On June 9, the US House Ways and Means Committee held a hearing on six distinct cryptocurrency tax reform bills addressing mining and staking income, small transaction exemptions, charitable crypto donations, wash-sale rules, and voluntary disclosure for past tax issues. White House crypto advisor Patrick Witt supported the efforts, emphasizing tax parity and clarity. However, some Democrats raised concerns about potential tax avoidance in mining income deferral provisions. The proposals aim to modernize crypto tax rules and reduce paperwork, but must pass both congressional chambers before becoming law, with the session ending in 2026.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
