Express News | The proposed cryptocurrency tax legislation would allow taxpayers to defer reporting income from staking rewards and support consolidated reporting of multiple transactions.

Breakings03:59

Capital flees in panic as Bitcoin enters a summer of volatility

By Nancy, PANews Tensions in the Middle East have escalated abruptly, bringing Wall Street’s weeks-long rally to a sudden halt. The nine-day winning streak in U.S. equities has come to an abrupt end, while the crypto market—among the first hit as liquidity recedes—has already begun feeling the impact. Over the past month, the AI-driven rally supported fresh highs in U.S. stocks, while Bitcoin faced downward pressure despite the broader market strength. With a sharp increase in selling pressure and accelerating capital outflows, Bitcoin has consecutively breached multiple key psychological support levels. The rebound in Bitcoin has now ended, as ETF outflows persist, marking the conclusion of a two-month rally and pushing Bitcoin back into a downtrend amid cooling risk appetite and continued fund withdrawals.

PANewsJun 4 16:05

Serenity issues another trading call: cryptocurrency-related stocks may once again attract swing trading capital.

On ****e new oracle of stocks' Serenity posted that crypto-related equities such as $Coinbase (COIN.US)$, $Robinhood (HOOD.US)$, and $Circle (CRCL.US)$ are approaching a pivotal moment of the year. If narratives like a so-called 'friendly U.S. administration' and 'strategic reserves' fail to materialize—and if bank lobbying efforts lead to the enactment of legislation akin to the Clarity Act—it could stifle innovation in the crypto sector. Serenity further noted that such policies might restrict yield-generating products and competition within the crypto space.

BlockBeatsJun 4 11:10

The U.S. Clarity Act has been placed on the Senate legislative calendar.

PANews, June 3 — According to Bitcoin News, the U.S. Clarity Act has officially been submitted by the Senate Banking Committee and placed on the Senate’s legislative calendar. The Senate Banking Committee passed the bill on May 14 by a vote of 15 to 9, and it was formally added to the Senate calendar on June 1, making it eligible for full Senate consideration. The next critical hurdle is a floor vote in the full Senate.

PANewsJun 3 16:37

The Blockchain Association urged the U.S. Senate to pass the Clarity Act, accompanied by a joint letter signed by 160 former security officials.

PANews, June 3 — According to The Block, the Blockchain Association sent a letter on Tuesday to Senate Majority Leader John Thune and Democratic Leader Charles Schumer, expressing strong support for the Clarity Act. The letter, signed by 160 former national security and law enforcement officials, emphasized that digital asset market structure is a priority for law enforcement and national security. It stated that the Clarity Act expands law enforcement capabilities within the digital asset ecosystem and

PANewsJun 3 11:45

Bitcoin falls below $67,000—has liquidity abandoned the crypto market?

The crypto market continues to decline, and Bitcoin sentiment has deteriorated sharply. Factors including AI-driven rallies in U.S. equities, major exchanges expanding into U.S. stock trading, outflows from ETFs, and Strategy selling its holdings have collectively left the market severely lacking liquidity support.

Jinse FinanceJun 3 11:30