USDTHB

DeFi platforms, those bastions of financial innovation and decentralization, have been granted a reprieve from the burdensome compliance with the Internal Revenue Service. On the fateful Thursday, June 10, the U.S. Treasury Department, in a stroke of what some might call genius, eliminated the DeFi broker reporting rules. These rules, a relic of the Biden administration, had required DeFi platforms to issue IRS 1099-DA forms for every user transaction, a task as daunting as trying to herd cats. 🐱

Apparently, this is the first time it’s reached these dizzying heights since May, because who can keep track of time when you’re too busy refreshing your crypto wallet? 🕰️ It’s now up 20% this year, which is just a casual $20K or so. No big deal. And to think, it was languishing below $100K just last month. How quaint.

Ethereum is getting love letters too, as various corporate suitors spent millions last night hoping to win its digital hand. Yet, like a bashful debutante at a Victorian ball, Bitcoin remains the true object of institutional obsession—everyone’s favorite electrified lightning rod for capital and calamity. ⚡

But wait, there’s more drama than in a telenovela. Since April 1 (no joke, even if it sounds like one), every couple days have brought a price increase. The folks behind Husky Inu have already wrestled over $800,000 out of people’s wallets—and the coin still isn’t even house trained! 🐾💸

We greet, instead, the cold arithmetic of benchmarking, the relentless march of quantifiable KPIs, and sovereign capital deployed with a surgeon’s steely eye—metrics reigning where dreams once fluttered feebly. Bravo, modernity: you have arrived, briefcase in one hand, abacus in the other!

After this fiery spectacle, the circulating supply of BNB now stands at a measly 139.28 million tokens. That’s right, folks – they’re playing the long game here, with the ultimate goal of cutting the total supply in half, from 200 million down to a mere 100 million.

In a Wednesday notice, the leadership on the House Committee on Ways and Means and Oversight Subcommittee, with all the formality of a letter from a distant relative, announced that a July 16 hearing would focus on “affirmative steps needed to place a tax policy framework on digital assets.” The event, titled “ensuring digital asset policy built for the 21st century,” will come as House representatives, with the enthusiasm of a young lady at her first assembly, are expected to vote on three crypto-related bills.

Other altcoins that traded in positive territory included Ripple (XRP), up nearly 5% and trading around $2.41. Solana (SOL) is up almost 4%, trading around $157, while Dogecoin (DOGE) is up 5.44% at $0.179. And that’s not all, folks! Cardano (ADA), Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Toncoin (TON), Litecoin (LTC), and Polkadot (DOT) also registered substantial increases. 🤠

But wait—hold onto your seats, there’s more! Despite the plummeting dollar signs, people just can’t seem to stop trading these digital doodads. According to DappRadar (oh, the ever-watchful guardians of the NFT realm), the number of NFT sales in Q2 jumped 78% compared to the prior quarter. Meanwhile, trading volume dropped a hefty 45%. NFTs are now more affordable, but let’s be real—they’re just becoming more *accessible*. Isn’t that charming?

Right now, Ethereum ain’t sittin’ pretty at the top—more like layin’ back somewhere near $2,780, just countin’ its chickens before they hatch: