Crypto Tax Loopholes Closing? A Look Inside ‘Bitcoin Senator’ Lummis’ New Bill

Senator Cynthia Lummis (R-WY) has introduced a sweeping digital asset tax reform bill aimed at modernizing how cryptocurrencies are taxed in the United States, renewing her efforts to ease regulatory burdens on digital asset users.

What Happened: The legislation, unveiled on July 3, proposes to resolve several long-standing tax complications in the crypto sector, including a $300 de minimis exemption for small transactions, more practical tax treatment for mining and staking, and bringing parity between digital assets and traditional financial instruments.

“In order to maintain our competitive edge, we must change our tax code to embrace our digital economy, not burden digital asset…

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‘The world supercomputer’: Nexus activates final testnet for AI-ready blockchain

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Nexus is billing itself as “the world supercomputer.” The L1’s ambitions are on full display as it churns through its final testnet ahead of mainnet launch, slated for later this year.

Anyone can join the network in a few clicks from any device, contributing compute power to help build what Nexus calls “a verifiable world.”

What is a “world supercomputer,” you might ask? It’s a novel approach, according to CEO and founder Daniel Marin:

“The goal there is to build the largest distributed computer system ever, and part of the reason we’re doing that is because we’re…

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A New Era Of Intellectual Sovereignty

UATX, The University of Austin, Texas, is rediscovering and redefining academic pursuit. Founded in 2021, the start-up university stands as a protest to the intellectual dogma and the “woke” radicalization of major universities in recent years, focusing instead on entrepreneurship and preparing students for a technologically and culturally complex future.

These old values, rekindled by the chaos of modernity, have led UATX to Bitcoin: “The first principles of this institution share the same space, language, and ethos as the first principles behind Bitcoin: freedom of speech, freedom to transact, individual and institutional sovereignty, distributed decentralized governing…

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Geyser Launches $10K Nostr Wallet Connect Grant To Spark Open-Source Innovation

Geyser, a Bitcoin crowdfunding and grants platform, announced the NWC Hackathon Grant this week, inviting projects that leverage Nostr Wallet Connect (NWC) – a communication protocol that enables programmable, non-custodial Bitcoin payments and seamless interactions between apps and wallets. NWC uses the Nostr relay network as an always-on, encrypted message layer linking applications to users’ wallets, so apps can request payments or fetch data without custodial intermediaries. This design allows Bitcoin to move more freely between services. “The timing feels right… There’s growing excitement around leveraging NWC for Lightning development,” said Mick Morucci,…

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Virtune AB (Publ) (“Virtune”) has completed the monthly rebalancing for June 2025 of its Virtune Crypto Top 10 Index ETP – the first crypto index ETP in the Nordics

Stockholm, 3rd of July 2025 – Virtune today announces the completion of the monthly rebalancing for Virtune Crypto Top 10 Index ETP, listed on Nasdaq Stockholm for both the SEK-denominated (ISIN code SE0020052207, ticker name VIR10SEK) and the EUR-denominated (ISIN code SE0020052215, ticker name VIR10EUR) ETP.

In addition to the Virtune Crypto Top 10 Index ETP, Virtune’s product portfolio includes:Virtune Bitcoin ETPVirtune Stellar ETPVirtune Staked Ethereum ETPVirtune Staked SolanaVirtune Staked Polkadot ETPVirtune XRP ETPVirtune Avalanche ETPVirtune Litecoin ETPVirtune Chainlink ETPVirtune Arbitrum ETPVirtune Staked Polygon ETP Virtune Staked Cardano ETPVirtune Crypto Altcoin Index…

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The Investor’s Guide to Machine DeFi

For years, DeFi has promised to reshape global finance by offering a peer-to-peer alternative to traditional systems. And while it has unlocked powerful tools for trading, lending, and yield generation, this transformation has largely remained confined to its own digital sandbox. Value circulates, but rarely escapes into the real world.

Machine DeFi changes that.

Rather than revolving around speculative assets, Machine DeFi brings programmable peer-to-peer finance into contact with tangible machines that generate real-world value. Whether it’s a robot serving coffee or a charging station powering electric vehicles, these machines can now operate as on-chain financial actors….

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LATEST: Bitcoin Benefits From Stablecoin Support Of U.S. Debt, Arthur Hayes Says

Former BitMEX CEO Arthur Hayes believes stablecoins could help rescue the US Treasury as it struggles to fund over $5 trillion in bond sales this year. In a July 3 post Hayes said Treasury Secretary Scott Bessent faces a nearly impossible task of selling debt while keeping the 10-year yield below 5% and without Fed support

Stablecoins may offer a lifeline. Hayes pointed to JP Morgan’s JPMD token on Coinbase’s Base network as a sign of change. He predicts banks could transform deposits into stablecoins cutting $20 billion in compliance costs and recycling trillions into Treasury bills. Tokenized deposits could unlock $6.8 trillion in demand for T-bills Hayes estimated

Data shows T-bills now yield around 5.3% while bank reserves pay roughly 5.4% Hayes argues that tokenized dollars will shift idle cash into Treasuries acting like stealth quantitative easing. That new liquidity could support Bitcoin and other risk assets Hayes says even if there is a brief slowdown after debt ceiling talks

Source

Another Arizona Bitcoin Reserve Bill Vetoed By Governor

Arizona Governor Katie Hobbs has vetoed a bill that would have created a state-managed reserve fund using bitcoin and digital assets seized from criminal activity. This is the third time Hobbs has put an end to a bill seeking to establish a bitcoin reserve.

The latest Arizona bitcoin reserve bill, House Bill 2324, would have established a “Bitcoin and Digital Assets Reserve Fund”. The fund was to be managed by the Arizona State Treasurer and funded through digital assets seized in criminal cases.

Under the plan, the first $300,000 from seized digital assets would have gone to the Anti-Racketeering Revolving Fund (ARRF), and any remaining funds would be split: 50% to the…

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Seeding Bitcoin Treasury Companies In Every Capital Market

NOTE: This article presents the author’s perspective on the likely structure and future implications of Nakamoto’s strategy. It is a forward-looking analysis, not a statement from Nakamoto or its employees. Until the proposed merger closes, Nakamoto’s strategic execution remains subject to change. The analysis reflects public materials, early actions, and directional signals observed to date.

Introduction: From Treasury Strategy to Global Bitcoin Refinery

The Nakamoto strategy offers a new framework for capital formation in the age of Bitcoin. Rather than viewing Bitcoin solely as a reserve asset, Nakamoto is pursuing an approach that uses Bitcoin as a foundation for…

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LATEST: Solana Staking ETF Launch Sees $33 Million Volume on First Trading Day

The first spot Solana staking exchange-traded fund, named REX-Osprey Solana + Staking ETF, made a powerful debut Wednesday with $33 million in trading volume, according to Bloomberg Senior ETF Analyst Eric Balchunas. It ended the day managing about $1 million in assets, but Balchunas expects that could jump to $10 million on day two, given the impressive volume.

Unlike other staking ETFs under SEC discussion, this fund operates under the tougher Investment Company Act of 1940 rules, requiring a qualified custodian. REX-Osprey chose Anchorage Digital, the only federally regulated bank approved to both custody and stake crypto assets, offering extra security for investors. Anchorage CEO Nathan McCauley called staking the next chapter in crypto ETFs and said this launch will help institutions access digital assets in a regulated package.

Despite momentum, the SEC remains cautious about new ETF structures. On Wednesday, Deputy Secretary J. Matthew DeLesDernier signaled the agency is still reviewing a recently approved Grayscale ETF, suggesting strict listing standards will not change easily.