According to @ItsDave_ADA, Cardano (ADA) has shown significant bullish momentum, recently breaking above the $0.64 level and reaching a high of $0.6502. This price action is supported by strong network fundamentals, as Cardano surpassed 1.3 million staking addresses, a milestone reported by TapTools. Technical analysis from the source indicates ADA broke key resistance at $0.635, establishing new support, with higher lows and increasing volume confirming a bullish continuation pattern. For instance, one notable minute saw volume exceed 5.3 million units, pushing the price up nearly 0.4%. Despite this rally, market sentiment remains divided, with some analysts targeting $0.70-$0.72 while others point to bearish on-chain metrics. Current market data shows ADAUSDT trading around $0.5726, suggesting a pullback from recent highs but maintaining a 1.11% gain over the last 24 hours.

According to @StockMKTNewz, Amazon was founded on this day in 1994 from a garage, a historical milestone for tech innovation. In today's digital asset market, Cardano (ADA) presents a mixed trading picture based on current data. The key ADA/USDT pair trades at $0.5733, marking a 0.796% decline in 24 hours, with a trading range between $0.5637 and $0.5839, as per the provided market data. However, Cardano shows relative strength against other major cryptocurrencies. The ADA/BTC pair is up 1.321% to 0.00000537 BTC, and the ADA/ETH pair has gained 1.838% to 0.00030470 ETH. The primary ADA/USD pair is slightly down by 0.296% at $0.5727, suggesting that while fiat pairings are soft, ADA is outperforming Bitcoin and Ethereum in the immediate short term.

According to @ThinkingUSD, market data reveals a significant downturn for Ethereum (ETH), with its price falling over 4% to trade below the $2,500 level against major stablecoins. The ETH/USDT pair recorded a 24-hour low of $2,476.41 after reaching a high of $2,602.52, indicating increased selling pressure. The ETH/BTC pair also saw a decline of approximately 1.94%, suggesting weakness relative to Bitcoin. In contrast, certain altcoins have performed well against Ethereum; the ADA/ETH pair is up 1.84%, and the SOL/ETH pair has gained 2.6%, highlighting a potential rotation of capital into these assets amidst ETH's decline.

According to @StockMKTNewz, Bitcoin (BTC) experienced a modest dip to just under $109,000 following the release of a stronger-than-expected U.S. June jobs report. The report, which showed 147,000 jobs added versus a 110,000 forecast, has reinforced the Federal Reserve's patient stance on interest rate cuts, significantly lowering market expectations for a July rate reduction. This macroeconomic development followed an earlier pullback for BTC from its record-high monthly close, a move attributed to weakness in U.S. tech stocks. The broader crypto market also saw declines, with major altcoins such as Solana (SOL), Cardano (ADA), and Avalanche (AVAX) posting losses amid the shifting sentiment.

According to @BillGates, a significant cryptocurrency tax amendment proposed by U.S. Senator Cynthia Lummis failed to be included in the major budget bill passed by the Senate. The proposal sought to waive capital gains taxes on crypto transactions under $300 and change the tax treatment for staking and mining rewards to be taxed only upon sale, not acquisition, as argued by lobbying groups like the Digital Chamber. Despite industry support, the amendment was not adopted. Following this legislative development, the crypto market showed signs of weakness. Market data indicates that Ethereum (ETH) fell, with the ETHUSDT pair dropping -0.869%. Similarly, Cardano (ADA) saw its ADAUSDT pair decrease by -2.637%, and Solana (SOL) experienced a -1.249% drop in its SOLUSDT pair over the last 24 hours.

According to @ItsDave_ADA, Cardano's ADA token is experiencing significant volatility, recently dropping 6.01% to $0.6412 before recovering to trade near $0.6460. This price action is influenced by a heated community debate over a proposal from the TapTools team to allocate 140 million ADA (approx. $100 million) from the treasury to boost stablecoin liquidity for its DeFi ecosystem. Influential community members like @cardano_whale expressed concern over potential sell pressure from such a move, according to the source. However, Cardano founder Charles Hoskinson countered this, calling it a "false narrative" and suggesting the treasury could use strategies like TWAP orders to avoid market disruption. On a bullish note, TapTools reported that Cardano has surpassed 1.3 million staking addresses, reinforcing long-term network fundamentals despite the debate. From a technical standpoint, ADA found strong support at $0.622 after falling from $0.688, with key resistance identified at $0.645.

According to @ItsDave_ADA, the Real-World Asset (RWA) tokenization market has surged 380% in three years to $24 billion, signaling major institutional adoption from firms like BlackRock, as detailed in a report by RedStone, Gauntlet, and RWA.xyz. In contrast, Cardano (ADA) is facing significant headwinds, trading around $0.6229 after whales offloaded approximately 270 million ADA, worth $170 million. Technical analysis indicates a bearish trend for ADA, with key resistance near the $0.642–$0.645 level. However, fundamental developments may provide long-term support, as the Cardano Foundation has launched 'Originate,' a new enterprise solution for product verification, and ADA was recently added to the Nasdaq Crypto Index.

