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A coalition of 160 former U.S. national-security, intelligence and law-enforcement officials urged the Senate on Tuesday to pass the Digital Asset Market Clarity Act, casting the bill as a national-security upgrade rather than an industry favor. The letter, organized by the Blockchain Association,… Read the full story at The Defiant

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The uptake on Israel’s crypto voluntary disclosure program remains modest relative to policymakers’ expectations, underscoring the challenges of using immunity from criminal prosecution to coax tax compliance in a rapidly evolving asset class. The policy, introduced to encourage disclosure and correct reporting of crypto holdings, became effective with an August 2025 framework that offers certain protections for filers who come clean and settle their liabilities.

Globes reported that the Israel Tax Authority has so far received disclosures totaling roughly $50 million in crypto capital, a fraction of the tens or even hundreds of billions that could be underreported, depending on holdings. The program’s design grants immunity from criminal charges for filers whose crypto asset value does not exceed the equivalent of $522,000 as of December 2024, provided reports are corrected and all taxes are paid in full before August 31, 2026. To date, only 58 filers have attempted to use the mechanism, according to the same coverage.

“In the cryptocurrency field, the difficulty of the absence of an anonymous track is even more acute,” commented Iftach Simhony, a CPA and head of the tax department at the Prof. Bein Law Office, as cited by Globes. “When the risk assessment of some taxpayers is not high, and the procedure itself does not offer certainty or anonymity in the first stage, the incentive to undergo voluntary disclosure is weakened.”

The disclosure framework announced by the tax authority describes a pathway to immunity from criminal charges for crypto holders who disclose holdings within the threshold, file accurate reports, and settle tax obligations by the deadline. The policy relies on transparency and timely reporting, with the threshold tied to December 2024 values and a rigidity around the full payment deadline, signaling a measured approach to bringing crypto gains into the tax net without immediate criminal exposure for disclosures within the cap.

Separately, data from the Bank of Israel situates the private crypto landscape within a broader national financial frame. The bank’s financial stability report covering January to June 2024 estimates that Israelis held about $1 billion worth of crypto assets, highlighting the scale of the market and the potential tax base that policy makers are trying to align with enforcement and compliance strategies.

Key takeaways

• Israel’s voluntary disclosure program has yielded about $50 million in crypto disclosures so far, far below the projected potential as of the August 2025 policy rollout.
• The program offers immunity from criminal charges if holdings stay under the equivalent of $522,000 (as of December 2024) and all taxes are paid and reported by August 31, 2026; uptake remains limited, with 58 filers reported.
• Analysts point to concerns about anonymity and risk assessment, suggesting that the lack of a clear anonymity pathway dampens participation in the early stage of the program.
• Bank of Israel data indicates Israelis hold roughly $1 billion in crypto assets, underscoring the significant scale of the market and the implications for future tax policy and enforcement.
• In the United States, lawmakers are pursuing a de minimis exemption for small crypto transactions through the PARITY Act, signaling a shift toward simpler reporting for routine, low-value activity.

Israel’s disclosure program: incentives, constraints, and what changes could matter

The August 2025 framework aims to strike a balance between enforcement and voluntary compliance by offering a shield from criminal charges for those who disclose and settle. Yet the limited early engagement—just 58 filers—suggests that farmers of crypto reporting may be deterred by a combination of perceived risk, the timing of the deadline, and the perception that the disclosure process lacks sufficient privacy guarantees. The threshold, pegged to the December 2024 value reference, creates a clear boundary: the smaller holders could leverage the immunity route, while larger holders remain under the ordinary tax regime with heavier scrutiny.

Observers stress that successful tax collection in this space requires not just a carrot (amnesty) but also a clear, efficient path to reporting that reassures taxpayers about privacy and minimizes the friction of compliance. The Globes interview with Iftach Simhony captures a core tension: when the incentives to disclose are not compelling—especially for those who worry about privacy and potential audits—the policy’s effectiveness can falter before it starts to reshape behavior.

