The total market value of cryptocurrencies has exceeded $3.5 | Samarth _Gaurav on Binance Square

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Samarth _Gaurav

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The total market value of cryptocurrencies has exceeded $3.5 trillion
According to CoinGecko data, the total market value of cryptocurrencies has rebounded to exceed $3.5 trillion, currently at $3.505 trillion, a 24-hour increase of 1.3%.
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⚡️ U.S. Senators oppose cryptocurrency tax Senators Cynthia Lummis and Bernie Moreno have called on the U.S. Treasury Department to reconsider tax regulations that could negatively impact companies holding digital assets. ❗️ According to them, the issue lies in a recent update to the Financial Accounting Standards, which requires digital assets to be valued at fair market value. The senators are urging the Treasury to issue interim guidance and amend the rules to ensure a fair and competitive tax environment for the U.S. crypto industry.#TradeLessons #NewsTrade #NewsTrade

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👨‍💻 Hacker who breached SEC account in January 2024 pleads guilty 🦅 Eric Council Jr. used a SIM-swap attack and forged documents to gain access to the regulator’s X account and publish a fake post announcing the approval of a Bitcoin ETF. The false post triggered a $1,000 surge in Bitcoin’s price, followed by a $2,000 drop after the SEC issued a denial. Council allegedly profited around $50,000 from the incident and is now awaiting sentencing on May 16. ⚖️ Prosecutors are seeking a 2-year prison sentence, emphasizing how dangerous the impact of disinformation can be on financial markets.#TradeLessons #NewsTrade #TrumpTariffs

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🔗 Solana co-founder proposes unifying blockchains into a single meta-network Anatoly Yakovenko has proposed the creation of a metablockchain — an architecture that could consolidate data from Ethereum, Celestia, and Solana into a unified transaction ordering system. According to him, this model would enable more accessible and flexible data availability. The idea was supported by EigenLayer developer Nader Dabit, who highlighted its scalability potential. 🧐 Meanwhile, Celestia co-founder Nick White reacted skeptically, calling the proposal overly complex and costly to implement. #TradeLessons #NewsTrade #TrumpTariffs

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