Top Crypto Stories Today
1. U.S. House to Examine Crypto Tax Policy
A joint hearing by the House Ways & Means and Oversight Committees is set for July 16, to review tax frameworks for digital assets. The push aligns with a broader GOP effort to update crypto laws for the “21st century” .
2. Bitcoin Hits New All-Time High
Bitcoin soared to record territory—cruising beyond $112K–113K—driven by institutional inflows and strong ETF activity. Ethereum, XRP, Dogecoin, and other altcoins also rallied sharply .
3. Gemini GMX Exploit Drains $40M
GMX, a decentralized exchange, temporarily halted trading after a $40M exploit drained its liquidity pool. Security teams are mic-checking vulnerabilities .
4. Emirates Airlines May Accept Crypto
Dubai’s Emirates Airlines reportedly plans to start accepting cryptocurrency payments for tickets—a major step in mainstream travel adoption .
5. RBI Eyeing Crypto Regulation
The Reserve Bank of India is closely monitoring global crypto trends and considering drafting a policy framework. This comes as India works toward more structured digital asset regulation .
🚀 Market Pulse
Expect high volatility as we head into the hearing on crypto taxes and ETFs. A large open interest in BTC/ETH spot ETFs ($218M for BTC, $211M for ETH) could amplify momentum—either up or down .