Global context: how U.S. policy discussions could influence Israel and broader crypto taxation

The international backdrop adds another layer of complexity for policymakers. In the United States, a bipartisan effort known as the PARITY Act seeks to relieve the burden of crypto tax reporting for small-value activity. The bill would direct the Internal Revenue Service to study establishing a de minimis exemption for digital assets, potentially allowing taxpayers to bypass reporting for minor or routine transactions. If such a threshold were adopted, it could reduce administrative costs for individuals and exchanges alike and shift how tax authorities allocate enforcement resources.

From a policy design perspective, the American approach contrasts with Israel’s emphasis on disclosure as a pathway to immunity. The divergent approaches highlight the ongoing debate over how to balance tax compliance with user privacy, enforcement risk, and the practical realities of a fast-growing asset class. For investors and users in both markets, the cross-border regulatory dialogue matters because it affects how crypto gains are reported, how accurately holdings are captured, and how compliant behavior is incentivized over time.

For Israeli readers, the question remains: will the current uptake be sufficient to close the gap between expected tax receipts and actual revenue? For U.S. stakeholders, will any de minimis exemption gain legislative traction, and how might that shape reporting standards for international crypto activity? Both questions are central to understanding how governments adapt tax regimes to the digital-asset era while striving to maintain a competitive, innovation-friendly environment.

As crypto markets continue to evolve, regulators will likely reassess thresholds, reporting formats, and enforcement priorities. Market participants should monitor updates to the Israeli policy framework, potential changes to the Bank of Israel’s regulatory stance, and any new developments in U.S. tax policy that could ripple across borders and influence how crypto profits are disclosed and taxed in the months ahead.

Readers should stay attuned to further disclosures from the Israel Tax Authority and Bank of Israel, as well as Congressional updates on the PARITY Act, to gauge how these regulatory movements might affect tax planning, compliance costs, and strategic decisions for investors and businesses operating in or collaborating with Israel and the United States.

This article was originally published as Israel Tax Authority Dissatisfied With Voluntary Crypto Disclosures on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

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ChatGPT AI predicts XRP price positioned for a strong 30-day move, targeting $1.55 to $1.80 prediction from a current price of $1.238, with the squeeze scenario toward $1.60 and beyond activating the moment XRP flips $1.35 into support.

The bull case Sam Altman’s AI is building is not complicated but the timing element makes it more interesting than most XRP predictions this week.

Months of underperformance have left a large pool of sidelined capital sitting on the sidelines waiting for a signal, and ChatGPT is arguing that signal is close.

Institutional ETF interest is still growing, XRPL activity is rising, and the regulatory cloud that suppressed participation for years has cleared. Those 3 things working together create the conditions for aggressive rotation when Bitcoin stabilizes and gives altcoins room to breathe.

The $1.35 level is the specific technical trigger ChatGPT identifies. Right now, it is resistance. Flipping it into support on a closing basis with volume behind it is the event that changes the character of the trade from a range grind to a momentum move toward $1.60 and above.

That is a precise and useful read because it gives a clear line in the sand rather than a vague directional opinion.

The bear case is equally specific. The $1.15 to $1.18 zone is the floor that matters most on the downside. Losing it with conviction would trigger a liquidity flush toward $1.00, which is a level XRP has not traded at since before the November 2024 breakout.

Broad market weakness or fading ETF momentum are the 2 catalysts that could push the price there, and both are live risks given where Bitcoin is sitting right now.

XRP Price Prediction: XRP Just Had a 6.98% Weekly Loss and Is Now Testing the Pre-Breakout Zone That Started Everything

XRP price is closing the current week at $1.238, down nearly 7% on the week, and this weekly chart, going back to early 2024, is showing something that has not happened since the original November 2024 breakout: price is approaching the launch zone where the entire institutional repricing began.

The vertical move from $0.55 to $3.40 in late 2024 left little structural support on the way up, as it happened too quickly for buyers to build meaningful positions at any particular level.

That speed is now working against the recovery, because there are no strong historical support zones between $1.00 and $1.60 built through accumulation rather than just passed through during a parabolic move.

The $1.20 level is the closest thing to a genuine floor on this chart, and it has been tested and held on multiple weekly closes since February.

This week’s candle low of $1.188 tested below $1.20 intraweek before recovering to close at $1.238, which mirrors the wick behavior seen at the February low.

