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The U.S. House Ways and Means Committee Proposes Comprehensive Reform of Cryptocurrency Taxation Framework

1 hours ago

June 5 – The U.S. House Ways and Means Committee is circulating seven draft proposals focused on digital asset taxation, with the goal of comprehensively overhauling America’s cryptocurrency tax framework, according to crypto reporter Eleanor Terrett. The proposals cover core areas including stablecoin payments, small-value transaction tax exemptions, mining and staking income recognition, crypto lending, wash sale rules, tax treatment for charitable donations, and a voluntary disclosure program for taxpayers with past reporting issues. The drafts are expected to take center stage at the committee’s cryptocurrency tax hearing this Tuesday.
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On-chain Near-Liquidation Whale Adds to Position After Four Months of Leveraged Accumulation, Previously Dormant for 5 Years

On June 5, on-chain analyst Ai Auntie (@ai_9684xtpa) released fresh details about the previously reported on-chain liquidation whale. The whale stayed dormant for five full years before reactivating four months ago to enter leveraged long positions on Ethereum (ETH). Currently, the two linked addresses have collectively posted 104,772.57 WETH as collateral to borrow 135 million USDT (including 24,500). Their respective liquidation prices stand at $1,555.04 and $1,565.72, meaning a further $35 drop in ETH’s price would trigger liquidation.

3 minutes ago

Zcash: Audit of Orchard Pool Supply Underway, Details to be Released Later

June 5: Zcash announced it will roll out a new method to audit the Orchard Pool’s recent replenishment, with more details set to be released later today.

3 minutes ago

BitMine Initiates Self-Rescue? to Expand Perpetual Preferred Stock Offering Size, Aiming to Raise Approximately $273.8 million

June 5 – BitMine Immersion Technologies announced today that it has increased the issuance size of its 9.5% Series A Perpetual Preferred Stock from 3 million shares to 3.5 million shares, with each share priced at $80. The offering is expected to generate approximately $2.738 billion in net proceeds, and delivery is scheduled to be completed on June 10. Funds raised from the offering will be used to boost holdings of Ethereum (ETH) and other digital assets, expand staking and validation infrastructure (including the MAVAN network), and support strategic investments. Separately, the company has applied to list this preferred stock on the New York Stock Exchange under the ticker symbol “BMNP.”

3 minutes ago

「Binance Saga」 Whale Once Again Accumulates, Now Holding a Total of 17.5 Million Tokens

On June 5, per monitoring by Onchain Lens, a newly created address has once again withdrawn 6.5 million "Binance Born" tokens from Binance, worth roughly $4.4 million. As of now, the address holds 17.5 million "Binance Born" tokens, valued at around $11.87 million.

3 minutes ago

BIT-affiliated Address Deposits Another $5.84 Million to Supplement ETH Long Position Margin, Unrealized Losses Reach $78 Million

On June 5, on-chain analytics platform LookOnChain monitors show a crypto address linked to BIT is carrying an unrealized $78 million loss on a 120,000 Ether (ETH) long position. To stave off liquidation, the address has deposited an extra $5.84 million in USDC as collateral. The latest liquidation prices for the four whale addresses stand at $1,414.51, $1,366.11, $1,360.73, and $1,309.53.

3 minutes ago

SpaceX IPO Oversubscribed

On June 5, market sources reported that SpaceX’s initial public offering (IPO) drew more orders than the number of available shares, signaling extremely strong investor demand.

3 minutes ago

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