The proposed tax reform could boost crypto adoption, enhance U.S. competitiveness in digital finance, and simplify tax compliance for users. The post Senator Lummis proposes to exempt small crypto transactions from taxes, ending double taxation for miners and stakers appeared first on Crypto Briefing.

Senator Lummis proposes to exempt small crypto transactions from taxes, ending double taxation for miners and stakers

The SEC delivered sweeping guidance for crypto ETP issuers, outlining strict 
disclosure standards that could fast-track compliant offerings and expand 
institutional access to digital assets. SEC Clarifies Rules for Crypto ETPs 
Under Securities Acts The U.S. Securities and Exchange Commission (SEC) issued 
a detailed statement on July 1 clarifying how issuers of crypto asset 
exchange-traded […]

SEC Issues Guidance on Crypto ETP Compliance Obligations Under Federal Law

The Dogecoin price may be setting up for a significant rally as a technical 
analyst identifies a bullish breakout above the 50-day trendline. After months 
of compressed price action, the meme coin now appears poised to conclude its 
downtrend, igniting fresh optimism within the crypto community. Dogecoin Price 
Set For Game-Changing Rally Trader Tardigrade, a crypto market analyst, 
announced in an X (formerly Twitter) post on July 1 that the Dogecoin price 
has just broken above a critical 50-day descending trendline on its daily 
chart. With this new development, the analyst anticipates the potential start 
of a powerful upward price movement soon. Related Reading: Dogecoin Price 
Retests 100 SMA Again – Here’s What It Means For Price Notably, the trendline 
breakout marks a significant shift in momentum for Dogecoin, which had been 
locked in a consistent downtrend over several weeks. The leading meme coin is 
currently trading at $0.17, having declined by almost 10% over the past month, 
according to CoinMarketCap. With the potential end of this market downturn in 
sight, Trader Tardigrade suggests that DOGE’s microstructure is now beginning 
to show early signs of a bullish reversal pattern. In his price chart, the 
analyst notes that Dogecoin established a higher low, followed by a higher 
high after its breakout above the long-standing trendline. More recently, a 
second higher low has formed, reinforcing the possibility that a new uptrend 
is underway. This structure, characterized by successively higher highs and 
lows, is often seen as the earliest confirmation that buyers could be 
regaining control of the market. The breakout is also especially significant 
because it follows an extended period of lower lows and lower highs, with the 
50-day trendline acting as a strong resistance barrier throughout. With that 
resistance now breached and early signs of a bullish market structure 
developing, Trader Tardigrade is increasingly optimistic about Dogecoin’s 
near-term prospects. If the current trend persists, it could signal the start 
of a sustained rally for the meme coin. Analyst Says Dogecoin Below $0.2 Is 
Free In a separate analysis, market expert Kaleo disclosed that Dogecoin’s 
current price below $0.20 presents a strong accumulation opportunity, implying 
that the meme coin is significantly undervalued when compared to its potential 
upside. Backing his view with a chart, the analyst projected that the Dogecoin 
price may be on the verge of a major breakout, with possible upside targets 
indicating a surge toward $1.5 and possibly beyond $ 3.50. Related Reading: 
Dogecoin Price Rocked By Market Collapse, Analyst Reveals When To Buy Kaleo’s 
chart analysis highlights strong similarities between Dogecoin’s current 
market structure, following the April 2024 Bitcoin halving, and the 2020 
breakout that preceded the meme coin’s historic bull run. In 2020, Dogecoin 
traded sideways within a Falling Wedge pattern for months before a breakout 
triggered a parabolic surge to fresh ATHs. The current price action exhibits a 
nearly identical setup, with the meme coin now emerging from a similar multi- 
year Falling Wedge, potentially setting the stage for another historic bull 
rally. Featured image from iStock, chart from Tradingview.com

Analysts Predict Major Dogecoin Price Rally After Breaking 50-Day Trendline

North Korean hacking groups are developing new methods to target Web3 
companies, including some aimed at infecting Apple systems. Additionally, the 
use of social engineering is becoming more prevalent in these attacks, 
highlighting the level of preparation involved in these operations. North 
Korean Hackers&#8217; New Methods: Nim Malware and Clickfix Hackers groups from 
North Korea […]