That kind of below-support wick followed by a recovery close is often the last liquidity grab before a meaningful bounce, and it is exactly the pattern ChatGPT’s $1.15 to $1.18 bear case floor is referencing.

If $1.20 holds on a weekly close basis, the base between $1.20 and $1.60 remains intact, and the $1.55 to $1.80 target stays in play. If it breaks, the next level with historical significance is $1.00, where the pre-election institutional positioning began in late 2024.

LiquidChain Is Catching the Attention of XRP holders: ChatGPT AI Predicts It’s the Next 100x

The rotation has already started. Most people just have not noticed where it is going.

Large-cap crypto is not broken. It is just capped. Bitcoin, Ethereum, and XRP are all pressing against the same resistance bands they have been testing for weeks.

The macro relief that would unlock the next leg keeps getting delayed. The institutional inflows that were supposed to arrive keep getting pushed back. Sitting in assets where the upside depends entirely on catalysts outside your control is a strategy with a known ceiling.

The money that understands cycles does not wait at that ceiling. It moves before the next thing becomes obvious.

Early-stage infrastructure plays operate on fundamentally different math. The market cap is small enough that a relatively modest capital rotation produces dramatic price movement.

The upside has not been priced in yet because the market has not fully discovered the project yet. That gap between what something is worth and what the market currently thinks it is worth is where the asymmetric returns come from.

Multi-chain fragmentation is one of the most persistent and costly problems in DeFi. Bitcoin, Ethereum, and Solana each run their own isolated liquidity infrastructure with no native way to connect them.

Every user who moves value between ecosystems pays for that disconnection in fees, slippage, and failed transactions. LiquidChain eliminates that cost entirely by collapsing all 3 networks into a single execution layer. One deployment. Full ecosystem access. No cross-chain tax on every interaction.

The presale is at $0.01454 with just over $700,000 raised. Ground floor is not a marketing phrase here. It is a description of where this actually sits in its lifecycle.

Execution is unproven. Adoption is unknown. Those risks are real and worth naming directly. Established assets offer a smoother ride toward a ceiling that is already visible. This offers an earlier seat at a table that has not been set yet.

Explore the LiquidChain Presale

The post Sam Altman ChatGPT AI Predicts XRP Price For The Next 30 Days appeared first on Cryptonews.

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The crypto market is moving through uneven momentum as different narratives compete for attention. Toncoin remains tied to its messaging-based ecosystem and steady network usage. Shiba Inu continues to rely on strong community participation and periodic meme-driven cycles across retail sentiment shifts. Bonk Coin tracks closely with Solana activity, often reacting quickly to broader ecosystem moves.

BlockDAG is drawing increased focus due to its now live Legacy Sale offering BDAG at a $0.00000044 price and a buyback program allowing holders to sell coins at $0.001 per coin. This is where the next big crypto discussion intensifies, as direction splits across utility, community, and sentiment-led assets. BlockDAG currently sits within a more active participation cycle compared to its peers.

1. BlockDAG: Live Legacy Sale Drives Buyback Program Access

The Legacy Sale is now live, allowing participants to access the Buyback Program through their dashboard after purchase by selecting “Sell Coins.”

There are two participation routes. Legacy Sale buyers can register their BDAG in the dashboard for the Buyback Program with no swap required. Existing holders may also participate by acquiring BDAG via BDAG SWAP at a discounted rate and sending tokens to the designated buyback wallet, subject to a daily submission cap per wallet.

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Eligible BDAG submitted under the Buyback Program will be repurchased, with payments made in USDT to the registered wallet by November 1, 2026. Proof-of-funds wallets have also been added to the “Sell Your BDAG” page for added transparency.

The next big crypto discussion often centers on assets where timing and access shape participation more than passive holding. In this case, attention is focused on the narrowing buyback window and how quickly conditions are expected to change within a short timeframe.

Overall, BlockDAG is experiencing a moment where urgency is driven by a clearly defined buyback adjustment, making timing a critical variable for those engaging with the current participation opportunity.

2. Toncoin: Price Holds Near $2 Range Stability

Toncoin is a blockchain asset within The Open Network ecosystem, primarily used for payments, staking, and network-based transactions. It has maintained steady visibility due to ongoing ecosystem activity and integration with messaging-based applications.