According to @WhiteHouse, the U.S. Senate has passed a major budget bill without including Senator Cynthia Lummis's proposed amendment for crypto-friendly tax reforms. The amendment aimed to provide significant relief for crypto users by waiving capital gains taxes on transactions under $300 and altering the tax treatment for staking and mining rewards. The proposed change would have taxed these rewards only upon their sale, rather than at the time of acquisition, addressing a key issue of double taxation for the industry. Despite lobbying efforts, the amendment was not included in the bill, which passed on a narrow 50-50 vote and now moves to the House of Representatives for further debate. This legislative setback for U.S. crypto tax clarity comes as the market shows bullish momentum, with Ethereum (ETH) trading around $2,600 (a 6% increase), Cardano (ADA) near $0.60 (an 8.5% increase), and Solana (SOL) at approximately $155 (a 4% increase) in the last 24 hours, based on provided data.

According to Dave, while new developments are being shared, current market data for Cardano (ADA) presents a mixed trading picture. The provided data shows ADA trading around $0.559. Over the last 24 hours, ADA has experienced a slight loss against Tether (USDT) of -0.640% and against Bitcoin (BTC) of -0.763%. In contrast, it has shown strength against Ethereum (ETH), gaining 1.838%, and also rose 0.703% against USD Coin (USDC). For traders, the 24-hour range for the high-volume ADA/USDT pair is between $0.5362 and $0.5626, indicating key short-term support and resistance levels.

According to @FoxNews, a significant cryptocurrency tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. The proposed changes aimed to rationalize the tax system for digital assets by taxing staking and mining rewards only upon their sale, rather than at acquisition, to avoid what the industry calls unfair double taxation. The amendment also sought to create a tax waiver for small crypto transactions under $300, with a yearly cap of $5,000, to encourage wider adoption by simplifying tax reporting for casual users. The failure of this amendment to advance is a setback for the crypto industry's lobbying efforts for clearer regulations. As this legislative news unfolded, market data indicated minor price pullbacks for major cryptocurrencies, with Ethereum (ETH) trading around $2,440, Solana (SOL) near $148.96, and Cardano (ADA) at approximately $0.5548.

According to @WhiteHouse, a significant legislative effort to ease cryptocurrency taxation in the U.S. has hit a roadblock, as Senator Cynthia Lummis's amendment was not included in the major budget bill passed by the Senate. The proposed changes would have waived capital gains taxes on crypto transactions under $300 and altered the tax treatment of staking and mining rewards to be taxed only upon sale, a move highly anticipated by the industry to reduce perceived double taxation. The failure of this amendment means the current, more complex tax rules remain in effect, potentially impacting trader and investor sentiment. This legislative setback occurs as major cryptocurrencies show negative 24-hour performance, with the provided data showing ETHUSDT down 3.6%, ADAUSDT down 5.4%, and SOLUSDT down 4.7%. The bill now moves to the House of Representatives for further debate.

According to @FoxNews, U.S. Senator Cynthia Lummis is advancing significant legislative proposals with major implications for the cryptocurrency and AI sectors. For crypto traders, a proposed amendment seeks to waive capital gains taxes on transactions under $300 and, critically, change the tax treatment for staking and mining rewards. This proposal would tax assets from staking, mining, airdrops, and forks only upon their sale, not upon acquisition, which could significantly alter the profitability calculations for validators and miners. The amendment also aims to close the wash-trading loophole for crypto assets. Simultaneously, Lummis introduced the RISE Act of 2025 to regulate AI, requiring developers to disclose technical details and limitations via 'model cards' to ensure professional accountability, though it stops short of mandating open-source models. These developments occur as the crypto market shows a slight downturn, with Solana (SOL) trading at $148.13, down 1.67%, Ethereum (ETH) at $2442.78, down 0.85%, and Cardano (ADA) at $0.5531, down 1.74% over the last 24 hours.

According to @FoxNews, U.S. Senator Cynthia Lummis is pushing for a significant cryptocurrency tax amendment in a major budget bill that could dramatically alter the landscape for traders and investors. The proposal aims to tax staking and mining rewards only when the assets are sold, not upon acquisition, which could significantly increase the appeal of staking assets like Ethereum (ETH), Cardano (ADA), and Solana (SOL) by deferring tax liabilities. Furthermore, the amendment seeks to create a tax waiver for crypto transactions under $300, with a $5,000 annual cap, potentially lowering the barrier for retail adoption and increasing micro-transaction volume. However, the legislation also intends to close the wash-sale loophole, which would eliminate a popular tax-loss harvesting strategy used by many crypto traders. This legislative effort faces political headwinds, as Senator Adam Schiff has introduced a separate bill, the COIN Act, to prohibit officials like President Trump from engaging in crypto ventures, creating uncertainty for broader market regulation. These developments come as the market shows signs of weakness, with ETH, ADA, and SOL all posting 24-hour losses against the US dollar.

