Sbodongo
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Here are some interesting crypto news stories from this week:
Regulatory Updates
- Ripple vs. SEC: Ripple is pushing the SEC to drop its "functional" and "decentralized" crypto tests, which could impact the industry's regulatory landscape.
- India's Crypto Tax Cuts: India is considering cutting crypto taxes to revive its $15 billion market, which was nearly killed by previous regulations.
- US Crypto Regulation: Former CFTC chair Rostin Behnam believes the crypto market will remain unregulated unless the agency is given greater authority .
Market Trends
- Bitcoin's Price Rally: Bitcoin is expected to reach $120,000, with some analysts predicting a peak of $220,000 to $330,000 by the end of 2025.
- Solana's Potential Rally: Solana's chart hints at a 180% rally to $300 if a key technical trend holds.
- Ethereum's Options Expiry: Ethereum bulls are aiming for $2,700 ahead of ETH's $2.4 billion options expiry.
Adoption and Innovation
- El Salvador's Bitcoin Buying Spree: El Salvador continues to buy Bitcoin despite IMF pressure to freeze new purchases.
- Pakistan's Bitcoin Strategic Reserve: Pakistan has announced plans for a Bitcoin strategic reserve, marking a significant shift in its crypto policy.
- New Jersey's Tokenized Property Deeds: A New Jersey county is tokenizing $240 billion worth of property deeds using blockchain technology.
Regulatory Updates
- Ripple vs. SEC: Ripple is pushing the SEC to drop its "functional" and "decentralized" crypto tests, which could impact the industry's regulatory landscape.
- India's Crypto Tax Cuts: India is considering cutting crypto taxes to revive its $15 billion market, which was nearly killed by previous regulations.
- US Crypto Regulation: Former CFTC chair Rostin Behnam believes the crypto market will remain unregulated unless the agency is given greater authority .
Market Trends
- Bitcoin's Price Rally: Bitcoin is expected to reach $120,000, with some analysts predicting a peak of $220,000 to $330,000 by the end of 2025.
- Solana's Potential Rally: Solana's chart hints at a 180% rally to $300 if a key technical trend holds.
- Ethereum's Options Expiry: Ethereum bulls are aiming for $2,700 ahead of ETH's $2.4 billion options expiry.
Adoption and Innovation
- El Salvador's Bitcoin Buying Spree: El Salvador continues to buy Bitcoin despite IMF pressure to freeze new purchases.
- Pakistan's Bitcoin Strategic Reserve: Pakistan has announced plans for a Bitcoin strategic reserve, marking a significant shift in its crypto policy.
- New Jersey's Tokenized Property Deeds: A New Jersey county is tokenizing $240 billion worth of property deeds using blockchain technology.
Hey Bitcoin Price Movements: Bitcoin hit a record high of $112,000 last week but is now facing resistance at $110,000 despite strong institutional demand. Meanwhile, XRP has seen 70% of new inflows, though its on-chain activity has dropped 90% since March, hinting at speculative rather than utility-driven interest.
Yes
Binance News
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Blockchain and Cryptocurrency Seen as Future Financial System, Says U.S. Official
According to PANews, David Sacks, the U.S. White House's head of cryptocurrency and artificial intelligence, known as the 'Crypto Czar,' expressed his views at the Bitcoin 2025 Conference. He stated, "We believe that blockchain, Bitcoin, and cryptocurrencies represent the future of the financial system."
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https://www.binance.info/en/support/announcement/detail/d84d4dea7c994d1e837b2e4e7267e57e?ref=CPA_00E4GOW173&utm_medium=app_share_link&utm_source=new_share
https://www.binance.info/en/support/announcement/detail/d84d4dea7c994d1e837b2e4e7267e57e?ref=CPA_00E4GOW173&utm_medium=app_share_link&utm_source=new_share
https://www.binance.com/activity/word-of-the-day/G1129370263048486912/shared?shareParam=eyJhY3Rpdml0eUlkIjoiRzExMjkzNzAyNjMwNDg0ODY5MTIiLCJuZXdzSWQiOjI1NTc3NjE5NTYwNjE2NjA4MTIsInJvdW5kIjo0LCJ1c2VyS2V5IjoiV1UxMTMxNjUwMzM2Mzg1MjA0MjI0In0%3D
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