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Price movements have reflected broader market conditions, with periods of volatility followed by consolidation rather than sustained directional trends. Toncoin is currently trading in the approximate range of $2.00–$2.10, based on recent market data, with intraday fluctuations across exchanges.

In broader discussions around the next big crypto, Toncoin is often referenced due to its established position among large-cap assets and consistent network usage. Its price behavior continues to be shaped by market sentiment and overall crypto cycle movements rather than isolated momentum shifts.

3. Shiba Inu: Market Driven by Social Sentiment

Shiba Inu remains a widely recognized meme-based cryptocurrency, driven primarily by community participation, social sentiment, and periodic retail-driven interest. Within the next big crypto discussion, it is often referenced as an example of a sentiment-led asset that tends to move in short cycles rather than sustained trends.

Its ecosystem includes additional utility components, but price action continues to be influenced mainly by broader market mood and liquidity shifts across exchanges. Shiba Inu is currently trading around $0.0000055 USD, with minor fluctuations reflecting overall crypto market volatility. Despite cyclical movement patterns, it maintains consistent visibility due to its large holder base and active trading presence across major platforms.

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4. Bonk Coin: Volatility Driven by Solana Sentiment

Bonk Coin operates within the Solana ecosystem as a meme-driven token influenced heavily by community activity and broader network sentiment. Price action tends to respond quickly to shifts in liquidity and trading interest across the ecosystem.

Bonk Coin is currently trading around $0.0000055 USD, with short-term movement driven largely by speculative flows and overall market conditions. Within the next big crypto discussion, it is often referenced as part of Solana’s meme segment that experiences sharp but sentiment-led price cycles rather than steady directional trends.

Its behavior remains closely tied to retail engagement patterns, where momentum builds and fades in line with broader crypto market risk appetite.

The Bottomline

Toncoin continues to trade near the $2 level as it tracks broader market cycles, while Shiba Inu remains around $0.0000055 with movement shaped by shifting sentiment. Bonk Coin also holds near $0.0000055, reflecting fast reactions to Solana-driven liquidity changes. These assets remain active, but their direction largely follows the overall market rhythm rather than setting it.

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BlockDAG, however, is currently defined by timing sensitivity around its $0.001 buyback window, creating a clear focus on execution over waiting. At the same time, BDAG remains available at $0.00000044 with direct buyback program access and 30% off live swap access, adding another layer of participation interest.

This mix of structured timing and accessible entry points keeps BlockDAG in the next big crypto narrative as attention shifts toward assets where timing directly shapes opportunity. Momentum continues building as engagement tightens around its current window.

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Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Outpoll announced the global launch of its prediction market platform, a venue where users can trade on the outcomes of real-world events across politics, sports, crypto, and culture. The platform goes live as prediction markets have moved firmly into mainstream coverage, with the category reaching a multi-billion-dollar valuation tier and prices from these markets increasingly cited alongside polls and expert forecasts.

The Outpoll prediction market platform is built around a specific conviction: prediction markets have become a full trading category and deserve the same toolkit traders bring over from FX, crypto, and futures. Where the category historically optimized for casual participation, Outpoll’s prediction market platform treats the user as a trader from the first interaction.

The launch product covers six pillars. Take-profit and stop-loss orders are available on open positions, alongside both limit and market order types – standard equipment on most trading venues, and overdue in the prediction market category. A full public REST and WebSocket API ships with the platform, with documented Python examples covering automation of protective orders, real-time price monitoring, and integration with external infrastructure. Creator-led markets allow approved community leaders and subject-matter experts to launch and curate their own markets with platform-level oversight on quality and resolution. An integrated news section sits directly inside the trading interface, removing the gap between consuming a relevant headline and acting on it. The platform launches with a native Android application available on Google Play, with an iOS version on the roadmap. Multi-currency deposits with in-app conversion to USDC remove first-time friction for users funding their accounts.

Markets on the Outpoll prediction market platform are fully collateralized at the contract level, with positions settled in USDC. Resolution rules and authoritative sources are published before each market opens, with platform-level oversight ensuring markets resolve as defined. Trading fees are approximately 0.1% per trade, in line with industry norms, with no additional charges in the order flow. Onboarding uses a risk-based, trigger-driven KYC approach managed by a dedicated compliance team. The platform also operates a cashback program in which active traders receive Outpoll Token rewards credited to their accounts.

