Cryptocurrency Markets and On-Chain Ecosystem Developments

Sen. Steve Daines, a member of the Senate Finance Committee, said the Senate could release a crypto tax bill by fall 2026, with a framework already drafted. Daines stated the Senate plan is 'more similar than not' to the House Ways and Means Committee's proposal, and a markup could come this year.

According to Bloomberg Tax, Sen. Steve Daines of the Senate Finance Committee said the Senate could unveil a crypto tax bill by fall 2026, with a framework already drafted. Daines expressed hope that lawmakers could hold a markup on crypto tax legislation this year, marking the first formal step

Kalshi filed a lawsuit against Illinois on Wednesday, challenging the state's authority to impose a 15% tax on revenue from sports-related prediction market wagers. The lawsuit follows Illinois governor JB Pritzker signing a bill into law last week that establishes a Sports Wagering Fund, set to

According to market data, Bitcoin price declined toward the $60,000 mark today (June 24), intensifying pressure on MicroStrategy (MSTR), which holds the world's largest institutional Bitcoin treasury of 847,363 BTC. MSTR shares fell 4.18% to $99.50, dropping below $100 for the first time since

XRP's availability on Binance increased as the exchange's Scarcity Index fell to approximately 0.34, its lowest level in over three months, according to a Cryptoquant analysis published on June 22. At 3:05 p.m. EDT on June 24, XRP traded at $1.0573, down 3.85% over the past 24 hours. The decline in

According to Cryptoquant analysis published on June 22, the XRP Binance Scarcity Index declined to 0.34 on June 24, marking its lowest level in more than three months and signaling increased XRP supply availability on the exchange. The metric tracks the relationship between XRP held on Binance and t

According to Bitcoin.com, crypto markets are facing tighter liquidity conditions as Federal Reserve rate expectations shift in a more hawkish direction. Higher-for-longer policy expectations can reduce stablecoin growth, ETF inflows and overall risk appetite, potentially weighing on Bitcoin and

On Wednesday, Bitcoin fell to its lowest level in 21 months, according to CoinGecko data, as a broader sell-off in digital assets intensified. The leading cryptocurrency dropped to $59,217 before recovering to $60,700, marking a 2.7% decline over the past 24 hours and extending losses to a third

On June 24, 2026, between 20:00 and 21:00 UTC, the ETH price saw a short-term rebound of +1.63%, trading in the range of 1579.9 - 1612.32 USDT, with an amplitude of 2.05%. This increase occurred after ETH broke below the $1,700 mark and found support in the key technical support zone of $1,650. Market volatility intensified, and bearish sentiment eased slightly. The main drivers of this anomaly were the resonance between technical factors and capital flows. After the price fell from the $1,700 r

On June 24, 2026, from 20:00 to 21:00 (UTC), the Bitcoin price rose +1.19% in one hour, rebounding from 59,852.3 USDT to 60,829.0 USDT, with an amplitude of 1.63%, showing short-term technical repair characteristics. The market gained support above the psychological threshold of $60,000, with short-term volatility increasing but not breaking through key resistance levels. The main driving force of this anomaly is technical oversold repair coupled with marginal improvement in ETF fund flows. The

Gate News bot message, Gate market data shows BTC breaking through 61,000 USDT, currently at 61,000 USDT.

From 20:00 to 20:15 UTC on June 24, 2026, ETH staged a quick rebound within 15 minutes, yielding +1.63%, with the price rising from 1,579.9 USDT to 1,612.32 USDT, a 2.05% amplitude. The abnormal move occurred amid overall market pressure, as ETH posted a 24-hour decline of -5.03% and briefly fell to its lowest level in two weeks, typical of a short-term oversold bounce. The main driver of this move was technical oversold repair. The price had fallen to the intraday low of $1,558.39 just before t

During the period from 20:00 to 20:15 UTC on June 24, 2026, BTC showed a +1.19% yield, with a price range of 59,852.3 - 60,829.0 USDT and a volatility of 1.63%. This period was a transition from the Asian trading session to the European and American sessions, with a technical rebound occurring after successively breaking below the psychological threshold of $60,000. The main driver of this abnormal movement was the marginal improvement signal in institutional capital inflows. Although BTC ETFs h

According to Coinglass data reported by ChainCatcher, crypto markets experienced $871 million in liquidations over the past 24 hours, with long positions accounting for $786 million and short positions $84.63 million. Bitcoin long liquidations reached $318 million, while Ethereum longs saw $169 mill

According to data from the European Securities and Markets Authority (ESMA) reported by Euronews, Europe's crypto industry faces a major regulatory overhaul as the European Union's Markets in Crypto-Assets Regulation (MiCA) takes full effect on July 1, 2026. Companies without MiCA authorization

On Wednesday, the House Administration Committee approved legislation prohibiting U.S. Congress members, their spouses, and dependent children from betting on prediction markets related to government or political outcomes. The bill, led by Committee Chair Bryan Steil (R-Wisconsin), passed on a

Voyager Digital investors appealed on June 23 the dismissal of a class-action lawsuit against billionaire entrepreneur Mark Cuban and the Dallas Mavericks. The appeal challenges Judge Roy Altman's December 2025 ruling, which dismissed the complaint on the grounds that plaintiffs failed to

ETH is close to a crucial monthly support level, with traders keeping a close eye on the price of $1,750.  If Ethereum breaks below key support, there is potential for deeper downside before renewed demand returns. Buyers have been coming in after a steep pullback in the middle of the

ETH is close to a crucial monthly support level, with traders keeping a close eye on the price of $1,750.  If Ethereum breaks below key support, there is potential for deeper downside before renewed demand returns. Buyers have been coming in after a steep pullback in the middle of the

ADA holds near demand, while traders monitor 0.1586 support for signs of a bounce or deeper decline. Funding rates remain near neutral despite months of weakness, showing balanced derivatives positioning. Resistance between 0.1639 and 0.1651 remains a key barrier before any broader