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BREAKING ⛓️‍💥🤯:                                🇺🇸 U.S. Congressman Thomas Massie remarked that, following the passage of the “One Big Beautiful Bill Act,” the national debt has now climbed beyond $37 trillion.
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Vitalik Buterin Makes Important Statements About Ethereum! "ETH is the Heart of the Network!" Ethereum $ETH has been quietly rising, coming very close to surpassing its 2021 ATH. However, following the US PPI data, which exceeded expectations, the crypto market experienced a sharp correction. ETH was also affected by this correction, falling from $4,700 to $4,480. ETH subsequently recovered, reaching levels around $4,600. While expectations continue for Ethereum to surpass its previous ATH in the short term, Ethereum co-founder Vitalik Buterin made important statements. Speaking to Bankless, Buterin spoke about ETH's fundamental role in the ecosystem, saying that ETH is the unifying core of the Ethereum network. Buterin stated that ETH is the key to the greatest consensus at the economic level within the Ethereum ecosystem and serves to unite the entire Ethereum community. #ETHTreasuryStrategy #MarketTurbulence

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Ethereum $ETH Investors Attention! Analyst Warns: "Reaching New ATH May Take Weeks, Months!" While Bitcoin $BTC broke record after record in the past period, Ethereum (ETH) fell behind BTC with its weak performance. However, ETH has recently made a big push and is close to exceeding its 2021 ATH. While the rally in Ethereum was interrupted by the US PPI data released yesterday, expectations for a new ATH continue to increase in the market. However, one analyst said that although ETH is only a few hundred dollars away from its new ATH, it could be weeks or months before a new record is reached. At this point, Nansen analyst Jake Kennis said that it may take some time for the new ATH in the face of Ethereum's rapid gain in value in a short time. According to the analyst, ETH holders may have to wait weeks or even months before reaching new record highs. #ETH #MarketTurbulence

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Crypto Finance Company Matrixport Announces Structural Funding Support in the US Will Positively Impact Risky Assets! Details Here $BNB According to the latest research report from crypto finance firm Matrixport, the US market has entered a new cycle of liquidity release. #MarketTurbulence #HotJulyPPI

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The Bank for International Settlements @Biswap has presented a new proposal regarding Bitcoin and cryptocurrencies! Here are the details… The Bank for International Settlements (BIS), which is skeptical of Bitcoin $BTC and cryptocurrencies, has published a new article on cryptocurrencies. According to DLNews, the BIS is proposing an AML compliance scoring system for cryptocurrencies. The BIS stated that the scoring system aims to enhance anti-money laundering efforts and identify cryptocurrencies linked to illicit activities. The system will target cryptocurrencies linked to illicit activities. Accordingly, BIS researchers proposed scoring investors' cryptocurrencies based on their transfer history. At this point, BIS researchers suggested assigning anti-money laundering compliance scores to cryptocurrencies based on their transaction history. Accordingly, it has been suggested that cryptocurrencies that pass through suspected criminal wallets or protocols frequently used to launder stolen funds may receive a lower score. The BIS also proposed that exchanges in each country would block the conversion of cryptocurrencies into fiat currency if they fall below a certain threshold. This would allow each country to set a threshold score that would determine whether users can convert their cryptocurrencies into fiat currency. BIS listed the benefits of this system as follows: ” Enhanced Security: Reducing the flow of illicit funds through the crypto ecosystem. Increased Trust: Increasing trust in institutional investors and traditional finance.” The BIS recently reiterated its skeptical approach to cryptocurrencies, saying they are risky and warning that they could undermine financial stability and regulators' attempts to oversee financial markets. #TrumpVsMusk #BinanceAlphaAlert

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New Bill Introduced in New York Concerning Bitcoin and Altcoins! State Disparities Grow! @BTC Wires While positive steps continue to be taken towards Bitcoin ($BTC ) and cryptocurrencies in the US, an unusual proposal came from New York Democratic Congressman Phil Steck. Accordingly, Democratic lawmaker Phil Steck introduced a bill that would tax the state's cryptocurrency sales and transfers. The bill, referred to as Parliamentary Bill No. 8966, proposes imposing a special consumption tax on the sales and transfers of crypto assets. Accordingly, the bill proposes to impose a 0.2% Special Consumption Tax on all cryptocurrency transactions, including Bitcoin, Ethereum, and NFTs. It is stated that if the bill becomes law, it could provide significant tax revenue to the state. The bill also stipulates that tax revenues will fund substance abuse prevention programs in schools in upstate New York. If passed, the bill will take effect immediately and apply to all sales and transactions from September 1. However, before the bill can come into effect, it must pass a parliamentary committee, be approved by the general assembly, then receive approval from the senate and finally receive the governor's signature. In the US, states are taking different approaches to cryptocurrencies. New York has proposed a bill to add a tax on crypto transactions, while Texas has no state income or corporate taxes. Some states, such as Washington, exempt cryptocurrencies from certain taxes. #MarketTurbulence

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