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Prediction markets earn their seat at the table by producing prices worth paying attention to. The Outpoll prediction market platform is built around the conviction that the more efficiently traders can express views, the more those prices are worth – and that the platforms which invest in serious tooling earliest will compound a structural advantage as the category matures.

About Outpoll

Outpoll is a global prediction market platform built for traders, forecasters, and audience-led communities. The platform is available globally with restrictions per Terms of Use. More information is available at outpoll.com, with full API reference at docs.outpoll.com/api and the Android application available on Google Play.

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Fintech company Revolut plans to offer stablecoins through its future US bank, Reuters reported Wednesday, citing comments from the company’s US CEO, Cetin Duransoy.

Duransoy told the news service that customers of the bank, which is expected to launch next year, will have access to FDIC-insured accounts, multi-currency deposits, stock trading and cryptocurrency services. He said that Revolut plans to initially target retail and business customers with international banking needs, including those managing multiple currencies.

Revolut applied for a US national bank charter in March, which would allow the company to offer federally insured banking products nationwide under a single federal regulatory framework. 

That filing marked a change from the company’s earlier plans to acquire a US bank as part of its expansion strategy. Duransoy joined Revolut that same moont to lead its growth in the United States.

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Revolut is looking to get a US foothold in a stablecoin market that has grown to around $319.5 billion, up from about $247 billion a year ago, according to DefiLlama data.

Founded in 2015, Revolut offers digital banking, payments, investing and cryptocurrency products to more than 75 million customers globally, according to its website. Outside of the US, its customers are already able to use their bank cards to make payments with USDT and USDC Stablecoins.

Source: DefiLlama

Related: Mastercard expands support to USDC, PYUSD, RLUSD stablecoin settlement

Stablecoins draw big interest from financial services providers

Revolut’s plans come amid a series of recent stablecoin launches by banks, fintech companies and payment providers as digital-dollar products move deeper into payments and banking services.

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In December, digital bank SoFi launched SoFiUSD, a dollar-backed token that enables customers to transact on the Ethereum and Solana networks through the company’s mobile app.

Last week, Falcon Finance introduced the stablecoin fUSD through Anchorage Digital’s regulated issuance platform. The token is backed by cash, repurchase agreements and short-term US government securities and is intended for institutional trading and treasury operations.

On Tuesday, MoneyGram introduced MGUSD in partnership with Bridge, Stripe’s stablecoin platform. The Stellar-based token is integrated into the MoneyGram app and can be used to hold and transfer dollar-denominated balances.

The activity has coincided with a broader push by fintech and digital asset companies to obtain federal banking approvals in the United States. This year, Nubank and Crypto.com received conditional approval to establish national banks, while Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos secured similar approvals from the Office of the Comptroller of the Currency in late 2025.

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Source: Crypto.com

Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies?

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The Zcash Foundation shipped an emergency upgrade to patch a critical bug in its Orchard shielded pool, and Zcash (ZEC) climbed even as the broader crypto market sold off.

The fix arrived through two releases, Zebra 4.5.3 and 5.0.0, which paused and then restored Orchard transactions with a corrected circuit. No funds were lost, and total supply stayed intact.

Zcash Patches a Soundness Bug in Orchard

The flaw sat in the Orchard Action circuit, the zero-knowledge system behind Zcash’s newest privacy pool. If exploited, it could have let value be created without detection.

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Earlier upgrades had pushed record amounts of ZEC into shielded pools, raising the stakes for any Orchard flaw. Both releases shipped within days of the discovery.

Zebra 4.5.3 disabled Orchard actions through an emergency soft fork at block height 3,363,426. Zebra 5.0.0 then activated the NU6.2 hard fork at block 3,364,600 and switched Orchard back on.

The Foundation said it caught the flaw before any known exploitation. Transparent and Sapling transactions kept working, so user privacy was unaffected. The team urged every node operator to upgrade to 5.0.0.

