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&nbsp;according to Reuters, U.S. Democratic Senator Mark Kelly proposed on Friday local time to suspend the federal gasoline tax of 18.4 cents per gallon until October 1st, to help Americans facing rising oil prices due to the U.S.-Iran conflict. According to data from AAA, a U.S. travel organization tracking fuel prices, nationwide gasoline prices increased by 35 cents in the past week, reaching an average of $3.32 per gallon. Political analysts say the continued rise in gasoline prices may be unfavorable to Trump's Republican colleagues in the November midterm elections, as they strive to maintain the majority in Congress. Kelly plans to submit this bill to the Senate next week. Once passed, the U.S. Treasury will be responsible for overseeing the implementation of the tax suspension, ensuring that the saved tax fees are truly used to reduce gasoline prices, benefiting consumers.

[U.S. Senator Kelly proposed suspending the federal gasoline tax until October 1st.]&nbsp;according to Reuters, U.S. Democratic Senator Mark Kelly proposed on Friday local time to suspend the federal gasoline tax of 18.4 cents per gallon until October 1st, to help Americans facing rising oil prices due to the U.S.-Iran conflict. According to data from AAA, a U.S. travel organization tracking fuel prices, nationwide gasoline prices increased by 35 cents in the past week, reaching an average of $3.32 per gallon. Political analysts say the continued rise in gasoline prices may be unfavorable to Trump's Republican colleagues in the November midterm elections, as they strive to maintain the majority in Congress. Kelly plans to submit this bill to the Senate next week. Once passed, the U.S. Treasury will be responsible for overseeing the implementation of the tax suspension, ensuring that the saved tax fees are truly used to reduce gasoline prices, benefiting consumers.

U.S. Senator Kelly proposed suspending the federal gasoline tax until October 1st.

Bitcoin Fear and Greed Index is 12. Extreme Fear.
Current Price: $68011.43.

[Bitcoin Fear and Greed Index is 12]Bitcoin Fear and Greed Index is 12. Extreme Fear.
Current Price: $68011.43.

Bitcoin Fear and Greed Index is 12

&nbsp;according to monitoring data from Farside Investors, the US spot Bitcoin ETF had a net outflow of $348.9 million yesterday.

[The US spot Bitcoin ETF saw a net outflow of $348.9 million yesterday.]&nbsp;according to monitoring data from Farside Investors, the US spot Bitcoin ETF had a net outflow of $348.9 million yesterday.

The US spot Bitcoin ETF saw a net outflow of $348.9 million yesterday.

according to data monitored by Farside Investors, the US spot Ethereum ETF had a net outflow of $82.9 million yesterday.

[The US spot Ethereum ETF saw a net outflow of $82.9 million yesterday.]according to data monitored by Farside Investors, the US spot Ethereum ETF had a net outflow of $82.9 million yesterday.

The US spot Ethereum ETF saw a net outflow of $82.9 million yesterday.

&nbsp;according to Onchain Lens monitoring, a wallet associated with Rune Christensen deposited 4 million USD Coin (USDC) into #HyperLiquid and opened the following long positions on Trade.xyz:

[Rune Christensen's linked wallet deposited 4 million USDC into HyperLiquid, using 20x leverage to go long on $CL.]&nbsp;according to Onchain Lens monitoring, a wallet associated with Rune Christensen deposited 4 million USD Coin (USDC) into #HyperLiquid and opened the following long positions on Trade.xyz:

Rune Christensen's linked wallet deposited 4 million USDC into HyperLiquid, using 20x leverage to go long on $CL.

&nbsp;a crypto industry executive rebutted the statement made by the chairman of the Community Bankers Association. The latter believes that any compromise between the banking industry and the crypto industry on the U.S. CLARITY Act would be a mistake.

[Crypto executive: Community banks and the crypto industry are allies in the Clarity Act controversy.]&nbsp;a crypto industry executive rebutted the statement made by the chairman of the Community Bankers Association. The latter believes that any compromise between the banking industry and the crypto industry on the U.S. CLARITY Act would be a mistake.

Crypto executive: Community banks and the crypto industry are allies in the Clarity Act controversy.

up Surges 15.81% in 24H, Currently at 0.044999 USDT

【up currently trades at 0.044999 USDT, up 15.81% in 24h, according to HTX market data.】up Surges 15.81% in 24H, Currently at 0.044999 USDT

up currently trades at 0.044999 USDT, up 15.81% in 24h, according to HTX market data.

People's Bank of China: China's foreign exchange reserves at the end of February were 3,427.807 billion USD, an increase of 28.729 billion USD month-on-month.&nbsp;

[The People's Bank of China reported that China's foreign exchange reserves stood at $3,427.807 billion at the end of February, an increase of $28.729 billion month-on-month.]People's Bank of China: China's foreign exchange reserves at the end of February were 3,427.807 billion USD, an increase of 28.729 billion USD month-on-month.&nbsp;

The People's Bank of China reported that China's foreign exchange reserves stood at $3,427.807 billion at the end of February, an increase of $28.729 billion month-on-month.

Kristin Smith, President of the Solana Policy Institute, recently commented on the legislative progress of the "Clarity Act."

[Washington insiders say the Clarity Act could be passed as early as July.]Kristin Smith, President of the Solana Policy Institute, recently commented on the legislative progress of the "Clarity Act."

Washington insiders say the Clarity Act could be passed as early as July.

1. $31,800,000,000,000 Debt Ceiling Could Be Raised as President Biden Nears Deal;
2. Hong Kong’s Web3 Industry Leaders Form New Associations To Promote Virtual Asset Growth and Development;
3. Russia Abandons Plans for National Crypto Exchange, Will Focus on Private Exchanges Instead;
4. Japan's Bank of Japan Completes Second Phase of CBDC Experiment, Enters Pilot Phase;
5. US House Rules Committee Gears Up for Crucial Meeting on Debt Ceiling Bill;
6. Dubai's Financial Regulator Calls for Increased Communication to Prevent Crypto Regulation Loopholes;
7. Indonesia Bali to crack down on foreign tourists using crypto as payment;
8. Venezuela's Petro Blockchain Encounters Operational Difficulties and Wallet Eliminations, Raising Concerns in Crypto Community;
9. Global Blockchain in Gaming Market Size Expected To Reach USD 301.53 Billion by 2030.

Detail

【Huobi Breaking News】1. $31,800,000,000,000 Debt Ceiling Could Be Raised as President Biden Nears Deal;
2. Hong Kong’s Web3 Industry Leaders Form New Associations To Promote Virtual Asset Growth and Development;
3. Russia Abandons Plans for National Crypto Exchange, Will Focus on Private Exchanges Instead;
4. Japan's Bank of Japan Completes Second Phase of CBDC Experiment, Enters Pilot Phase;
5. US House Rules Committee Gears Up for Crucial Meeting on Debt Ceiling Bill;
6. Dubai's Financial Regulator Calls for Increased Communication to Prevent Crypto Regulation Loopholes;
7. Indonesia Bali to crack down on foreign tourists using crypto as payment;
8. Venezuela's Petro Blockchain Encounters Operational Difficulties and Wallet Eliminations, Raising Concerns in Crypto Community;
9. Global Blockchain in Gaming Market Size Expected To Reach USD 301.53 Billion by 2030.

Huobi Breaking News

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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