The U.S. Treasury Department announced on Monday, as reported by BlockBeats, that its net borrowing estimate for the second quarter has risen by $391 billion compared to projections made in February. This revision is primarily due to delays by Congress in raising the federal debt ceiling, resulting in lower-than-expected cash reserves at the beginning of the quarter. However, when excluding the impact of the initial cash balance, the updated borrowing forecast is actually $53 billion lower than previously anticipated. According to an analysis by Zerohedge, the so-called "DOGE" government efficiency unit — humorously linked to Elon Musk — appears to be enhancing fiscal management, contributing to reduced financing needs. Overall, government revenues have slightly surpassed last year’s figures, while expenditures remain near the lower end of their historical range. #DOGE $DOGE
#TrumptaxCuts Big News from President Trump! Trump has announced that once the new tariff system is fully in place, the U.S. could significantly cut—or even completely eliminate—federal income taxes!
This bold move could transform the economy, leading to discussions around inflation, government spending, and the growing influence of alternative assets like Bitcoin.
What’s your prediction? Will this fuel a bullish surge in the crypto markets, or are you leaning bearish? Drop your thoughts!
Get involved: 👉 Post with #TrumpTaxCuts or use the $BTC cashtag, or share your trader profile and analysis to earn Binance Points! (Just hit the "+" on the app homepage and head to the Task Center)
Activity Duration: April 28, 2025, 06:00 (UTC) — April 29, 2025, 06:00 (UTC)
Points are awarded on a first-come, first-served basis, so don't miss out—claim yours daily! $BNB $TRUMP $XRP
According to CoinMarketCap data, the global crypto market cap stands at $2.99 trillion, reflecting a 1.57% increase over the past 24 hours. Bitcoin (BTC) traded between $92,800 and $94,888 during this period. As of 09:30 AM (UTC) today, BTC is priced at $94,774, up by 0.70%. Most major cryptocurrencies by market capitalization are showing mixed performances. Top market gainers include FIS, EDU, and PENGU, which are up by 29%, 26%, and 26%, respectively. $BTC $ETH $XRP
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