Why the Network Looked Offline

Reports claimed Zcash had stopped producing blocks for hours. Several explorers showed the chain stuck near height 3,364,601 during the upgrade window, and social posts amplified the confusion.

The halt was only apparent. Mining pools kept producing blocks under the new rules while lagging explorers resynced.

By midday on June 3, most had caught up to the upgraded consensus.

ZEC Holds Up as Markets Fall

ZEC traded for $596 as of this writing, up by over 5% over 24 hours, according to market data. The token ranged between $560 and $638 on the day, while Bitcoin and other large caps slid.

Its market value sits near $9.9 billion, placing ZEC around 13th by capitalization. The strength fits a wider rotation into privacy assets that has lifted the token in recent months.

Growing institutional interest has tracked rising demand for privacy. Talk of ETF prospects for ZEC has added to the momentum, though approval is far from certain.

The incident tested Zcash’s coordination more than its order book. Some analysts have floated higher long-term targets, but those calls stay speculative until operators cleanly finish the move to 5.0.0.

The post Zcash Fixes Emergency Bug as ZEC Defies Crypto Market Crash appeared first on BeInCrypto.

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Nvidia CEO Jensen Huang called Marvell Technology the next trillion-dollar company at Computex on June 2. Marvell shares jumped about 33% in a single session, their biggest one-day gain on record. The move added roughly $56 billion in market value, pushing Marvell above $250 billion.

The endorsement landed as investor Michael Burry warned that Nvidia itself faces concentrated demand and hidden financing risk across the AI buildout.

What Jensen Huang Said About Marvell

Huang made a surprise appearance during Marvell CEO Matt Murphy’s keynote in Taipei, spending about 10 minutes on stage. He praised Marvell’s networking and connectivity chips as essential to data centers, where AI workloads run across thousands of linked processors that must share data quickly.

The remark followed Nvidia’s roughly $2 billion equity investment in Marvell, which tied the firm’s custom accelerators and optical networking to Nvidia’s AI factory architecture.

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Why the Marvell Bull Case Holds

Bulls argue connectivity is the next bottleneck in AI systems after raw compute and memory. Marvell builds the switches, optics, and custom silicon that link those clusters, and data center products now drive most of its revenue.

Skeptics counter that Marvell trades at a steep valuation. It also faces strong competition from Broadcom in networking silicon.

“…the next trillion-dollar company,” CNBC reported, citing Jensen Huang.

A single endorsement rarely changes fundamentals, yet Huang’s words carry weight with traders. Analysts have also stayed broadly bullish on Nvidia, reflecting confidence in the wider AI trade.

Michael Burry’s Warning on Nvidia

Michael Burry, known for his role in The Big Short, has taken the other side of the AI story. His firm, Scion Asset Management, bought put options (short orders) on one million Nvidia shares.

Burry flagged Nvidia’s customer concentration as a core risk. He said the top three customers now account for 64% of Nvidia’s accounts receivable, up from 56% the prior quarter and about 33% in 2020.

He also described much of today’s spending as a temporary benchmarking phase he calls a tokenmaxxing bubble. In his view, that demand looks permanent now, but could fade.

“The conditions for an aggressive fall are as strong as they have been in the history of the stock,” Burry stated.

Burry’s caution echoes other warnings he has issued about a wider market bubble. He has recently been shorting chip stocks as well.

His thesis points to leveraging hidden across the system. A Moody’s report in February found that Microsoft, Amazon, Alphabet, Meta, and Oracle have $662 billion in future data center lease commitments that are not yet reflected on their balance sheets.

That figure equals roughly 113% of the five companies’ adjusted debt, according to Moody’s. The obligations become real cash costs once the leases begin.

Other signals have added to the caution. Reports of falling H200 rental prices have raised questions about near-term GPU demand.

The post Nvidia CEO Just Crowned the “Next Trillion-Dollar” Chip Stock and It Went Up 33% appeared first on BeInCrypto.

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The price of Bitcoin (BTC) registered a 4% drop in the last 24 hours and is heading towards losing the psychological level of $64,000.

The post Bitcoin falls to $64,000 and Crypto Liquidations Top nearly $1 Billion: More Pain ahead? appeared first on BeInCrypto.

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