North Korean Hacking Groups Employ New Methods to Target Web3 Companies

In a recent post on X, Michael Steinbach highlighted that Toncoin’s current 
price is at $2.80, which he considers one of the most exciting levels of the 
year. With momentum building, Steinbach noted that traders everywhere are now 
asking the same question: Is a breakout finally underway, or is a sharp sell- 
off just around the corner? Toncoin Locked In A Narrow Range Between $2.70 And 
$2.80 Analyzing the daily chart, Michael Steinbach points out that Toncoin has 
been locked in a tight range between $2.70 as support and $2.80 as resistance 
for several weeks now. He warns that jumping into the market without a clear 
plan is a recipe for losses, especially when others are already navigating 
these well-defined zones with precision. Related Reading: Toncoin Heading 
Toward 40% Breakout, Pattern Could Suggest He highlights the RSI sitting at 
39, a relatively weak position. While it&#8217;s not yet in oversold territory, 
Steinbach notes that buyers may be holding off for deeper levels. Back in 
April, a strong rebound occurred from below 30, making the 30–32 zone a 
critical area to watch for potential bullish reactions. In terms of risk, 
Steinbach warns that a break below the $2.70 support could hand control over 
to the bears. If that level fails, the next downside targets to watch are 
$2.50 and, in a worst-case scenario, $2.00. He reminds traders that repeated 
tests of a support zone tend to weaken it over time, and when it finally 
cracks, the fallout can come fast. Whether watching for a breakout or a 
breakdown, having a plan is essential. Reacting after the crowd moves rarely 
pays off; it’s the calm, pre-planned decisions that give traders the edge when 
volatility strikes. Breakout Or Pullback? Define The Setup Before Entering In 
outlining the bullish scenario, the analyst noted that if Toncoin manages to 
secure a daily close above the $2.80 resistance, momentum could quickly follow 
through. This breakout could open the path toward $3.00, with an extended 
target near $3.40, representing a potential 26% gain from current levels. 
That’s the kind of upside savvy traders prepare for. Related Reading: Toncoin 
Rises 13% On Telegram’s $300 Million Deal With Elon Musk’s xAI So, what’s the 
key takeaway? According to the analyst, successful trading doesn’t rely on gut 
feeling; it requires well-defined triggers. That means either entering on a 
confirmed breakout above $2.80 with a stop-loss just below, or stepping back 
and waiting for a pullback that aligns with RSI signals. The focus should 
always be on minimizing risk while allowing profits room to grow. As for now, 
the analyst sees the trend as sideways to slightly bearish. Until the chart 
sends a crystal-clear signal, the best approach is patience — no FOMO trades, 
no blind bets, just disciplined setups. Featured image from Medium, chart from 
Tradingview.com

Toncoin Walks A Tightrope At $2.80 As Market Tension Builds – What Next?

Long‑term holders of Bitcoin may need to see a fresh high around $140,000 
before they enjoy the same kind of profits they saw earlier this cycle. 
Related Reading: Bitcoin Holds Steady Above $107K As US Senate Clears $4.5T 
Spending Bill According to CryptoQuant, that price point lines up with past 
peaks in realized gains for those who have kept their coins untouched for at 
least six months. &#8216;Market Magnet&#8217; Theory CryptoQuant used the Market Value to 
Realized Value (MVRV) ratio to track how deep in profit holders are right now. 
Based on reports, the average realized profit for long‑term holders stands at 
about 220%. That sounds healthy. But in March and December 2024, holders were 
sitting on roughly 300% and 350% gains, respectively. The gap between today’s 
220% and those earlier highs is what Darkfost, a CryptoQuant contributor, 
calls a form of “market magnet.” Many are calling for $140,000 BTC so that 
unrealized profits match the cycle’s top levels. Profit‑Taking Trends 
Long‑term investors have been selling as Bitcoin flirts with new highs. Recent 
data shows that these holders have driven much of the selling pressure in the 
past few weeks. The average cost basis for this group — the realized price — 
is near $33,800. That means anyone buying before six months ago would need 
Bitcoin to reach $33,800 just to break even. And to hit the profit levels of 
March and December 2024, BTC must climb to $140,000. This dynamic pushes some 
traders to lock in gains early, while others hold on for bigger moves. Super 
Majority Still In The Green Based on reports, a super majority of Bitcoin 
investors are sitting on unrealized profits worth a combined $2.5 trillion. 
That number reflects the overall strength of the market’s recent rally. Even 
so, many investors remain confident that fresh buying can soak up any waves of 
profit‑taking. The current phase feels like a pause. Buyers and sellers are 
sizing each other up. The question now is whether demand will pick up enough 
to drive that magnet‑level price. Related Reading: Insane Or Insightful? VC 
Firm Says XRP Could Reach Nearly $9,000 In Just 5 Years Cycle Outlook And Next 
Steps Analysts said that Bitcoin looks ready for a post‑breakout retest after 
breaking a multi‑week downtrend that began in mid‑May. They added that the 
bull run might only have several months left before a final surge and then a 
change in trend. If this view holds, that final push could be the moment when 
BTC nears or even hits $140,000. After that, history suggests a sharp peak and 
then a cool-down. Featured image from Imagen, chart from TradingView