According to @FoxNews, President Donald Trump is urging the House of Representatives to quickly pass the Senate's stablecoin bill, the GENIUS Act, without any changes. However, this push faces potential delays as key lawmaker Representative French Hill has indicated that further talks are necessary to resolve "subtle, some material" differences with the House's own version, the STABLE Act. Hill cited disagreements on U.S. enforcement outside its borders and the roles of state versus federal regulators as key negotiation points. This legislative uncertainty is contrasted by separate efforts from Democrats, such as Senator Adam Schiff's COIN Act, which aims to prohibit officials like Trump from engaging in cryptocurrency ventures, highlighting ongoing political friction. Despite the potential for legislative gridlock, the crypto market has shown resilience, with major assets like Solana (SOLUSDT) gaining 4.18%, Cardano (ADAUSDT) rising 5.05%, and Ethereum (ETHUSDT) up 2.92% in the last 24 hours.

According to @ItsDave_ADA, Cardano (ADA) is experiencing significant volatility driven by conflicting fundamental developments. On one hand, the network achieved a major milestone by surpassing 1.3 million staking addresses, which initially helped push the ADA price to a high of $0.6502. On the other hand, the token later dropped 6% to $0.6412 following a contentious community debate over a proposal to allocate 140 million ADA (approximately $100 million) from the treasury to boost stablecoin liquidity for its DeFi ecosystem. Cardano founder Charles Hoskinson supports the move, arguing it's crucial for growth and can be executed without disrupting the market. However, critics fear it could create significant selling pressure. From a trading perspective, key technical levels have emerged from the volatility: ADA found strong support at $0.622 after the drop, with resistance now capping momentum at $0.645. Before the downturn, ADA had successfully broken resistance at $0.635.

According to @ItsDave_ADA, Cardano's ADA token has experienced significant volatility, driven by a contentious governance debate and positive network growth. The price initially dropped 6% to $0.6412 after the TapTools team proposed allocating 140 million ADA (approx. $100 million) from the treasury to bolster stablecoin liquidity in Cardano's DeFi ecosystem. This proposal sparked a debate, with influencer @cardano_whale warning of potential sell pressure, while Cardano founder Charles Hoskinson dismissed these concerns as a "false narrative," suggesting gradual over-the-counter or TWAP sales to prevent market disruption. Amid this debate, the network achieved a key milestone, surpassing 1.3 million staking addresses, signaling strong holder conviction. Technical analysis from the source indicates key support was established at $0.622 during the sell-off, with resistance at $0.645. Despite a brief recovery, current market data shows ADAUSDT trading at $0.5802, reflecting the ongoing market uncertainty.

According to @ItsDave_ADA, Cardano co-founder Charles Hoskinson has proposed converting $100 million of the treasury's ADA into a mix of Bitcoin (BTC) and Cardano-native stablecoins like USDM and USDA. Hoskinson stated this move aims to boost the Cardano DeFi ecosystem by increasing the stablecoin issuance to Total Value Locked (TVL) ratio from its current 10% to a target of 30-40%. He dismissed concerns that a sale of this size would negatively impact ADA's price. DefiLlama data shows Cardano's TVL at $356 million with only $31 million in stablecoins. Coinciding with this proposal, the ADA token's price climbed 3% to trade near $0.6460, breaking the $0.635 resistance level. This price action is supported by strong network fundamentals, as Cardano surpassed 1.3 million staking addresses, a milestone reported by TapTools, indicating sustained long-term investor confidence despite recent whale outflows of over 270 million ADA.

According to @ItsDave_ADA, Cardano co-founder Charles Hoskinson has proposed converting $100 million of the treasury's ADA tokens into a mix of Bitcoin (BTC) and Cardano-native stablecoins like USDM and USDA. The stated goal is to energize the Cardano DeFi ecosystem by raising the ratio of stablecoin issuance to Total Value Locked (TVL) from the current 10% to a target of 30-40%, as Hoskinson stated the low stablecoin volume is 'killing Cardano.' DefiLlama data shows Cardano's TVL at $356 million with just $31 million in stablecoins, compared to Solana's $9.8 billion TVL and $11 billion in stablecoins. Hoskinson dismissed concerns that the sale would negatively impact the price of ADA, which is trading at approximately $0.5613 (ADAUSDT). This proposal comes amid broader market maturation in Real-World Asset (RWA) tokenization, with major firms like BlackRock and VanEck increasing their involvement.

According to the source, market data indicates Ethereum (ETH) is trading around $2441.10 against USDT, showing a modest 24-hour gain of 0.595%. The price has fluctuated between a high of $2461.22 and a low of $2423.88, suggesting a defined trading range. Against Bitcoin, the ETH/BTC pair is up 0.575%, indicating slight outperformance by Ethereum. However, certain altcoins are showing greater relative strength; the SOL/ETH pair has risen by 2.595% and the ADA/ETH pair is up 1.838%, highlighting potential trading opportunities in altcoins relative to ETH.

According to the author, blockchain valuation models remain unresolved, similar to early internet era missteps like the dot-com bubble's focus on eyeballs over earnings, which can lead to market inefficiencies and trading risks for cryptocurrencies such as ETH and ADA. The author proposes a velocity and flow framework, measuring on-chain activities like stablecoin turnover and DeFi lending, to offer traders a more accurate tool for assessing blockchain value and identifying opportunities (source: article).