debate. Democrats, led by Rep. Maxine Waters, have raised concerns about the bill's implications and the lack of bipartisan consensus. They plan to block a joint hearing on the draft and are considering alternative discussions to address potential conflicts of interest, particularly regarding former President Trump's involvement in the crypto industry.

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The Federal Open Market Committee (FOMC) is currently holding its two-day policy meeting, which concludes tomorrow, Wednesday, May 7, 2025. The policy statement is expected at 2:00 PM ET (11:00 PM PKT), followed by a press conference with Fed Chair Jerome Powell at 2:30 PM ET (11:30 PM PKT). What to Expect Markets widely anticipate that the Fed will keep interest rates unchanged at their current target range of 4.25%–4.50%. This would mark the third consecutive meeting without a rate change, as the central bank continues to monitor mixed economic signals and the impact of recent trade policies. Recent data shows a 0.3% contraction in GDP during Q1, but job growth remains solid, with 177,000 jobs added in April. Inflation remains elevated, with both headline and core PCE measures rising more than expected in March. The Fed is expected to maintain a cautious stance, seeking more clarity before adjusting policy. President Trump's aggressive tariff policies have introduced inflationary pressures and raised concerns over weaker growth. While some experts are calling for rate cuts, the Fed is likely to wait for more definitive economic data before making any changes. #FOMCMeeting

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