The Trump administration still firmly supports tax exemptions for small cryptocurrency transactions and plans to push for relevant legislation

According to analyst Yu Jin's monitoring, a giant whale has once again proposed 14982 ETH worth approximately $51.29 million from Kraken. Since the 10th, this address has cumulatively proposed 103274 ETH worth approximately $298 million from Kraken, with an average price of $2885. At present, there is a floating profit of 63 million US dollars.

On July 18th, according to Cointelegraph, White House Press Secretary Levitt confirmed President Trump's support for the "minimum tax exemption" policy for Bitcoin and cryptocurrency, and stated that he will continue to push for legislative avenues to achieve this goal. Note: Minimum tax exemption refers to the situation where the amount or income of a transaction is very small (below a set "minimum limit"), and the tax authority will not levy taxes.

Golden Finance reported that Nasdaq listed company TAO Synergies Inc. (formerly known as Synaptogenix) announced that it has purchased 29899 native tokens TAO of the decentralized artificial intelligence network Bittensor for a total purchase price of $10 million, with an average of approximately $334 per token, to support its TAO digital asset financial strategy. It is reported that after the completion of this transaction, TAO Synergies has become the largest listed company in terms of TAO holdings to date.

According to a report by Golden Finance, Thumzup Media Corporation, a Nasdaq listed company, announced that its board of directors has authorized the company to invest $250 million in cryptocurrencies. The cryptocurrencies it plans to invest in at this stage include BTC, ETH, SOL, XRP, DOGE, LTC, and USDC, with the aim of diversifying its cryptocurrency investment portfolio. Thumzu previously disclosed that Donald Trump Jr., son of US President Donald Trump, holds 350000 shares of the company's stock.

BlockBeats News: On July 18th, according to Onchain Lens monitoring, whales are accumulating a large amount of Ethereum (ETH). Whale addresses starting with 0x52e have spent 36.5 million USDT and purchased 10587.4 ETH at an average price of $3448 per coin; Whale addresses starting with 0xdfc have spent 9.98 million USDT and purchased 2895 ETH at an average price of $3448 per coin.