🚨 Top Web3 Headlines You Can’t Miss Today

News

🏛 US President Donald Trump Signs First Crypto-Related Bill Into Law; Report

US President Donald Trump has signed a joint resolution that will repeal an IRS rule affecting decentralized finance (DeFi) platforms. This legislation, which has passed through both the Senate and the House, aims to prevent the IRS from enforcing tax reporting requirements on DeFi protocols. The move is seen as a key development in crypto regulation.

⚠️ Peter Schiff Claims Bitcoin Is In A ‘Major’ Bear Market, Here’s Why

Prominent gold advocate and long-time Bitcoin critic Peter Schiff has given a major comment about Bitcoin in one of his recent statements. He declared that Bitcoin is in a “major bear market,” pointing to its performance against gold since its November 2021 peak.

Markets

🔻 Ethereum Price Mirrors Nokia Downfall As Solana Market Share Surges – Is ETH Dying?

Ethereum price performance is mirroring the downfall of Nokia according to a top market analyst. The largest altcoin struggles against its top rivals like Ripple (XRP) and Solana (SOL), which are gradually eating into its market share. Ethereum’s struggle follows reduced utility for ETH due to the prominence of layer 2 networks and lack of demand. Amid this shift, will Ethereum be the next Nokia and Solana the next Apple? Let’s find out.

⚠️ Solana Price Crash to $75 Imminent Even as US Company Accumulates $4.6M SOL

In an uptrend, Janover, a software company acquiring $4.6M Solana (SOL) would skyrocket prices. However, bear market dampens this bullish development, leaving Solana price to crash below $100 and retest $75, a level not tagged since December 2023.